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2019
Data Fabric Market

Data Fabric Market

by Deployment (On-premise and Cloud), Type (Disk-based Data Fabric and In-memory Data Fabric), Enterprise Size (Small and Medium Enterprises and Large Enterprises), and Industry Vertical (BFSI, Telecommunications & IT, Retail, Healthcare, Manufacturing, Government, Energy & Utilities, Media & Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026
Update Available On-Demand

Report Code: A05865
Pages: 285
Dec 2019 | 7252 Views
Author(s) : Sneha K , Supradip B
Tables: 144
Charts: 84
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COVID-19

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Data Fabric Market Statistics - 2026

The data fabric market size was valued at $812.6 million in 2018, and is projected to reach $4,546.9 million by 2026, growing at a CAGR of 23.8% from 2019 to 2026. 

Fabric technology provides centralized access to data and connects computing resources. It has been in development phase since the advent of grid computing. With further advancements in fabric architectures, data fabric technology has evolved to support interconnected structures and disparate data sources where multiple nodes appear as a single logical unit. In recent data exploration developments, data fabric has evolved to be one of the most significant architecture, which encompasses IT services capabilities that provide seamless, real-time integration, and access across the diversified data silos of a big data system. This is a data fabric market opportunity which is revolutionizing the way data is collected, analyzed, and managed.

Data Fabric Market

Among the deployment, the cloud segment dominated the data fabric market in 2018, and is expected to continue this trend during the forecast period. Data fabric architecture leverages data sources that reside at disparate locations; therefore, it is widely used for integrating cloud-based data sources. This is one of the major factors that is expected to drive the growth of the global market during the forecast period.

North America dominated the overall data fabric market share in 2018, as several major players are operating from this region, owing to rise in need to transform digital data eco-system among business operating in North America. Moreover, rise in IT spending capability of the developing countries in the Asia-Pacific to stay competitive in the global market boosts the growth of the market in Asia-Pacific region during the forecast period. 

Data Fabric Market
By Deployment

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On-premise is projected as one of the most lucrative segments.

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The report focuses on the growth prospects, restraints, and market analysis. The study provides Porter’s five forces analysis of the data fabric industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the data fabric market trends.

Segment review

The data fabric market segmentation includes deployment, type, enterprise size, industry vertical, and region. Depending on deployment, the market is bifurcated into on-premise and cloud Based on type, it is categorized into disk-based data fabric and in-memory data fabric. On the basis of enterprise size, it is divided into small & medium enterprises and large enterprises. Depending on industry vertical, it is categorized into BFSI, telecommunications & IT, retail, healthcare, manufacturing, government, energy & utilities, media & entertainment, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Data Fabric Market
By Type

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Disk-based Data Fabric is projected as one of the most significant segments.

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The market players operating in the data fabric market analysis include Denodo Technologies, Global IDs., Hewlett Packard Enterprise Company, IBM Corporation, NetApp, Oracle Corporation, SAP SE, Software AG, Splunk Inc., and Talend.

Top impacting factors

Surge in big data and data analytics is one of the major factors that drive the growth of the global market owing to its ability to co-locate disparate data sources and provide analytics on the data. Furthermore, with rise in need for business agility and data accessibility, there is an increase in adoption of data fabric platforms as it enable applications and tools to access data using a wide range of interfaces that a business has deployed. However, dearth of skilled workforce and lack of data fabric awareness are some of the factors that hamper the growth of the market to a certain extent. Furthermore, rise in digitalization in emerging economies across the globe provides lucrative opportunity for the data fabric market growth. 

Data Fabric Market
By Enterprise Size

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Small and Medium Enterprises is projected as one of the most significant segments.

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Increase in volume and variety of business data

Rise in plethora of connected devices has proportionately increased the volume and variety of business data generated from these devices. For example, cameras and sensors are deployed to continuously monitor the premises and gather location data. Thus, the need for businesses to drive meaningful insights from the gathered data has increased significantly, which in turn fuels the adoption of data analytics among businesses. Data fabric is widely used as an incursion into analytics framework which is responsible for data integration and management within a single environment from diverse sources. Hence, increase in adoption of big data analytics and rise in demand for analytics drive the growth of the global market during the forecast period. 

