This report provides exclusive insights into the COVID-19 impact on the Data Fabric Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Data Fabric Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Data Fabric Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
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.