Data Fabric Market

Data Fabric Market generated a revenue of USD 1,595.2 Million in 2022 and and estimated to touch USD 10,328.4 million in 2030 and is forecast to witness a 26.3% CAGR during the forecast period (2023-2030), due to the emerging need for organizational agility and data access.

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Major Data Fabric Market Drivers

The factors influencing the global Data Fabric market include rising volume and variety of business data, emerging demand for business agility, growing demand for real-time streaming analytics. Data fabric solutions and services offer opportunities to integrate and process the structured, semi-structured, and unstructured data sets. Not only the business data variety but even the volume of such data sets is on the rise owing to the evolution of disruptive technologies. Sensor data, geo-location data, machine data, data produced from social media platforms, and data from other sources are increasing enormously. Storing and gaining knowledge from these data is a matter of concern for most organizations. In 2020, according to Domo’s Eighth-Annual Data Never Sleeps graphic, every minute of every day, users spent USD 1 million online, take 1.4 million video and voice calls, forwards 150,000 messages on Facebook and watches 404,000 hours of video on Netflix.

The growing adoption of cloud computing, big data tools and multi-tier data center architectures will augment the market growth. Moreover, the data center fabric solutions offer advanced security to sensitive data and information of the enterprises in comparison to the traditionally used alternatives which is expected to offer enormous opportunities to the market. Additionally, the growing trend of the virtualization of data centers has augmented the product utilization for agility and efficiency in organizational tasks, propelling the market growth. Ongoing technological advancements and research and development (R&D) in order to facilitate automation across industries and minimize overall operating costs, are other factors projected to strengthen the market growth.

The novel coronavirus outbreak has forced all businesses to find new options for speedy recovery and attention to an immediate need to access enough data in crisis times. Using data fabric, Ernst & Young (EY) developed Business Resiliency Data Fabric that enables access to data wherever it lives. In 2020, to help alleviate the consequences of a novel coronavirus outbreak, Denodo launched the Coronavirus Data Portal (CDP), which capitalizes data virtualization to unify important datasets originally exposed in different formats from various sources and countries and make the unified data available to the public. Using the CDP and the data virtualization facilities of the Denodo Platform, pmOne developed detailed reports and AI analysis, seamlessly arranging all the information streams in the pmOne Share Cockpit. The association of Denodo and pmOne provided the global community with trustworthy and accurate data about COVID-19 that can be used to come up with new intelligence and reduce its impact. Grocery stores have adopted online ordering, schools and universities in many regions have shifted to 100% online lectures. Hence, these approaches have resulted in the rise of volume and variety of business data, the rise in demand for business agility and data accessibility, and real-time streaming analytics are aiding the data fabric market growth.

Restraint in the Data Fabric Market

However, the key factor restraining the global data fabric market is the organizational culture, built upon storing and analyzing business data using traditional techniques, like data warehouses and data marts. Moreover, legacy systems with poor interfaces, scarce documentation, and untrained IT team are some of the other factors hampering the growth of data fabric market size.

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Deployment Mode Segment Analysis

On-premises deployment mode is estimated to witness a promising CAGR over the forecast period, due to the increasing adoption of on-premises based data center fabric solution by businesses that are vulnerable to data losses and security breaches.
Cloud is expected to lead the market over the next seven years, due to the effectiveness, flexibility, and choice offered by these solutions. Various leading companies have scaled up their advanced analytics and artificial intelligence projects on the cloud, to help businesses make better data-driven decisions to maintain their competitiveness in the market. For instance, in October 2021 – NetApp Inc. introduced the ONTAP data management platform to create a multi-cloud hybrid data management tool. It provides propelled integration and high-performance storage on the public cloud.

Data Fabric Type Segment Analysis

The disk-based data fabric type is expected to hold a higher share during the forecast period, owing to the growing need for data management across various data repositories. Disk-based data fabric offers data access anytime data is needed by applications, minimizes ownership cost, ensures data compliance, and flexibility to transfer data, which is estimated to expand the market growth.

Business Application – Segment Analysis

Based on the Business Application, the Business Process Management segment is expected to grow at a higher CAGR during the forecast period. Business Process Management allows firms to align business functions with customer-specific needs and helps executives evaluate how to deploy, monitor, and measure company inventories. When it is planned well, business process management has the ability to enhance efficiency and productivity, bring down costs, and minimize errors and risk – resulting in optimized results.

Organization Size – Segment Analysis

Based on the Organization Size, the Small and medium-sized enterprises (SMEs) segment is projected to dominate the market during the forecast period. Good data and storage management are of great concern for business continuity in SMEs. Data fabric solutions help SMEs to gain an increase in their productivity, efficiency, marketing, and many other business processes. For instance, SMEs can benefit a lot by investing in customer analytics which involves better product marketing, personalized services, and targeted offers, which can gain a high cost to income advantage.

