Growth opportunities in the Data Fabric Market look promising over the next six years. This is mainly due to the emerging demand for business agility, providing opportunities to integrate and process data and rising volume and variegation of business data.
Data Fabric Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The augmenting extensiveness and diversity of business data, transpiring demand for business action, and the surging demand for real-time streaming analytics are some of the prominent drivers supplementing the growth of the global data fabric market. Also, these solutions and services provide enormous opportunities to incorporate and process the structured, semi-structured, and unstructured data sets. The emergence of disruptive technologies has expanded the variety and volume of data sets. The extensive implication of sensor, geo-location, machine, and data produced from different social media platforms has raised the apprehension towards storing and gaining knowledge. In accordance with the survey of Domo’s Eighth-Annual Data Never Sleeps graphic published in 2020, users spend USD 1 million online, make 1.4 million video and voice calls, forward 150,000 messages on Facebook, and watch 404,000 hours of video on Netflix every single minute of each day.
In addition, the widespread outbreak of the coronavirus pandemic has impelled organizations to discover new substitutes for quick recovery and attention towards an immediate need to acquire enough data during crisis times. Ernst & Young (EY) launched Business Resiliency Data Fabric that allows access to data wherever it is stored., Denodo, in 2020, introduced the Coronavirus Data Portal (CDP) to help alleviate the consequences of a novel COVID-19, which capitalizes data virtualization to unite important datasets originally exposed to different formats from various sources and countries and make the consolidated data available to the public. Applying the CDP and the data virtualization facilities of the Denodo Platform, pmOne established detailed reports and AI analysis, immaculately arranging all the information streams in the pmOne Share Cockpit. The collaboration of Denodo and pmOne offered the global community reliable and accurate data about COVID-19 that can be utilized to bring down new intelligence and minimize its influence. Grocery stores have acquired online ordering, schools and universities have shifted to 100% online lectures. Hence, these approaches have raised the volume and variety of business data, demand for business dexterity and data availability, and real-time streaming analytics are promoting market growth. However, the restraining factor curbing the market share is the complicated organizational culture, based upon storing and analyzing business data using conventional techniques, like data warehouses and data marts. Moreover, traditional systems with poor interfaces, insufficient documentation, and unskilled IT team are also hindering data fabric market share.
Data Fabric Market’s leading Manufacturers:
- Talend
- Software AG
- Oracle
- Informatica
- Global IDs.
- Splunk Inc.
- SAP SE
- NetApp
- IBM Corporation
- Denodo Technologies
Data Fabric Market Segmentation:
Segmentation by Component
- Software
- Services
- Managed services
- Professional services
- Consulting
- Integration
- Support and Maintenance
Segmentation by Data Fabric Type
- Disk-based data fabric
- In-Memory data fabric
Segmentation by Business Application
- Fraud Detection and Security Management
- Governance, Risk and Compliance Management
- Customer Experience Management
- Sales and Marketing Management
- Business Process Management
- Other
Segmentation by Deployment Mode
- Cloud
- On-premises
Segmentation by Organization Size
- Large enterprises
- Small and medium-sized enterprises (SMEs)
Segmentation by Vertical
- BFSI
- Telecommunications and IT
- Retail and E-Commerce
- Healthcare and Life Sciences
- Manufacturing
- Government
- Energy and Utilities
- Media and Entertainment
- Other
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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