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Data Fabric Market to Witness Huge Growth by Key Players: Denodo Technologies, Global IDs, IBM, Informatica, NetApp and more.
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The global Data fabric market size to grow from USD 1.0 billion in 2020 to USD 4.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 26.3% during the forecast period.
The COVID-19 pandemic has forced businesses to find new alternatives for speedy recovery and attention to the urgent need to access enough data in crisis times. Disparate data stores hamper the efforts of business leaders to make fully informed decisions. Using a modern data architecture approach called data fabric, Ernst & Young (EY) developed Business Resiliency Data Fabric that enables access to data wherever it lives.
Top Key Players Profiled in the Data Fabric Market:
• Denodo Technologies (US)
• Global IDs (US)
• IBM Corporation (US)
• Informatica (US)
• NetApp (US)
• Oracle Corporation (US)
• SAP SE (Germany)
• Software AG (Germany)
• Splunk (US)
• Talend (US)
• Dell Technologies (US)
• HP Enterprise (US)
• Teradata Corporation (US)
• TIBCO Software (US)
• Precisely (US)
• Idera (US)
• Nexla (US)
• Stardog (US)
• Gluent (US)
• Starburst Data (US)
• HEXstream (US)
• QOMPLX (US)
• CluedIn (Denmark)
• Iguazio (Israel)
• Cinchy (Canada)
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“The software segment to have largest market size during the forecast period”
The data fabric market has been segmented based on components into software and services. Data fabric makes the movement of data between cloud, storage systems, and data centers smoother, with low latency contributing to the adoption of data fabric software. The services segment, on the other hand, has been bifurcated into consulting services, support and maintenance, and education and training services.
“In-memory data fabric segment to have the highest CAGR during the forecast period”
Based on type of data fabric, the market has been segmented into disk-based data fabric and in-memory data fabric. The adoption of in-memory data fabric is expected to increase significantly in the coming years, owing to the reduction of costs that arise due to the storage and analysis of huge amounts of data.
“Fraud detection and security management segment to account for largest market size during the forecast period”
The data fabric market, by business application, comprises fraud detection and security management; governance, risk and compliance management; customer experience management; sales and marketing management; business process management; and other applications including supply chain management, asset management, and workforce management.
Breakdown of primary participants’ profile:
• By Company: Tier I: 34%,Tier II: 43%, and Tier III: 23%
• By Designation: C-Level Executives: 50%, D-Level Executives: 30%, and Managers: 20%
• By Region: APAC: 30%, Europe: 30%, North America: 25%, MEA: 10%, Latin America: 5%
Reason to access this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Data Fabric market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
#Customization Service of the Report:
The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall data fabric market and its sub segments. It would help stakeholders understand the competitive landscape and gain more insights better to position their business and plan suitable go-to-market strategies.
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