Global Data Fabric Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Data fabric is an architecture concerned with creating a data vision for the enterprise and allows the delivery effort to be quantified. This consists of combined data services by providing consistent capabilities across a choice of endpoints enabling on premise and multiple cloud environment to accelerate digital transformation. Handling control over data residency from anywhere is enrolled as preferred technology architecture in data fabric.
Global Data Fabric Market Segments Size & Growth:
Global data fabric market is accounted for $0.65 million in 2017 and estimated to grow at a CAGR of 26.8% during the forecast period of 2019-2025 to reach $4.37 billion by 2025. The major factors propelling the growth of data fabric market are massive growth in industry verticals based on structured and unstructured data, rapid advancements in data management, proper Implementation of data fabric across various end users, the high requirement for real time running analytics, occurring acquirement for accessibility and business agility and integrating business data volume. However, a breakdown in legacy systems, lack of awareness of data fabric, insufficient skilled expertise and low range of investments in emerging technologies are the factors that would restrain the growth of the market. Rising concerns among customers, adoption of software based technologies, increasing deployment of cloud service, inclination towards returns on investments and advancements of in memory computing are expected to boost demand for data fabric market.
Global Data Fabric Market Segments Share:
By the component, the services segment is playing a
Global Data Fabric Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
dominant role as they reduce the efforts, summarise large data sets, helps organisations to save money & time and enabling employees to focus more on tasks. Based on deployment mode, data fabric market is classified into the cloud, and on premises. By organisation size, data fabric market is segmented into small and medium sized enterprises, large enterprises. From the segment of type, in memory data fabrics type represents the tremendous growth over the forecast period as this provides the most prior advantage that independent usage of in memory computing components with the integration of memory. Based on applications, fraud detection and security management is anticipated to grow over thee forecast period due to increasing immediate triggering actions, enables easy decision making and making easy of machine learning. In the end user segment, BFSI is holding the major share owing to accessing a large volume of data, enhancing customer experience and analysing the decision making process.
By Geography, North America accounted for the major share in the global data fabric market as the region is having a large presence of data fabric vendors, progressive innovation and rising investments in R&D. The Asia Pacific is expected to witness tremendous growth over the forecast period based on factors includes emerging major opportunities on investments, expanding digitalisation and presence of motivated government policies.
Global Data Fabric Market Segments Trends:
- In September 2018, Oracle Corporation introduced a new Oracle retail assortment to
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Global Data Fabric Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
engage the customers at the pace of fast fashion with new assortment and item planning cloud service with advanced analytics.
In October 2018, IBM Corporation announced a new cloud based community platform for cyber security applications on open federated technologies to analyse security data across previously unconnected tools.
Global Data Fabric Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinising the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major key data fabric market leaders are:
- Teradata Corporation
- Oracle Corporation
- Global IDS, Inc.
- IBM Corporation
- SAP SE
Along with these companies, there were many other companies considered/cited in the report while analysing the global data fabric market size. These companies hold substantial share is owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
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