Data Mesh Market
Data Mesh Market Size, Share & Trends Analysis Report by Approach (Fine-Grained, Hybrid Federated, Value-Chain-Aligned and Coarse-Grained), by Application (Customer Experience, Data Privacy, Chatbots/Virtual Assistants, Campaign Management, IoT Monitoring and Others), by Vertical (BFSI, Healthcare & Life Sciences, Telecom, Retail & E-Commerce, Government & Public Sector, Energy & Utilities and Others) and by Business Function (Finance & Accounting, Sales & Marketing, Research & Development, Operations & Supply Chain, Human Resources and Others) Forecast Period (2024-2031)
Data mesh market is anticipated to grow at a significant CAGR of 16.4% during the forecast period (2024-2031). A data mesh is a decentralized data architecture that organizes data by a specific business domain for example, marketing, sales, customer service and more to provide more ownership to the producers of a given data set. The producers’ understanding of the domain data positions them to set data governance policies focused on documentation, quality, and access. This, in turn, enables self-service use across an organization.
Market Dynamics
Growing need for Data Democratization
Data democratization, a central tenet of Data Mesh, emphasizes making data accessible and usable to a wider range of stakeholders within an organization. This democratization empowers individuals across various departments and teams to harness the full potential of data, promoting better decision-making and fostering a data-driven culture. Within the framework of data mesh architecture, this need signifies a shift towards empowering various stakeholders across an organization with seamless access to relevant and reliable data. By democratizing data, organizations dismantled traditional silos, fostering a culture where diverse teams can autonomously access, understand and leverage data pertinent to their roles and objectives. This democratized approach not only promotes greater collaboration but also accelerates decision making processes by enabling quick access to real time contextualized data.
Unlocking granular control for data governance
Unlocking granular control for data governance provides organizations with the ability to finely tune and manage various aspects of their data, such as access rights, usage policies, and quality standards among other. When organizations have this level of control, they can implement more effective data governance strategies tailored to their specific needs and regulatory requirements. This increased control over data governance is particularly valuable in the context of a data mesh architecture. In a data mesh setup, where data ownership and management are decentralized across various teams and domains, granular control becomes essential for ensuring that each team can effectively manage their data while still adhering to overall governance standards. By enabling granular control for data governance, organizations can better harness the benefits of a data mesh architecture, leading to improved data quality, increased agility, better decision-making, and ultimately driving growth in the data mesh market as more organizations adopt these principles and seek out tools and solutions to support their implementations.
Market Segmentation
Our in-depth analysis of the global data mesh market includes the following segments by approach, application, vertical, and business function:
- Based on approach, themarket is sub-segmented into fine-grained, hybrid federated, value-chain-aligned and coarse-grained.
- Based on application, the market is sub-segmented into customer experience, data privacy, chatbots/virtual assistant, campaign management, IoT monitoring and others.
- Based on vertical, the market is augmented into BFSI, healthcare & life sciences, telecom retail & e-commerce, government & public sector, energy & utilities and others.
- Based on business function, the market is augmented into finance & accounting, sales & marketing, research & development, operations & supply chain, human resources and others.
Human Resources is Projected to Emerge as the Largest Segment
Based on the business function, the global data mesh market is sub-segmented into finance & accounting, sales & marketing, research & development, operations & supply chain, human resources and others. Among these, human resource (HR) sub-segment is expected to hold the largest share of the market. The emergence of data mesh is causing significant transformation in HR business functions, which are expanding rapidly due to a variety of influential factors. The growing emphasis on employee-centric strategies necessitates a more personalized understanding of workforce data, resulting in the widespread use of data mesh frameworks. HR departments use these frameworks to manage the complexities of various data sources, including employee engagement metrics, performance data, skill inventory, and other pertinent information. Furthermore, the growing importance of AI and analytics in HR functions necessitates a comprehensive and domain-specific data strategy that is consistent with the fundamental principles of data mesh.
