Data Fabric Solutions Poised for Widespread Adoption
The data fabric market is gaining strong momentum as organizations aim to improve data management and ensure insights keep pace with distributed environments created by cloud, IoT, edge, and 5G.
Industry Latest News
According to Market Research Future (MRFR), the data fabric market size is projected to grow from $1.9 billion in 2021 to $8.687 billion by 2032, a CAGR of 18.40%. Key growth factors include rising data volumes and the need for business agility and insights.
Leading providers like Denodo, Global IDs, IBM, and NetApp are enhancing product portfolios. For example, in October 2022 – Oracle launched a unified data fabric platform combining data warehouse, lakehouse, and analytics capabilities tailored for Oracle Cloud Infrastructure.
Market Opportunities
The retail vertical is primed for data fabric adoption to enable real-time consumer insights that span vital touchpoints – e-commerce, POS, inventory and supply chain. Healthcare is another key segment with the potential to harness vast, siloed data assets into holistic patient views.
As multi-cloud environments become the norm, integrating data across public clouds is another opportunity where data fabrics can abstract complexity. Serverless data fabric architecture is an emerging trend that provides low-code/no-code access to data in the moment it’s needed.
Get a Sample PDF of the Report at:
https://www.marketresearchfuture.com/sample_request/4873
Market Segmentation
- By component – the solutions segment accounts for the largest market share as core integration, analytics, and governance capabilities are packaged data products. Services follow to support implementation and management.
- By business application – data security leads with data fabrics securing data across complex hybrid environments. Data analytics and BI follow as driving end goals.
- By deployment mode – cloud-based data fabrics lead with the ability to connect distributed resources. Hybrid models are followed to enable cloud and on-prem connectivity.
- By industry vertical – Banking and financial management are top adoption, but telecom and healthcare also emerging high-growth segments.
Key Companies
Leaders in the data fabric competitive landscape include:
- Informatica – Provides the Intelligent Data Management Cloud powered by its Cloud Data Integration solution.
- Global IDs – Leading pure-play data fabric vendor offering the Global Data Fabric product.
- IBM – Brings an InfoSphere-based data fabric approach tying analytics capabilities with data abstraction.
- Oracle – Recently launched Oracle Unity looks to be the basis for a comprehensive cloud data fabric.
- SAP – Integration capabilities with SAP Data Intelligence can be leveraged for data fabric strategies.
Regional Insights
North America leads adoption today given its concentrated presence of major tech vendors and cloud data center infrastructure. However, APAC will see strong growth with rising demand in China, ANZ, and Southeast Asia markets. Europe is led by Western European nation maturity. Latin America, MEA, and Eastern Europe represent emerging regional opportunities.
Browse More Related Reports:
Hyperloop Technology Market Research Report- Forecast 2030
Video Streaming Market Research Report- Global Forecast 2030
Augmented Reality (AR) Market Research Report- Global Forecast till 2030
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Also, we are launching “Wantstats” the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
About The Author
