the big advantage of a Materialized View is extremely fast retrieval of aggregate data, since it is precomputed and stored, at the expense of insert/update/delete. The database will keep the Materialized View in sync with the real data, no need to re-invent the wheel, let the database do it for you.

Why materialized view is faster than view?

Materialized View responds faster in comparison to View. It is because the materialized view is precomputed and hence, it does not waste time in resolving the query or joins in the query that creates the Materialized View. Which in turn responses faster to the query made on materialized view.

Is a materialized view faster than a table?

For more details, see Using Persisted Query Results. ... Materialized views are faster than tables because of their “cache” (i.e. the query results for the view); in addition, if data has changed, they can use their “cache” for data that hasn't changed and use the base table for any data that has changed.