Uploaded on Apr 2, 2020
The global data fabric market is expected to grow at a CAGR of 18% over the forecast period
Data Fabric Market
Market Highlights
Market Research Future (MRFR), in its recently published report, asserts that the global data fabric
market 2020 is lucrative and expected to grow exponentially over the review period, recording a
substantial market valuation and a healthy 18% CAGR in the forecast period.
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 is analyzed based on application, type, vertical, services, and region.
On basis of type, the market is bifurcated into disk-based and in-memory. The application segment
is further classified into customer experience management, business process management, GRC
(risk management, Governance, and compliance) management, fraud detection, and security
management. The services segment of the market is bifurcated into managed and professional
services. The vertical segment is further classified into BFSI, automotive, healthcare, media and
entertainment, retail and e-commerce, and energy and utilities, others.
Regional Overview
The geographical analysis of the global data fabric market has been conducted in four major
regions, comprising the Asia Pacific, North America, Europe, and the rest of the world (Latin
America, the Middle East and Africa).
The technological developments and early adoption of data management systems in North America
is likely to lead the market. The data fabric market in Asia Pacific is expected to grow rapidly over
the forecast period. Increasing technological adoption and several opportunities across industry
verticals in APAC countries, especially China, India, and Japan are the major driver of the market.
Competitive Synopsis
The key market players operating in the global data fabric market as identified by MRFR are SAP SE
(Germany), Splunk Inc. (U.S.), Informatica (U.S.), Denodo (U.S.), Syncsort Inc. (U.S.), IBM
Corporation (U.S.), Teradata Corporation (U.S.), Oracle Corporation (U.S.), Global DS (U.S.), and K2
View (U.S.). The competitive scenario of the data fabric market is highly competitive due to the
increasing adoption of new technologies and market entrants.
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