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The Global Data Fabric Market To Record a Growth of 26.3% CAGR Throughout the Forecast Period Due to Growing Volume of Company Data

03-20-2023 12:11 PM CET | IT, New Media & Software

Press release from: Extrapolate

The Global Data Fabric Market To Record a Growth of 26.3% CAGR

A set of data services that offer resources to various endpoints is referred to as data fabric. These resources are distributed across several on-premises cloud infrastructures.

At a predicted CAGR of 26.3% throughout the forecast period, the global data fabric market is expected to increase from USD 1.14 billion in 2021 to USD 5.4 billion by 2030. The global market for data fabrics is developing significantly as a result of the expanding volume and diversity of corporate data as well as the rising demand for business accessibility and agility. Additionally, the rising need for real-time streaming analytics could fuel market growth.

๐†๐ž๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ@ https://www.extrapolate.com/sample/Information-Technology-Communication-IoT/data-fabric-market/25784

๐“๐ก๐ž ๐ƒ๐š๐ญ๐š ๐…๐š๐›๐ซ๐ข๐œ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ฌ ๐ก๐ข๐ ๐ก๐ฅ๐ฒ ๐œ๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐š๐ง๐ ๐๐จ๐ฆ๐ข๐ง๐š๐ญ๐ž๐ ๐›๐ฒ ๐š ๐Ÿ๐ž๐ฐ ๐ฅ๐š๐ซ๐ ๐ž ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž:
-IBM Corporation
-Oracle
-Hewlett Packard Enterprise Development LP
-SAP
-NetApp
-TIBCO Software Inc.
-Talend
-Informatica
-Denodo Technologies
-Neo4j, Inc.

The term "data fabric" refers to a group of data services that provide resources to numerous endpoints. These resources are dispersed throughout numerous on-premises cloud environments and infrastructures. Data fabric unifies data placement, data management, file data analysis, and service-level specification all in one place. A standardized and complete cloud data service is provided by the service for data access, data insights, security, and visibility.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Œ๐จ๐ซ๐ž ๐ƒ๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐–๐ข๐ญ๐ก ๐“๐Ž๐‚@ https://www.extrapolate.com/Information-Technology-Communication-IoT/data-fabric-market/25784

In 2021, the solution segment dominated the data fabric market and accounted for the greatest global revenue share. The segment is likely to keep the bulk of the market for the duration of the projected period. The development of business data management can be linked to a surge in use of data fabric platforms. The architecture also enables corporate agility by removing the barriers brought on by data silos and enabling real-time streaming analytics.

Throughout the projected period, it is anticipated that the services sub-segment will increase exponentially. Market participants offer their clients qualified services. Due to real-time connectivity, self-service, automation, and widespread business transformations, traditional data integration cannot meet the expectations of today's organizations. Although many businesses are able to collect data from many sources, they frequently struggle to integrate, process, curate, and convert it, which is anticipated to spur the growth of the data fabric industry.

Along with the overall growth in connected devices, the volume and diversity of business data they produce has also grown. Cameras and sensors are frequently utilized to continuously scan the area and collect location data. As a result, the demand for businesses to obtain actionable insights from acquired data has considerably increased, spurring commercial adoption of data analytics.

๐“๐ก๐ž ๐ƒ๐š๐ญ๐š ๐…๐š๐›๐ซ๐ข๐œ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐œ๐š๐ง ๐›๐ž ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ž๐ ๐ข๐ง๐ญ๐จ ๐ฌ๐ž๐ฏ๐ž๐ซ๐š๐ฅ ๐œ๐š๐ญ๐ž๐ ๐จ๐ซ๐ข๐ž๐ฌ, ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ข๐ง๐ :

๐๐ฒ ๐“๐ฒ๐ฉ๐ž
-Disk-based
-In-memory

๐๐ฒ ๐ƒ๐ž๐ฉ๐ฅ๐จ๐ฒ๐ฆ๐ž๐ง๐ญ
-On-premises
-Cloud

๐๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง
-Fraud Detection & Security Management
-Governance
-Risk & Compliance Management
-Customer Experience Management
-Sales & Marketing Management
-Business Process Management
-Others

It is the responsibility of data fabric, a commonly used framework for analytics intrusion, to manage and integrate data from several sources into a unified environment. Therefore, during the course of the forecast period, growth in the global market will be fueled by rising big data analytics usage and the demand for analytics.

โ— The Data Virtualization and Unify products, as well as a new solution called TIBCO DQ, were updated by TIBCO Software Inc. in September 2021. Agile technology deployment on any cloud is made easier for businesses by the software. For automated detection and monitoring, it also provides machine learning (ML) and artificial intelligence (AI) capabilities.

๐„๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ@ https://www.extrapolate.com/enquire/Information-Technology-Communication-IoT/data-fabric-market/25784

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
-North America- U.S., Mexico, Canada
-Europe- UK, France, Germany, Italy, Spain, Rest of Europe
-Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
-South America- Brazil, Argentina, Colombia, Rest of South America
-The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa

North America dominates the global market for data fabrics due to the existence of numerous data management service providers in the country. Additionally, the area is well known for being among the first to accept modern technology. The US industry is being driven primarily by the presence of the bulk of data centers and the increasing volume of unstructured data being collected.

Asia Pacific is predicted to have the fastest forecast growth. Due to the rise in data centers and the rapid transition to digitalization, the solution may be utilized throughout Asia Pacific. After the United States, China is the country with the second-largest global adoption of data centers. According to the survey, the big data sector in China is likely to grow steadily over the next few years.

The data fabric companies are collaborating with one another with the goal of fusing their technological know-how in analytics, AI, and cloud-based solutions to provide customers with superior insights tailored to their needs. These companies, like others, are investing in new technologies and advances to expand their market share. A new product, new service, or an improvement to an existing product may be started in order to generate market demand and satisfy customer or partner demands.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:
Extrapolate
Phone: (+1) 888 328 2189
E-mail: talk@extrapolate.com
Website: https://www.extrapolate.com
Blog: https://www.extrapolate.com/blog

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ

Extrapolate bridges the gaps in information with the latest reports published across industries and geographies, covering minute details to put the power of decision-making in your hands. Our focus is to help our partners grow with the power of Insight.

In a connected world, merely being informed is not enough, the speed of information dissemination is a crucial determinant of success. Our team of dedicated subject matter experts and research specialists deep dive into the most complex markets and produce insights that will help shape the way your business moves forward. Our research process harnesses the latest in technology and the best SMEs to build relevant reports that can future-proof your business.

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