Data Fabric Global Market Report 2022

Major players in the data fabric market are Denodo Technologies, IBM Corporation, Informatica, NetApp, Oracle Corporation, Splunk, Talend S.A., Dell Technologies, HP Enterprise, Teradata Corporation, TIBCO Software, VMware, K2View, Syncsort, CluedIn ApS, Idera Inc., Nexla Inc., QOMPLX Inc., Starburst Data Inc., Stardog Union Inc., and Trifacta.

The global data fabric market is expected to grow from $1.46 billion in 2021 to $1.84 billion in 2022 at a compound annual growth rate (CAGR) of 25.8%. The data fabric market is expected to grow to $4.47 billion in 2026 at a CAGR of 24.8%.

The data fabric market consists of sales of data fabric solutions by entities (organizations, sole traders, and partnerships) that refer to a set of data services that handle data using a network-based architecture instead of point-to-point connections.It is a powerful architecture, which monitors and manages the data and applications, regardless of location.

Data fabric is used for data management, which helps to integrate data from various sources and analyze it seamlessly in one place. It is widely used by organizations to provide a comprehensive view of business and customers across an organization through disparate data sets in real-time and historical, and finally processes automatically in an efficient way.

The main types of data fabric are disk-based data fabric and in-memory data fabric.Secured, managed, and governed data are some of the benefits of a disk-based data fabric.

Additionally, it provides data access anytime applications demand it, it also provides the flexibility to transfer data and applications, lowering the cost of ownership and ensuring data compliance.It has components such as software and services that are applied in fraud detection and security management, customer experience management, governance, risk, and compliance management, sales, and marketing management, and business process management.

There are various end-users such as banking, financial services, and insurance (BFSI), information technology (IT) and telecom, retail, healthcare and pharmaceuticals, manufacturing, and government.

North America was the largest region in the data fabric market in 2021.The Asia Pacific is expected to be the fastest-growing region in the forecast period.

The regions covered in the data fabric market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The data fabric market research report is one of a series of new reports that provides data fabric market statistics, including data fabric industry global market size, regional shares, competitors with a data fabric market share, detailed data fabric market segments, market trends and opportunities, and any further data you may need to thrive in the data fabric industry. This data fabric market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The rising volumes and variety of organizational data are significantly contributing to the growth of the data fabric market.Data is being collected and stored every second that is being utilized and sold for analysis.

The analysis varies from company to company and their requirement. According to Domo, provider of a fully mobile cloud-based operating system, reported in 2020, the users spend $1 million online, takes around 1.4 million video and voice calls, send 150,000 messages on Facebook, and watch 404,000 hours of video on Netflix. This data is stored and used for future reference. Moreover, there are 4.5 billion internet users that send and receive data. Therefore, such rising volumes and variety of organizational data are contributing to the growth of the data fabric market.

Technological advancements are shaping the data fabric market.New technologies are launched and products are advanced to provide better and more efficient products to the customers.

For instance, in October 2021, NetApp, Inc, a US-based hybrid cloud data services and data management company that offers cloud data services for the management of applications and data both online and physically, announced new features and enhancements to help businesses upgrade existing IT infrastructure and boost digitalization by delivering new secure ways to consume and operate data services on-premises and in the cloud. These features include enhanced data services, ONTAP data management software enhancements, and more flexible consumption options.

In December 2019, The DataRobot, a US-based AI company acquired Paxata for an undisclosed amount.Through this acquisition, Paxata will be able to develop the first automated end-to-end enterprise AI platform.

Moreover, the Paxata acquisition will eliminate the pain spots for clients by delivering tools that enable them to embed automation into their data prep operations.This will drastically improve their capacity to generate AI-driven outcomes quickly.

Paxata, a US-based company, is the pioneer of self-service data preparation and a leading data fabric provider.

The countries covered in the data fabric market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.