Market Research Report
Data Fabric Market 2021-2027
|Data Fabric Market 2021-2027|
Published: July 28, 2021
Orion Market Research Pvt Ltd
Delivery time: 2-3 business days
Full-title:Global Data Fabric Market Size, Share & Trends Analysis Report by Component(Solution, and Services) by Type (Disk-Based data Fabric, In-Memory data Fabric) by Application (Fraud Detection and Security Management, Customer Experience Management, Governance, Risk, and Compliance Management, Sales and Marketing Management, Business Process Management, Others) Forecast period (2021-2027).
The global data fabric market is anticipated to exhibit significant CAGR of 22.8% during the forecast period (2021-2027). The significant rise in demand for data analytics, data management technologies across several end-user industries has accelerated the demand for data fabric solution which in turn has driven the growth of the global data fabric market. The increasing deployment of cloud-based services owing to their offered advantages is anticipated to offer lucrative opportunity for the growth of the global data fabric market.
The data fabric market is segmented on the basis of component, type and application. Based on component, the data fabric market is segmented into solution and services. Based on type, the data fabric market is segmented into disk-based data fabric and in-memory data fabric. Based on application, the market is segmented into fraud detection and security management, customer experience management, governance, risk, and compliance management, sales and marketing management, business process management, and others.
The global data fabric market is further segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. In 2020, the North America held considerable market share of XX% in data fabric market. The well-established IT industry of the US and rapid adoption of automation in different industries such as retail, healthcare, and manufacturing is the foundation stone for the growth of the regional market. According to the Executive Office of the President of the US, the US' 30 million SMEs account for nearly two-thirds of net new private sector jobs in recent decades. The high presence of SMEs & MSMEs across the region is further promoting the growth of the regional market.
The major players contributing into the global data fabric market include Dell Technologies, Inc., HP Enterprise, IBM Corp., NetApp Inc., Oracle Corp., SAP SE, Software AG, Starburst Data Inc. and so on. The key vendors of the data fabric are adopting several growth strategies such as mergers & acquisition, collaboration, and partnership, and so on to remain competitive in the data fabric market.
The market study of the global data fabricmarket is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.