Data Fabric Market 2022

Industry Size, Regions, Emerging Trends, Growth Insights, Opportunities, and Forecast By 2030

Data Fabric Market by Component (Software and Services), by Deployment (On-Premises and Cloud), by Type (Disk-based Data Fabric and In-memory Data Fabric), by Enterprise Size, by Industrial Vertical, by Region – Global Share and Forecast to 2030

Region: Global | Format: Word, PPT, Excel | Report Status: Ongoing

Description

According to the Market Statsville Group (MSG), the global data fabric market size is expected to grow from USD 1,261.2 million in 2021 to USD 10,166.0 million by 2030 at a CAGR of 26.1% from 2022 to 2030. Data fabric is a mixed data management platform that effectively combines real-time and historical data. It is a software-enabled approach that helps businesses connect substantial storage resources (such as on-premises and cloud storage) with data management. The recent development of organized and unstructured business data across various industry verticals is likely to be an essential driver of the data fabric market over the forecast period. Execution of data fabric solutions in various sectors such as retail & e-commerce, telecommunication & banking, health care, and financial services & insurances and the growing demand for real-time running analytics are driving factors for the data fabric market. The deficiency of concern among customers is likely to drive the data fabric market over the next few years. The adoption of software-based technologies is predicted to create additional scope for the market's growth over the forecast period. Big Data Fabrics is predicted to ease and remote the analysis process, thereby stemming valuable insights out of the vast volume of data.

COVID-19 Impact on the Global Data Fabric Market

COVID-19 pandemic has badly impacted industries across nations. Industries such as banking, financial services, and insurance (BFSI), retail, manufacturing, healthcare, and education are facing crucial challenges due to the disturbance in the supply chain, production plants, limitations on in-house staff capacity, and delayed customer service. Thus, there is a considerable shift in remote working solutions and digital transformation amid pandemic crises. Banks have switched to remote sales and service teams and launched digital outreach to users to make flexible payment arrangements for mortgages and loans. Grocery stores have transferred to online ordering and home delivering as their main business. Schools have moved to 100% online learning and digital classrooms in many locales. Doctors have started delivering telemedicine, aided by elastic regulation. These approaches have appeared in the increase in volume and types of business data, the increase in requirement for data accessibility, business agility, and rising demand for real-time streaming analytics, contributing to the growth of the data fabric market.

Scope of the Global Data Fabric Market

The study categorizes the Data Fabric Market based on deployment, type, enterprise size, and industry verticals at regional and global levels.

By Deployment Outlook (Revenue, USD Million, 2017-2030)

  • On-Premises
  • Cloud

By Type Outlook (Revenue, USD Million, 2017-2030)

  • Disk-based Data Fabric
  • In-memory Data Fabric

By Enterprise Size Outlook (Revenue, USD Million, 2017-2030)

  • Small and Medium Enterprises
  • Large Enterprises

By Industry Vertical Outlook (Revenue, USD Million, 2017-2030)

  • BFSI
  • Telecommunications & IT
  • Retail & Ecommerce
  • Healthcare
  • Manufacturing
  • Government
  • Energy & Utilities
  • Media & Entertainment
  • Others

By Region Outlook (Revenue, USD Million, 2017-2030)

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • Poland
    • Russia
    • Slovenia
    • Slovakia
    • the Netherlands
    • Belgium
    • Norway
    • Denmark
    • Czech Republic
    • Sweden
    • Rest of Europe
  • The Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand
    • Vietnam
    • the Philippines
    • Singapore
    • Australia & New Zealand
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Northern Africa
    • Rest of MEA

The cloud-based deployment segment is accounted for the highest market share, by deployment

Based on the deployment, the market is divided into on-premises and cloud. The cloud segment dominated the data fabric market in 2021 and is expected to carry on with this trend during the forecast period. Data fabric architecture holds data sources that reside at disparate locations; therefore, it is broadly used to integrate cloud-based data sources. This is one of the main factors that is predicted to drive the growth of the global market during the forecast period.

Asia Pacific accounts for the highest CAGR during the forecast period

Asia Pacific is the fastest growing region in the data fabric market. The growth in IT spending capability of the developing countries in the Asia-Pacific to stay competitive in the global market has significantly increased the region's growth. Further, the growing adoption of advanced technologies across the region boosts the market’s growth. The major countries in APAC that are technology-driven and present great opportunities in terms of investments and revenue include India, Australia, Japan, China, and South Korea. This is the major driving factor for adopting Data fabric software in APAC.

Key Market Players in the Global Data Fabric Market

Recent Developments

  • In April 2022, Privitar made a strategic partnership with Denodo. The companies aim to advance modern data provisioning and place safe data at the core of any data mesh and logical data fabric charged by data virtualization.
  • In November 2021,  Nasdaq announced the launch of Data Fabric, a managed data solution to help investment management firms scale their data infrastructure with enhanced quality, governance, and integrity.
  • In August 2021, EY and Microsoft Corp. announced the expansion of their strategic relationship to further align EY’s business ingenuity with Microsoft’s cloud technologies to design long-term value for their specific clients with an incremental US$ 15 billion growth opportunity over the next five years. The increased collaboration will launch new solutions and platforms that aid organizations in addressing business and societal challenges at scale through digital transformation.
  • In October 2020, Reformulary Group, a Canadian healthcare company, announced that it had entered into a partnership with Cinchy to automate and enhnace the management and collection of data.

Key Issues Addressed

  • What is the market size by various segmentation of the data fabric by region and its respective countries?
  • What are the customer buying behavior, key takeaways, and Porter's five forces of the data fabric Market?
  • What are the key opportunities and trends for manufacturers involved in the data fabric supply chain?
  • What are the market's fundamental dynamics (drivers, restraints, opportunities, and challenges)?
  • What and how are regulations, schemes, patents, and policies impacting the market's growth?
  • What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
  • The market player positioning, top winning strategies by years, company product developments, and launches will be?
  • How has COVID-19 impacted the demand and sales of data fabric in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
  • Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.

Frequently Asked Questions

  • Key Issues Addressed
  • What is the market size and growth rate for different segmentations at a global, regional, & country level?
  • What is the customer buying behavior, key takeaways, and Porter's 5 forces of the market?
  • What are the key opportunities and trends for manufacturers involved in the supply chain?
  • What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
  • What and how regulations, schemes, patents, and policies are impacting the growth of the market?
  • How will existing companies adapt to the new change in technology?
  • The market player positioning, top winning strategies by years, company product developments, and launches will be?
  • How has COVID-19 impacted the demand and sales of in the market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
  • Who are the leading companies operating in the market? Also, who are the prominent startups that disrupt the market in coming years?
  • PUBLISHED ON: Dec, 2022
  • BASE YEAR: 2022
  • STUDY PERIOD: 2019-2033
  • COMPANIES COVERED: 15
  • COUNTRIES COVERED: 24
  • NO OF PAGES: 189

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