DUBLIN, May 16, 2022 /PRNewswire/ — The “Data Fabric – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering. Research_and_Markets_Logo Global Data Fabric Market to Reach $3.7 Billion by 2026
The global market for Data Fabric estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$3.7 Billion by 2026, growing at a CAGR of 22.2% over the analysis period. Software, one of the segments analyzed in the report, is projected to grow at a 19.5% CAGR to reach US$2.1 Billion by the end of the analysis period.
Data fabric is witnessing increasing demand from organizations to automate and streamline data analytics process to gain relevant insights and make business-critical decisions. The platform has experienced notable penetration across a broad spectrum of industries such as the banking, financial services and insurance, telecommunication, healthcare and retail & e-commerce.
The market is slated to receive a noteworthy push from a number of favorable factors like increasing acceptance of big data and analytics for deriving business decisions. The increasing penetration of connected devices and systems has resulted in a notable spike in the amount and variety of data.
The deployment of sensors and video cameras across facilities for gaining location-related and other information is leading to significant data volumes that can be used for deriving business decisions. These trends are creating strong demand for data fabric solutions.
After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 25.4% CAGR for the next 7-year period. This segment currently accounts for a 43.1% share of the global Data Fabric market.
The U.S. Market is Estimated at $424.9 Million in 2021, While China is Forecast to Reach $403.6 Million by 2026
The Data Fabric […]
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