Global Data Fabric Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. A data fabric is a collection of data services that are used to offer constant capabilities across a range of endpoints in hybrid multi-cloud systems. It is a powerful architecture that regulates data management practices and practicalities in the cloud, on-premises, and edge devices. Factors such as increasing demand for real-time streaming analytics, growing volume and variety of business data, and rising penetration of the cloud are the chief factors that are propelling the market demand across the globe.
According to Statista, in 2020, the total enterprise data volume for cloud repositories was estimated to value of nearly 221 terabytes globally. Also, the amount is projected to reach approximately 498 terabytes by 2022. Thus, the growing data volume by the enterprises is accelerating the Data Fabric market growth. In addition, the rising need for business agility and accessibility, as well as increasing advancements in-memory computing are presenting various growth opportunities to the market over the forecasting years. However, lack of awareness about data fabric and lack of integration with legacy systems are hindering market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Data Fabric Market study includes Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing number of data centers and early adopters of advanced solutions. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising inclination toward digitization and an increase in data collection from unstructured sources.
Major market players included in this report are:
Atlan Pte. Ltd
TIBCO Software Inc.
Amazon Web Services, Inc.
Recent Developments in the Market:
In March 2021, precisely declared the acquisition of Clearlake and TA Associates with most of the shares in the organization. The deal is likely to solve complex business challenges through merger and acquisition (M&A) strategies.
Global Data Fabric Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Component, Deployment, Type, End User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.
The report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Disk-based Data Fabric
In-memory Data Fabric
By End User:
Telecommunications & IT
Retail & Ecommerce
Transportation & Logistics
Rest of the World