If cloud hosting is a the only option, then the best solution is probably Amazon Redshift. However, if you need to install and operate your own the open source options (which have not been evaluated) are:
- CitusDB: http://citusdata.com/blog/76-postgresql-columnar-store-for-analytics
- MonetDB: https://www.monetdb.org/
If these are not suitable, there is also a commercial option in Infobright: https://www.infobright.com/
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