In 2023, it is projected that the global Data Fabric Market size can be worth USD 2.43 billion. With a CAGR of 15.54%, it is projected to reach USD 10.29 billion by 2033.
The use of big data analytics, which allows for the co-location of various data sources and the provision of analytics on the data, is one of the key reasons for promoting the expansion of the global market.
As the demand for business agility and data accessibility rises, more platforms for data fabric are being used because they allow tools and applications to access data through a variety of deployed interfaces.
A couple of the problems that limit the market's growth include a shortage of qualified labor and a lack of data fabric knowledge. A profitable opportunity for the expansion of the data fabric industry is provided by the surge in digitalization in emerging economies around the world.
Grocery stores primarily focus on online ordering and delivery, but many schools now use digital classrooms and online learning. The quantity and variety of company data have increased as a result of these strategies.
The desire for real-time streaming analytics, corporate agility, and data portability, among other things, is contributing to the expansion of the data fabric industry.
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Advancement in digital transformation to pick up speed market growth
Industries worldwide have been badly damaged by the outbreak. Industries are confronting serious difficulties as a result of the disruption of production facilities, and supply chains, capacity restrictions for internal staff, and sluggish customer service.
In the midst of pandemic challenges, there has been a major change in remote working options and the digital revolution. Massive digitalization led to the emergence of fresh, unstable data sources. For businesses in the data fabric market trying to manage large amounts of data, this caused chaos.
For instance, Blackboard Inc. saw a sudden increase in daily log volumes in 2020 as more and more students shifted to using online learning resources.
The data fabric industry was valued at USD 2.1 billion in 2022 up from USD 1.18 billion in 2018.
| Attributes | Details |
|---|---|
| Data Fabric Market CAGR (From 2023 to 2033) | 15.54% |
| Data Fabric Market Size (2023) | USD 2.43 billion |
| Data Fabric Market Size (2033) | USD 10.29 billion |
For effective business operations and excellent results, it is crucial to have secure and reliable data. Companies can obtain secure data by adhering to international laws protecting sensitive client or customer information.
It has become essential for businesses all around the world to use more secure data management systems. A further layer of security against unwanted access and data exploitation is provided by data fabric, a well-structured architecture. By providing a secure-by-design architecture, its ecosystem offers dependable data management.
The architecture's operational capabilities are enhanced by the use of artificial intelligence and machine learning tools.
The solution's enhanced data security features are anticipated to accelerate data fabric market growth.
Principal Consultant
The process of generating data has been accelerated by digital transformation and the widespread use of Internet platforms. The businesses keep the data from various remote sources as well as the insights that are gained from it.
So, offering quick access to the data across these distant landscapes presents a number of issues for data management companies. Data management and integration become more challenging as a result of the increased spread and variety of business data assets.
To support data management methods, data analytics businesses are investing in cutting-edge technologies. There is a growing number of data fabric architectures demand that is based on artificial intelligence or machine learning.
New tools and methodologies enable the development of intricate data use cases. Its capacity to expedite data and analytics design and offer transparent decision-making flow is what drives its need for company survival.
The AI/ML-powered solutions provide quick access to data to assist firms in developing fresh marketing plans and identifying prospective customers. When it comes to supplier and customer ends, it offers 360-degree crucial information that boosts data fabric sales.
Strong Points
Weak Spots
Windows of Opportunity
Vulnerabilities
Data is a crucial component of data-driven enterprises that serve a variety of applications. Business functional areas including human resources, finance, sales, operations, and more are all directly connected to data by the architecture.
The history of data transactions is not preserved by these connections, though. For data scientists, business analysts, machine learning engineers, and other users, this transaction may be beneficial. The unit needed to incorporate this data is absent from its architecture.
Similarly, the inability to directly govern data stored in the cloud is limited by the lack of sight. The governance and protection of the data that is being kept are anticipated to be impacted, which may restrict the growth of the data fabric market.
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| Segment Share | Details |
|---|---|
| Solution Segment | 81% |
| Service Segment | 19% |
Throughout the forecast period, the solution sector to take up the dominant portion. The increased popularity of data fabric systems can be ascribed to advancements in corporate data administration. The approach also promotes corporate agility by reducing the barrier created by data divisions and enabling real-time streaming analytics.
In 2023, the service segment held a 19% revenue share. The services sub-segment is expected to develop at an exponential rate during the projected period. Market participants offer consumers expert services. Conventional data integration cannot meet the expectations of today's businesses due to real-time connection, self-service, automation, and pervasive business transformations.
