Data fabric is the architecture of services and capabilities across the different deployment models varying from on-premises, and various cloud environments. The integration of data management provides better maneuverability essentially improving the rate of digital transformation. Significant availability of data available with every organization requires these organizations to optimize their business operations by improving the way they manage this amount of data. Data fabric ensures that this massive amount of information is optimized as per their needs and better services can be provided by them with limited availability of resources at their disposal.
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The main factors behind the growth of the market are:
The market is segmented on the basis of component as software, services; type as disk base data fabric, in-memory based data fabric; application as fraud detection & security management, governance, risk, & compliance management, customer experience management, sales & marketing management, business process management; deployment model as on-premises, on-demand; organization size as large enterprises, small-sized enterprises, medium-sized enterprises; vertical as BFSI, telecommunications & IT, retail & ecommerce, healthcare & life sciences, manufacturing, government, energy & utilities, media & entertainment, others
Some of the recent market developments are as follows:
“According to Data Bridge Market Research, global data fabric market is growing at a healthy CAGR of 25.1% during the forecast period of 2018 to 2025”
Some of the major players operating in the market are Denodo Technologies, Global IDs, Informatica, Syncsort, K2VIEW, NetApp Inc., IBM Corporation, Oracle, SAP SE, Software AG, Splunk Inc., Talend, VMware, Inc. and Teradata.
The market is growing at a healthy rate due to the massive positive economic effect that the data fabric has on an organizations investments. The implementation of data fabric helps organizations in ensuring better maneuverability of business strategies with a more flexible approach ensuring that the vast information at their disposal is not wasted and every bit of is implemented to make sound decisions/strategies.
Global Data Fabric Market – Industry Trends and Forecast to 2027
North America Data Fabric Market – Industry Trends and Forecast to 2027
Europe Data Fabric Market – Industry Trends and Forecast to 2027
Asia-Pacific Data Fabric Market – Industry Trends and Forecast to 2027