Data Virtualization Market to 2022 – Growing Steady at 21.1% CAGR and Projected to Reach US$ 4.12 Billion

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The Market for Data Virtualization is expected to grow from US$ 1.58 Billion in 2017 to US$ 4.12 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 21.1% during the forecast period. The generation of large volumes of data is a major factor driving the growth of the data virtualization market. To formulate business strategies, organizations need to access large volumes of data stored at heterogeneous sources to gain business insights and to enhance the decision-making process.

“Data integration solution component is expected to hold the largest market size during the forecast period”
The component in the data virtualization market includes standalone software, data integration solution, and application tool solution. The data integration solution component helps various organizations to optimize their strategy and operational efforts by providing a unified 360-degree view of data. Moreover, the data integration solutions are beneficial to integrate data from external and internal storage systems of organizations.

“Asia Pacific (APAC) is expected to witness the highest growth rate during the forecast period”
APAC is expected to grow at the highest CAGR in the global data virtualization market during the forecast period. Factors, such as rapid expansion of domestic enterprises, massive growth of data generation from all industries in this region, and higher development of infrastructure, are driving the data virtualization across different end-user segments. The North American region is expected to hold the largest market size during the forecast period.

The break-up of primary interviews is given below:
• By Company Type - Tier 1 – 20%, Tier 2 – 47%, and Tier 3 –33%
• By Designation – C-level – 47%, Director-level – 36%, and Others – 17%
• By Region – North America – 21%, Europe– 45%, APAC - 27%, and the Rest of the World (RoW)- 7%

Study Objectives:
The objective of the study is to define, describe, and forecast the global data virtualization market on the basis of components (standalone software, data integration solution, and application tool solution) deployment modes (cloud and on-premises), data consumer (Business Intelligence [BI] tools, enterprise applications, and mobile and web applications), enterprise size (large enterprises, and Small and Medium-sized Enterprises [SMEs]), end users (manufacturing, healthcare, Banking, Financial Services, and Insurance [BFSI], research and academia, media and entertainment, retail and eCommerce, government and defense, and telecom and IT), and regions.

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Top Key Players in the “Data Virtualization Market” include are International Business Machines Corporation (IBM; US), SAP SE (Germany), Informatica (US), Denodo Technologies (US), Oracle Corporation (US), TIBCO Software (US), Microsoft Corporation (US), Red Hat (US), SAS Institute (US), and Information Builders (US).

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