The Global Data Fabric Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global Data Fabric market which consists of global, region-wise market size, market forecast, CAGR market segmentation, market share of types of data fabrics, organization size, deployment mode, components, business applications, industry verticals, etc.
According to MarkNtel Advisors’ research report titled “Global Data Fabric Market Analysis, 2020”, the market size of the Data Fabric market across the globe is forecast to grow at the CAGR of 25.50% during 2020-25. The major factors contributing to the growth of the Global Data Fabric market are the increasing digitalization across various industries, an escalating volume of business data, and surging demand for real-time streaming analytics. Also, the IoT, AI and ML technology adoption is resulting in a large volume of data, due to which the demand for and market size of data fabric is growing globally. However, the COVID-19 pandemic impacted the market negatively as numerous organizations, including manufacturing and other industries had to halt the operations due to the lockdown and curfew.
|Study Period||Historical Data: 2015-19|
|Base Year: 2019|
|Forecast Period: 2020-25|
|Regions Covered||North America|
|Middle East & Africa|
|Unit Denominations||USD Million/Billion|
Furthermore, the escalating need for data visibility, accessibility, management, and real-time data analytics is further augmenting the market size of the Data Fabric market. However, the lack of awareness about the data fabrics among end-users is acting as a market growth hindrance in the industry.
Asia-Pacific to Grow with the Highest CAGR in Forthcoming Years
In 2019, North America acquired the major market share in the Global Data Fabric market. The surging number of medium and large enterprises along with growing inclination toward the digital technologies in countries such as the U.S and Canada is resulting in the need for data fabrics. Also, the presence of numerous local and foreign solution providers in the region is one of the key factors contributing to the growth of the Data Fabric market.
However, APAC is expected to grow at the highest CAGR during the forecast period on an account of increasing industrial automation. Moreover, the surging number of a smart house and smart city projects in the region would further augment the market growth of the data fabric industry.
Fraud Detection and Security Management to Capture Major Market Share
In 2019, fraud detection and security management acquired the major market share in 2019 owing to the rising inflow and outflow of business data. Moreover, the increasing digitalization across industries such as banking and financial services, healthcare, education, retail, and e-commerce resulting in large volume data, which is extremely confidential for an organization for analytics purposes. Therefore, the market share of fraud detection and security management is surging with the escalating digitalization.
Also, the banking, financial services, and insurance sector captured the major market share in 2019 owing to the surging e-banking services in the BFSI sector. Moreover, the complexity and importance of data generated from each transaction generated the demand for data fabrics. Furthermore, increasing focus on customer services, risk and compliance management by the banking and financial sector would further augment the Data Fabric market in the forecast period as well.
Based on data fabric type, the disk-based type accounted for the major market share in 2019 on an account of the growing need for data simplification and integration to accelerate digital transformation. Furthermore, the services segment captured major market share in 2019, owing to the escalating need for consultation, support, and maintenance along with the education and training.
The major demand for the data fabric is emerging from large enterprises due to the continuous rise in the volume of data daily in these firms. Therefore, the large enterprise segment was the major market shareholder in 2019. Also, the on-premise deployment is majorly contributing to the Data Fabric market due to increasing globalization and expansion of industries which creates the need for data accessibility from any geographical area, as stated in the MarkNtel Advisors’ research report “Global Data Fabric Market Analysis, 2020”.
According to MarkNtel Advisors, the availability of numerous local and foreign players across the countries makes the global industry highly competitive. The key players with a considerable share in the industry are Denodo Technologies, Global IDS, IBM Corporation, Informatics, NetApp Inc, Oracle Corporation, SAP SE, Software AG, Splunk, Inc., Syncsort, Talend S.A, VMware Inc, HP Enterprise Company, Teradata Corporation, K2View, etc.
The players are launching new solutions and doing strategic alliances to gain a competitive advantage in the industry
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation, and Statistics
Global Data Fabric Market Outlook, 2015-2025F
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Data Fabric Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Global Data Fabric Market during 2020-25?
A. The Global Data Fabric Market is expected to grow at a CAGR of 25.50% during 2020-25.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that North America will dominate the market with a majority market share, and market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating the Global Data Fabric market?
A Denodo Technologies, Global IDS, IBM Corporation, Informatics, NetApp Inc, Oracle Corporation, SAP SE, Software AG, Splunk, Inc., Syncsort, Talend S.A, VMware Inc, HP Enterprise Company, Teradata Corporation, K2View, etc., are the leading players in the Global Data Fabric market.
Q. Which Component would emerge as an opportunity area for players in the Global Data Fabric market?
A. The services segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which vertical would emerge as an opportunity area for players in Global Data Fabric Market?
A. Banking, financial service, and insurance sector grabbed a significant market share continue to grow at the highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Data Fabric Market.