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Data Fabric Market Strategies 2024-2033 - Size, Growth Analysis, Outlook, Overview
Data Fabric Market
The Business Research Company offers in-depth market insights through Data Fabric Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The data fabric market size has grown exponentially in recent years. It will grow from $2.24 billion in 2023 to $2.78 billion in 2024 at a compound annual growth rate (CAGR) of 24.3%. The growth in the historic period can be attributed to real-time data requirements, digital transformation initiatives, data governance and compliance, increasing data volumes, data complexity..
The data fabric market size is expected to see exponential growth in the next few years. It will grow to $6.95 billion in 2028 at a compound annual growth rate (CAGR) of 25.7%. The growth in the forecast period can be attributed to advanced data security measures, graph database integration, augmented data management, exponential data growth in industries, data mesh architecture.. Major trends in the forecast period include hybrid and multi-cloud adoption, data integration and interoperability, real-time data processing and analytics, self-service data management, metadata management and cataloging, edge computing integration..
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Market Segmentation:
The data fabric market covered in this report is segmented -
1) By Type: Disk-Based Data Fabric, In-Memory Data Fabric
2) By Component: Software, Service
3) By Application: Fraud Detection And Security Management, Customer Experience Management, Governance, Risk, And Compliance Management, Sales And Marketing Management, Business Process Management
4) By End User: Banking, Financial Services, And Insurance (BFSI), Information Technology (IT) And Telecom, Retail, Healthcare And Pharmaceuticals, Manufacturing, Government
Major Driver - Cloud Computing Soaring Demand Fuels Growth In The Data Fabric Market
The rising demand for cloud computing is expected to propel the growth of the data fabric market going forward. Cloud computing is a technology that enables the delivery of various computing services over the internet and is used by organizations and individuals to invest in and manage physical hardware and software infrastructure. Cloud computing uses data fabric to maintain data security and compliance by enforcing encryption, access controls, and data auditing across cloud services. For instance, in January 2023, according to Google LLC, a US-based technology company, 76% of people used the public cloud in 2022, an increase of 56% from 2021. Therefore, the rising demand for unstructured data is driving the growth of the data fabric market.
Competitive Landscape:
Major companies operating in the data fabric market report are Denodo Technologies Inc., IBM Corporation, Informatica Software Company Inc., NetApp Inc., Oracle Corporation, SAP SE, Software AG Group, Splunk Inc., Talend S. A., Dell Technologies Inc., Hewlett-Packard Enterprise Company, Teradata Corporation, TIBCO Software Inc., VMware Software Private Limited., K2View LLC., Precisely Holdings LLC., CluedIn ApS., Idera Inc., Nexla Inc., QOMPLX Inc., Starburst Data Inc., Stardog Union Inc., Trifacta Inc., Atlan Pte. Ltd., Cloudera Inc., Hitachi Vantara LLC, MapR Technologies Inc., Rubrik Inc., Nutanix Inc., data. world Inc.
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Top Trend - Technological Advancements Reshaping The Data Fabric Market
Technological advancements are shaping the data fabric market. New technologies are launched and products are advanced to provide better and more efficient products to the customers. For instance, in October 2021, NetApp, Inc., a US-based hybrid cloud data services and data management company that offers cloud data services for the management of applications and data both online and physically, announced new features and enhancements to help businesses upgrade existing IT infrastructure and boost digitalization by delivering new secure ways to consume and operate data services on-premises and in the cloud. These features include enhanced data services, ONTAP data management software enhancements, and more flexible consumption options.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Data Fabric Market Characteristics
3. Data Fabric Market Trends And Strategies
4. Data Fabric Market - Macro Economic Scenario
5. Data Fabric Market Size And Growth
…..
27. Data Fabric Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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