The global data fabric market is anticipated to exhibit significant CAGR of 22.8% during the forecast period (2021-2027). The data fabric unifies disparate data sources and streams across many different topologies and provides multiple ways of accessing and working with that data for organizational personnel, and with the larger fabric as a contextual backdrop. The major factors contributing to the growth of the market include increasing volume and diversity of business data, new demands for business agility and accessibility, and growing demand for real-time streaming analytics.
As per the National Association of Software and Service Companies (Nasscom), the IT services industry grew 2.7% to $99 billion in 2020-21. The growth of the IT industry has further driven the demand for data analytics for taking required decisions. Therefore, the growing demand for data analytics across end-user industries is making considerable contribution to the growth of the global data fabric market. The lack of skilled workforce with data fabric architecture knowledge may hamper the growth of the data fabric market to a certain extent. The growing adoption of cloud based services among end-user is anticipated to offer lucrative opportunity for the growth of the data fabric market.
Impact of COVID-19 pandemic on data fabric industry
The COVID-19 pandemic has made positive impact on the demand for data fabric market. With onset of COVID-19 pandemic, the work from home mandates have led service providers to ensure that mission-critical enterprise customers have the necessary tools and technologies to enable the speed, security, quality, and overall efficacy of services provided. The rising demand for agility and accessibility across IT enterprises amid COVID-19 pandemic is anticipated to drive the growth of the global data fabric market.
Segmental Outlook
The data fabric market is segmented on the basis of component, type and application. Based on component, the data fabric market is segmented into solution and services. Based on type, the data fabric market is segmented into disk-based data fabric and in-memory data fabric. Based on application, the market is segmented into fraud detection and security management, customer experience management, governance, risk, and compliance management, sales and marketing management, business process management, and others.
Business Process Management held Considerable Share based on Application
The rapid adoption of automation technologies across the several end-user industries such as manufacturing, retail, BFSI, and healthcare among others is a key factor driving the growth of this market segment. This is due to the fact that business automation is a key component of business process management. Apart from industrial automation, cohesive government policies to increase digitalization, and rising adoption of business process automation solutions to gain cost competitiveness are some other factors driving the growth of this market segment.
Global Data Fabric Market Share by Application, 2020 (%)
Regional Outlook
The global data fabric market is further segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. In 2020, the North America held considerable market share of XX% in data fabric market. The well-established IT industry of the US and rapid adoption of automation in different industries such as retail, healthcare, and manufacturing is the foundation stone for the growth of the regional market. According to the Executive Office of the President of the US, the US’ 30 million SMEs account for nearly two-thirds of net new private sector jobs in recent decades. The high presence of SMEs & MSMEs across the region is further promoting the growth of the regional market.
Global Data Fabric Market Growth, by Region 2021-2027
Asia-Pacific will augment With the Significant Growth Rate in the Data fabric Market
Asia-Pacific is projected to showcase highest CAGR of XX% during the forecast period. The rise in development of IT infrastructure, rising demand for advanced data analytics, and growing penetration of Multi-national Corporation in the region are some of the key factors driving the growth of the regional market. The rising penetration of key vendors in the region is further contributing to the growth of the Asia-Pacific data fabric market. For instance, in June 2021, Talend opened its newest regional cloud data infrastructure in Australia to support Talend's expansion and growth in Asia-Pacific. Talend's new cloud data infrastructure will provide Australian enterprises with confidence and clarity into their data while addressing regional data sovereignty, privacy, residency, and performance requirements.
Market Players Outlook
The global data fabric market is characterized by the presence of several market players that are catering to a wide range of customers across the globe. Some of the key vendors of data fabric include Dell Technologies, Inc., HP Enterprise, IBM Corp., NetApp Inc., Oracle Corp., SAP SE, Software AG, Starburst Data Inc. and so on. The key vendors of the data fabric are adopting several growth strategies such as mergers & acquisition, collaboration, and partnership, and so on to remain competitive in the data fabric market.
Recent Development
The Report Covers
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Data Fabric Industry
• Recovery Scenario of Global Data Fabric Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.2. Impact of COVID on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Data Fabric Market by Component
