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Data Fabric Market Expected to Witness a Sustainable Growth Over 2031 | Hewlett Packard Enterprise Development LP, International Business Machines Corporation
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A data fabric is a platform that allows organizations to collect, process, and manage data from a variety of sources. A data fabric can be used to support a variety of data-driven applications, including analytics, machine learning, and artificial intelligence. A data fabric can be deployed on-premises, in the cloud, or in a hybrid environment.
Key Companies
The Data Fabric Market includes players such as Denodo Technologies, Global IDs Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corporation, NetApp, Inc., Oracle Corporation, SAP SE, Software AG, Splunk Inc., and Talend S.A.
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Key Trends
There are four key trends in data fabric technology:
1. Scalability: Data fabrics are designed to scale horizontally, making them ideal for big data applications.
2. Flexibility: Data fabrics are highly flexible, allowing for a wide range of data types and formats to be integrated.
3. Security: Data fabrics offer a high degree of security, ensuring that data is protected from unauthorized access.
4. Real-time: Data fabrics offer real-time data processing, making them ideal for time-sensitive applications.
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Key Drivers
There are a few key drivers for Data Fabric market:
1) The need for faster and easier data access: Data is becoming more and more distributed, making it difficult to access all the data that is needed for analysis. Data Fabric provides a unified platform that allows for easy access to data from multiple data sources.
2) The need for better data management: With the increasing volume of data, it is becoming difficult to manage data effectively. Data Fabric provides a centralized platform for data management, making it easier to govern and manage data.
3) The need for improved data security: With the increasing number of data breaches, it is important to have a platform that provides better data security. Data Fabric provides a secure platform for data storage and management.
4) The need for better scalability: As data volumes continue to grow, it is important to have a platform that can scale easily. Data Fabric provides a scalable platform that can easily handle increasing data volumes.
Market Segments
The global Data Fabric Market is segmented on the basis of deployment, type, enterprise size, and region. Depending on deployment, the market is bifurcated into on-premise and cloud. Based on type, it is categorized into disk-based data fabric and in-memory data fabric. On the basis of enterprise size, it is divided into small & medium enterprises and large enterprises. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
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