USD 1.90 billion
Report ID:
SQMIG45A2166 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
96 |
Figures:
76
Global Data Fabric Market size was valued at USD 1.90 billion in 2022 and is poised to grow from USD 2.32 billion in 2023 to USD 11.63 billion by 2031, growing at a CAGR of 22.3% in the forecast period (2024- 2031).
In recent years, the global data fabric market has been changing consumer preferences and demands by increasingly focusing on harnessing the power of distributed data across diverse sources. It is gaining traction with the rising adoption of hybrid and multi-cloud environments, necessitating efficient data management and integration solutions. As data fabric acts as a facilitator for seamless data access and utilization the demand for real-time analytics and insights further propels the market.
Additionally, the market's expansion is aided by the increasing volume of unstructured data and the need for effective data governance. The market is poised for continued growth, offering comprehensive solutions for data integration, orchestration, and management across complex, heterogeneous environments as businesses strive for agility and data-driven decision-making.
Global Market Size
USD 1.90 billion
Largest Segment
Integrated Data Fabric
Fastest Growth
Virtualized Data Fabric
Growth Rate
22.3% CAGR
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The global data fabric market is segmented into four major segments i.e. by type, deployment model, application area, and region. Based on the type of data fabric, it is divided into integrated data fabric, ingestible data fabric, virtualized data fabric, and others. Based on components, it is bifurcated as on-premises, cloud-based, hybrid. Based on application area it is segregated into, fraud detection and security management, customer experience management, business process management, GRC (Governance, Risk, and Compliance) management, supply chain management, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Analysis by Type
With its ability to provide a unified and seamless data experience across diverse sources, Integrated data fabric is likely to dominate the market. Moreover, comprehensive solutions that enable smooth data integration, orchestration, and management in complex environments are increasingly sought by organizations.
Due to their flexibility in creating a virtual layer that abstracts and simplifies data management, virtualized data fabrics have gained popularity. Dynamic requirements of organizations adopting hybrid and multi-cloud environments, allowing for agile and scalable data operations aligns well with this approach
Analysis by Application Area
Business process management has long dominated the global Data Fabric market as organizations increasingly focus on optimizing and streamlining their business operations. In providing a unified view of data across processes, enhancing efficiency and decision-making that organizations in Business Process Management sought, data fabric solutions play a pivotal role.
Real-time analytics may experience rapid growth due to the escalating demand for instant insights from diverse data sources. As businesses prioritize data-driven decision-making, the ability of data fabric to facilitate real-time data access and analysis positions it as a critical component in this domain.
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North America is likely to dominate the market, driven by its advanced technological landscape, widespread adoption of data-driven solutions, and the presence of key industry players. The region's mature IT infrastructure and continuous investments in emerging technologies contribute to its dominance in the data fabric market.
Asia-Pacific may experience the fastest growth in the data fabric market. The region's rapidly growing economies, such as China and India, coupled with increasing digital transformation initiatives, contribute to the adoption of data fabric solutions. The expanding IT and telecommunications sector, along with a rising focus on cloud technologies, positions Asia-Pacific as a key growth market.
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Drivers
Increasing Adoption of Hybrid and Multi-cloud Environments
Restraints
High Complexity of Implementing Data Fabric Solutions
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The competitive environment of the data fabric market is dynamic and characterized by the presence of established industry leaders and emerging players vying for market share. Established players leverage their experience, extensive customer bases, and global presence to maintain a stronghold in the market. Simultaneously, innovative startups and niche providers contribute to market diversification by introducing novel solutions and addressing specific industry needs. The competitive dynamics are further fueled by ongoing advancements in data fabric technologies, as well as the increasing demand for comprehensive data management solutions.
Top Player’s Company Profiles
Recent Developments
Rising Adoption of Edge Computing
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global data fabric market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The market is propelled by the growing demand for accelerated software development and enhanced collaboration between development and operations teams. Continuous integration and continuous delivery (CI/CD) solutions are key drivers, fostering agility and efficiency. However, organizational resistance to cultural shifts and security concerns pose restraints. Product-wise, comprehensive DevOps platforms by major players dominate. Regionally, North America leads with early adoption, while Asia-Pacific displays significant growth. Key trends include the rise of DevSecOps, cloud-native DevOps, AIOps integration, and an emphasis on value stream management, reflecting the industry's continuous evolution.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.90 billion |
Market size value in 2031 | USD 11.63 billion |
Growth Rate | 22.3% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Data Fabric Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Data Fabric Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Data Fabric Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Data Fabric Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Product ID: SQMIG45A2166