Press release
Data Fabric Market Expansion Continues, with Forecast Valuation of $8.9 Billion by 2029
Data Fabric
Data Fabric Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of the data fabric sector has seen significant expansion in the past few years. The sector is anticipated to expand from $2.73 billion in 2024 to $3.35 billion in 2025, reflecting a compound annual growth rate (CAGR) of 22.9%. The previous period of growth can be traced back to the need for real-time data, initiatives for digital transformation, data governance and compliance, rising data volumes, and data complexity.
Data Fabric Market Size Forecast: What's the Projected Valuation by 2029?
The market size of data fabric is projected to undergo substantial growth in the forthcoming years, rising to $8.9 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 27.6%. The forecast period's growth can be credited to enhanced data security practices, the integration of graph databases, amplified data management, rapid data expansion across various industries, and data mesh architecture. Other emerging trends for the forecast period include the adoption of hybrid and multi-cloud systems, data integration and compatibility, real-time data processing and analysis, self-regulated data management, metadata management, cataloging and the incorporation of edge computing.
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What Are the Drivers Transforming the Data Fabric Market?
The surge in cloud computing needs is anticipated to fuel the data fabric market's expansion in the future. Cloud computing, a mechanism that provides assorted computing services via the internet, is employed by organizations and individuals for investing in and managing tangible hardware and software infrastructure. The usage of data fabric in cloud computing ensures data security and compliance through enforcement of encryption, access controls, and auditing of data across cloud services. For instance, Google LLC, a technology company based in the US, reported in January 2023 that 76% of individuals utilized public cloud in 2022, marking a 56% rise from 2021. Hence, the escalating demand for unstructured data is accelerating the expansion of the data fabric market.
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What Long-Term Trends Will Define the Future of the Data Fabric Market?
Advancements in technology are continually influencing the data fabric market. Better and enhanced products are being developed and introduced through these new technologies, leading to increased customer satisfaction. Take for instance, the US software enterprise, Microsoft, in May 2023, rolled out Microsoft Fabric. This integrated analytics platform is designed to consolidate various data management and analytical requirements. Microsoft Fabric simplifies various operations, including data integration, data science, and real-time analytics, all driven by AI technology. The platform gives users the ability to transform and interpret data effortlessly and provides more than 150 connectors for a wide range of data sources, thereby greatly improving the efficiency and accessibility of data within organizations.
Which Segments in the Data Fabric Market Offer the Most Profit Potential?
The data fabricmarket 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
Subsegments:
1) By Disk-Based Data Fabric: Traditional Disk Storage Solutions, Hybrid Disk Storage Solutions
2) By In-Memory Data Fabric: In-Memory Computing Solutions, Real-Time Data Processing Solutions
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Which Firms Dominate the Data Fabric Market by Market Share and Revenue in 2025?
Major companies operating in the data fabric market include 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, Rubrik Inc., Nutanix Inc., data. world Inc.
Which Regions Offer the Highest Growth Potential in the Data Fabric Market?
North America was the largest region in the data fabric market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data fabric market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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