The latest report on Data Fabric Market by Infinium Global Research gives complete coverage of the Data Fabric Market by type (disk-based, and in-memory data fabric), business application (fraud detection and security, sales and marketing management), deployment mode (on-premise), industry vertical (telecommunication and it, retail and ecommerce, healthcare) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Data Fabric such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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The Growing Volume and Variety of Business Data Will Augment the Growth of the Data Fabric Industry
Data fabric is a diversified data management platform that helps organizations to integrate different data management processes such as data access, data orchestration, data discovery, data ingestion, data analytics, and data visualization. It integrates real-time and historical data in an efficient manner. It accelerates digital transformation by simplifying and integrating data management across the cloud and on-premise.
The growing volume and variety of business data will augment the growth of the data fabric market. A study estimated that the amount of global data subject to data analysis will be 5.2 zettabytes by 2025. The rising demand for real-time streaming analytics led to the expansion of the data fabric market. Further, the increasing need for business agility and accessibility drives the growth of the data fabric market.
The expansion of unstructured and structured business data across various industry verticals in the past complements the growth of the data fabric market. Additionally, the growth of the data fabric market is highly influenced by the implementation of data fabric solutions in various sectors such as health care, retail & e-commerce, telecommunication and banking, and financial services and insurance. The Cloudera Data Platform (CDP) is the world’s first enterprise data cloud that perfectly embodies the big data fabric reference architecture in a single platform.
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The Growing Amount of Data Generated Through E-Commerce Led to Increased Demand for Data Fabric
The growing amount of data generated through e-commerce led to increased demand for data fabric. E-commerce accumulates the data from customer’s social media activity, geolocation services, abandoned online shopping carts, and web browser histories. Analysis of this data gives e-commerce companies a unique advantage leveraging the demand for data fabric. In addition, the rising need for real-time analytics drives the expansion of the data fabric market. The increasing adoption of software-based technologies stimulates the development of the data fabric market. On the flip side, the lack of awareness about data fabrics hampers the growth of the data fabric market. Moreover, the rising adoption of cloud and technological development creates numerous opportunities in the global data fabric market.
Geographically, the global data fabric market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to hold a premium share in the global data fabric market. Huge investments in research and development for virtualization technologies led to the development of the data fabric market in North America. Asia-Pacific region has a significant growth rate in the global data fabric market owing to the increasing adoption of the Internet of Things and smart technologies. Additionally, growing government initiatives to develop smart cities in China and India led to the growth of the data fabric market. Europe has a healthy CAGR in the global data fabric market over the forecast period owing to rising volume and variety of business data in the region.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Data Fabric.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.