Global Data Fabric Market: Massive Surge of Data Availability is Raising the Value of Data Fabric

Global Data Fabric Market

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:

  • Increasing volume and variety of business data: With the advent of IoT, AI technologies, cloud computing, the amount of data generated from each individual organization has been transformed significantly. The information flooding the various organizations currently is significant and these organizations are in need of wading through this large pool of information in an effective and efficient way to implement better business decisions and strategies
  • Emerging need for business agility and accessibility: The competitiveness in the market is at its highest, the pressure on the organizations to improve their business models is at its peak. This need for improvement in the business models of these organizations. This need is met by the ensuring that they have a solution for wading through the structured as well as unstructured data sources to qualify their business as complete

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:

  • In June 2018, EnterWorks announced the launch of “Enable Agile Data Fabric” (ADF), the data management solution helps consumers in ensuring better manipulation through heaps of data providing better empowerment for all businesses. The platform integrates the access of various layers of data channels. The platform consists of another “Web Application” and a user interface that is the basis of ADF framework ensuring a better rate of adoption by the consumers
  • In October 2017, NetApp announced that they had improved their existing Data Fabric of the company with the launch of several new software consisting of “NetApp SolidFire Element OS”, “StorageGRID Webscale”, “ONTAP” and “OnCommand Insight”. The combined solutions provide better consistency and integration of hybrid cloud data services helping customers in better protection of their data, reducing their costs and also helping them in development of next-generation of data architectures

“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.