Data Fabric Market Outlook, In-depth Insights by Top Manufacturers, Dominant Sectors and Forecast -2028

According to The Insight Partners latest market study on "Data Fabric Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Deployment, Component, Solution, and End User," the market was valued at US$ 1,241.04 million in 2021 and is projected to reach US$ 2,466.12 million by 2028; it is expected to register a CAGR of 10.3% from 2021 to 2028. Growing internet usage and rising several connected devices, such as smartphones, laptops, tablets, and computers, directly increase the quantity and variety of business data. For instance, cameras and sensors are used for monitoring purposes and gather location data continuously. The increasing need for meaningful insights from the collected data fuels the adoption of data analytics among businesses

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The Key Players in The Global Market Are: 

Denodo Technologies
IBM Corporation
Informatica Corporation
K2View
NetApp, Inc.
Oracle Corporation
SAP SE
Software AG
Teradata
Hewlett Packard Enterprise Development LP (HPE)

The data fabric market has been segmented into deployment, component, solution, end user, and geography. Based on deployment, the market is bifurcated into on-premise and cloud. In 2020, the cloud segment led the data fabric market and accounted for a larger market share. In terms of component, the market is bifurcated into software and services. In 2020, the software segment accounted for a larger market share. Based on solution, the market is segmented into data discovery, data ingestion, data orchestration, fabric data access, data management, and fabric management.

The report segments the global Market as follows:

By Deployment

Cloud
On-Premises

By Component

Software
Services

By Solution

Data Discovery
Data Ingestion
Data Orchestration
Fabric Data Access
Data Management
Fabric Management

By End User

BFSI
IT & Telecom
Retail
Healthcare & Pharmaceuticals
Others

By Geography

North America
Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
South America (SAM)

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The number of internet users is increasing with the growing population. For instance, it has been observed that there are 4.66 million internet users present globally (59% of the global population). From this total, 92.6% (4.32 million) users access the internet through mobile devices. Denmark, Sweden, and the UAE are the few countries with the highest internet penetration rate. Further, till 2020, APAC had the largest number of online users with over 2.5 million and Europe ranked second with almost 728 million internet users. In 2020, China held the largest market share in the world, followed by India and the US. China has more than 854 million internet users and India has around 560 million online users

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The COVID-19 pandemic has been affecting most of the business globally. The continuous growth in the number of virus-infected patients compelled governments to put a bar on the transportation of humans and goods. The lockdown imposition has resulted in the lesser production of commodities, goods, and services. Manufacturing, automotive, semiconductor & electronics, oil & gas, mining, aviation, and other industries have witnessed a decline in their operations due to the temporary shutdown of activities. 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.

Answers that the report acknowledges:

Market size and growth rate during forecast period.
Key factors driving the Market.
Key market trends cracking up the growth of the Market
Challenges to market growth.
Key vendors of Data Fabric Market
Detailed SWOT analysis.
Opportunities and threats face by the existing vendors in Global Market>
Trending factors influencing the market in the geographical regions.
Strategic initiatives focusing the leading vendors.
PEST analysis of the market in the five major region

Contact Us:

If you have any queries pertaining to the report or would like further information, feel free to reach out to us at-

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1-646-491-9876

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This release was published on openPR.