Data Fabric Market
Which drivers are expected to have the greatest impact on the over the data fabric market’s growth?
The surge in the need for cloud computing is anticipated to drive the expansion of the data fabric market in the future. Cloud computing refers to a technology that facilitates the provision of various computing services via the internet used by organizations and individuals to undertake investments and manage physical hardware and software facilities. Data fabric is utilized by cloud computing for ensuring data security and compliance through the enforcement of encryption, access controls, and data auditing across different cloud services. For example, in January 2023, Google LLC, a technology company based in the U.S., stated that 76% of individuals had utilized the public cloud in 2022, marking a jump of 56% from 2021. Consequently, the escalating demand for unstructured data is propelling the growth of the data fabric market.
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What is the future CAGR of the data fabric market, and how will it impact industry expansion?
The expansion of the data fabric market has been substantial in the past few years. The market’s valuation is set to increase from $2.73 billion in 2024 to $3.36 billion in 2025, displaying a compound annual growth rate (CAGR) of 23.2%. Factors such as the need for real-time data, digital transformation efforts, adherence to data governance and compliance, escalation in data volumes and data intricacy have driven the growth in this historical timeframe.
It is anticipated that the data fabric market will witness a rapid surge in size over the upcoming years, expanding to $8.98 billion in 2029, boasting a compounded annual growth rate (CAGR) of 27.8%. Key factors fueling this anticipated growth during the forecast period are superior data protection strategies, leveraging graph database integration, enhanced data administration, and the rapid expansion of data within different industries, and utilization of data mesh frameworks. Future trends over the forecast timeline encompass increased adoption of hybrid and multicloud technologies, enhanced integration and interoperability of data, real-time data analysis and processing, providing self-service for data administration, the management and cataloging of metadata, along with the incorporation of edge computing.
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What are the most significant trends transforming the data fabric market today?
The data fabric market is being influenced by advancements in technology. There is a constant evolution of new technologies and upgraded products that cater to the customers’ needs more effectively. For example, in May 2023, Microsoft, a software company from the US, introduced a platform named Microsoft Fabric. This all-inclusive analytics platform was developed to integrate various data management and analytic requirements. It collates multiple workloads such as data integration, data science, and real-time analytics, all boosted by AI. Microsoft Fabric provides a facility for users to convert and visualize data smoothly, as well as over 150 connections for a variety of data sources, thus improving the efficiency and accessibility of data throughout organizations.
Which key market segments comprise the data fabric market and drive its revenue growth?
The data fabric market covered in this report is segmented –
1) By Type: Disk-Based Data Fabric, In-Memory Data Fabric
2) By Component: Software, Service
3) By Application: Fraud Detection And Security Management, Customer Experience Management, Governance, Risk, And Compliance Management, Sales And marketing Management, Business Process Management
4) By End User: Banking, Financial Services, And Insurance (BFSI), Information Technology (IT) And Telecom, Retail, Healthcare And Pharmaceuticals, Manufacturing, Government
Subsegments:
1) By Disk-Based Data Fabric: Traditional Disk Storage Solutions, Hybrid Disk Storage Solutions
2) By In-Memory Data Fabric: In-Memory Computing Solutions, Real-Time Data Processing Solutions
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What regions are at the forefront of data fabric market expansion?
North America was the largest region in the data fabric market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data fabric market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the data fabric market?
Major companies operating in the data fabric market include Denodo Technologies Inc., IBM Corporation, Informatica Software Company Inc., NetApp Inc., Oracle Corporation, SAP SE, Software AG Group, Splunk Inc., Talend S. A., Dell Technologies Inc., Hewlett-Packard Enterprise Company, Teradata Corporation, TIBCO Software Inc., VMware Software Private Limited., K2View LLC., Precisely Holdings LLC., CluedIn ApS., Idera Inc., Nexla Inc., QOMPLX Inc., Starburst Data Inc., Stardog Union Inc., Trifacta Inc., Atlan Pte. Ltd., Cloudera Inc., Hitachi Vantara LLC, Rubrik Inc., Nutanix Inc., data. world Inc.
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What Is Covered In The Data Fabric Global Market Report?
•Market Size Forecast: Examine the data fabric market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the data fabric market for a structured understanding.
•Key Players Overview: Analyze major players in the data fabric market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the data fabric market.
•Segment Contributions: Evaluate how different segments drive overall growth in the data fabric market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the data fabric market.
•Industry Challenges: Identify potential risks and obstacles affecting the data fabric market.
•Competitive Landscape: Review strategic developments in the data fabric market, including expansions, agreements, and new product launches.
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