The burgeoning Data Fabric Market rides on the wave of positive ROI and the escalating demand for cloud-based solutions. This growth is propelled by the need for scalable, efficient, and integrated data solutions globally.
According to the latest findings by SNS Insider, the Data Fabric Market, valued at USD 1.69 billion in 2022, is poised to expand significantly, showcasing a projected market size of USD 10.72 billion by 2030. This growth is expected to maintain a compound annual growth rate (CAGR) of 25.89% from 2023 to 2030.
Data Fabric Market Report Scope
Data fabric stands as an all-encompassing solution for seamless data management and integration, offering real-time information access for employees across the globe. Its robust architecture spans across cloud, on-premises setups, data management practices, and edge devices. As companies swiftly transition to cloud-based operations and manage diverse data sources, the market is set to surge ahead.
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Key Players Included in this Report are:
- Denodo Technologies
- Global IDs Inc
- Hewlett Packard Enterprise Development LP
- International Business Machines Corporation
- NetApp Inc
- Oracle Corporation
- SAP SE Software AG
- Splunk Inc
- Talend S.A
- Others
Data Fabric Market Analysis
The exponential growth of various data types, including social media, sensor data, and machine data, underscores the significance of data fabric solutions. It enables the integration and analysis of diverse datasets, empowering organizations to derive real-time insights. The centralized access to varied data types across organizations amplifies its value proposition. Moreover, the positive ROI generated through operational efficiency and enhanced decision-making drives widespread adoption.
Market Segmentation Analysis
In terms of deployment, the cloud segment is poised to dominate owing to its efficiency, flexibility, and suitability for AI and advanced analytics projects. Within applications, business process management holds a significant share, aiding companies in optimizing data management processes. Additionally, security management applications are expected to witness substantial growth due to increasing concerns over data security.
Market Segmentation and Sub-Segmentation Included are:
On The Basis of Deployment
- On-premises
- On-cloud
On The Basis of Organization Size
- Large
- SME's
On The Basis of Type
- In-Memory Data Fabric
- Disk-based Data Fabric
On The Basis of Application
- Customer Experience Management
- Fraud Detection Management
- Business Process Management
- Asset Management
- Others
On The Basis of End-user
- IT & Telecom
- Manufacturing
- BFSI
- Healthcare
- Others
Key Regional Developments
North America leads the market due to a robust presence of data management solution providers and early adoption of advanced technologies. Meanwhile, Asia Pacific is forecasted as the fastest-growing region, driven by a burgeoning number of data centers and rapid digitization, especially in China.
Key Takeaways
- The Data Fabric Market's growth is anchored in its ability to seamlessly integrate diverse data types, driving real-time insights.
- Cloud-based solutions and the efficiency they offer will continue to propel market expansion.
- Regional dynamics, particularly in North America and Asia Pacific, dictate the market's trajectory.
Recent Developments
- In April 2022, Privitar Ltd. collaborated with Denodo to establish modern data management and bolster secure data integration.
- Vyasa introduced Cortex in March 2022, a pivotal data management tool amplifying data sources' accessibility within Vyasa Layar data fabrics.
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