Data Fabric Market
By Industry Vertical

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BFSI is projected as one of the most significant segments.

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Rise in need for business agility and data accessibility

Business are opting for big data solutions that curate data and provide instant access to information. With capabilities of big data platforms that increasingly create new opportunities for industries, data accessibility has shifted the need from adoption of big data platform to fast data accessibility architectures such as data fabric. Data fabric has witnessed significant growth as it provides a holistic approach to manage data securely, efficiently, and future-proof the data transactions. This in turn supports business agility and data accessibility at a significant rate; thereby, boosting the growth of the global market in the coming years.

Data Fabric Market
By Region

2026
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific would exhibit the highest CAGR of 26% during 2019-2026.

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Impact of covid-19 on Data Fabric Market:

  • With an increase in the adoption of “work from home” trend during lockdowns, the demand for big data and data analytics have been increased significantly.
  • During the Covid-19 pandemic, numerous industries have adopted digital transformation for continuity of the businesses. This fact increased the demand for data accessibility, therefore, resulting in augmented adoption of the data fabric.

Key Benefits for Data Fabric Market:

  • This study includes the market analysis, trends, and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities of the market.
  • The data fabric market forecast is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the industry.
  • Porter’s five forces analysis illustrates the potency of the buyers & suppliers in the data fabric market.

Data Fabric Market Report Highlights

Aspects Details
By Deployment
  • On-Premise
  • Cloud
By Type
  • Disk-based Data Fabric
  • In-memory Data Fabric
By Enterprise Size
  • Small and Medium Enterprises
  • Large Enterprises
By Industry Vertical
  • BFSI
  • Telecommunications & IT
  • Retail & Ecommerce
  • Healthcare
  • Manufacturing
  • Government
  • Energy & Utilities
  • Media & Entertainment
  • Others
By Region
  • North America  (U.S., Canada)
  • Europe  (Germany, UK, France, Rest of Europe)
  • Asia-Pacific  (Japan, China, India, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Denodo Technologies, Global IDs Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corporation, NetApp, Inc., Oracle Corporation, SAP SE, Software AG, Splunk Inc., Talend S.A.
 

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The data fabric technology will be widely deployed to foster an environment that stimulates innovation and business resources through agility. Moreover, the data fabric technology is expected to gain high momentum among various industry verticals as it ensures secure access to data irrespective of where it is stored and accelerates innovation with fewer resources. Thus, reduction in the cost of overall data transformation activities is expected to drive the growth of the global data fabric market.

In accordance with on-going R&D and activities associated with the data fabric technology, the need for analysis environment with cost-efficient benefit is driving the market at a significant rate across various industry levels. Businesses across the globe are gaining high traction to adopt hybrid cloud as it provides scalability and flexibility of data accessibility. This in turn is expected to boost the growth of the market as the data fabric architecture is capable to weave unifying data fabric across disparate environments and provides the ability to move data across multiple clouds.

Rise in cloud adoption due to increase in need to allow flow of data from cloud and to the cloud across various industry verticals is expected to drive the growth of the market. Furthermore, increase in new and innovative services for cloud architectures is expected to boost the growth of the market during the forecast period. 

Asia-Pacific and North America are witnessing high growth, owing to rise in traction of emerging technologies to analyze data across various industry verticals in these regions. Moreover, well-developed IT infrastructure in North America leads to increase in adoption of technological solutions; thereby, increasing the amount of data generated from disparate sources. In addition, rise in need to gain meaningful insights from the data gathered as well as high demand for instant data access is expected to boost the growth of the market in the region.

The key players operating in the global data fabric market include Denodo Technologies, Hewlett Packard Enterprise Company, Global IDs., IBM Corporation, NetApp, Oracle Corporation, SAP SE, Software AG, Splunk Inc., and Talend. These players have implemented various revenue growth strategies to develop and enhance their product portfolio, strengthen their data fabric market share, and to increase their market penetration.
 

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