Press release
A Guide to Global Public Cloud Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2023-2032
The global Data Fabric Market size was valued at USD 1.56 billion in 2022, and is projected to reach USD 7.57 billion by 2032 at a CAGR of 28.5% from 2022 to 2032. Data fabric refers to an architecture that enables organizations to integrate, manage, and access data across different platforms, locations, and formats. It provides a unified view of data and allows for seamless data sharing and collaboration between different applications, systems, and users. The data fabric market is expected to grow significantly in the coming years. The massive shift to digitization has resulted in the emergence of volatile new data sources. This has created a devastating problem for companies managing huge amounts of data. For example, as students around the world switched to online learning tools in 2020, Blackboard Inc. saw an explosion in daily log volumes overnight. As a result, many companies are integrating data management architectures into their workflow systems to handle the exponential data growth caused by the COVID-19 pandemic. As a result, companies around the world have quickly started deploying solutions to accelerate their digital transformation. Safe and robust data is essential for proper business operations and successful outcomes. Organizations can ensure data safety by complying with global regulations that protect sensitive customer data. According to the Consumer Intelligence series:According to the Trusted Tech Report, 80-90% of customers in countries such as the US, Canada, China, India and the UK are looking for more trusted companies to protect their privacy. Therefore, it has become imperative for companies around the world to deploy more secure data management tools. A data fabric is a well-structured architecture that provides additional protection against unauthorized access and data misuse. Its ecosystem ensures reliable data management by providing a secure framework. Additionally, implementing machine learning and artificial intelligence solutions into your architecture will improve your operational capabilities. In December 2021, identity integration organization Radiant Logic introduced RadiantOne Intelligent Identity Data Platform as an identity data fabric to power security and compliance capabilities.
Therefore, the various data security features of this solution increase the market share of data structures. Digital transformation and the introduction of online platforms have accelerated the data generation process. Enterprises store data and the insights they derive from it in various distributed sources. Therefore, data management providers face various challenges in providing fast access to data in these distributed environments. Highly distributed and diverse business data sets complicate data management and integration.
According to the 2018 Data and Analytics Adoption Trends Study, companies plan to automate 49% of data integration and 37% of data preparation tools by 2020. Therefore, the data and analytics industry is investing in advanced technologies to support their data management strategies. This has increased the demand for deploying artificial intelligence or machine learning based architectures. New tools and technologies help enable complex data use cases. His ability to accelerate the design of data and analytics and provide a transparent decision-making flow drives the company's need for survival.
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Market Segmentation:
Component: This segment can be further divided into software and services.
Deployment: This segment can be further divided into cloud and on-premise.
Organization size: This segment can be further divided into small and medium-sized enterprises (SMEs) and large enterprises.
Vertical: This segment can be further divided into BFSI, healthcare, government and defense, retail and e-commerce, IT and telecom, and others.
Key Players:
IBM Corporation
Informatica LLC
SAP SE
Oracle Corporation
Talend Inc.
Denodo Technologies
Syncsort Incorporated
Global IDS Inc.
Hewlett Packard Enterprise (HPE)
NetApp, Inc.
VMware, Inc.
Teradata Corporation
Cloudera, Inc.
Dell EMC
Cisco Systems, Inc
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Regional Analysis:
North America currently dominates the data fabric market in terms of revenue and market share. This is due to the high adoption of cloud computing, big data analytics, and digital transformation initiatives in the region. The presence of several leading data fabric vendors in the region is also contributing to its dominance in Data Fabric Market. In addition, North America is home to several major industries such as BFSI, healthcare, and IT and telecom, which are significant users of data fabric solutions. The region also has a well-established IT infrastructure, which enables the adoption of advanced technologies such as data fabric. However, the Asia Pacific region is expected to grow at the highest rate in the coming years due to the increasing adoption of cloud computing and big data analytics in the region. The region is also witnessing significant digital transformation initiatives and the rise of IoT and edge computing, which are driving the demand for data fabric solutions.
Global Data Fabric Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
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Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
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Analytics Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
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