The global data warehousing market is estimated to grow at a significant growth rate of 10.7% during the forecast period. The advent of blockchain technology has created a way to advance the data storage and management effectively. It can offer various advantages in data protection including transparency, reliability, and tamper-proof data security. The use of blockchain technology may significantly improve data security and efficient storage of files and documents. The blockchain network is visible to all participants and provides transparency and easy auditing. It is a reliable source as when one node fails, the user can still access the data as it is saved on all other nodes.
Browse
the full report description Global Data Warehousing Market Size, Share &
Trends Analysis Report by Mode of Deployment (On-Premises and Cloud-Based), by
Industry Vertical (Banking, Financial Services and Insurance (BFSI), IT &
Telecom, Retail, Healthcare, and Others) and Forecast 2019-2025 at
Blockchain data center infrastructure can support increasing data processing demands and ensure rapid, seamless, and secure data transmission. Thereby, augments the global data warehousing market growth during the forecast period. The companies such as KRAMBU, Inc. and Cisco Service, Inc. are integrating blockchain technology with data storage services. Blockchain integration with data centers is anticipated to offer significant opportunities for market players to advance their data storage solutions. This will assist companies to increase their revenue generation and maintain a good level of security primarily for banks and financial institutions especially as this sector is significantly moving toward blockchain technology for the management of financial transactions.
Banking and financial services companies require fast and reliable connectivity to support latency-sensitive applications for activities including market data delivery, payment processing, and online trading. To make high-performance applications, the provisioning speed of data and billing flexibility are critical. This could be achieved by managing a large amount of data through data warehousing services; therefore, is expected to drive the global data warehousing market.
Datacenter providers offered secure and seamless networking to the dedicated bare-metal servers and are well-suited to meet the agility and cost-efficiency requirements of the financial firms. Furthermore, financial services offering firms need to have significant control and customization of their IT infrastructure to comply with the industry regulations. Therefore, these firms may require a hybrid cloud approach to maintain more direct control over their IT infrastructure. The data warehouses having hybrid capabilities provide seamless integration between physical and virtual clouds while offering visibility and control over the firm’s IT environment. For this purpose, financial institutions make use of data warehousing services to meet the strict security and compliance requirements; thereby driving the global data warehousing industry market growth.
Current Market Trends Covered in the Global Data Warehousing Market Report
Global Data Warehousing Market Segmentation
By Mode of Deployment
By Industry Vertical
Global Data Warehousing Market – Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
To
learn more about this report request a free sample copy @