The Global Data Fabric Market size is estimated to be USD 0.82 billion in 2019 and is predicted to reach USD 3.88 billion by 2030 with a CAGR of 15.6% from 2020-2030.
Data fabric is a single environment that consists of a unified architecture, technologies, or services, running on that architecture, helping organizations manage their data more efficiently. The goal of data fabric is to maximize that value of data in order to accelerate digital transformation. Data fabric connects to any data source through pre-packaged connectors, mitigating the need for coding. Further, data fabric also supports real-time data, and enable data sharing with external and internal stakeholders through API.
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Top Companies: IBM Corporation, NetApp, Inc. Oracle Corporation, SAP SE, Hewlett Packard Enterprise and others.
The global market for data fabric is segmented on the basis of offerings into solutions and services. Based on deployment, the global data fabric market is segmented into cloud and on-premise. Based on application, the market for data fabric is segmented into customer experience management, fraud detection, governance, risk management, business process management, and sales & marketing among others. Based on organization size, the market for data fabric is segmented into small & medium enterprise and large enterprises. Further, based on end-use industry, the data fabric market is segmented into BFSI, retail, public sector, healthcare, telecom, energy & power, media & entertainment, aerospace & defense and others. Based on type, the data fabric market is segmented into on-disk and in-memory. Moreover, based on region the data fabric has been segmented into North America, Europe, Asia Pacific, and Rest of the World.
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North America led the market for data fabric in 2019, and is expected to continue dominating the market in the coming years. The U.S. is the frontrunner in the growth of the data fabric market within the North American region. Widespread adoption of cloud technology in the U.S. is one of the major factors supporting the growth of the data fabric market in the country. The country has a strong IT infrastructure along with financial capacity to build a strong infrastructure that would support digital transformation and the adoption of advanced technologies such as AI and cloud computing. Europe followed North America in terms of market share.
Asia Pacific is expected to display the fastest growth rate during the forecast period, with China, Japan, and India leading the growth of the data fabric market in the region. India is attracting a lot of investments from foreign investors along with the government to boost up the IT infrastructure in the country.
The report provides insights on the following points:-
- Detailed overview of Data Fabric Market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
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