Healthcare & Life Sciences Sub-segment to Hold a Considerable Market Share
The healthcare & life sciences segment witnessed for the fastest growth during the forecast period. The increasing volume of healthcare data, which includes patient records, genomic information, and research data, necessitates innovative solutions such as data mesh. The decentralized structure of data mesh aligns with the diverse and specialized domains of healthcare and life sciences, allowing for improved integration and analysis across multiple data sources.
Regional Outlook
The global data mesh market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Asia-Pacific has witnessed the fastest growth in the data mesh market. Companies in the Asia-Pacific region are increasingly adopting data mesh principles to navigate complex data ecosystems. The trend influencing this framework includes a greater emphasis on customized data governance frameworks at the local level, which address the diverse regulatory landscapes in Asia-Pacific countries.
Global Data Mesh Market Growth by Region 2024-2031
North America Holds Major Market Share
Among all the regions, North America holds a significant share experiencing substantial technological growth in the data mesh market devlopment. Companies within the region are progressively adopting the data mesh approach, recognizing its ability to tackle intricate data issues. A significant development is the emergence of dedicated tools and platforms designed specifically to align with data mesh principles. These solutions aim to facilitate decentralized data architectures, fostering smooth integration, accessibility, and governance throughout numerous domains and teams.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global data meshmarket include
• AWS, Inc., Denodo Technologies Inc., K2view Ltd., and IBM Corp. among others.
The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in December 2023, IBM Cloud Pak for Data team announced the general availability of Cloud Pak for Data (CPD) version 4.8. The release includes an array of features tied together with an emphasis around serviceability enhanced the management and maintenance of CPD Platform and services. These serviceability improvements provide more information about the platform to proactively ensure a stable environment for CPD production workloads.
The Report Covers
- Market value data analysis of 2023and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global data mesh market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
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
3.2. AWS, Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. DenodoTechnologies, Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. IBM Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. K2view Ltd.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