Despite the fact that many organizations are able to collect data from diverse sources, they frequently struggle to integrate, organize, curate, and transform it. The data fabric market's services segment is therefore expected to expand.
| Segment Share | Details |
|---|---|
| On-Premises Segment | 62% |
| Cloud Segment | 38% |
With a significant data fabric sales share the on-premises segment commanded the upper hand. Due to the high initial capital costs as well as continuous support and operating expenses, on-premises deployment appears to have a lesser market share than cloud by the end of the projected period.
Also, because the software must be installed on separate servers and devices, the installation procedure takes longer.
| Segment Share | Details |
|---|---|
| Disk-based Data Fabric Segment | 78.7% |
| In-memory Data Fabric Segment | 21.3% |
With a considerable sales share the disk-based data fabric sub-segment commanded the data fabric type sector. Throughout the forecast period, the sector is projected to retain a sizable proportion.
Disk-based data fabric dominates the data fabric market due to the rising need for data administration across multiple data sources and data integration, as well as lower costs associated with data compliance and management. Because in-memory databases are faster than disk-based databases, rapid progress is envisaged.
As in-memory databases store data in hardware memory and may be utilized in the cloud or on-premises with commodity hardware setups, they reduce time while analyzing data. This utilization is expected to prop up demand for in-memory databases.
| Segment Share | Details |
|---|---|
| Large Enterprise Segment | 69.5% |
| Small and Medium Enterprise Segment | 30.5% |
The large enterprise segment in the data fabric market had a significant revenue share in 2023. Larger businesses use a lot of digital data, and this trend is expanding.
Furthermore, these organizations routinely combine and manage their data. With the emergence of multiple data management technologies such as data pipelining, data governance, data orchestration, and data catalog, there is a need for design to optimize the value of the massive volumes of data contained in data structures.
Demand for data fabric is expected to rise in the future years. In 2023, the SME segment had a 30.5% revenue share, and during the projected period, it is anticipated to grow significantly. The sector is expected to grow due to the rising demand for data analytics and the utilization of the data that is already available within the organization.
Data fabric standardizes data management processes across on-premises, cloud, and auxiliary devices. A further expectation is that promotional incentives like free samples can hasten the adoption of the data fabric design in small and medium-sized firms.
| Segment Share | Details |
|---|---|
| Fraud Detection Segment | 27% |
The fraud detection category had a significant revenue share in 2023, with a significant share. A resilient business data fabric is one of the foundations of a cyber-security environment. Data fabric increases the efficiency of business processes while also improving data security with suitable protective measures. The governance, risk, and compliance management segment in the data fabric market maintains a substantial proportion.
Data governance tries to guarantee that you are in compliance with data protection constraints and that you have a clear understanding of the data that is present, where it lives, and what it can be used for.
The characteristics of data fabric, which simultaneously extract all data resources from all locations, are what drive the segment's expansion.
| Segment Share | Details |
|---|---|
| BFSI Income Share | 23% |
BFSI had a significant income share in 2023 for the data fabric market. Several state laws support the sharing of consumer data with the goal of enhancing customer satisfaction, fostering innovation, and increasing productivity. Data fabric, an open banking system, streamlines data management for businesses.
A consistent set of safeguards are used while handling, storing, and viewing data. The only significant steps towards digitalization have been pilot projects in the energy and electrical industries; no significant programs have been implemented.
Aging IT networks that rely on conventional techniques are the main culprit. The addition of data mesh to existing DWH technologies has resulted in cost reductions that have allowed for data transparency, scalability, and development speed across numerous complex client enterprises.
With nearly 47%, North America had the maximum income share for the data fabric market. Since there are numerous companies offering data management solutions in the United States, North America holds a massively disproportionate part of the global market.
The area is regarded as one of the pioneers in advancing technological adoption. The United States data fabric market has the majority of the world's data centers, which is one of the key market-driving drivers. Another is the rise in unstructured data collection.
During the duration of the forecast, the Asia Pacific region is expected to have substantial growth. Some of the elements that might accelerate the adoption of the solution in the Asia Pacific include an increase in data centers and a quickening shift toward digitization.
China is the second-leading data center, and adopter, trailing only the United States. According to the report, China's big data analytics business may continue to grow steadily in the future years.
Big data technologies are rapidly expanding throughout Europe, creating a data fabric market.
The growing usage of electronic devices and networks, improvements in information and communication technology, and the digitalization of manufacturing processes generate massive amounts of data every day as a result of social and economic activity. Europe's major countries include the United Kingdom, Germany, France, Russia, Nordic countries, and Italy.
Product demand is increasing in the Middle East and Africa market as a result of cloud and IoT usage, impending mobile business intelligence, and domain-specific solutions. Similarly to this, the growing adoption of analytical solutions by businesses of all sizes is propelling the growth of the South American data fabric market.
