Data Fabric Market Trends set to witness Explosive growth by 2028

The Global Data Fabric Market is projected to grow at a CAGR of around 25.5% during the forecast period, i.e., 2023-28.

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Sep 9, 2024 - 12:19
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Data Fabric Market Trends set to witness Explosive growth by 2028

Global Data Fabric Market Overview:

According to MarkNtel Advisors study the Global Data Fabric Market is projected to grow at a CAGR of around 25.5% during the forecast period, i.e., 2023-28. Over the past few years, data generation has surged due to the increasing penetration of the internet and the revolution in the digital world. Companies are compelled to retain information and expertise from diverse distant sources. Therefore, providing quick access to the data over vast terrains creates several challenges for data management providers.

Key Findings of the Study: Data Fabric market

Growth Opportunity: Augmenting Demand for High Organizational Agility

Data fabric is gaining popularity as a result of its holistic approach to data handling in a secure, effective, and future-proof manner. Thus, high organizational agility and data accessibility are made possible, rapidly opening up new avenues for companies. Big data solutions are being used by businesses to organize data and give easy access to it. The market demand for data accessibility will have shifted from the installation of big data solutions to fast data accessibility designs, including data fabric, owing to the functionality of big data platforms, which is propelling the revenue growth of the market.

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Scope of the Data Fabric Market Report Segmentation

-By Type

  • Disk Based
  • In-Memory

-By Organization Type

  • Large Enterprise
  • Medium-Sized Enterprise
  • Small- Sized Enterprise
  • By Deployment Model
  • On-Premise
  • On- Demand

-By Components

  • Software
  • Services

-By Business Application

  • Fraud Detection and Security Management
  • Governance, Risk, and Compliance Management
  • Customer Service Management
  • Sales and Marketing Management
  • Business Process Management
  • Others

-By Industry Verticals

  • Banking, Financial Services and Insurance
  • Telecommunication and IT
  • Retail and E-Commerce
  • Healthcare and Life Sciences
  • Manufacturing
  • Government
  • Energy and Utilities
  • Media and Entertainment
  • Others

For more detailed information about the Data Fabric market report, click here – https://www.marknteladvisors.com/research-library/global-data-fabric-market.html

Geographical analysis:

-By Region

  • North America
  • South America
  • Asia-Pacific
  • Europe
  • Middle East & Africa

North America has been the focal point of the Global Data Fabric market, with many businesses providing data management solutions in the USA, for the past few years. It owes principally to the increased collection of unstructured data and the prevalence of data centers in the region, allowing North America to be at the forefront of adopting state-of-the-art technologies. Moreover, the growth of medium and large enterprises and the proliferation of digital technologies in the United States and Canada has increased the demand for data fabrics. The region's strong presence of local and foreign solution providers has also stimulated market expansion. Additionally, the rising number of smart homes and innovative city projects in the area will further boost market growth across the region.

Recent Developments in the Market

  • In March 2023, SAP SE Software AG announced SAP Datasphere, a comprehensive data service built on the SAP Business Technology Platform (SAP BTP) that facilitates every data professional to deliver seamless and scalable access to mission-critical business data.
  • In 2022, IBM announced new software to help enterprises break down data and analytics silos to facilitate them with data-driven decisions and enable them to navigate unpredictable disruptions quickly. This aligns with IBM's vision to help clients build a data fabric architecture that simplifies data integration.

Current Landscape of Data Fabric Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Data Fabric market. The research report profiles major players, including

Customization of Reports Available - https://www.marknteladvisors.com/query/request-customization/global-data-fabric-market.html     

  • Denodo Technologies
  • Global IDS
  • IBM Corporation
  • Informatics
  • NetApp Inc
  • Oracle Corporation
  • SAP SE
  • Software AG
  • Splunk, Inc.
  • HP Enterprise Company
  • Others

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