Global Data Mesh Market Research Report: Forecast (2024-2030)

Market Definition

Data mesh is digital solutions that help enterprises to manage and democratize data within organizations. The Data Mesh solutions offer data integration, federated data governance & operations with the help of different approaches. It also improves data quality, scalability, and agility while fostering a culture of data ownership and collaboration.

Market Insights & Analysis: Global Data Mesh Market (2024-30):

The Global Data Mesh Market is estimated to grow at a CAGR of around 17.5% during the forecast period, i.e., 2024-30. The factors attributing to the growth in the demand for data mesh solutions are the rising implementation of digitalization initiatives within the organizations, the increasing internet penetration & smartphone accessibility, and rising data generation from the different industry verticals, like BFSI, Healthcare, IT & Telecom, etc. In recent years, the governments of countries, such as India, the UAE, and others, as well as private entities have made significant investments to enhance the countries' digital infrastructure. For instance:

• In 2023, Beyon, a global technology company, announced an investment of around USD 250 million to improve the digital infrastructure of Bahrain. These investments are laying the foundation for a robust & resilient digital ecosystem within the country.

Similarly, countries like Saudi Arabia, Indonesia, etc., also received investments for the telecom network infrastructure and other digital infrastructure upgrades. In addition, these rising investments are creating a conducive environment for internet penetration across the countries. As a result, countries like the UAE, Saudi Arabia, Germany, and others, are witnessing a surge in internet penetration. Also, the increasing internet accessibility is augmenting data collection, sharing, and generation from diverse sources such as social media, e-commerce transactions, IoT devices, and online interactions. Therefore, the end-user industries are using data mesh solutions to handle data efficiently, driving the Global Data Mesh market.

Furthermore, the governments of countries like the US, India, etc., are laying digitalization initiatives to gain a competitive edge over other nations. Hence, the governments are encouraging the adoption of digital services to promote transparency & ensure smooth administrative operations. The inclination towards digital services within these countries is augmenting the requirement for data mesh solutions for efficient data management, driving the Global Data Mesh market.

In addition, governments are taking steps to ensure the adoption of digital services across other industry verticals. As a result, the demand for data mesh solutions for curating, processing, and analyzing data would continue to grow in the forthcoming years.

Global Data Mesh Market Driver:

Digitalization Across the BFSI Sector to Augment the Requirement for the Data Mesh Solutions – In recent years, there has been a shift in consumer preference, as they are inclining towards flexible payment solutions. Post-COVID-19, consumers across the globe are seeking convenient & accessible payment solutions to make payments rather than the traditional cash payments. According to the World Bank, in 2022, around 66% of the total bankable population either send or receive digital payments owing to the convenient & faster transactions offered by digital payment platforms like Paytm, Google Pay, Apple Pay, etc. Moreover, banks in countries like India, the US, Germany, etc., are also amalgamating digital technologies to make payments more smooth & efficient and launching different banking platforms for their customers.

Moreover, the increasing launch of these digital applications facilitates contactless payment since consumers prefer to use these applications for making payments. These online payments require data mesh solutions to analyze customer behavior & comprehensive view of payment activities and ensure excellent system performance. Therefore, the increasing inclination towards digital payments & the launches of payment applications is also facilitating the requirement for data mesh solutions to manage payments securely & effectively.

Global Data Mesh Market Opportunity:

Expansion of IT & Telecom Company to Provide Lucrative Opportunity for Market Growth – In recent years, there has been a surge in public & private investments to enhance the digital infrastructure & improve connectivity. The public & private enterprises are significantly investing to expand global connectivity by setting up new broadband networks and satellite communications. These investments are leading to higher internet penetration and cross-border data exchange. As a result, there is a requirement for digital solutions, like data mesh, to manage the data generated by consumers effectively.

In addition, the governments of countries like China, Japan, etc., are increasingly rolling out 5G networks to provide fast internet services to consumers. The rollout of the 5G network is facilitating the telecom providers to expand their network infrastructure across nations like Germany, India, the UAE, etc. Hence, the expansion of telecom companies is posing an opportunity for the pivotal data mesh solution players to offer their solutions to the telecom industry, thus uplifting the Global Data Mesh Market in the forecast years.

