The global data fabric market size was US$ 1,251.2 million in 2021. The global data fabric market is forecast to grow to US$ 10,151.0 million by 2030 by registering a compound annual growth rate (CAGR) of 24.1% during the forecast period from 2022 to 2030.
A framework for managing mixed data is called data fabric. Data fabric successfully mixes both current and past data. It is a software-enabled strategy that enables enterprises to link significant storage resources with data management, including on-premises and cloud storage.
COVID-19 Impact Analysis
Industries such as banking, financial services, and insurance (BFSI), retail, manufacturing, healthcare, and education are facing crucial challenges due to the disturbance in the supply chain, production plants, and limitations on in-house staff capacity. Thus, remote working options and digital transformation have significantly changed in response to pandemic situations. To offer flexible payment plans for mortgages and loans, banks have turned to remote sales. In many places, schools have switched to entirely online instruction and digital classrooms. With the help of elastic regulation, doctors have begun providing telemedicine. A significant rise in the demand for data accessibility, and business agility, has potentially strengthened the scope of the data fabric market. Thus, the COVID-19 pandemic positively affected the data fabric market.
Regional Analysis
Asia Pacific is forecast to dominate the data fabric market due to the rising IT spending capability of the developing countries like India, China, Japan, etc. Further, the rising deployment of advanced technologies is expected to boost the growth of the Asia-Pacific data fabric market forward during the study period.
Factors Influencing the Market
The volume and diversity of business data generated by the proliferation of connected devices have expanded correspondingly. For instance, sensors and cameras are used to track location and continuously monitor space. As a result, organizations now have a much greater need to get valuable insights from the collected data, which in turn is driving the use of data analytics across businesses.
Data fabric is frequently used as an addition to the analytics framework, which is in charge of managing and integrating data from various sources in a single environment. As a result, during the projected period, the use of big data analytics will grow significantly.
Big data solutions that curate data and offer immediate access to information are preferred by businesses. Data accessibility has replaced the necessity for big data platforms with quick data accessibility architectures like data fabric. Moreover, the market is expected to experience potential opportunities because data fabric offers a comprehensive strategy to handle data safely. As a result, it will boost the growth of the data fabric market during the study period.
Competitors in the Market
• Denodo Technologies
• Global IDs Inc.
• Hewlett Packard Enterprise Development LP
• International Business Machines Corporation
• NetApp, Inc.
• Oracle Corporation
• SAP SE
• Software AG
• Splunk Inc.
• Talend S.A.
• Other Prominent Players
Market Segmentation
By Deployment Outlook
• On-Premises
• Cloud
By Type Outlook
• Disk-based Data Fabric
• In-memory Data Fabric
By Enterprise Size Outlook
• Small and Medium Enterprises
• Large Enterprises
By Industry Vertical Outlook
• BFSI
• Telecommunications & IT
• Retail & Ecommerce
• Healthcare
• Manufacturing
• Government
• Energy & Utilities
• Media & Entertainment
• Others
By Region
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America