The expansion of the Data Fabric Market is being driven by the increasing volume and variety of corporate data as well as the developing needs for business accessibility and agility.
JERSEY CITY, N.J., Oct. 12, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Data Fabric Market" By Type (In-Memory Data Fabric, Disk-Based Data Fabric), By Component (Software, Service), By Application (Fraud Detection And Security Management, Customer Experience Management), By Industry (Banking, Financial Services, And Insurance (BFSI), Telecommunications And IT), and By Geography.
As per the deep research carried out by Verified Market Research, the global Data Fabric Market size was valued at USD 1.25 Billion in 2022 and is projected to reach USD 11.54 Billion by 2030, growing at a CAGR of 26.8% from 2023 to 2030.
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Browse in-depth TOC on "Data Fabric Market"
202 - Pages
126 - Tables
37 - Figures
Global Data Fabric Market Overview
Data services that provide resources across a variety of endpoints are referred to as data fabrics. These assets cover both a multi-cloud setup and an on-premise cloud environment. Data placement, file analysis, management, and service-level specification are all consolidated by data fabric. To acquire data access, security, insights, and visibility, the service offers integrated and consistent cloud data services. It is an effective architecture that harmonises data management procedures and requirements across cloud, on-premises, and edge devices. One of the many advantages that a data fabric offers is data visibility and insights, data access and control, data protection, and security. A data fabric's fundamental component is an integrated, secure, adaptable, and adaptive data architecture.
The expansion of the Data Fabric Market is being driven by the increasing volume and variety of corporate data as well as the developing needs for business accessibility and agility. The Data Fabric Market may be fueled by the rise in demand for real-time streaming analytics. The industry is also being driven by a rise in the use of cloud-based technology, which enables tools and apps to access data using a variety of interfaces that a company has put in place. Growing mobile data and cloud computing traffic, as well as increased research into and uptake of technologies like artificial intelligence (AI) and the internet of things, are all contributing to the demand for big data analytics tools (IoT).
Key Developments
- In December 2021, NetApp announced a strategic partnership with Kyndryl, the world's largest IT infrastructure services provider to deliver critical enterprise data infrastructure to BMW Group.
- In November 2020, IBM announced new capabilities for IBM Cloud Pak for Data. The updated version will empower companies to drive innovation across their expanding environments and accelerate their digital transformations. It will run on Red Hat OpenShift, as a result, it can be deployed and managed in any cloud environment.
Key Players
The major players in the market are Informatica Corporation, Global IDs, IBM Corporation, Denodo Technologies, NetApp, Oracle Corporation, SAP SE, Talend, Software AG.
Verified Market Research has segmented the Global Data Fabric Market On the basis of Type, Component, Application, Industry, and Geography.
- Data Fabric Market, By Type
- In-Memory Data Fabric
- Disk-Based Data Fabric
- Data Fabric Market, By Component
- Software
- Service
- Data Fabric Market, By Application
- Fraud Detection and Security Management
- Customer Experience Management
- Governance, risk, and Compliance Management
- Sales and Marketing Management
- Business Process Management
- Others
- Data Fabric Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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