According to the most recent Emergen Research analysis, the global data fabric market is expected to reach USD 1.14 billion in 2020, with a revenue CAGR of 27.2% during the forecast period. Rising volumes and variety of organizational data, as well as increased cloud service adoption, are some of the key factors driving global data fabric market revenue growth. Rapid developments in in-memory computing are factors also expected to boost revenue growth of the market to a significant extent. In-memory computing enables super-fast speed and the scaling of unlimited volumes of data, while also simplifying accessibility to an increasing number of data sources.
Global medical education is fragmented, and vendors are competing by implementing various organic and inorganic growth strategies. The increasing market competition is compelling vendors to implement various growth strategies such as promotional activities and advertising spending to increase the visibility of their services. To remain competitive in the market, some vendors are pursuing inorganic growth strategies such as mergers and acquisitions.
The organizational culture, which is based on storing and analyzing business-related data using traditional techniques such as data warehouses and data marts, is a major barrier to data fabric adoption. As a result, the most significant challenge today is to raise awareness among businesses about how they can store and analyze real-time critical data from various business events to derive a long-term impact from data fabric adoption. Adoption of data fabric solutions and services for various business applications may be exciting, but such data management systems must be integrated alongside well-established, legacy, and proven systems. Organizations are intertwined with various levels of systems.
Some Key Highlights from the Report
Because of the increasing adoption of data fabric solutions and services among small and medium-sized enterprises globally, the small and medium-sized enterprise segment is expected to register a significantly robust revenue growth rate over the forecast period.
The on-cloud segment is expected to grow at a steady rate. Rising end-user adoption of cloud services is a key factor expected to drive revenue growth in this segment.
SAP SE, Informatica, Inc., Global Ids, Inc., International Business Machines Corporation, NetApp, Inc., Oracle Corporation, Splunk, Inc., Teradata Corporation, Idera, Inc., and TIBCO Software, Inc. are among the major companies profiled in the global market report.
NetApp, Inc. announced new features and enhancements to its hybrid cloud portfolio in October 2021 to assist businesses in upgrading existing IT infrastructure and increasing digitalization. NetApp hybrid cloud-based solutions make it easier for corporate clients to put data to work whenever they need it by introducing new and secure ways to use and manage data services on-premises and in the cloud.
Emergen Research has segmented the global data fabric market based on component, type, deployment, organization size, application, end-user, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)
1. Professional Services
2. Managed Services
Type Outlook (Revenue, USD Billion; 2018–2028)
- In-Memory data fabric
- Disk-based data fabric
Deployment Outlook (Revenue, USD Billion; 2018–2028)
Organization Size Outlook (Revenue, USD Billion; 2018–2028)
- Small and Medium-sized Enterprises
- Large Enterprises
Application Outlook (Revenue, USD Billion; 2018–2028)
- Customer Experience Management
- Fraud Detection and Security Management
- Sales and Marketing Management
- Risk and Compliance Management
- Business Process Management
- Asset Management
- Supply Chain Management
- Workforce Management
End-Use Outlook (Revenue, USD Billion; 2018–2028)
- IT & Telecom
- Transportation & Logistics
- Media & Entertainment
- Retail & e-Commerce
- Energy & Utilities
- Travel & Hospitality
Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- Rest of Europe
- the Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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