Data Virtualization Market: Global Forecast until 2022

The data virtualization market is estimated to rise at a compound annual growth rate of 21.10 percent during the forecast period

The industry for data virtualization is forecasted to grow from ~$1.6B in 2017 to ~$4.1B by 2022, at a Compound Annual Increase rate of 21.10 percent during the forecast period. The generation of considerable volumes of info is a main factor driving the increase of the data virtualization market.

To formulate strategic management, institutions need to access significant volumes of data stored at heterogeneous sources to benefit business insights and to enhance the decision-making process. To accomplish efficiency across business processes, companies need to design and layout a plan of action. This can be done by properly implementing data virtualization solutions into its operations.

Lack of standardization in enterprise data management is anticipated to be a main restraint for the rise of data virtualization market. A predefined set of rules and regulations needs to be considered, while accessing the information.

Nevertheless, emerging economies are witnessing slow digitalization increase. It results in a slow rise rate of the data virtualization market

Data integration solution component is intended to hold the biggest sector size during the estimate period

The component in the data virtualization market includes standalone software, data integration solution, and application tool solution. The data integration solution component benefits several organizations to optimize their strategy and operational efforts by providing a unified 360-degree view of data.

Furthermore, the data integration solutions are beneficial to integrate info from external and internal storage systems of organizations. To meet these requirements, different firms are deploying data virtualization software and solutions to get maximum benefits of the technology

Asia-Pac is anticipated to witness the more significant increase rate during the outlook period

Asia-Pacific is anticipated to grow at the highest compound annual growth rate (CAGR) in the overall data virtualization market during the estimate period. Factors, including quick expansion of domestic enterprises, massive rise of data generation from all sectors in this area, and higher development of infrastructure, are driving the data virtualization across various end-user segments.

The North American area is forecast to hold the biggest industry size during the outlook period. Main driving factors for the sector are an growing need for data virtualization solutions, automation, need to access important volumes of data stored across several systems to get a consolidated view, focus on reducing infrastructure costs, an rising need to get business insights and real-time availability of data, and increasing demand for data integration software tools.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with main people.

• By Company category - Tier 1 - 20.0 percent, Tier 2 - 47.0 percent, and Tier 3 -33.0 percent

• By Description - C-suite - 47.0 percent, Director-level - 36.0 percent, and Others - 17.0 percent

• By Area - North America continent - 21.0 percent, EU- 45.0 percent, Asia-Pac - 27.0 percent, and the Rest of the globe - 7.0 percent

Main data virtualization vendors contain International Business Machines (NYSE:IBM), SAP SE (SAP), Informatica, Denodo Technologies, Oracle (NASDAQ:ORCL), TIBCO Software, Microsoft (NASDAQ:MSFT), Red Hat, SAS Institute, and Information Builders.

Segment Research

The data virtualization market has been split on the basis of components (standalone software, data integration solution, and application tool solution), deployment modes, data consumers, enterprise sizes, final users, and territories.

The data virtualization solutions help data virtualization software and platform providers; initial public offering/venture capitalists/angel investors; IT directors and consultants; Banking, Financial services and Insurance (BFSI), healthcare, retail, manufacturing, and government organizations to enhance business operations, enhance decision-making, and reduce costs.. The deployment modes in the data virtualization market are cloud and on-premises.

Data consumers are divided into Business Intelligence tools, enterprise applications, and mobile and web applications. The enterprise size in the data virtualization market are big enterprises and Small and Medium-sized Enterprises The end-users segment includes Banking, Financial services and Insurance (BFSI), manufacturing, healthcare, retail and eCommerce, analysis and academia, media and entertainment, telecom and IT, government and defense, and others (transportation and oil and gas). On the basis of regions, the data virtualization market is divided into north america, Europe (EU), Asia Pacific (APAC), Middle East (ME) and African continent, and Latin America area.

The industry report will facilitate the market top players and new sector entrants in the data virtualization market in these ways:

1. The document breaks down the market into different subsegments, therefrom it includes the industry overall.

The study offers the best approximations of the revenue data for the global market and sub-segments. The industry numbers are further split into distinct application areas and localities.

2. The analysis helps in understanding the global increase of the market. It offers info on the top market drivers, market restraints, opportunities, and alternatives.

3. The market research helps in understanding competitors better and gaining additional insights to enhance the organization's position in the sector. The market research also presents the positioning of the main actors established on their product offerings and strategic management.