Jul 07, 2020 (Market Insight Reports) -- Selbyville, Delaware According to Market Study Report, Has Added A New Report On Data Fabric Market That Provides A Comprehensive Review Of This Industry With Respect To The Driving Forces Influencing The Market Size. Comprising The Current And Future Trends Defining The Dynamics Of This Industry Vertical, This Report Also Incorporates The Regional Landscape Of Data Fabric Market In Tandem With Its Competitive Terrain.
According to research report a??Global Data Fabric Market Analysis, 2020a??, the market size of data fabric market across the globe is forecast to grow at the CAGR of 25.50% during 2020-25. The major key factors contributing to the growth of the global data fabric market are the increasing digitalization across various industries. Also, the IoT, AI and ML technology adoption are resulting in a large volume of data, due to which the demand and market size of data fabrics is growing globally. However, the COVID-19 pandemic impacted the market negatively as the numerous organizations, manufacturing, industries had to halt the operations due to the lockdown and curfew.
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The Global Data Fabric Market Analysis, 2020 research report depicts a deep dive market analysis of statistics of Global Data Fabric market which consists of global, region-wise market size, forecast, CAGR market segmentation, market share of types of data fabrics, Organization Size, Deployment Mode, Components, Business Applications, Industry Verticals, etc.
Furthermore, the escalating need for data visibility, accessibility, management, and real-time data analytics id further augmenting the market size of data fabrics. However, the lack of awareness about the data fabrics among end-users is acting as a market growth hinderer in the industry.
Asia Pacific to Grow with the Highest CAGR in Forthcoming Years
In 2019, North America grabbed the major market share in the global data fabric market. The surging number of medium and large enterprises along with growing inclination towards the digital technologies in countries such as the U.S and Canada is resulting in the need for data fabrics. Also, the presence of numerous local and foreign solution providers in the region is one of the key factors contributing to the growth of the data fabric market.
However, APAC is expected to grow at the highest CAGR during the forecast period on account of increasing industrial automation. Moreover, the surging number of a smart house and smart city projects in the region would further augment the market size growth in the data fabric industry.
Fraud Detection and Security Management to Capture Major Market Share
In 2019, fraud detection and security management grabbed the major market share in 2019 owing to the rising inflow and outflow of business data. Moreover, the increasing digitalization across industries such as banking and financial services, healthcare, education, retail and e-commerce resulting in large volume data, which is very confidential for any organization for the analytics purpose. Therefore, the market share of Fraud Detection and Security management is surging with the escalating digitalization.
Also, the banking, financial services, and insurance sector captured the major market share in 2019 owing to the surging e-banking services in the BFSI sector. Moreover, the complexity and importance of data generated from each transaction generated the demand for data fabrics. Furthermore, increasing focus on customer services, risk and compliance management by the banking and financial sector would further augment the data fabric market in the forecast period too.
Based on Data Fabric Type, the Disk-based type grabbed the major market share in 2019 on account of the growing need for data simplification and integration to accelerate digital transformation. Furthermore, the services segment captured major market share in 2019, owing to the escalating need for consultation, support, and maintenance along with the education and training.
The major demand for the data fabrics is emerging from large enterprises due to the continuous rise in the volume of data daily. Therefore, the large enterprise was the major market shareholder in 2019. Also, the on-premise deployment is majorly contributing to the data fabric market due to increasing globalization and expansion of industries which creates the need for data accessibility from any geographical area, as revealed by the research report a??Global Data Fabric Market Analysis, 2020a??.
According to the availability of numerous local and foreign players across the countries makes the global industry highly competitive. The key players with a considerable share in the industry are Denodo Technologies, Global IDS, IBM Corporation, Informatics, NetApp Inc, Oracle Corporation, SAP SE, Software AG, Splunk, Inc., Syncsort, Talend S.A, VMware Inc, HP Enterprise Company, Teradata Corporation, K2View, etc.
The players are launching new solutions, doing strategic alliances to gain a competitive advantage in the industry. For instance: In 2019, Splunk announced the launch of a??Data Fabric Searcha?? for federated search and a??Data Stream Processora?? for stream processing for the access and process of huge datasets more quickly.
Key Questions Answered in the Market Research Report
What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Data Fabric Industry?
What are the country-wise industry size, growth drivers and challenges, and key market trends?
What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges Global Data Fabric market?
Who are the key competitors or market players and how they perform in the Global Data Fabric benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of the Global Data Fabric market study?
Market Outlook, Segmentation, and Statistics
Global Data Fabric Market Outlook, 2015-2025F
a?? Market Size & Analysis
a?? Market Share & Analysis
o By Type
o By Organization Type
Small- Sized Enterprise
o By Deployment Model
o By Components
o By Business Application
Fraud Detection and Security Management
Governance, Risk, and Compliance Management