Oracle also launched state-of-the-art SPARC M7 microprocessor, the world's first cost-effective silicon-based memory intrusion detection and a high-speed encryption chip, that offers data security and memory protection without performance degradation.

"Data warehousing is one of the core technology areas where we have driven many innovations over the years. These innovations integrate and extend our data management offerings both on-premises and in the cloud," Mendelsohn noted.

"Oracle recognizes that a secured, scalable data warehouse is the foundation for Big Data and Big Data will continue to drive demands on IT to provide more agile warehousing solutions," he added.

On the recognition, Mendelsohn said Oracle is honoured and inspired by this ranking as a leader.

"Oracle believes that Forrester's recognition further affirms that our technology is delivering the right solutions to address customers' business requirements. We also believe it reflects that our data warehouse, In-Memory and Big Data solutions are delivering industry-driving innovations that are helping to transform IT," he added.

Forrester is a research and advisory firms headquartered in US state of Massachusetts that works with business and technology leaders to develop customer-obsessed strategies that drive growth.