Global Data Fabric Market is Expected to Reach USD 5.7 Bn by 2027

The data fabric market is forecasted to grow at a high rate owing to the accelerating demand for real-time streaming analytics

The Global Data Fabric Market has valued at USD 1.1 Bn in 2020 is expected to reach USD 5.7 Bn by 2027, with a growing CAGR of 25.9% during the forecast period.

A data fabric can be defined as a collection of data services that provide resources in an endpoint array. The global data fabric market is growing at a significant pace owing to the efficiency of data fabric services. Big data fabric provides several advantages to the end-use customer such as fast query time. With autonomous data engineering, machine learning is automatically applied when a query is run against a dataset in an adaptive analytics fabric to determine and simplify the data needed within a larger set. It is used to generate accelerated structures. All irrelevant data is ignored during the query process, so data is transferred 5x to 100x faster based on specific data. For instance, in August 2021, a report suggested, with the help of NetApp data fabric strategy, companies are uniquely positioned to address the most critical business challenges of modern and traditional applications, on-premises, and hybrid multi-cloud environments.

Moreover, the data fabric also provides one shared view of the information collected. According to Forbes, more than 60% of companies use more than one business intelligence tool in their team and across the company. Expensive failures can be experienced while analyzing the data, if it does not normalize the various data results of another tool. Within the adaptive analytics fabric, there is a common organizational business logic that is agnostic to analytics / BI tools. By applying standard business logic and universal semantic layers on top of the data infrastructure, organizations can integrate different data systems.

Global Data fabric Market by Region Outlook (Revenue, USD Million, 2021-2027)

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

In terms of geography, the North America region is accounted to hold the largest market size throughout the forecast period. The regional growth is attributed to the presence of major market players in the region. The companies present in the region are often found investing heavily in the innovations and developments in the data fabric sector. For instance, in October 2018, the International Business Machines Corporation (IBM) has launched a new technological platform, AI OpenScale, that is aimed to address key challenges in adoption of Artificial Intelligence (AI). The innovation thus helps in development of data fabric market. For instance, in August 2021, Talend, a software company based in United States, announced updation to its Talend data fabric with new analytics, governance, and security tools.

The Global Data Fabric Market Segmentation:

• Global Data fabric Market by Data Fabric Type Outlook (Revenue, USD Million, 2021-2027)
  • In-Memory data fabric
  • Disk-based data fabric
• Global Data fabric Market by Deployment Outlook (Revenue, USD Million, 2021-2027)
  • Cloud
  • On-premises
• Global Data fabric Market by Applications Outlook (Revenue, USD Million, 2021-2027)
  • Business Process Management
  • Fraud Detection and Security Management
  • Sales and Marketing Management
  • Governance, Risk and Compliance Management
  • Customer Experience Management
  • Other Applications (Asset Management, Supply Chain Management, and Workforce Management)
• Global Data fabric Market by End User Industry Outlook (Revenue, USD Million, 2021-2027)
  • Retail and E-Commerce
  • Media and Entertainment
  • BFSI
  • Energy and Utilities
  • Telecommunications and IT
  • Government
  • Healthcare and Life Sciences
  • Manufacturing
  • Others (Transportation and Logistics, Travel and Hospitality, and Education).

Key Findings:

• Based on data fabric type, the disk-based data fabric segment is accounted as fastest growing segment in forecast period
• Based on the deployment, the on-premise deployment segment held the largest market share in 2020
• Based on applications, the business process management segment accounted for a largest market share in 2020
• Based on end-user industry, the BFSI end-user industry was accounted to hold the largest market size in 2020
• Based on regions, the North America region is anticipated to hold a market share of 33.7% in the year 2027 in the data fabric market analysis

Company Profiles and Competitive Intelligence

The key players operating in the data fabric market are:

1. IBM Corporation
2. Oracle Corporation
3. Software AG
4. Talend
5. TIBCO Software
6. Hewlett Packard Enterprise Company
7. Denodo Technologies
8. Splunk Inc.
9. Precisely
10. Global IDs
11. Dell Technologies
12. Informatica Corporation
13. Teradata Corporation
14. NetApp
15. SAP SE 
16. Idera
17. Nexla
18. Stardog
19. Gluent
20. Starburst Data
21. HEXstream
22. QOMPLX
23. CluedIn
24. Iguazio
25. Cinchy
26. Trifacta
27. Syncsort
28. K2View
29. VMware, Inc

Recent News:

• In December 2020, Teradata has released an update to the TeradataQueryGrid. This is expected to expand Vantage's hybrid multi-cloud capabilities, giving Teradata customers access to data and analytics across heterogeneous technologies and public cloud providers with new cloud capabilities. Customers are expected to have access to data and analytics across heterogeneous technologies and public cloud providers with new clouding capabilities.
• In February 2020, Talend has launched an update to its Talend Data Fabric. This update introduces Talend Cloud Data Inventory, which automatically calculates the data intelligence score for organization-wide data and displays it in a self-service cloud app for all users. This update also includes new characteristics such as AI features and state-of-the-art cloud connectivity.