Data Fabric Market Outlook On The Basis Of Component, By Deployment, By Type, By Enterprise Size, By Business Applications, By Industry, By Region, And Segment Forecasts, 2022 - 2030

 

San Francisco, 30 November 2023: The Report Data Fabric Market Size, Share & Trends Analysis Report By Component, By Deployment, By Type (Disk-based In-memory), By Enterprise Size, By Business Applications, By Industry, By Region, And Segment Forecasts, 2022 - 2030

The global data fabric market size is expected to reach USD 8.49 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 21.2% from 2022 to 2030. In an extensive data system, data fabric is one of the most significant architectures, providing seamless, real-time integration and access across diversified data silos. There is a considerable growth opportunity in the market that will revolutionize how data is collected, analyzed, and managed.

Data analytics and big data play a more significant role in driving the growth of the global market since they integrate disparate sources of data and provide analytics on them. As data accessibility and business agility become more critical, there is an increase in the adoption of data fabric platforms, which give tools access to data through a wide range of interfaces. However, a lack of data fabric awareness and the absence of a skilled workforce are some factors that hamper the market's growth to a certain extent. In addition, digitalization is a lucrative opportunity for the market growth of data fabrics in emerging economies worldwide.

Traditional programs could be replaced by experiences powered by metadata owing to an accurate data fabric. Although the end user may not recognize the distinction between such experiences and APIs, developing the architecture is easy. The data fabric's network effects, such as data catalog, data integration, and data management, are its most promising feature. A genuine data fabric improves efficiency as it is used more frequently.

The COVID-19 epidemic has only accelerated the market for data fabric's strategic orientation. Data and analytics executives understand that they require automation help rather than continuing to invest in human data integration. Teams that integrate data are constantly changing. The volume of data and, thus, the number of requirements for data integration are increasing exponentially even as team sizes are decreasing. This disparity between supply and demand shows that automation and augmentation must be urgently prioritized. The data fabric architectural design, a crucial use case for this year, must be given increased attention to supporting augmented data integration.

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The volume and variety of corporate data are directly impacted by increased internet usage and the number of connected devices, including smartphones, laptops, tablets, and PCs. For instance, sensors and cameras constantly collect location data for monitoring purposes. Businesses' use of data analytics is driven by the growing demand for insightful data analysis, and the data is collected from the data fabric for analytics purposes.

Data Fabric Market Report Highlights

• Europe is expected to witness significant growth over the forecast period. The significant factors contributing to the market's development include increasing volume and variety of business data
• Government regulations and data security abiding laws are expected to act as a catalyst in driving the fraud detection and security management segment
• Data fabric utilizes ML capabilities of data integration, knowledge graphs, and active metadata enabling faster access to trusted data across distributed landscapes
• Asia Pacific is anticipated to witness the highest CAGR during the forecast period. Growing AI and ML adoption across the industries in the region is expected to support the growth

The proliferation of online platforms and the digital revolution have accelerated data generation. The businesses keep the data and the knowledge derived from various remote sources. Thus, offering quick access to the data across distant landscapes presents numerous issues for data management providers. The dispersion and variety of business data assets increase data management and data integration complexity, thus increasing the likeliness of data fabric adoption in organizations.

Data Fabric Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 1,821.0 million
Revenue forecast in 2030	USD 8.49 billion
Growth rate	CAGR of 21.2% from 2022 to 2030
Base year for estimation	2021
Historical data	2017 - 2020
Forecast period	2022 - 2030

Big data analytics has recently drawn much attention from practitioners and researchers. Global investments in big data analytics have increased to a million dollars from private and public sources. The demand for big data analytics technologies is driven by a rapid increase in data volume and complexity due to increasing cloud computing and mobile data traffic, as well as the development and adoption of technologies like artificial intelligence (AI) and the internet of things (IoT). Companies are predicted to build a data fabric to power enterprise-wide data and analytics and automate many of the tasks involved in data exploration, integration, ingestion, and preparation.

List of Key Players in the Data Fabric market

• Atlan Pte. Ltd
• IBM
• Oracle
• Talend
• SAP
• Informatica Inc.
• Cloudera Inc.
• TIBCO Software Inc.
• Amazon Web Services, Inc.
• data.world, Inc.