Global Data Mesh Market Challenge:

High Initial Cost & Complex Integration to Hamper Market Growth – Data Mesh Solutions typically requires a significant initial investment since these solutions are based on emerging technologies. Therefore, the amalgamation of the data mesh solutions in the company's digital ecosystem requires a specific technical infrastructure, software licenses, data engineering expertise, and organizational change management. As a result, the initial upfront cost of data mesh solutions is significantly higher. Hence, small- & medium-scale enterprises rely on alternative digital solutions to manage data, thus hampering the Data Mesh Market growth. 

Global Data Mesh Market Trend:

Industry 4.0 Revolution & Integration of AI & ML to Enhance Market Growth – In recent years, there has been the emergence of several leading technologies like Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), and others. These technologies help industries & manufacturing units enhance their production output by monitoring equipment performance, energy consumption, and environmental conditions. As a result, several industries are undergoing digital transformation and are opting for digital solutions to manage the production & operations within their facilities.

Moreover, emerging technologies, like blockchain & digital twins, enhance transparency, traceability, and trust in supply chain networks, reducing fraud risks and optimizing logistics operations. As a result, the manufacturing units are leveraging these technologies to ease their production process. This digital upgrade of industries across the globe is elevating the requirement for data mesh solutions to own, manage, and govern data within their domains and ensure interoperability, uplifting the Global Data Mesh Market.

Global Data Mesh Market (2024-30): Segmentation Analysis

The Global Data Mesh Market study by MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2024–2030 at the global level. In accordance to the analysis, the market has been further classified as:

Based on Vertical:

• BFSI
• Telecom
• Retail & E-Commerce
• Healthcare & Life Science
• IT/ITes
• Manufacturing
• Government & Public Sector
• Transportation & Logistics
• Others

Retail & E-Commerce held the largest share in the Global Data Mesh Market due to a drastic shift towards online shopping since online shopping platforms like Amazon, Flipkart, etc., provide convenience to consumers. These platforms are easily accessible 24/7 from any part of the globe with an internet connection, and consumers easily browse & purchase products at their convenience, eliminating the constraints of physical store hours & geographical limitations. As a result, the end-users tend to buy the products from the online shopping platforms. In addition, these platforms provide consumers with access to a vast array of products and brands, enabling consumers to purchase mainstream products or specialty items. Therefore, consumers are generally inclined towards e-commerce platforms to make purchases. The increasing online shopping would accentuate the need for digital solutions, like data mesh, to handle large-scale data workloads, improve processing speeds, reduce latency, and optimize resource utilization.

Based on Approach:

• Fine-Grained Mesh
• Hybrid Federated Mesh
• Value-Chain-Aligned Mesh
• Coarse-Grained Mesh

Fine-Grained Mesh held the dominant market share in the Global Data Mesh market since it provides precision, scalability, agility & cross-functional collaboration. Fine-grained data mesh offers higher precision & granularity in data management, which enables organizations to achieve finer control, visibility, and governance over their data assets. Moreover, the fine granularity enables tailored data solutions, targeted analytics, and domain-specific insights, leading to more informed decision-making. As a result, the end-users comprising BFSI, Healthcare, etc., prefer fine-grained mesh rather than other-grained mesh, enhancing the market share of the Fine-Grained in the Global Data Mesh market.

Global Data Mesh Market (2024-30): Regional Projection

Geographically, the Global Data Mesh Market expands across:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Asia-Pacific is leading the Global Data Mesh Market. The Asia-Pacific countries, like India, China, Japan, etc., are witnessing rapid digital transformation across industries, driven by rising urbanization, population growth, growing middle-class consumers, and evolving business landscapes. Several organizations in these countries are embracing digital technologies, cloud computing, IoT (Internet of Things), AI (Artificial Intelligence), and analytics to drive innovation, competitiveness, and customer-centricity. Moreover, the governments of these countries are laying initiatives to encourage the adoption of digital services within the country to promote data transparency. This increasing digitalization across different industry verticals is enhancing the requirement for the data mesh to offer a decentralized, agile, and scalable data management framework to support diverse data sources, analytics use cases, and business objectives.

Global Data Mesh Industry Recent Development:

• 2023: Oracle recently unveiled the Oracle Database at Azure, which enables customers to seamlessly access Oracle database services hosted on Oracle Cloud Infrastructure (OCI). These data mesh solutions are deployed within Microsoft Azure data centers to manage the data effectively.

Gain a Competitive Edge with Our Global Data Mesh Market Report

• Global Data Mesh Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
• This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
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