According to the new market research
report "Data Fabric Market by Type (Disk-Based,
In-Memory), Business Applications (Fraud Detection and Security Management,
Customer Experience Management, Business Process Management, GRC Management),
Service, Vertical and Region – Global forecast to 2022",
The data fabric market is estimated to grow from USD 653.5 Million in 2017 to
USD 2,125.1 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 26.6%.
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miss out on business opportunities in Data Fabric Market Speak
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The
major forces driving the data fabric market are increasing volume and variety
of business data, emerging need for business agility and accessibility, and
growing demand for real-time streaming analytics. The data fabric market is
growing rapidly because of the transformation from traditional data management
techniques for storage to advanced techniques and massive surge of flowing
structured and unstructured data.
Business process management is expected
to grow at the highest CAGR
Data
fabric software and services are used for various business application
including fraud detection and security management; governance, risk, and
compliance management; customer experience management; sales and marketing
management; and business process management. Business process management is
expected to witness the highest CAGR during the forecast period among all
applications because of the growing need to manage and analyze business data in
real-time with minimal help from the IT team. These technologies are used for
various operations across an organization. Moreover, it also helps with
resolving operations related issues in real time and the streamlining of
operations across industries.
Browse and
in-depth TOC on "Data
Fabric Market"
75
- Tables
76
- Figures
175
- Pages
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TOC @
Banking, Financial Services, and Insurance (BFSI) is estimated to have
the largest market size in 2017
The data fabric market is also segmented by various
industry verticals. Out of these industry verticals, the adoption of data
fabric is expected to be the largest in the BFSI vertical as the volume and
variety of data is increasing day by day with the growing demand of IT systems
for financial transactions in banks and other financial services institutes.
North America is expected to dominate the data fabric market during the
forecast period
North America is expected to hold the largest share
of the data fabric market in 2017 due to the technological advancements and
early adoption of data management systems in the region. The market in Asia
Pacific (APAC) is expected to grow at the highest CAGR between 2017 and 2022.
The primary driving forces for this growth are increasing technological
adoption and huge opportunities across industry verticals in APAC countries, especially
India, China, and Japan.
The report also
encompasses different strategies, such as mergers and acquisitions, partnerships
and collaborations, and product developments, adopted by major players to
increase their share in the market. Some of the major technology vendors
include Denodo Technologies (US), Global IDs (US), IBM Corporation (US),
Informatica Corporation (US), NetApp (US), Oracle Corporation (US), SAP SE
(Germany), Software AG (Germany), Splunk (US), Talend (US), VMware (US), HP
Enterprises (US), Teradata Corporation (US), Trifacta (US), Syncsort (US), and
K2View (Israel).
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Research Insight: https://www.marketsandmarkets.com/ResearchInsight/data-fabric-market.asp
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/data-fabric-market.asp
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