4. Market Segmentation
4.1. Global Data Mesh Market by Approach
4.1.1. Fine-Grained
4.1.2. Hybrid Federated
4.1.3. Value-Chain-Aligned
4.1.4. Coarse-Grained
4.2. Global Data Mesh Market by Application
4.2.1. Customer Experience
4.2.2. Data Privacy
4.2.3. Chatbots/Virtual Assistants
4.2.4. Campaign Management
4.2.5. IoT Monitoring
4.3. Global Data Mesh Market by Vertical
4.3.1. BFSI
4.3.2. Healthcare & Life Sciences
4.3.3. Telecom
4.3.4. Retail & E-Commerce
4.3.5. Government & Public Sector
4.3.6. Energy & Utilities
4.4. Global Data Mesh Market by Business Function
4.4.1. Finance & Accounting
4.4.2. Sales & Marketing
4.4.3. Research & Development
4.4.4. Operations & Supply Chain
4.4.5. Human Resources
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Middle East & Africa
5.4.2. Latin America
6. Company Profiles
6.1. Global IDs
6.2. Google LLC
6.3. HPE Company
6.4. Informatica Inc.
6.5. Microsoft Corp.
6.6. Monte Carlo
6.7. NetApp , Inc.
6.8. Oracle Corp.
6.9. Radiant Logic
6.10. SAP SE
6.11. Snowflake Inc.
6.12. Talend S.A.
6.13. Teradata Corp.
1. GLOBAL DATA MESH MARKET RESEARCH AND ANALYSIS BY APPROACH, 2023-2031 ($ MILLION)
2. GLOBAL FINE-GRAINED APPROACH IN DATA MESH MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL HYBRID FEDERATED APPROACH IN DATA MESH MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBALVALUE-CHAIN-ALIGNED APPROACH IN DATA MESH MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
5. GLOBALCOARSE-GRAINED APPROACHIN DATA MESH MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBALDATA MESH MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
7. GLOBAL CUSTOMER EXPERIENCEIN DATA MESH MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBALDATA PRIVACYIN DATA MESH MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBALCHATBOTS/VIRTUAL ASSISTANTSIN DATA MESH MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
10. GLOBALCAMPAIGN MANAGEMENT IN DATA MESH MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. GLOBAL IOT MONITORING IN DATA MESH MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL DATA MESH MARKETRESEARCH AND ANALYSIS BY VERTICAL, 2023-2031 ($ MILLION)
13. GLOBAL DATA MESH MARKET IN BFSIRESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL DATA MESH MARKET IN HEALTHCARE & LIFE SCIENCES RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. GLOBAL DATA MESH MARKET INTELECOMRESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
16. GLOBAL DATA MESH MARKET INRETAIL & E-COMMERCERESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
17. GLOBAL DATA MESH MARKET INGOVERNMENT & PUBLIC SECTORRESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
18. GLOBAL DATA MESH MARKET IN ENERGY & UTILITIESRESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
19. GLOBAL DATA MESH MARKET RESEARCH AND ANALYSIS BY BUSINESS FUNCTION, 2023-2031 ($ MILLION)
20. GLOBAL DATA MESH MARKET BY FINANCE & ACCOUNTINGRESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
21. GLOBAL DATA MESH MARKET BY SALES & MARKETINGRESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
22. GLOBAL DATA MESH MARKET BY RESEARCH & DEVELOPMENTRESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
23. GLOBAL DATA MESH MARKET BY OPERATIONS & SUPPLY CHAINRESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
24. GLOBAL DATA MESH MARKET BY HUMAN RESOURCES RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
25. GLOBAL DATA MESH MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
26. NORTH AMERICAN DATA MESH MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
27. NORTH AMERICAN DATA MESH MARKET RESEARCH AND ANALYSIS BY APPROACH, 2023-2031 ($ MILLION)
28. NORTH AMERICAN DATA MESH MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
29. NORTH AMERICAN DATA MESH MARKET RESEARCH AND ANALYSIS BY VERTICAL,2023-2031 ($ MILLION)
30. NORTH AMERICAN DATA MESH MARKET RESEARCH AND ANALYSIS BY BUSINESS FUNCTION,2023-2031 ($ MILLION)
31. EUROPEAN DATA MESH MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
32. EUROPEAN DATA MESH MARKET RESEARCH AND ANALYSIS BY APPROACH, 2023-2031 ($ MILLION)