5.1.1. Solution
5.1.2. Services
5.2. Global Data Fabric Market by Type
5.2.1. Disk-Based data Fabric
5.2.2. In-Memory data Fabric
5.3. Global Data Fabric Market by Application
5.3.1. Fraud Detection and Security Management
5.3.2. Customer Experience Management
5.3.3. Governance, Risk, and Compliance Management
5.3.4. Sales and Marketing Management
5.3.5. Business Process Management
5.3.6. Others
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. CluedIn ApS
7.2. Dell Technologies, Inc.
7.3. Denodo Technologies, Inc.
7.4. Global IDs
7.5. HP Enterprise
7.6. IBM Corp.
7.7. Idera Inc.
7.8. Informatica LLC
7.9. NetApp Inc.
7.10. Nexla Inc.
7.11. Oracle Corp.
7.12. QOMPLX Inc.
7.13. SAP SE
7.14. Software AG
7.15. Splunk Inc.
7.16. Starburst Data Inc.
7.17. Stardog Union Inc.
7.18. Syncsort Inc. (Precisely)
7.19. Talend
7.20. Teradata Corp.
7.21. TIBCO Software Inc.
1. GLOBAL DATA FABRIC MARKET BY COMPONENT, 2020-2027 ($ MILLION)
2. GLOBAL DATA FABRIC SOLUTION MARKET BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL DATA FABRIC SERVICES MARKET BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL DATA FABRIC MARKET BY TYPE, 2020-2027 ($ MILLION)
5. GLOBAL DISK-BASED DATA FABRIC MARKET BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL IN-MEMORY DATA FABRIC MARKET BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL DATA FABRIC MARKET BY APPLICATION, 2020-2027 ($ MILLION)
8. GLOBAL DATA FABRIC FOR FRAUD DETECTION AND SECURITY MANAGEMENT MARKET BY REGION,2020-2027 ($ MILLION)
9. GLOBAL DATA FABRIC FOR CUSTOMER EXPERIENCE MANAGEMENT MARKET BY REGION,2020-2027 ($ MILLION)
10. GLOBAL DATA FABRIC FOR GOVERNANCE, RISK, AND COMPLIANCE MANAGEMENT MARKET BY REGION,2020-2027 ($ MILLION)
11. GLOBAL DATA FABRIC FOR SALES AND MARKETING MANAGEMENT MARKET BY REGION,2020-2027 ($ MILLION)
12. GLOBAL DATA FABRIC FOR BUSINESS PROCESS MANAGEMENT MARKET BY REGION,2020-2027 ($ MILLION)
13. GLOBAL DATA FABRIC FOR OTHER APPLICATION MARKET BY REGION,2020-2027 ($ MILLION)
14. GLOBAL DATA FABRIC MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
15. NORTH AMERICAN DATA FABRIC MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
16. NORTH AMERICAN DATA FABRIC MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
17. NORTH AMERICAN DATA FABRIC MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
18. NORTH AMERICAN DATA FABRIC MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
19. EUROPEAN DATA FABRIC MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
20. EUROPEAN DATA FABRIC MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
21. EUROPEAN DATA FABRIC MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
22. EUROPEAN DATA FABRIC MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
23. ASIA-PACIFIC DATA FABRIC MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
24. ASIA-PACIFIC DATA FABRIC MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
25. ASIA-PACIFIC DATA FABRIC MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
26. ASIA-PACIFIC DATA FABRIC MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
27. REST OF THE WORLD DATA FABRIC MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
28. REST OF THE WORLD DATA FABRIC MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
29. REST OF THE WORLD DATA FABRIC MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL DATA FABRIC MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL DATA FABRIC MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL DATA FABRIC MARKET, 2021-2027 (%)
4. GLOBAL DATA FABRIC MARKET SHARE BY COMPONENT, 2020 VS 2027 (%)
5. GLOBAL DATA FABRIC MARKET SHARE BY TYPE, 2020 VS 2027 (%)
6. GLOBAL DATA FABRIC MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
7. GLOBAL DATA FABRIC MARKET SHARE BY GEOGRAPHY, 2020 VS 2027, (%)
8. GLOBAL DATA FABRIC SOLUTION MARKET BY REGION, 2020 VS 2027 (%)
9. GLOBAL DATA FABRIC SERVICES MARKET BY REGION, 2020 VS 2027 (%)
10. GLOBAL DISK-BASED DATA FABRIC MARKET BY REGION, 2020 VS 2027 (%)
11. GLOBAL IN-MEMORY DATA FABRIC MARKET BY REGION, 2020 VS 2027 (%)
12. GLOBAL DATA FABRIC FOR FRAUD DETECTION AND SECURITY MANAGEMENT MARKET BY REGION, 2020 VS 2027 (%)
13. GLOBAL DATA FABRIC FOR CUSTOMER EXPERIENCE MANAGEMENT MARKET BY REGION, 2020 VS 2027 (%)
14. GLOBAL DATA FABRIC FOR GOVERNANCE, RISK, AND COMPLIANCE MANAGEMENT MARKET BY REGION, 2020 VS 2027 (%)
15. GLOBAL DATA FABRIC FOR SALES AND MARKETING MANAGEMENT MARKET BY REGION, 2020 VS 2027 (%)
16. GLOBAL DATA FABRIC FOR BUSINESS PROCESS MANAGEMENT MARKET BY REGION, 2020 VS 2027 (%)
17. GLOBAL DATA FABRIC FOR OTHERS MARKET BY REGION, 2020 VS 2027 (%)
18. US DATA FABRIC MARKET SIZE, 2020-2027 ($ MILLION)
19. CANADA MARKET DATA FABRIC MARKET SIZE, 2020-2027 ($ MILLION)
20. UK DATA FABRIC MARKET SIZE, 2020-2027 ($ MILLION)
21. GERMANY DATA FABRIC MARKET SIZE, 2020-2027 ($ MILLION)
22. SPAIN DATA FABRIC MARKET SIZE, 2020-2027 ($ MILLION)
23. FRANCE DATA FABRIC MARKET SIZE, 2020-2027 ($ MILLION)
24. ITALY DATA FABRIC MARKET SIZE, 2020-2027 ($ MILLION)
25. REST OF EUROPE DATA FABRIC MARKET SIZE, 2020-2027 ($ MILLION)
26. INDIA DATA FABRIC MARKET SIZE, 2020-2027 ($ MILLION)
27. CHINA DATA FABRIC MARKET SIZE, 2020-2027 ($ MILLION)
28. JAPAN DATA FABRIC MARKET SIZE, 2020-2027 ($ MILLION)
29. REST OFASIA-PACIFIC DATA FABRIC MARKET SIZE, 2020-2027 ($ MILLION)
30. REST OF WORLD DATA FABRIC MARKET SIZE, 2020-2027 ($ MILLION)