The key factors influencing the South American market expansion include a high emphasis on automation and fraud protection across industries and increased demand for SaaS.
Increasing Market Share by Improving Data Management Services and Technology
Data fabric manufacturers in the industry collaborate to combine their technical skills in analytics, cloud integration, and AI to provide superior insights to consumers based on their demands. Similarly, in order to extend their market presence, these businesses are investing in innovations and improvements.
The innovation can be a new product, a new service, or an enhancement to a current product that is meant to generate market demand and provide a solution to the demands of the customer or partner.
Analyzing Major Companies, Strategy, and Market Share in the Global Data Fabric Business
Launch
| Company | TIBCO Software Inc. |
|---|---|
| Strategy | TIBCO Software Inc. has released TIBCO DQ. |
| Details | TIBCO Software Inc. released its new product TIBCO DQ, as well as enhancements to its Data Virtualization and Unify products, in September 2021. The product assists enterprises in putting together the agile tool on any cloud. It also has AI and machine learning capabilities for automatic detection and monitoring. |
| Company | NetApp Inc. |
|---|---|
| Strategy | NetApp Inc. released ONTAP data management software. |
| Details | NetApp Inc. introduced ONTAP data management software in October 2021 to create a hybrid multi-cloud data management platform. It provides high-performance storage and advanced integration with the public cloud. |
| Company | Hewlett Packard Enterprise Corporation |
|---|---|
| Strategy | Hewlett Packard Enterprise Corporation revealed improvements to its HPE Ezmeral software package. |
| Details | Hewlett Packard Enterprise Corporation announced advancements in its HPE Ezmeral software suite in March 2021 to support expanding digital transformation. Its HPE Ezmeral is offered as a standalone platform as well as with integrated features such as ML Ops and HPE Ezmeral Container Platform. |
Agreement
| Company | Hewlett Packard Enterprise Corporation |
|---|---|
| Strategy | NetApp Inc. and Kyndryl have announced a partnership with BMW Group. |
| Details | BMW Group and NetApp Inc. and Kyndryl agreed to collaborate in December 2021 to offer the automaker data architecture. The NetApp fabric aids in the acceleration of the company's unique discoveries. |
Share Acquisition
| Company | Precisely |
| Strategy | Precisely stated, Clearlake and TA Associates may acquire a major stake. |
| Details | Precisely announced in March 2021 that Clearlake and TA Associates can buy a majority share in the company. Centerbridge Partners, their former dominant shareholder, holds only a minority stock holding. The deal is expected to solve complicated business challenges through merger and acquisition (M&A) techniques. |
How can Manufacturers Scale their Businesses in the Data Fabric Market?
The competition in the data fabric business is fierce. This is because the market is incredibly competitive, with numerous firms providing similar services. As a result, to acquire a strategic strength, the competitors are attempting to differentiate themselves.
By 2023, the data fabric market to generate USD 2.43 billion in sales.
By 2033, the global data fabric market to be estimated at USD 10.29 billion.
The data fabric market to broaden at a CAGR of 15.54% through 2033.
Businesses use data analytics as a result of the rising demand for sophisticated data analysis.
North America held a significant market income share at 47%.
With an 81% market share, the solutions segment accounts for the majority.
1. Executive Summary | Data Fabric Market
2. Market Overview
3. Market Background
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component
5.1. Solution
5.2. Services
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Deployment Type
6.1. On-premise
6.2. Cloud
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
7.1. Disk-based Data Fabric
7.2. In-memory Data Fabric
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Enterprise Size
8.1. Small and Medium Enterprise
8.2. Large Enterprise
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
9.1. Fraud Detection and Security Management
9.2. Governance, Risk and Compliance Management
9.3. Customer Experience Management
9.4. Sales and Marketing Management
9.5. Business Process Management
9.6. Other Applications
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Industry
10.1. BFSI
10.2. Telecommunications & IT
10.3. Retail & Ecommerce
10.4. Healthcare
10.5. Manufacturing
10.6. Transportation & Logistics
10.7. Media & Entertainment
11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
11.1. North America
11.2. Latin America
11.3. Europe
11.4. South Asia
11.5. East Asia
11.6. Oceania
11.7. MEA
12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
18. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
19. Key Countries Market Analysis
20. Market Structure Analysis
21. Competition Analysis
21.1. Atlan Pte. Ltd
21.2. IBM
21.3. Oracle
21.4. Talend
21.5. SAP
21.6. Informatica Inc.
21.7. Cloudera Inc.
21.8. TIBCO Software Inc.
21.9. Amazon Web Services, Inc.
21.10. Data world, Inc.
22. Assumptions & Acronyms Used
23. Research Methodology
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Data Fabric Market
