Global Data Fabric Market Projected to Reach US$ 10.29 Billion by 2033: Key Trends and Opportunities Unveiled

Data Fabric Market

The data landscape is undergoing a revolutionary transformation, and at the forefront of this evolution is the Data Fabric Market. According to projections for 2023, the global data fabric market is poised to reach a substantial valuation of US$ 2.43 billion, exhibiting a remarkable Compound Annual Growth Rate (CAGR) of 15.54%. The market’s growth trajectory is expected to remain steadfast, with estimations indicating a monumental surge to US$ 10.29 billion by the year 2033.

The paradigm shift towards big data analytics has emerged as a driving force propelling the expansion of the global data fabric market. By facilitating the seamless integration and analysis of diverse data sources, data fabric solutions are empowering organizations with unparalleled insights.

This transformative technology has been heralded as a catalyst for enhanced business agility and data accessibility, addressing the burgeoning demand for dynamic decision-making.

For details on vendors and their offerings – Request a sample report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-17015

Attractive Market Opportunities

Demand for Data Availability and Company Speed has Increased.

Businesses choose big data solutions that organize data and provide instant access to information. The capabilities of big data platforms are gradually opening up new opportunities for sectors. Data accessibility has replaced the necessity for big data platform adoption with quick data accessibility solutions like data fabric.

Data fabric has grown in popularity because it provides a holistic strategy for handling data safely, effectively, and in a future-proof manner. This considerably enhances firm agility and data accessibility, spurring the global data fabric market expansion in the coming years.

Significant Market Constraint

Data Management is Inadequate

Data is an essential component of data-driven enterprises that perform a range of functions. The design rapidly connects data to corporate functional areas such as finance, human resources, sales, and operations, among others. Nevertheless, these linkages do not remember past data transactions. This bargain may be valuable for data scientists, business analysts, and machine learning developers.

The component required to include this information is absent from its design. The inability to directly manage data stored in the cloud limits the data’s visibility. The lack of visibility may have an impact on the governance and security of stored data, slowing the data fabric market development.

Regional Viewpoints

  • Due to the vast number of businesses offering data management solutions in the United States, North American region dominates the data fabric market. The region has reputation for being among the first to adopt cutting-edge ideas.
  • The presence of the majority of data centers and the growth in the collection of data from unorganized sources are the main factors influencing the United States data fabric industry.
  • The rapid transition to digitization and the rise in data centers are two reasons that can promote the use of the data fabric solution in Asia Pacific. The United States comes in first place globally for data center usage, followed by China. According to the analysis, China’s big data business may continue to grow steadily.

Ask an Analyst @
https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-17015

Key Takeaways

  • The solution sector is anticipated to garner an 81% revenue share by component segment, commanding the data fabric market in 2023.
  • In terms of deployment, the on-premises market group is estimated to prevail with a 62% data fabric sales share in 2023.
  • The disk-based sub-segment is likely to rule the data fabric type sector with a revenue share of more than 78.7% in 2023.
  • The large enterprise business section in the enterprise size category is likely to witness lucrative market share in 2023, with a revenue share for data fabric of more than 69.5%.
  • The fraud detection sector in the business application category had a strong revenue share for data fabric of nearly 27%.
  • In 2023, the BFSI sector is likely to get a strong income share of over 23% in the industry category.
  • North America data fabric industry is likely to record an income share of around 47% in 2023.
  • Asia Pacific data fabric industry is expected to have rapid expansion.

Innovating Data Management Technology and Services to Gain Market Share

The data fabric manufacturers work together to combine their technological know-how in analytics, cloud integration, and AI to give customers the best insights tailored to their needs. Similar to other firms, these are funding innovations and advancements to increase their market presence. A new product, service, or improvement to an existing product may be considered an innovation if it aims to satisfy data fabric demand and meet the demands of customers.

Launch

  • TIBCO Software Inc. unveiled TIBCO DQ in September 2021, along with updates to its Data Virtualization and Unify products. Organizations can build the agile tool on any cloud with the aid of this product. It also provides tools for AI and ML-powered automated detection and monitoring.

Agreement

  • BMW Group and NetApp Inc. signed a deal in December 2021 for the latter company to supply data infrastructure to the former. The company’s novel discoveries are accelerated by NetApp’s fabric.

Expand operations in the future – To get requisite details, ask for a custom report @
https://www.futuremarketinsights.com/customization-available/rep-gb-17015

Key Segments  

By Component

  • Solution
  • Services

By Deployment Type

  • On-premise
  • Cloud

By Type

  • Disk-based Data Fabric
  • In-memory Data Fabric

By Enterprise Size

  • Small and Medium Enterprise
  • Large Enterprise

By Business Applications

  • Fraud Detection and Security Management
  • Governance, Risk and Compliance Management
  • Customer Experience Management
  • Sales and Marketing Management
  • Business Process Management
  • Other Applications

By Industry

  • BFSI
  • Telecommunications & IT
  • Retail & Ecommerce
  • Healthcare
  • Manufacturing
  • Transportation & Logistics
  • Media & Entertainment
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these