Press release
Data Fabric Market Trends, Top Manufactures, Industry Growth Analysis and Forecast 2030
Data fabric is a single environment that consists of a unified architecture, technologies, or services, running on that architecture, helping organizations manage their data more efficiently. The goal of data fabric is to maximize that value of data in order to accelerate digital transformation. Data fabric connects to any data source through pre-packaged connectors, mitigating the need for coding. Further, data fabric also supports real-time data, and enable data sharing with external and internal stakeholders through API.
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Competitive Landscape
The global data fabric market is marked by intense competition by the major players operating in this space. Tactical mergers & acquisitions, joint ventures & partnerships, technological innovations are some of the key strategies taken up by the major players in order to ensure long term sustenance in this industry. IBM Corporation, NetApp, Inc. Oracle Corporation, SAP SE, Hewlett Packard Enterprise, and VMWare, Inc. are some of the major companies operating in the space of data fabric market.
In January 2020, Oracle was awarded as a leader in The Forrester Wave Enterprise Data Fabric Q2 2020. The company also received the highest score among all vendors in the Strategy category.
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Market Segmentations and Scope of the Study:
The global market for data fabric is segmented on the basis of offerings into solutions and services. Based on deployment, the global data fabric market is segmented into cloud and on-premise. Based on application, the market for data fabric is segmented into customer experience management, fraud detection, governance, risk management, business process management, and sales & marketing among others. Based on organization size, the market for data fabric is segmented into small & medium enterprise and large enterprises. Further, based on end-use industry, the data fabric market is segmented into BFSI, retail, public sector, healthcare, telecom, energy & power, media & entertainment, aerospace & defense and others. Based on type, the data fabric market is segmented into on-disk and in-memory. Moreover, based on region the data fabric has been segmented into North America, Europe, Asia Pacific, and Rest of the World.
Geographical Analysis
North America led the market for data fabric in 2019, and is expected to continue dominating the market in the coming years. The U.S. is the frontrunner in the growth of the data fabric market within the North American region. Widespread adoption of cloud technology in the U.S. is one of the major factors supporting the growth of the data fabric market in the country. The country has a strong IT infrastructure along with financial capacity to build a strong infrastructure that would support digital transformation and the adoption of advanced technologies such as AI and cloud computing. Europe followed North America in terms of market share.
Asia Pacific is expected to display the fastest growth rate during the forecast period, with China, Japan, and India leading the growth of the data fabric market in the region. India is attracting a lot of investments from foreign investors along with the government to boost up the IT infrastructure in the country.
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Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
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