Data Fabric is a software approach for data movement and management; it provide a consistent set of capabilities and services, which span a choice of endpoints and application ecosystems connected across the cloud and on-premises. Data fabric simplifies and integrates data management across cloud and on-premises to accelerate digital transformation. It delivers consistent and integrated hybrid cloud data services for data visibility and insights, data access and control, and data protection and security.
The factors that are driving the market for global data fabric market are growth in the processing and commutation techniques, growing internet technology, upswing in cloud based organizations and increase in virtualization of network infrastructure.
The ever increasing data across organizations, and demand for real-time streaming analytics for reducing operational costs are primarily driving the market. The adoption of cloud based services and virtualization of network infrastructure are fuelling the market growth. However, the lack of awareness regarding data fabric is hampering the market growth. In the area of healthcare, data fabric has gained prominent significance by adhering internal data security policies and promote greater innovation and IT responsiveness.
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Major Key Players
SAP SE (Germany),
Splunk Inc. (U.S.),
Syncsort Inc. (U.S.),
IBM Corporation (U.S.),
Oracle Corporation (U.S.),
Global DS (U.S.),
Teradata Corporation (U.S.),
K2 View (U.S.).
According to MRFR, The global Data Fabric Market is expected to grow at a CAGR of 18% over the forecast period.
In the area of healthcare, data fabric management is being widely adopted. Netapp an American multinational storage and data management company developed an application for healthcare sector. The data fabric enabled by Netapp allows healthcare organizations to adhere to internal data security policies, maintain compliance with HIPAA and HITECH requirements and promote greater innovation and IT responsiveness. It helps healthcare organizations to integrate on-premises enterprise class data management and control with flexibility, speed and economies of public cloud. Advances in technology and cloud computing provide key capabilities to help the healthcare industry redesign storage systems to keep pace with tremendous data growth in clinical data.
In retail, data fabric management is providing many advantages such as
- Build a supply chain process that is responsive to market and geo dynamics with real-time predictive and prescriptive analytics
- Augment machine learnt insights with human intelligence to anticipate, curate, personalize, and inspire product and shopping experience across the consumer journey without diluting privacy
- Improve logistics operational efficiency by correlating machine / sensors generated data with external data such as weather, traffic and supply chain data
Retailers are adopting disruptive technologies such as wearable, mobile, big data, virtual reality, sensors, and robotics.
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- Software Developers
- Cloud service providers
- System integrators
- Advisory firms
- Technology providers
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