0

Data Fabric Market is Expected to Reach $4,546.9Million by 2026

 
2022
Data Fabric Market

Report Code : A05865

quote North America dominated the data fabric market in 2018, and is projected to remain dominant during the forecast period. Asia-Pacific registered highest CAGR and is further expected to witness significant rise over the forecast period, owing to growing trend of big data analytics adoption and increase in number of cloud services providers from this region. Among the deployment type, cloud segment dominates the overall market due to high adoption of data fabric solutions for cloud-based data management. quote

Makarand Sinnarkar
Research Analyst, ICT at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a recent report published by Allied Market Research, titled, "Data Fabric Market by Deployment, Type, Enterprise Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026," the data fabric market size was valued at $812.6 million in 2018, and is projected to reach $4,546.9 million by 2026, growing at a CAGR of 23.8% from 2019 to 2026.

Data fabric is a converged platform with an architecture and set of data services that provision diverse data management needs to deliver accurate IT service levels across unstructured data sources and infrastructure types. In the digital transformation era, data analytics has become a vital process that allows seamless flow of information and enables new customer touchpoints through technology.  Therefore, data fabric has emerged as an innovative opportunity to enhance business agility.

Growth in cloud space have compelled services providers to rearchitect its storage platform. The rearchitected storage was opted to meet the demands of the services providers enterprise customers for high capacity, durability, performance, and availability, while still preserving their security posture of data storage and transfer. Data fabric is highly adopted as a rearchitect solution in form of infrastructure-as-a-service (IaaS) platform, owing to its benefits such as flexibility, scalability, replication, and others. This is a major factor that drives the growth of the global data fabric market during the forecast period.

Based on deployment, the cloud segment dominated the overall data fabric market in 2018, and is expected to continue this trend during the forecast period. This is attributed to rise in number of cloud deployment across the globe among various industry verticals as a scalable and on-demand data storage option. As data fabric can encompass a wide variety of data sources on disparate locations the deployment of data fabric solutions for cloud data is expected to rise significantly in the coming years among cloud service providers. This is expected to boost the data fabric market growth.

Banking, financial services, and insurance (BFSI) is a dominating sector in terms of technological adoption to gain highest competitive advantage. With rise in need to make smart decisions on the basis of heterogeneous data analysis which is gathered from a variety of sources, such as smartphones, IoT devices, social networks, rich media, and transaction systems, BFSI are embracing innovative solutions that deliver services at ease and speed. This has proliferated the demand for data fabric as it is capable to fulfill the needs of modern analytic, applications, and operational use cases that incorporates data from diverse sources such as files; tables; streams; logs; messaging; rich media, i.e., images, audio and video, and containers. Moreover, retail sector is expected to embrace the modern architecture functionality that offers scalable data analysis as the e-commerce activities are increasing the volume of data silos generated by these activities. This in turn creates lucrative opportunities for the players operating in the data fabric market trends. 

Key Findings of the Data Fabric Market :

  • By deployment, the cloud segment dominated the data fabric market. However, the On-premise segment is expected to exhibit significant growth during the forecast period in the data fabric industry.
  • Based on type, the disk-based data fabric segment accounted for the highest revenue dominated the data fabric market share in 2018.
  • Depending on enterprise size, the large enterprises generated the highest revenue in 2018. However, small and medium enterprises segment is expected to witness considerable growth in the near future.
  • Based on industry vertical, the BFSI segment generated the highest revenue in 2018. However, manufacturing is expected to witness considerable growth in the near future.
  • Region wise, Asia-Pacific is expected to witness significant growth in terms of CAGR in the upcoming years.

Some of the major players profiled in the data fabric market analysis include Denodo Technologies, Global IDs., Hewlett Packard Enterprise Company, IBM Corporation, NetApp, Oracle Corporation, SAP SE, Software AG, Splunk Inc., and Talend. Major players operating in this market have witnessed high growth in demand for cross-platform data management solutions especially due to growing disparate data sources in digital era. 
 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Data Fabric Market by Deployment (On-premise and Cloud), Type (Disk-based Data Fabric and In-memory Data Fabric), Enterprise Size (Small and Medium Enterprises and Large Enterprises), and Industry Vertical (BFSI, Telecommunications & IT, Retail, Healthcare, Manufacturing, Government, Energy & Utilities, Media & Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Nov 2024

Plush Toy Market

Download Sample

Buy Full Version
"Data Fabric Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers