Data Fabric Market was valued at US$ 1.48 Bn. in 2022. The Global Data Fabric Market size is estimated to grow at a CAGR of 24.9% over the forecast period.
Data Fabric Market Overview:
The Data Fabric Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Data Fabric Market, as well as the causes for variances in the industry’s growth in various places.
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Data Fabric Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Data Fabric Market Drivers:
Private and public investments have surged up to millions of dollars in big data analytics applications. The rapid growth in data volume and complexity due to the use of mobile data and cloud computing and the use of more advanced technologies, including artificial intelligence (AI) and the internet of things (IoT), drive the need for big data analytics technologies. This technology has a great deal of potential to transform the way businesses operate. Large structured and unstructured data sets can be effectively analyzed by using big data platforms. The banking and finance industry is one of the leading industries that invest heavily in big data and analytics. North America and Europe are two of the most active markets for these technologies. These regions are also implementing several programs to implement big data in numerous industries.
One of the major drivers of the data fabric market is big data analytics technology, which helps gain actionable insights from structured and unstructured data, including web and social media data. Big data analysis provides businesses with crucial insight for improving customer retention, new market discovery, enhancing customer service, retaining employees, and increasing customer loyalty. Consequently, growing consumer demand for real-time analytics contributes to the growth of the data fabric market.
There are some factors hindering market revenue growth, including a lack of awareness about data fabric and a shortage of skilled professionals. Moreover, lack of investment in newer technologies and integration concerns with legacy systems are some of the factors expected to restrain market revenue growth within the forecast period. Today, businesses must learn more about how they can store and analyze real-time, critical data coming from a range of business events to achieve a sustainable impact from the adoption of data fabrics.
Data Fabric Market Segmentation:
by Component
Software
Services
by Deployment
On-premises
0n-cloud
by Organization Size
Large
SME
by Application
Customer Experience Management
Fraud Detection Management
Business Process Management
Asset Management
Others
by End-user
IT & Telecom
Manufacturing
BFSI
Healthcare
Others
by Type
In-Memory Data Fabric
Disk-based Data Fabric
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Data Fabric Market Key Players: The key players are
1. Denodo Technologies
2. Global IDs
3. IBM Corporation
4. Informatica
5. NetApp
6. Oracle Corporation
7. SAP SE
8. Software AG
9. Splunk
10. Talend
11. Dell Technologies
12. HP Enterprise
13. Teradata Corporation
14. TIBCO Software
15. Precisely
16. Idera
17. Nexla
18. Stardog
19. Gluent
20. Starburst Data
21. Other Key Players
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Data Fabric Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Data Fabric Market Report are:
- Which sub-segment had the largest share in the Data Fabric Market?
- How is the competitive landscape of the Data Fabric Market in 2023?
- Which are the key drivers impacting the Data Fabric Market growth?
- Which region holds the maximum share in the Data Fabric Market?
- What will be the CAGR of the Data Fabric Market during the forecast period (2023-2029)?
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