Market Highlights
Market Research Future has published a recent study report on global data fabric market and states that the market would expand keeping a higher pace of CAGR during the forecast period by 2023. It is considered as a fortunate for the semiconductor industry that is gaining substantial growth in current time with lots of innovation and researches being done by key companies. The study report also dwells with the market’s segmentation, regional analysis, and top news coverage, which has grossed the market to reach its optimum level.
Overview
Data fabric is software that indulges data management and transfers conveniently. The consistent capabilities and services of the software enable it to get connected to cloud-technology, which simplifies and integrates data management. It is the cloud-technology that is accelerating the digital transformation, thereby stimulating the growth of the market. The invention of data fabric has served in various aspects, whether it is for data visibility and insights, data access and control or data protection and security.
Drivers and Restraints
Retailers are deploying disruptive technologies such as mobile, big data, wearable, virtual reality, sensors, and robotics. Growth in cloud space have compelled services operators to rearchitect its storage platform. The rearchitected storage was chosen to meet the demands of the services providers enterprise customers for high capacity, performance, durability, and availability, while still preserving their security posture of data storage and transfer. Data fabric is increasingly adopted as a rearchitect solution in form of infrastructure-as-a-service (IaaS) platform, due to its benefits such as flexibility, replication, scalability, and others. This is a major factor that fuels the growth of the global data fabric market during the forecast period. As data fabric can encompass a extensive variety of data sources on distinct locations the disposition of data fabric solutions for cloud data is anticipated to rise significantly in the coming years amid cloud service providers. This is anticipated to boost the data fabric market growth. With increase in need to make smart decisions on the basis of heterogeneous data analysis which is collected from a diversity of sources, such as smartphones, social networks, IoT devices, rich media, and transaction systems, BFSI are implementation innovative solutions that provide services at ease and speed. This has multiplied the demand for data fabric as it is proficient to fulfill the needs of modern applications, analytics, and operational use cases that integrates data from diverse sources such as files; tables; streams; logs; messaging; rich media, that is, audio and video, images, and containers. Furthermore, retail sector is expected to embrace the modern architecture functionality that provides scalable data analysis as the e-commerce activities are growing the volume of data silos generated by these activities. This in turn provides profitable opportunities for the players operating in the data fabric market trends.
Segmentation:
The global data fabric market can be segmented into type, application, services, and vertical.
In terms of type, this segment is further divided into disk-based and in-memory.
In terms of the application segment, the market is again classified into business process management, customer experience management, GRC (Governance, risk management, and compliance) management, fraud detection, and security management.
In terms of the services segment, it is further divided into managed and professional services.
In the last, the vertical segment is classified into healthcare, BFSI, automotive, retail and e-commerce, media and entertainment, and energy and utilities, and many more.
Regional Analysis:
Based on the region, the global data fabric market size has been studied under critical regions of North America, Europe, Asia Pacific, and Rest of the World (RoW).
Among these, the North America market leads the global data fabric market with covering a substantial growth in the areas of BFSI, military, and aerospace, retail, and e-commerce, healthcare, automotive, media, and entertainment.
The Europe market would attain a market value by 2022. Additionally, The Asia-Pacific market is going to face significant changes in the market with the factors of increasing technological and tremendous opportunities across industry verticals. The major countries that are showing substantial growth are India, China, and Japan and driving the growth of this market. Alibaba, China’s largest e-commerce and cloud services company and also outsourcing to cloud providers in the coming years.
Competitive Dashboard:
The prominent players in the global data fabric market are listed as SAP SE (Germany), Informatica (U.S.), Splunk Inc. (U.S.), Denodo (U.S.), Syncsort Inc. (U.S.), IBM Corporation (U.S.), Oracle Corporation (U.S.), Global DS (U.S.), Teradata Corporation (U.S.), K2 View (U.S.) and many more.
Industry News
June 18, 2019: Data authority for hybrid cloud announced new solutions and services that would allow customers to adopt and consume cloud services. In the same time, NetApp is delivering an authentic, seamless hybrid multicloud experience that includes the accessibility of NetApp Cloud Data Services on NetApp HCI. The ability to expand with determined storage across the major public clouds, and to manage, use, and pay for cloud services the way they want to is the main aim of the company.
