Telecom & IT
Growing demand for effective ways of storage and testing of enterprise big data will help to augment data warehousing market size by 2025. Data warehousing is rapidly substituting conventional database management systems and legacy Business Intelligence (BI) tools. Data warehouses enable storage of disparate data by transmuting and standardizing several data types into one common format. Data warehousing helps to store large data volumes, and which can be retrieved faster in comparison to other operational systems. Huge benefits offered by the technology are offering impetus to the growth of data warehousing industry share.Data warehousing market forecast report predicts that on-premise data warehousing industry trends will be enhanced owing to low network latency and improved security. On-premise data warehouses do not undergo network lags and provide quicker query processing. These systems provide enterprises with improved data security because critical enterprise data is instituted on in-house data centers. Unification of other services is easier with on-premise data warehouse due to the presence of a single server.
Size of statistical analysis segment in data warehousing market is predicted to expand exponentially over 2019-2025. Statistical analysis comprises of compilation and analysis of quantitative data stored in a data warehouse, to discover fundamental statistical relationships. Statistical analysis tools have been observing a surge in demand owing to the adoption of these tools among government and research companies for past data analysis and to regulate helpful data patterns. Statistical analysis provides superior data re-usability (data recycling) for various sets of conditions. These conditions enable enterprises to create forecast models and predictive analysis algorithms by making minimal changes in data set.
Data warehousing industry forecast report has projected that manufacturing data warehousing market share will expand with a CAGR of more than 15% over 2019-2025. The growth is attributable to advent of Industry 4.0 and intensifying trend of cyber-physical systems in manufacturing facilities to generate huge data. Also, the advancements in manufacturing sector and increasing adoption of data warehousing technology will expand data warehousing market share significantly.
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Huge investments are being made by manufacturing enterprises in IIoT and unifying data warehousing solutions with production management systems to plan for precise and data-driven manufacturing. For example, in February 2019, German automaker Daimler AG has reportedly deployed an in-house data warehouse known as eXtollo. This solution enabled Daimler to integrate IoT data with production planning systems. The integration helps to decrease material wastage, reduce production times, and cut down expense on product quality control. Demand for data warehousing is anticipated to escalate owing to efficient inventory planning and rapid production times in the manufacturing sector which will contribute to boost data warehousing industry outlook.
North America data warehousing market trends are projected to develop significantly by 2025 with a share of more than 40%. The growth can be accredited to strong ICT infrastructure, rapid adoption of cloud services, and augmenting prevalence of big data analytics. Companies in the region have been moving from traditional data warehouse tools to cloud-based solutions to raise scalability, cost-effectiveness, and to reduce hardware dependency. Presence of a number of key data warehouse vendors such as Oracle, IBM, Google, and Microsoft is also anticipated to drive North America data warehousing industry trends.
The main focus of the companies operating in data warehousing market have been on providing latest services and products to earn hefty revenue share. With the amplifying demand for data warehousing solutions, competitive landscape has been becoming more intense with major vendors have been focusing more on technology development and aggressive pricing to stay ahead of competition. A few of the key participants include IBM, AWS, Google, Oracle Corporation, Microsoft Corporation, etc. Reports predict that data warehousing industry size is slated to surpass $30 billion by 2025.
Author Name : Paroma Bhattacharya
Network automation market to record a staggering CAGR of 22% over 2018-2024, global industry expansion to be characterized by technological advancements and startup acquisitions
Disrupting the conventional ways of building digital infrastructure, the network automation market has emerged as one of the most enterprising niche verticals of the sustainable and smart industry. Prominent tech giants and multinational corporations around the globe have increasingly focused on implementing new methodologies to reduce manual configuration errors which are believed to cause the majority of network outages.
China Network Automation Market Share, By Application, 2017
In this context, network automation has evolved into one of the crucial technologies that have enabled businesses to decrease manual configuration errors and risk through effective compliance reporting, improved network service availability, enhanced performance and staff efficiency, and augmented data security infrastructure. As per reliable estimates, the overall network automation market size had been pegged at an appreciable USD 1.7 billion in the year 2017.
Besides providing a wide range of connectivity applications, the SD-WAN technology has assisted numerous business verticals to reduce complexities in physical network infrastructure. The advent of advanced computing technologies such as machine learning and artificial intelligence has disrupted the digital business models – a factor that can be attributed for large scale adoption of SD-WAN technology in the last few years. In fact, as per a research study compiled by Global Market Insights, Inc., the SD-WAN technology apportioned more than 67% of the total revenue share of network automation market in 2017 and is anticipated to hold a prominent spot in the overall software segment in the upcoming years.
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Concurrently, traditional networks are increasingly being replaced by virtual and cloud-based applications which has fundamentally transformed the growth strategies of major firms partaking in network automation market in the recent times. Numerous startups have been developing automation solutions that can configure manually-managed network devices, improve security capabilities, and supervise service offerings more efficiently. In this context, it would be prudent to mention that prominent tech giants have focused on acquiring these startups as it would assist them in augmenting their resources to deliver next-generation solutions that would serve all size and scale of customer needs. Enlisted below are a few instances that underscore how these acquisitions are shaping the network automation industry trends:
- To strengthen its service management portfolio and optimize its digital assets, IBM acquired the California-based network automation software provider Intelliden in 2017. Reportedly, Intelliden assists telecom firms to manage, configure, and scale their networks and automate an array of other services. Apparently, the technology of Intelliden would be integrated into IBM’s Tivoli Software which is known to enable various businesses to combine service delivery and significantly accelerate the automation of networks.
- With an aim to offer its customers an SD-WAN solution that is easy to deploy across enterprise branch offices and other WAN installations, Cisco has recently acquired an emerging WAN solutions provider Viptela for USD 610 million. Even though Cisco has a robust WAN product portfolio consisting of Intelligent WAN and Meraki SD-WAN, the addition of Viptela’s unique technology would reportedly expand and improve the overall functionality of the company’s WAN solutions in the times to come.
Implementing network automation solutions through cloud-based services has lowered capital expenditure and operational costs, enabling enterprises to scale their technological capabilities at a faster pace. Primarily driven by growing opportunities to offer enterprises with additional services like monitoring, security, and application optimization beyond basic automation tasks, the network automation industry share is anticipated to expand vigorously over the estimated timeframe. With rising investments by major tech firms coupled with innovative products being launched by startups, the network automation market size is forecast to register an excellent y-o-y growth rate of 22% over 2018-2024.
Author Name : Saif Ali Bepari