Rise in volume & variety of business data, increase in need for business agility & data accessibility, and growing demand for real-time streaming analytics drive the growth of the global data fabric market.
On the other hand, lack of awareness associated to data fabric impedes the growth to some extent. Nevertheless, significant data growth in developing regions is expected to create a number of opportunities for the key players in the industry.
According to the report, the global data fabric industry was estimated at $812.6 million in 2018 and is expected to hit $4.54 billion by 2026, growing at a CAGR of 23.8% from 2019 to 2026.
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On the basis of deployment, the on-premise segment accounted for nearly two-thirds of the total market revenue in 2018, and is anticipated to rule the roost by the end of 2026. Simultaneously, the cloud segment would grow at the fastest CAGR of 26.9% throughout the forecast period. .
On the basis of type, the disk-based data fabric segment garnered the highest share in 2018, holding three-fifths of the global market. At the same time, the in-memory data fabric segment portray the fastest CAGR of 26.1% during the study period.
On the basis geography, North America accounted for more than two-fifths of the total market share in 2018, and is expected to lead the trail by 2016. The Asia-Pacific region, on the other hand, would manifest the fastest CAGR of 26.0% from 2019 to 2026. The report also analyzes the market across Europe and LAMEA.
The leading market players analyzed in the global data fabric market report include Talend, Global IDs., Hewlett Packard Enterprise Company, Splunk Inc., Denodo Technologies, IBM Corporation, Oracle Corporation, NetApp, SAP SE, and Software AG.
These market players have adopted different strategies including partnership, expansion, collaboration, joint ventures, and others to reinforce their status in the industry.
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