Data Warehousing Market Size

Data Warehousing Market size was valued at USD 31.24 billion in 2023 and is likely to reach USD 114.4 billion by 2036, registering around 10.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of data warehousing is estimated at USD 33.86 billion. The growth of the market can be attributed to the increasing demand for next-generation business intelligence, and rising need for dedicated storage systems for surge in volumes of data across the globe. Along with these, growing usage of mining for business intelligence and data analytics, and escalating proliferation of cloud technology among enterprises globally are also expected to drive significant market growth in the upcoming years. Furthermore, notable hike in the number of smartphone users, coupled with evolution of programming techniques with advancements in memory and core technologies are projected to offer abundant growth opportunities to the market in the near future. In 2020, more than 6 billion people around the world used smartphones, which is evaluated to grow up to more than 7 billion users by the end of 2024.