A recent report published by Infinium Global Research on the data fabric market provides an in-depth analysis of segments and sub-segments in the global as well as regional data fabric market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional data fabric market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global data fabric market. According to the report, the global data fabric market is projected to grow at a CAGR of 26.9% over the forecast period of 2019-2025.

Market Insight

Data fabric is a differentiated data management the platform that incorporates real-time and historical data in an effective manner. Data fabric is a software-enabled method that helps a business connects distinct storage resources, for instance, cloud and on-premises storage with data management and thereby restructures the latter. The exponential growth of structured and unstructured business data across numerous industry verticals in the recent past is likely to be a crucial driver of the data fabric markets over the projection period, in addition, the rapid progression from conventional techniques of data management (containing the transfer of data from a data, warehouse) toward new ones.

The outpouring in big data and data analytics is one of the foremost factors that drive the growth of the global data fabric market due to its capability to co-locate disparate data sources and deliver analytics on the data. In addition, with an upswing in need for business agility and data accessibility, there is an escalation in the adoption of data fabric platforms as it allows applications and tools to access data using a varied range of interfaces that a business has organized. On the other hand, the shortage of skilled workforce and lack of data fabric awareness are some of the factors that hinder the growth of the market to a certain extent. Besides, the rise in digitalization in developing economies across the world offers a lucrative opportunity for the data fabric market growth during the forecast period.

Additionally, the current concern over the spread of coronavirus is also expected to have a positive impact on the data fabric market. Data consumption is projected to witness a substantial escalation as a direct consequence of lockdowns enforced in several republics across the world to conflict the spread of the deadly novel coronavirus. Cloud-based services are estimated to witness a massive adoption during this pandemic, as organizations across the industries are vastly dependent on remote working. As the COVID-19 endemic sweeps the world, big data, and AI have developed as a vital tool for everything from diagnosis and epidemiology to therapeutic and vaccine development.

Among the geographies, North America region is expected to hold the largest share in the global data fabric market as countries such as the U.S. and Canada are the front-runners of the adoption of new technology. Further, factors such as the heavy investment in R&D of virtualization technologies and the significant presence of global vendors in this region is expected to be the crucial driving factors for the growth of the data fabric market. However, the Asia Pacific region is expected to reflect a significant growth rate by the end of the forecast period owing to the increasing adoption of the Internet of Things (IoT) and smart technologies. Moreover, the government initiatives to develop smart cities in developing countries such as China and India are projected to encourage the data fabrics market in this region.

Segment Covered

The report on the global data fabric market covers segments such as type, business application, deployment mode, and industry vertical. On the basis of type, the sub-markets include disk-based data fabric, and in-memory data fabric. On the basis of business application, the sub-markets include fraud detection and security management, customer experience management, governance, risk, and compliance management, business process management, sales and marketing management, and other applications. On the basis of deployment mode, the sub-markets include on-premise, and on-demand. On the basis of industry vertical, the sub-markets include telecommunication and it, retail and E-commerce, healthcare and life sciences, manufacturing, government, media and entertainment, energy and utilities, and other verticals.

Companies Profiled:

The report provides profiles of the companies in the market such as Global IDs, Inc., Denodo Technologies Inc., International Business Machines Corporation, SAP SE, Software AG, Splunk, Inc., Syncsort Inc., Talend S.A., Teradata Corporation, Hewlett Packard Enterprise Company, and Other companies.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of data fabric market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.