Global Data Fabric Market Growth 2024, Forecast To 2033
19 Feb, 2024
The data fabric market has experienced exponential growth, rising from $2.24 billion in 2023 to $2.78 billion in 2024, exhibiting a 24.3% CAGR. This growth is attributed to real-time data requirements, digital transformation initiatives, data governance, increasing data volumes, and data complexity. Anticipating sustained expansion, the market is forecasted to reach $6.95 billion in 2028, driven by advanced data security measures, graph database integration, augmented data management, and the proliferation of data in industries.
Global Data Fabric Market Key Driver
The rising demand for cloud computing is expected to drive the growth of the data fabric market. Cloud computing, delivering various computing services over the internet, utilizes data fabric to maintain data security and compliance. According to Google LLC, 76% of people used the public cloud in 2022, marking a 56% increase from 2021. This surge in demand for unstructured data is a key factor contributing to the growth of the data fabric market.
Get A Free Sample Of The Global Data Fabric Market ReportGlobal Data Fabric Market Segments
The data fabric market covered in this report is segmented –
1)By Type: Disk-Based Data Fabric, In-Memory Data Fabric
2)By Component: Software, Service
3)By Application: Fraud Detection And Security Management, Customer Experience Management, Governance, Risk, And Compliance Management, Sales And Marketing Management, Business Process Management
4)By End User: Banking, Financial Services, And Insurance (BFSI), Information Technology (IT) And Telecom, Retail, Healthcare And Pharmaceuticals, Manufacturing, Government
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the data fabric market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data fabric market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Data Fabric Industry Players
Denodo Technologies Inc.; IBM Corporation; Informatica Software Company Inc.; NetApp Inc.; Oracle Corporation; SAP SE; Software AG Group; Splunk Inc.; Talend S. A.; Dell Technologies Inc.; Hewlett-Packard Enterprise Company; Teradata Corporation; TIBCO Software Inc.; VMware Software Private Limited.; K2View LLC.; Precisely Holdings LLC.; CluedIn ApS.; Idera Inc.; Nexla Inc.; QOMPLX Inc.; Starburst Data Inc.; Stardog Union Inc.; Trifacta Inc.; Atlan Pte. Ltd.; Cloudera Inc.; Hitachi Vantara LLC; MapR Technologies Inc.; Rubrik Inc.; Nutanix Inc.; data. world Inc.
Get The Full Global Data Fabric Market Report
Data Fabric Market Overview
Data fabric refers to a set of data services that handle data using a network-based architecture instead of point-to-point connections. It is a powerful architecture, which monitors and manages the data and applications, regardless of location. Data fabric is used for data management, which helps to integrate data from various sources and analyse it seamlessly in one place. It is widely used by organizations to provide a comprehensive view of business and customers across an organization through disparate data sets in real-time and historical, and finally processes automatically in an efficient way.
Data Fabric Global Market Report 2023 provides data on the global data fabric market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The data fabric market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.