33. EUROPEAN DATA MESH MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
34. EUROPEAN DATA MESH MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2023-2031 ($ MILLION)
35. EUROPEAN DATA MESH MARKET RESEARCH AND ANALYSIS BY BUSINESS FUNCTION, 2023-2031 ($ MILLION)
36. ASIA-PACIFIC DATA MESH MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
37. ASIA-PACIFICDATA MESH MARKET RESEARCH AND ANALYSIS BY APPROACH, 2023-2031 ($ MILLION)
38. ASIA-PACIFICDATA MESH MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
39. ASIA-PACIFICDATA MESH MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2023-2031 ($ MILLION)
40. ASIA-PACIFICDATA MESH MARKET RESEARCH AND ANALYSIS BY BUSINESS FUNCTION, 2023-2031 ($ MILLION)
41. REST OF THE WORLD DATA MESH MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
42. REST OF THE WORLD DATA MESH MARKET RESEARCH AND ANALYSIS BY APPROACH, 2023-2031 ($ MILLION)
43. REST OF THE WORLD DATA MESH MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
44. REST OF THE WORLD DATA MESH MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2023-2031 ($ MILLION)
45. REST OF THE WORLD DATA MESH MARKET RESEARCH AND ANALYSIS BY BUSINESS FUNCTION, 2023-2031 ($ MILLION)
1. GLOBAL DATA MESH MARKET SHARE BY APPROACH, 2023 VS 2031 (%)
2. GLOBAL FINE-GRAINEDAPPROACH IN DATA MESH MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBALHYBRID FEDERATEDAPPROACH IN DATA MESH MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL VALUE-CHAIN-ALIGNEDAPPROACH IN DATA MESH MARKET SHARE BY REGION, 2023 VS 2031 (%)
5. GLOBALCOARSE-GRAINED APPROACH IN DATA MESH MARKET SHARE BY REGION, 2023 VS 2031 (%)
6. GLOBAL DATA MESH MARKET SHARE BY APPLICATION, 2023 VS 2031 (%)
7. GLOBAL CUSTOMER EXPERIENCE IN DATA MESH MARKET SHARE BY REGION, 2023 VS 2031 (%)
8. GLOBAL DATA PRIVACY IN DATA MESH MARKET SHARE BY REGION, 2023 VS 2031 (%)
9. GLOBAL CHATBOTS/VIRTUAL ASSISTANTSIN DATA MESH MARKET SHARE BY REGION, 2023 VS 2031 (%)
10. GLOBALCAMPAIGN MANAGEMENTIN DATA MESH MARKET SHARE BY REGION, 2023 VS 2031 (%)
11. GLOBAL IOT MONITORING IN DATA MESH MARKET SHARE BY REGION, 2023 VS 2031 (%)
12. GLOBAL DATA MESH MARKET SHARE BY VERTICAL, 2023 VS 2031 (%)
13. GLOBAL DATA MESH MARKET IN BFSISHARE BY REGION, 2023 VS 2031 (%)
14. GLOBAL DATA MESH MARKET INHEALTHCARE & LIFE SCIENCESSHARE BY REGION, 2023 VS 2031 (%)
15. GLOBAL DATA MESH MARKET IN TELECOM SHARE BY REGION, 2023 VS 2031 (%)
16. GLOBAL DATA MESH MARKET INRETAIL & E-COMMERCE SHARE BY REGION, 2023 VS 2031 (%)
17. GLOBAL DATA MESH MARKET IN GOVERNMENT & PUBLIC SECTORSHARE BY REGION, 2023 VS 2031 (%)
18. GLOBAL DATA MESH MARKET IN ENERGY & UTILITIES SHARE BY REGION, 2023 VS 2031 (%)
19. GLOBAL DATA MESH MARKET SHARE BY BUSINESS FUNCTION, 2023 VS 2031 (%)
20. GLOBAL DATA MESH MARKET FOR FINANCE & ACCOUNTING SHARE BY REGION, 2023 VS 2031 (%)
21. GLOBAL DATA MESH MARKET FORSALES & MARKETINGSHARE BY REGION, 2023 VS 2031 (%)
22. GLOBAL DATA MESH MARKET FORRESEARCH & DEVELOPMENTSHARE BY REGION, 2023 VS 2031 (%)
23. GLOBAL DATA MESH MARKET FOROPERATIONS & SUPPLY CHAINSHARE BY REGION, 2023 VS 2031 (%)
24. GLOBAL DATA MESH MARKET FORHUMAN RESOURCES SHARE BY REGION, 2023 VS 2031 (%)
25. GLOBAL DATA MESH MARKET SHARE BY REGION, 2023 VS 2031 (%)
26. US DATA MESH MARKET SIZE, 2023-2031 ($ MILLION)
27. CANADA DATA MESH MARKET SIZE, 2023-2031 ($ MILLION)
28. UK DATA MESH MARKET SIZE, 2023-2031 ($ MILLION)
29. FRANCE DATA MESH MARKET SIZE, 2023-2031 ($ MILLION)
30. GERMANY DATA MESH MARKET SIZE, 2023-2031 ($ MILLION)
31. ITALY DATA MESH MARKET SIZE, 2023-2031 ($ MILLION)
32. SPAIN DATA MESH MARKET SIZE, 2023-2031 ($ MILLION)
33. REST OF EUROPE DATA MESH MARKET SIZE, 2023-2031 ($ MILLION)
34. INDIA DATA MESH MARKET SIZE, 2023-2031 ($ MILLION)
35. CHINA DATA MESH MARKET SIZE, 2023-2031 ($ MILLION)
36. JAPAN DATA MESH MARKET SIZE, 2023-2031 ($ MILLION)
37. SOUTH KOREA DATA MESH MARKET SIZE, 2023-2031 ($ MILLION)
38. REST OF ASIA-PACIFIC DATA MESH MARKET SIZE, 2023-2031 ($ MILLION)
39. LATIN AMERICADATA MESH MARKET SIZE, 2023-2031 ($ MILLION)
40. MIDDLE EAST AND AFRICADATA MESH MARKET SIZE, 2023-2031 ($ MILLION)
