Data Fabric Market Overview: 2023-28

Base Year: 2022

Historical Years: 2018-21

Forecast Years: 2023-28

The Data Fabric Market is projected to grow at a CAGR of around 25.5% during the forecast period, i.e., 2023-28. Over the past few years, data generation has surged due to the increasing penetration of the internet and the revolution in the digital world. Companies are compelled to retain information and expertise from diverse distant sources. Therefore, providing quick access to the data over vast terrains creates several challenges for data management providers.

Markntel Advisor’s Data Fabric Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Data Fabric Market drivers, barriers, Data Fabric Market Trends, and Key Players in Data Fabric Market.

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Data Fabric Market Dynamics: 2023-28

Key Driver: The Ever-Increasing Need to Realize Machine-Enabled Data Integration Owing to Proliferating Business Data

Increased internet usage and the number of connected devices, including smartphones, laptops, tablets, and PCs, directly impact the volume and variety of corporate data. In addition, social media and blogs also generate massive amounts of data, while sensors and cameras continuously collect location information for surveillance. As such, data is gathered from the data fabric for analytics purposes, and businesses utilize these data due to the rising demand for sophisticated analysis.

Data fabric employs human and machine capabilities to access existing data or promote consolidation when necessary. It continuously recognizes and links data from many applications to find distinctive, commercially significant relationships among the data points available. Compared to conventional data management techniques, the insight promotes reengineered decision-making and offers additional value through quick access and comprehension.

For instance, a supply chain manager utilizing a data fabric can more quickly connect newly discovered data assets to links between known supplier delays and production delays. These aspects might positively influence data management and improve the decisions of consumers and suppliers.

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Data Fabric Market (2023-28): Segmentation Outlook

The market report has segmented the market into the following categories:

  • By Type
    • Disk Based
    • In-Memory
  • By Organization Type
    • Large Enterprise
    • Medium-Sized Enterprise
    • Small- Sized Enterprise
  • By Deployment Model
    • On-Premise
    •  On- Demand
  • By Components
    • Software
    • Services
      • Managed Services
      • Professional Services
  • By Business Application
    • Fraud Detection and Security Management
    • Governance, Risk, and Compliance Management
    • Customer Service Management
    • Sales and Marketing Management
    • Business Process Management
    • Others

According to report, Among all, Fraud Detection and Security Management acquired a significant market share in the historical period owing to the rising inflow and outflow of business data.

  • By Industry Verticals
    • Banking, Financial Services and Insurance
    • Telecommunication and IT
    • Retail and E-Commerce
    • Healthcare and Life Sciences
    • Manufacturing
    • Government
    • Energy and Utilities
    • Media and Entertainment
    • Others

According to report, The Banking, Financial Services, And Insurance (BFSI) Sector captured the major market share owing to the surging e-banking services in the historical years.

·       By Region

o   North America

o   South America

o   Europe

o   Middle East and Africa

o   Asia-Pacific

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Data Fabric Market:

  • Denodo Technologies
  • Global IDS
  • IBM Corporation
  • Informatics
  • NetApp Inc
  • Oracle Corporation
  • SAP SE
  • Software AG
  • Splunk, Inc.
  • HP Enterprise Company
  • Others

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