Data Fabric Market
The rapid advances in structured and unstructured company information across a variety of industries are expected to be a key driver of the data fabric market.
PORTLAND, PORTLAND, OR, UNITED STATE, July 12, 2023/EINPresswire.com/ — Allied Market Research published a new report, titled, ” The Global Data Fabric Market is Expected to Reach USD 4.54 Billion by 2026 | Top Players such as – NetApp, Splunk & Talend.” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
The data fabric market size was valued at USD 812.6 million in 2018, and is projected to reach USD 4,546.9 million by 2026, growing at a CAGR of 23.8% from 2019 to 2026.
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Rise in volume & variety of business data, rise in need for business agility & data accessibility, and mounting demand for real-time streaming analytics fuel the growth of the global data fabric market. By deployment, the on-premise segment garnered the major share in 2018. On the other hand, by region, Asia-Pacific is projected to register the fastest CAGR of 26.0% by 2026.
The data fabric market segmentation includes deployment, type, enterprise size, industry vertical, and region. Depending on deployment, the market is bifurcated into on-premise and cloud Based on type, it is categorized into disk-based data fabric and in-memory data fabric. On the basis of enterprise size, it is divided into small & medium enterprises and large enterprises. Depending on industry vertical, it is categorized into BFSI, telecommunications & IT, retail, healthcare, manufacturing, government, energy & utilities, media & entertainment, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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On the basis of type, the disk-based data fabric segment garnered the highest share in 2018, holding three-fifths of the global market. At the same time, the in-memory data fabric segment portray the fastest CAGR of 26.1% during the study period.
On the basis of deployment, the on-premise segment accounted for nearly two-thirds of the total market revenue in 2018, and is anticipated to rule the roost by the end of 2026. Simultaneously, the cloud segment would grow at the fastest CAGR of 26.9% throughout the forecast period.
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On the basis geography, North America accounted for more than two-fifths of the total market share in 2018, and is expected to lead the trail by 2016. The Asia-Pacific region, on the other hand, would manifest the fastest CAGR of 26.0% from 2019 to 2026. The report also analyzes the market across Europe and LAMEA.
The leading market players analyzed in the global data fabric market report include Talend, Global IDs., Hewlett Packard Enterprise Company, Splunk Inc., Denodo Technologies, IBM Corporation, Oracle Corporation, NetApp, SAP SE, and Software AG. These market players have adopted different strategies including partnership, expansion, collaboration, joint ventures, and others to reinforce their status in the industry.
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Impact of Covid-19 on Data Fabric Market:
● With adoption of “work-from-home” approach by organizations operating in the IT and other sectors during the lockdown, the demand for data fabric has been increased significantly.
● Many organizations have undergone digital transformation to ensure business continuity and avail data accessibility from anywhere. This augmented the implementation of data fabric technology.
● The healthcare sector has adopted this technology in a rapid pace to carry out remote monitoring and consultation of patients suffering various conditions as hospital and clinic visits have been restricted to extreme cases only.
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