The global data fabric market is anticipated to grow at a CAGR of 24.0% during the forecast period (2022-2028). Data fabric is a technology that provides centralized access to data and connects computing resources. The major factor expected to drive the market growth is the rising volume and variety of company data along with the expanding need of business accessibility and agility. In addition, the surge in demand for real-time streaming analytics, and the increase in the adoption of cloud-based technology are some factors that is driving the global data fabric market during the forecast period. Moreover, an increase in demand for big data analytics technologies owing to increased mobile data and cloud computing traffic, as well as increased development and adoption of technologies such as artificial intelligence (AI) and the internet of things (IoT) are further propelling the growth of the global data fabric market during the forecast period.
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Some major players in the market include Denodo Technologies Inc., IBM Corp., and Oracle Corp., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in September 2021, TIBCO Software Inc. launch TIBCO DQ along with enhancement to its data virtualization and unified products. The company added that the product supports the organization in assembling the agile tool on any cloud, and includes AI and machine learning (ML) capabilities for automated detection and monitoring. Furthermore, in December 2021, NetApp Inc. and Kyndryl together announced the partnership with BMW Group to provide data infrastructure to the automotive organization which also supports the company in accelerating innovative insights.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Deployment
- By Type
- By Enterprise Size
- By Industry Vertical
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Denodo Technologies Inc., IBM Corp., and Oracle Corp., among others.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- 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 by Segment
By Type
- Disk-Based Data Fabric
- In-Memory Data Fabric
By Deployment
- Cloud-Based
- On-Premise
By Enterprise Size
- Small and Medium Enterprises (SMEs)
- Large Enterprise
By Industry Vertical
- BFSI
- Telecommunications & IT
- Retail and Ecommerce
- Healthcare
- Manufacturing
- Government
- Energy and Utilities
- Media and Entertainment
- Education
- Others
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