Data Virtualization Market is predicted to reach USD 31.73 Billion at a CAGR of 21.50% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Data Virtualization Market” that contains information from 2018 to 2032. The Data Virtualization Market is estimated to register a CAGR of 21.50% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the global Data Virtualization Market — IBM Corporation, SAP SE (Germany), Dell Corporation (US), Microsoft Corporation (US), VMware Inc. (US), Red Hat Inc. (US), Fujitsu Limited (Japan), Cisco Systems, Inc. (US), Citrix Systems, Inc. (US), and Oracle Corporation.


Market Highlights


The global Data Virtualization Market is accounted to register a CAGR of 21.50% during the forecast period and is estimated to reach USD 31.73 Billion by 2032.


the data virtualization market refers to the technology and solutions that enable organizations to access and manage data from various sources, locations, and formats as if it were a single, unified source. Data virtualization solutions aim to provide a layer of abstraction between data consumers (such as applications, analytics tools, and users) and the underlying data sources. This abstraction allows users to access and query data without needing to know where the data physically resides or how it's structured.


Segment Analysis


The global Data Virtualization Market has been segmented based on Component, Deployment Mode, and Organization Size.


The global Data Virtualization market segmentation, based on components, includes standalone software, data integration solution, and application tool solution. The data integration solution segment dominated the market, accounting for the maximum market revenue due to maintaining and restricting internal cyber threats and risks, including data left, unauthorized access, and more. However, the services are anticipated to witness the fastest growth over the projected period. Data virtualization services mechanisms manage and secure accounts with system access beyond a standard used to protect the confidentiality of data servers.


The global Data Virtualization market segmentation, based on deployment mode, includes cloud and on-premises. The cloud segment is anticipated to grow significantly over the projected period because of its rising adoption among businesses due to growing scalability, enhanced security, improved compliance, and cost-saving features. Cloud technology is the current and advanced implementation of data virtualization. It offers enterprise growth through tiered views, delegable query implementation, and executing a data virtualization strategy that allows businesses to attain information fastest.


The global data virtualization segmentation, based on organization size, includes large enterprise and SMEs. The large enterprise segment is anticipated to register significant growth over the projected period due to rising investment in data virtualization by large enterprises. Large enterprises require this solution to access data from several departments easily. Additionally, large enterprises are increasingly adopting data virtualization techniques to manage and analyze a huge volume of data, which is anticipated to drive segment revenue.


Regional Analysis


The global Data Virtualization Market, based on region, has been divided into North America, Europe, Asia-Pacific and Rest of the World. The North American Data Virtualization market will dominate this market, owing to increased demand for data integration software tools, generating plentiful opportunities. In addition, the increasing demand for cloud-based solutions will also boost market growth in this region. Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Europe's Data Virtualization market accounts for the second-largest market share due to the increasing awareness of data management and data security among the businesses in the countries region. Further, the German Data Virtualization market held the largest market share, and the UK Data Virtualization market was the fastest-growing market in the European region.


The Asia-Pacific Data Virtualization Market is expected to grow at the fastest CAGR from 2023 to 2032 due to the high demand for data virtualization solutions to manage the huge data. Moreover, China’s Data Virtualization market held the largest market share, and the Indian Data Virtualization market was the fastest-growing market in the Asia-Pacific region.


Key Findings of the Study



  • The global Data Virtualization Market is expected to reach USD 31.73 Billion by 2032, at a CAGR of 21.50% during the forecast period.

  • The Asia-Pacific Data Virtualization Market is expected to grow at the fastest CAGR from 2023 to 2032 due to the high demand for data virtualization solutions to manage the huge data. Moreover, China’s Data Virtualization market held the largest market share, and the Indian Data Virtualization market was the fastest-growing market in the Asia-Pacific region.

  • The global Data Virtualization market segmentation, based on components, includes standalone software, data integration solution, and application tool solution. The data integration solution segment dominated the market, accounting for the maximum market revenue due to maintaining and restricting internal cyber threats and risks, including data left, unauthorized access, and more.

  • IBM Corporation, SAP SE (Germany), Dell Corporation (US), Microsoft Corporation (US), VMware Inc. (US), Red Hat Inc. (US), Fujitsu Limited (Japan), Cisco Systems, Inc. (US), Citrix Systems, Inc. (US), and Oracle Corporation.




 

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Pages 100
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