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China's data warehouse software market is expected to exceed US$2.3 billion by 2028

2024-07-22

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International Data Corporation (IDC) recently released the "China Data Warehouse Software Market Tracking Report for the Second Half of 2023". According to IDC data, the scale of China's data warehouse software market will be US$940 million in 2023, a year-on-year increase of 7.8%. Among them, the scale of local deployment data warehouse software is US$480 million, a year-on-year increase of 3.6%; the scale of public cloud data warehouse software is US$460 million, a year-on-year increase of 12.6%. According to IDC DataSphere's forecast, the annual data output scale of global enterprises will show an explosive growth trend from 2023 to 2028, and the data scale will reach 317.1ZB by 2028, with a compound annual growth rate of 30.2% from 2023 to 2028, which will bring a wider market space for the application of data warehouses in the future. IDC predicts that by 2028, the scale of China's data warehouse software market will reach US$2.36 billion, and the five-year market compound annual growth rate (CAGR) from 2023 to 2028 will be 20.2%.

(Source: Tonghuashun, the above information is automatically generated by Nandu Wancaishe AI ​​big data)