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Market Highlights:Data Fabric is a software approach for data movement and management that provides a consistent set of capabilities and services that give users, a range of choices regarding endpoints and application ecosystems connected across the cloud and on-premises. Market Research Future (MRFR) has published a research report about the global data fabric market that estimates enormous aggrandizement for the market with 18% CAGR (Compound Annual Growth Rate) during the forecast period between 2017 and 2023. In terms of cash, by the end of the forecast period, the market has been estimated to be worth US $ 2 bn.
The factors that are driving the global market growth for data fabric include growing internet technology, growth in the processing & commutation techniques, increase in virtualization of network infrastructure, and lastly, the upswing in cloud-based organizations. In the retail sector, the advantages of data fabric include augmented machine learned insights with human intelligence, consumer privacy, geodynamics with real-time predictive and prescriptive analytics, supply chain process responsive to the market, and improved logistics operational efficiency due to the correlation of machine/sensors generated data with external data.
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Major Key Players
The key players in the global data fabric market include Denodo (USA), Global DS (USA), IBM Corporation (USA), Informatica (USA), K2 View (USA), Oracle Corporation (USA), SAP SE (Germany), Splunk Inc. (USA), Syncsort Inc. (USA), and Teradata Corporation (USA).
among others are profiled in Market Research Future analysis and are at the forefront of competition in the global data fabric market. The prominent vendors and new entrants are investing huge capital in research and development to innovate and expand their present product portfolio.
According to MRFR, The global Data Fabric Market is expected to grow at a CAGR of 18% over the forecast period.
Industry News
• The cloud data integration solutions company Talend has announced a major update to its unified data platform for data integration across complex, multi-cloud, and on-premises environments. This data platform is known as Talend Data Fabric. The new update to this platform offers insight-ready data at scale whose features include data catalog and Cloud Application Programming Interface (API) Services. 17 OCT 2018
• Cloudera and Hortonworks are merging operations in a $5.2 bn deal. This merger combines Cloudera’s focus on data warehousing and machine learning with Hortonworks efforts in data management. 3 OCT 2018
Regional Analysis
The regional segmentation of the global data fabric market segments the market into continent-based regional markets known as North America, Europe, and the Asia Pacific. The technological advancements and early adoption of data management systems in North America make it the largest market. In this region, the biggest country-specific markets are the United States of America (USA), Canada and Mexico. Many key players of the market are based in the USA due to the availability of suitable Information Technology (IT) infrastructure. Europe also has decent technological advancement.
After North America, the strong economies of Europe have the best IT infrastructure because of which Europe is also a significant market. The cream of market revenue in Europe comes from France, Germany, Italy, Spain and the United Kingdom (UK). According to the report, Asia Pacific has been expected to emerge as the fastest growing market during the forecast period. The most significant country-specific markets in this region are China, India, and Japan, followed by the rest of the Asia Pacific region.
Segmentation
The global data fabric market has been segmented on the basis of application, services, type, vertical, and region. The application-based segmentation of the market segments the market into business process management, customer experience management, fraud detection, Governance, risk management, & compliance (GRC) management, and security management. Based on services, the market has been segmented into managed and professional services. By type, the market has been segmented into disk-based and in-memory. Segmentation based on vertical covers into automotive, Banking, Financial Services and Insurance (BFSI), energy & utilities, healthcare, media & entertainment, retail & e-commerce, and others.
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Intended Audience
• Software Developers
• Testing
• Government
• End-Users
• Cloud service providers
• System integrators
• Advisory firms
• Technology providers
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Website: https://www.marketresearchfuture.com/reports/data-fabric-market-4873
Release ID: 436160