Summary:
A New Study Title “Data Fabric Market Size, Status And Forecast 2027” Has Been Featured On Market Research Future.
Market Analysis

The data fabric market will touch USD 2 billion at a healthy 18% CAGR in the forecast period 2018- 2023, according to the new Market Research Future (MRFR) analysis. Data fabric, simply put, is a software approach for data management and movement. It offers a constant set of services and capabilities that span a choice of application ecosystems and endpoints connected across the on-premises and cloud. Data fabric helps to simplify and integrate data management across on-premise and cloud to accelerate digital transformation. This software delivers integrated and consistent hybrid cloud data services for data insights and visibility, data protection and security, and data access and control.

Various factors are fuelling the global data fabric market size. As per the recent MRFR market estimates, such factors include growth in the processing and commutation techniques, increasing internet technology, upswing in cloud based organizations, growing demand for real-time streaming analytics, emerging need for business agility and accessibility, increasing volume and variety of business data, positive ROI, advancement of in-memory computing, increasing use during the COVID-19 pandemic, and increasing adoption of cloud. Besides, increase in virtualization of network infrastructure is one of the data fabric market trends.

On the contrary, lack of integration with legacy systems, lack of awareness about data fabric, lack of insufficiently skilled workforce, and disinclination towards investment in new technologies may limit the global data fabric market share over the forecast period.

Market Segmentation
The MRFR report throws light on an inclusive segmental analysis of the global data fabric market based on vertical, services, application, and type.

By type, the global data fabric market is segmented into in-memory and disk-based. Of these, the disk-based segment will lead the market over the forecast period.

By application, the global data fabric market is segmented into security management, fraud detection, GRC (Governance, risk management, & compliance) management, customer experience management, and business process management. Of these, the fraud detection segment will dominate the market over the forecast period.

By services segment, the global data fabric market is segmented into professional services and managed services.

By vertical, the global data fabric market is segmented into energy and utilities, media and entertainment, retail and e-commerce, automotive, BFSI, healthcare, and others. Of these, the BFSI segment will spearhead the market over the forecast period.

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Regional Analysis
By region, the global data fabric market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America and the Rest of the World (RoW). Of these, North America will have the lions share in the market. Technological advances, early adoption of data management systems, heavy investments in research and development of virtualization technologies, the significant presence of global vendors, rapid industrialization, increasing adoption of data fabric in different applications, presence of prominent players, and increasing investments by manufacturers and government for new technologies is adding to the global data fabric market growth in the region. The US holds the utmost market share.

The global data fabric market in the APAC region is predicted to have healthy growth over the forecast period. Increasing technological adoption, huge opportunities across industry verticals in Japan, China, and India, increasing adoption of smart technologies and internet of things, government initiatives to develop smart cities in China and India, rapid industrialization, increasing technological advances in South Korea, Japan, Australia, India, and China, and increasing digitalization are adding to the global data fabric market growth in the region.

The global data fabric market in Europe is predicted to have favorable growth over the forecast period and that in RoW is predicted to have sound growth over the forecast period.

Key Players
The notable players profiled in the global data fabric market report include K2 View (U.S.), Teradata Corporation (U.S.), Global DS (U.S.), Oracle Corporation (U.S.), IBM Corporation (U.S.), Syncsort Inc. (U.S.), Denodo (U.S.), Splunk Inc. (U.S.), Informatica (U.S.), and SAP SE (Germany).

Industry Updates
March 2021- GT Software has joined hands with Denodo on connections to mainframe data sources.

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