IDC: It is projected that the size of China's data warehouse software market will reach 21.5 billion US dollars by 2028.

Recently, the International Data Corporation (IDC) released the "China Data Warehouse Software Market Tracking Report, 1st Half of 2024". According to IDC data, the size of the China data warehouse software market in the first half of 2024 was 470 million US dollars, a year-on-year growth of 6.9%. Of this, the size of on-premises data warehouse software was 220 million US dollars, a year-on-year growth of 4.6%; while the size of public cloud data warehouse software was 250 million US dollars, a year-on-year growth of 9.1%. IDC predicts that by 2028, the size of the China data warehouse software market will reach 2.15 billion US dollars, with a 5-year compound annual growth rate (CAGR) from 2023 to 2028 of 17.9%. On-premises Deployment Mode In the first half of 2024, the top five companies in the on-premises deployment mode of data warehouses in China accounted for a total share of 59.6%. For reasons of data security and compliance, on-premises data warehouses are the preferred solution in traditional industries. In the on-premises deployment mode market for data warehouses, international products still hold a large proportion. With the release of national evaluations for databases, including data warehouse products, the replacement of international products in the existing market will accelerate. The market shares of companies in the on-premises deployment mode of data warehouses in China in the first half of 2024 are as follows: Public Cloud Mode Compared to the on-premises deployment market, the market concentration of public cloud data warehouse services is higher, with the top five companies accounting for a total share of 91.5%. With the rapid development of Internet-related businesses in China's Internet industry and traditional enterprises, enterprises have accumulated a large amount of data on the public cloud, creating prerequisites and foundations for the use of cloud-based data warehouses. IDC estimates that in 2024, the size of the public cloud data warehouse market will surpass the on-premises deployment market, and by 2028, the share of the public cloud data warehouse market will reach 58.1%. The market shares of companies in the public cloud mode of data warehouses in China in the first half of 2024 are as follows: IDC's Research Manager for the China Enterprise Software Market, Wang Nan, stated that Data+AI is driving a new round of enterprise system architecture upgrades, promoting further evolution in enterprise data management and analysis. Data warehouse products are fully embracing AI capabilities, such as natural language interactive queries, vector queries, AI-enhanced processes and algorithm optimization, greatly improving the efficiency of enterprise data analysis and reducing costs and barriers to use. In the long run, data warehouse products with large-scale and generative AI capabilities will help extend data analysis from management to all frontline employees, maximizing the value of data and achieving data democratization.