Global Data Fabric Market

Global Data Fabric Market Size, Share, Growth Analysis, By Type(Data Fabric, Ingestible Data Fabric), By Deployment Model(On-Premises, Cloud-Based), By Application Area(Fraud Detection and Security Management, Customer Experience Management) - Industry Forecast 2024-2031

Report ID: SQMIG45A2166 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 96 | Figures: 76

Global Data Fabric Market News

  • In November 2023, DataStax reported the development of its organization with Amazon Web Administrations (AWS), zeroing in on new generative artificial intelligence advancements and combinations across different viewpoints, for example, go-to-advertise methodologies, items, and innovation. This joint effort means offering generative artificial intelligence advances to clients, working with expanded efficiency and proficient turn of events, and the organization of exact generative man-made intelligence applications for improved client encounters. 
  • In December 2023, EY, a worldwide leader in strategic and innovation counseling administrations, reported another strategic partnership with Appian (Nasdaq: APPN), a prestigious supplier of low-code and process automation solutions. This cooperation expects to help organizations in their computerized change endeavors by utilizing state-of-the-art advancements like man-made consciousness (artificial intelligence), low-code improvement, process mechanization, and information texture to streamline and modernize their cycles. 
  • In December 2023, Fortinet (FTNT) reported the development of its strategic partnership with Digital Realty (DLR), the biggest worldwide supplier of cloud and transporter nonpartisan server farm arrangements. The organization plans to speed up the extension of Fortinet's Universal Secure Access Service Edge (SASE) arrangement, which has previously been conveyed in over 100 areas around the world. SASE is a security structure that coordinates network security capabilities with Wide Region Systems Administration (WAN) capacities to meet the dynamic and secure access prerequisites of associations. 
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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). 

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. 'Atlan', 'IBM', 'Oracle', 'Informatica', 'Talend', 'Cloudera', 'TIBCO Software', 'SAP', 'Denodo', 'HPE', 'Dell Technologies', 'NetApp', 'Teradata', 'Splunk', 'Intenda', 'Incorta', 'K2View', 'Cinchy', 'Precisely', 'Global IDs'

The increasing adoption of hybrid and multi-cloud environments by organizations necessitates advanced data management solutions, with data fabric emerging as a crucial facilitator for seamless integration and accessibility. The demand for real-time analytics and insights is a driving force, prompting businesses to invest in data fabric to ensure efficient data orchestration. Furthermore, the surge in unstructured data, coupled with the need for effective data governance, positions data fabric as an essential solution.

The increasing adoption of edge computing, prompting organizations to leverage data fabric solutions for efficient data management and processing at the edge. The integration of artificial intelligence (AI) and machine learning (ML) capabilities within data fabric platforms is another prominent trend, empowering businesses to derive actionable insights and enhance decision-making. Furthermore, there is a growing emphasis on the convergence of data fabric with data analytics tools, providing organizations with a comprehensive approach to data utilization.

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.

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