The global Data Fabric Market size to grow from USD 1.0 billion in 2020 to USD 4.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 26.3% during the forecast period. Various factors such as increasing volume and variety of business data, emerging need for business agility and accessibility, and growing demand for real-time streaming analytics are expected to drive the adoption of the data fabric software and services.
The services segment to hold higher CAGR during the forecast period
Based on components, the data fabric market is segmented into software and services. Data fabric makes the movement of data between cloud, storage systems, and data centers smoother, with low latency contributing to the adoption of data fabric software. The services segment, on the other hand, has been bifurcated into consulting services, support and maintenance, and education and training services. The services segment is expected to account for higher CAGR during the forecast as services are required by organizations to bring about effective data fabric implementation strategies that can be handled by third-party companies, and the organizations can concentrate on their core businesses.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237314899
The large enterprises segment to hold largest market size during the forecast period
The Data fabric market has been segmented by organization size into large enterprises and SMEs. The market share of large enterprises is higher; however, the market for SMEs is expected to register a higher CAGR during the forecast period. The demand for data fabric is accelerating due to its cost-effective and time-efficient feature; its growth is specifically high in large enterprises, where low-cost solutions are in demand.
According to MarketsandMarkets, data fabric refers to a distributed data management platform that enables organizations to integrate various data management processes, including data access, data discovery, data orchestration, data processing, data ingestion, data analytics, and data visualization. It brings together disparate data sets, both historical and real-time, and automatically processes them in an efficient way to deliver a comprehensive view of customer and business data across an organization.
Some of the key players operating in the data fabric market include Denodo Technologies (US), Global IDs (US), IBM Corporation (US), Informatica (US), NetApp (US), Oracle Corporation (US), SAP SE (Germany), Software AG (Germany), Splunk (US), Talend (US), Dell Technologies (US), HP Enterprise (US), Teradata Corporation (US), TIBCO Software (US), Precisely (US), Idera (US), Nexla (US), Stardog (US), Gluent (US), Starburst Data (US), HEXstream (US), QOMPLX (US), CluedIn (Denmark), Iguazio (Israel), and Cinchy (Canada). These data fabric vendors have adopted various organic and inorganic strategies to sustain their positions and increase their market shares in the global data fabric market.
IBM is a multinational technology and consulting corporation founded in the year 1911 and it is headquartered in New York, US. It offers infrastructure, hosting, and consulting services and operates through five major business segments: cloud and cognitive software, global business services, global technology services, systems, and global financing. It caters to various industry verticals that include aerospace and defense, education, healthcare, oil and gas, automotive, electronics, insurance, retail and consumer products, banking and finance, energy and utilities, life sciences, telecommunications, media and entertainment, chemicals, government, manufacturing, travel and transportation, construction, and metals and mining. The company has a robust presence in the Americas, Europe, MEA, and APAC and clients in more than 175 countries. In the Data fabric market, IBM offers IBM Cloud Pak for Data and Palantir for IBM Cloud Pak for Data in the data fabric market. IBM Cloud Pak for Data platform accelerates the AI journey of transforming business operations with an open, extensible data and cloud-native AI platform.
Request a Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=237314899
Oracle was founded in the year 1977 and it is headquartered in Texas, US. It is a global leader in delivering a broad spectrum of products, solutions, and services designed for meeting the requirements of corporate IT environments, such as platforms, applications, and infrastructure. Oracle’s customers include businesses of various size, government agencies, educational institutions, and resellers. The company, directly and indirectly, sells its products and services through the worldwide sales force and Oracle Partner Network, respectively. It specializes in developing; manufacturing; and marketing hardware systems, databases, and middleware software, and application software. It operates through three business segments, which include cloud and license, hardware, and services, in more than 175 countries. It caters to 430,000 customers across industry verticals, such as banking, telecommunications, engineering and construction, financial services, healthcare, insurance, public sector, retail, and utilities. The company offers its solutions to customers present in more than 145 countries across the Americas, Europe, APAC, and MEA. In the data fabric market, Oracle offers a queryable data fabric, namely Oracle Coherence.
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Address:630 Dundee Road Suite 430
State: IL 60062
Country: United States