The data warehousing market in the retail industry is expected to touch revenues if $509.2 million by the year 2012. The revenues were $339 million for 2008, which means that the market is estimated to grow at a 10.7% CAGR along this period.
Even if the retail industry is considered as a growth driver for economies all around the globe, recession has currently hampered the profits in this industry. As a result, retailers are trying to expand the market in a global scenario by aligning business strategy as per the customer requirements and building operations across it. For this very reason, it is important that analyze the customer’s needs and the market scope. This is where business intelligence solutions and data warehousing solutions have come forward to help retail enterprises. These solutions are helping retailers to analyze their customers, their operations and dynamics of the market. The data warehousing software help retailers in improving efficiency to run operations and also provider organizational intelligence. Data warehousing software are indeed crucial in order to enhance customer service and keep them satisfied with the products and services. These solutions help in transforming data in to solid information which can prove to be important for decision making processes.
The report has further discussed the segmentation of data warehouse software according to various geographical regions. The report has also identified the challenges to be faced along with the booming trends and driving factors that exist for data warehouse software in the retail sector.