The global data fabric market is anticipated to exhibit significant CAGR of 22.8% during the forecast period (2021-2027). The growing utility of big data analytics in different end-user verticals for different applications is a key factor driving the growth of the global data fabric market. A significant rise in big data has been contributing to the adoption of big data analytics across industries such as BFSI, telecom & IT, manufacturing and retail. The need for big data analytics tools is ever-growing as the data generation speed has increased at a fast pace due to increased dependency on the internet.
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According to the World Economic Forum, it is predicted that by 2020 that the amount of data produced by all sectors will reach a staggering 44 zettabytes indicating the need for data management to store, retrieve and secure data. Moreover, a growing number of organizations capitalizing on object storage to focus on data orchestration, data discovery, data preparation, and model management to create structured data from unstructured data, allowing metadata to be used to make sense of the tones of data generated by AI and ML workloads. Data fabric simplifies and integrates data management across cloud and on premises to accelerate digital transformation. Therefore, the growing demand for data analytics across the globe to make decisive business decisions is anticipated to drive the growth of the global data fabric market.
A Full Report of Global Data Fabric Market is Available at: https://www.omrglobal.com/industry-reports/data-fabric-market
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Data Fabric Market Report Segment
By Component
- Solution
- 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
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