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Regional – Segment Analysis

Based on the regional, the Asia-Pacific is projected to dominate the market during the forecast period owing to the high adoption of the Internet of Things (IoT) and other disruptive technologies. Government initiatives to develop smart cities in emerging countries such as China and India are estimated to motivate the data fabrics market in this region. Moreover, the region is gaining attraction for new manufacturing units, which are gradually embracing the adoption of advanced technologies.

Top Market Players

Various notable players operating in the market include Denodo Technologies, Global IDs., IBM Corporation, Informatica, NetApp, Oracle, SAP SE, Software AG, Splunk Inc., Talend, among others. 

Key Developments:

• • In 2020, SAP SE announced SAP Data Intelligence 3.1. The update offers features like connectivity and integration, metadata and governance, pipeline modeling, smart processing, and deployment and delivery. It is an on-premise edition of the SAP Data Intelligence platform.
  • In 2020, IBM Corporation announced new capabilities for IBM Cloud Pak for Data. Moreover, this update will help companies drive innovation across their expanding ecosystems and accelerate their digital revolutions. The platform works on Red Hat OpenShift. Hence, it can be installed and managed in any cloud environment.
  • In 2020, Informatica announced an update for the Intelligent Data Platform. This platform was designed to be powered by Informatica’s AI-powered CLAIRE engine. The update would allow businesses to master business-critical data to raise customer retention and loyalty, manage supply chain risk, drive digital commerce, and boost operational activities.

Segments Covered in the Report:

The global Data Fabric market has been segmented on the basis of Component, Data Fabric Type, Business Application, Deployment Mode, Organization Size, Vertical and regions. Based on Component, the market is segmented into Software and Services. The Services segment is further categorized into Managed services and Professional services. The Professional services is further categorized into Consulting, Integration and Support and Maintenance. Based on Data Fabric Type, the market is segmented into Disk-based data fabric and In-Memory data fabric. Based on Business Application, the market is segmented into Fraud Detection and Security Management, Governance, Risk and Compliance Management, Customer Experience Management, Sales and Marketing Management, Business Process Management and Other. Based on Deployment Mode the market is segmented into Cloud and On-premises. Based on Organization Size, the market is segmented into Large enterprises and Small and medium-sized enterprises (SMEs). Based on Vertical, the market is segmented into BFSI, Telecommunications and IT, Retail and E-Commerce, Healthcare and Life Sciences, Manufacturing, Government, Energy and Utilities, Media and Entertainment and Other. 

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Market Segmentation

Global Data Fabric Market by Component

• • Software
  • Services
    • Managed services
    • Professional services
      • Consulting
      • Integration
      • Support and Maintenance

Global Data Fabric Market by Data Fabric Type

• • Disk-based data fabric

• • In-Memory data fabric

Global Data Fabric Market by Business Application

• • Fraud Detection and Security Management
  • Governance, Risk and Compliance Management
  • Customer Experience Management
  • Sales and Marketing Management
  • Business Process Management
  • Other

Global Data Fabric Market by Deployment Mode

• • Cloud
  • On-premises

Global Data Fabric Market by Organization Size

• • Large enterprises
  • Small and medium-sized enterprises (SMEs)

Global Data Fabric Market by Vertical

• • BFSI
  • Telecommunications and IT
  • Retail and E-Commerce
  • Healthcare and Life Sciences
  • Manufacturing
  • Government
  • Energy and Utilities
  • Media and Entertainment
  • Other

Global Data Fabric Market by Region

• • North America Data Fabric Market (Option 1: As a part of the free 25% customization)

    • By Component
    • By Type
    • By Business Application
    • By Deployment Mode
    • By Organization Size
    • By Vertical
    • US Market All-Up
    • Canada Market All-Up

  • Europe Data Fabric Market (Option 2: As a part of the free 25% customization)

    • By Component
    • By Data Fabric Type
    • By Business Application
    • By Deployment Mode
    • By Organization Size
    • By Vertical
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Data Fabric Market (Option 3: As a part of the free 25% customization)

    • By Component
    • By Data Fabric Type
    • By Business Application
    • By Deployment Mode
    • By Application Size
    • By Vertical
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Data Fabric Market (Option 4: As a part of the free 25% customization)

    • By Component
    • By Data Fabric Type
    • By Business Application
    • By Deployment Mode
    • By Organization Size
    • By Vertical
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Data Fabric (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Denodo Technologies
  • Global IDs.
  • IBM Corporation
  • Informatica
  • NetApp
  • Oracle
  • SAP SE
  • Software AG
  • Splunk Inc.
  • Talend