Data Fabric - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Data Fabric market is accounted for $1.00 billion in 2020 and is expected to reach $5.66 billion by 2028 growing at a CAGR of 24.2% during the forecast period. Some of the key factors propelling the market growth include increasing volume and variety of business data, growing demand for real-time streaming analytics, rising usage of structured, semi-structured, and unstructured data for analysis, growing need for business accessibility and agility, increasing variety and volume of business data sets day by day owing to evolution of smart and digital technologies, and increasing demand for data fabric to detect fraud and security threats. However, lack of awareness about data fabric is restricting the market growth.
Data fabric can be defined as a collection of data services which offers resources across an array of endpoints. These resources span both multiple as well as an on-premises cloud environment. Data fabric aggregates data placement, file data analysis, data management, as well as service level definition. The service offers integrated as well as consistent cloud data service to obtain data access, security, as well as data insights and visibility. It delivers consistent and integrated hybrid cloud data services for data visibility and insights, data access and control, and data protection and security. Moreover, data fabric provides a comprehensive view of business and customer across an organization.
By deployment mode, the on-premises segment is expected to grow at the significant rate during the forecast period, due to the ease of using only the functionalities without knowing the implementation. Industries susceptible to data losses, data privacy, and security breaches prefer on-premises deployment of data management solutions contributing to the higher adoption of on-premises deployment mode.
On the basis of geography, North America region is estimated to have considerable market growth during the forecast period, owing to rapid digitalization across industry verticals, increasing adoption of IoT-enabled technologies, and technological advancements are fueling the adoption of data fabric in North America. State-of-the-art infrastructure, high funding opportunities, widespread customer base across several industries, and availability of a highly-skilled workforce have been major contributors in this region to the innovation and early adoption of various technologies such as big data and related technologies, analytics, and IoT. U.S. is expected to retain its dominance for the data fabrics market at the end of forecast period.
Some of the key players in Data Fabric Market include Netapp, Inc., Dell Technologies, Hewlett Packard Enterprise Development Lp, Denodo Technologies, Oracle Corporation, IBM Corporation, SAP SE, VMware, Inc., Informatica Corporation, Tibco Software, Teradata Corporation, Global Ids, Omron Corporation, Talend SA, Syncsort Inc., and Splunk Inc.
Data Fabric Types Covered:
• In-Memory Data Fabric
• Disk-Based Data Fabric
Deployment Modes Covered:
Sales Channels Covered:
• Direct Sales
Organization Sizes Covered:
• Small and Medium-Sized Enterprises (SMEs)
• Large Enterprises
• Data Orchestration
• Data Discovery
• Fabric Data Access
• Data Ingestion
• Fabric Management
• Data Management
• Governance, Risk and Compliance Management
• Sales and Marketing Management
• Fraud Detection and Security Management
• Business Process Management
• Customer Experience Management
• Data Lineage
• Metadata Management
• General Data Protection Regulation (GDPR) Data Discovery
• Other Applications
End Users Covered:
• Telecommunications and Information Technology (IT)
• Media and Entertainment
• Retail and Electronic (E)-Commerce
• Energy and Utilities
• Healthcare and Life Sciences
• Government & Defense
• Public Sector
• Banking, Financial Services and Insurance (BFSI)
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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