Data fabric helps organizations to tackle ever growing data. Data fabric refers to storing, processing, and analysing of discrete data in the form of files, database tables and other different interfaces. Data fabric benefits in simplifying and integration of data across cloud and on-premise which speeds up digital transformation. It is capable of delivering cohesive cloud services for data control, protection, visibility and accessing. The rise in adoption of software bases technologies and deployment of big data fabrics across enterprises for data handling may increase the opportunity for market growth.
The ever increasing data across organizations, and demand for real-time streaming analytics for reducing operational costs are primarily driving the market. The adoption of cloud based services and virtualization of network infrastructure are fuelling the market growth. However, the lack of awareness regarding data fabric is hampering the market growth. In the area of healthcare, data fabric has gained prominent significance by adhering internal data security policies and promotes greater innovation and IT responsiveness.
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Major Key Players
Splunk Inc. (U.S.),
Syncsort Inc. (U.S.),
IBM Corporation (U.S.),
Oracle Corporation (U.S.),
Global DS (U.S.),
Teradata Corporation (U.S.),
K2 View (U.S.), SAP SE (Germany),
According to MRFR, The global Data Fabric Market is expected to grow at a CAGR of 18% over the forecast period.
Data fabric Global Market – Regional Analysis
On the basis of region, the market is segmented into North America, Europe, Asia Pacific and rest of the world. Among these regions, North America is holding the largest market share and is expected to lead the market of data fabric in terms of market share due to the technological advancements and early adoption of data management systems. The major contributing factor towards this growth includes the growing demand for technology adoption in this region. On the other hand, Asia Pacific is expected to show the highest growth during the forecast period. However, the region is expected to face changes in the market by increasing technological adoption and creating huge opportunities across different industry verticals, especially in countries like India, China, and Taiwan.
Data fabric Global Market – Segmentation
On the basis of type, the market is segmented into disk based, and In-memory
On the basis of application, the market is segmented into business process management, customer experience management, and GRC (Governance, risk management, and compliance)
On the basis of service, the market is segmented into managed service, and professional service.
On the basis of industry, the market is segmented into automotive, BFSI, media & entertainment, healthcare, energy & utilities, and others.
On the basis of region: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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- Software Developers
- Cloud service providers
- System integrators
- Advisory firms
- Technology providers
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