According to the recent study the data fabric market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 30% to 32% from 2023 to 2028. Growth in this market is primarily driven by increasing use of data fabric to integrate and analyse various types of data sets to provide businesses with real-time insights and growing industry adoption of data fabric to extract valuable inputs from any form of data.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in data fabric market by component (solutions and services), product type (disk-based and in-memory), organization size (SMEs and large enterprises), deployment mode (on-premises and cloud), application (fraud detection and security management, governance, risk and compliance management, customer intelligence, sales and marketing management, business process management, preventative maintenance analysis, and others), end use industry (banking, financial services, and insurance (BFSI, government, defense and public agencies, manufacturing, healthcare & life sciences, energy and mining, telecom, media & entertainment, and retail & ecommerce), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Services market is expected to remain the largest segment during the forecast period.”
Based on component, the data fabric market is segmented into solutions and services. Lucintel forecasts that the services market is expected to remain the largest segment due to the increasing need for data fabric across industries as they set out a suitable platform to run and support their apps.
“Within the data fabric market, the in-memory segment is expected to remain the largest product type”
Based on product type the in-memory segment is expected to witness the highest growth over the forecast period due to the increasing demand for in-memory data fabric solution among industries to provide speedy data access, support, and forecast real-time data insights.
“North America will dominate the data fabric market in near future”
North America will remain the largest region due to the increasing use of data fabric as a solution for advanced technologies across the economy, growing IT-based data, and stringent data-protection laws create a chance for data fabric vendors in the region.
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Major players of data fabric market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. IBM, SAP, Oracle, Informatica, Talend, and Denodo are among the major data fabric providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/data-fabric-market.aspx or [email protected]