The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Data Fabric Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Data Fabric Industry Analytical Overview (2023-2028): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Data Fabric Market is projected to grow at a CAGR of around 25.5% during the forecast period, i.e., 2023-28. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2023 to 2028.
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What is Included in Data Fabric Market Segmentation?
The report has segmented the market into the following categories:
By Type
- Disk Based
- In-Memory
By Organization Type
- Large Enterprise
- Medium-Sized Enterprise
- Small- Sized Enterprise
By Deployment Model
- On-Premise
- On- Demand
By Components
- Software
- Services
- Managed Services
- Professional Services
By Business Application
- Fraud Detection and Security Management
- Governance, Risk, and Compliance Management
- Customer Service Management
- Sales and Marketing Management
- Business Process Management
- Others
By Industry Verticals
- Banking, Financial Services and Insurance
- Telecommunication and IT
- Retail and E-Commerce
- Healthcare and Life Sciences
- Manufacturing
- Government
- Energy and Utilities
- Media and Entertainment
- Others
The Banking, Financial Services, And Insurance (BFSI) Sector captured the major market share owing to the surging e-banking services in the historical years. By using data fabric technologies for ongoing innovation and improvements, banks can use machine learning (ML) and artificial intelligence (AI) to create new business models and improve the customer experience.
In addition, this technology can be used by businesses to comply with open banking standards and regulations. Being a solution to open banking, data fabric makes it simpler for companies to manage, keep and access data securely and consistently. Furthermore, increasing focus on customer services, risk, and compliance management by the banking and financial sector would further augment the industry in the coming years.
By Region
- North America
- South America
- Asia-Pacific
- Europe
- Middle East & Africa
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Key Factor Driver Data Fabric Industry Growth by 2028
Key Driver: The Ever-Increasing Need to Realize Machine-Enabled Data Integration Owing to Proliferating Business Data
Increased internet usage and the number of connected devices, including smartphones, laptops, tablets, and PCs, directly impact the volume and variety of corporate data. In addition, social media and blogs also generate massive amounts of data, while sensors and cameras continuously collect location information for surveillance. As such, data is gathered from the data fabric for analytics purposes, and businesses utilize these data due to the rising demand for sophisticated analysis.
Who are the Key Players Operating in the Data Fabric Industry?
The top companies of the Data Fabric market ruling the industry are:
- Denodo Technologies
- Global IDS
- IBM Corporation
- Informatics
- NetApp Inc
- Oracle Corporation
- SAP SE
- Software AG
- Splunk, Inc.
- HP Enterprise Company
- Others
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the Data Fabric Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the Data Fabric industry?
- Which is the Leading segment in the market?
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