Global Data Fabric Market: by Type (Disk based, In-memory), by Application (Business process management, GRC management, customer experience management), by service (managed and professional) and vertical (BFSI, automotive, manufacturing) - Forecast till 2027

Data Fabric Market Overview:

The CAGR for the data fabric market is expected to be 18.40% until at least 2030. IT departments use data fabric software to move and manage data in a consistent manner. This software makes the data easier to understand. It then stores it on the vast cloud network.

The data is uniform, and delivery is consistent. This is necessary for management to understand and analyze data for certain key insights and information.

Data Fabric Market COVID-19 Analysis:

COVID-19 first appeared in the early spring of last year. At first, it was thought to be nothing more than a nuisance virus. However, the fact that some people who got it had to be hospitalized and the fact that some COVID-19 patients died from it soon proved that this was not the case. Governments around the world tried to contain the virus by imposing quarantines and lockdowns.

The effects of this were disastrous for many industries and markets. But this was not the case for the data fabric market. Demand picked up, and the CAGR accelerated as more people were working remotely and using the net more often. They needed to have a secure and reliable way to store and access their information.

Data Fabric Market Dynamics:

• Drivers:

One of the main factors that are driving growth in the data fabric market is the fact that the techniques for processing and transmitting data are becoming more numerous and diverse. Another major factor is the fact that the net is being used in more places in the world and by more people. This can be partly attributed to COVID-19. Another important growth factor is the fact that more and more organizations are using the cloud as they let their workers work remotely. Finally, the fact that more network infrastructure is being used for virtual working is driving growth in this market.

• Opportunities:

There are many opportunities as growth in the data fabric market accelerates. Businesses and individuals now need software that is more sophisticated and more advanced. They also need software that is capable of storing and accessing far more data than in the past. This is motivating many companies in the field to invest heavily in research and development to come up with more advanced and sophisticated versions of data fabric software.

• Restraints:

The fact that data fabric software is expensive may hold back growth in the market somewhat.

• Challenges:

A major challenge for the data fabric market lies in keeping the costs of producing data fabric down while improving its quality. This will help keep the final price for the final end consumer down considerably.

• Cumulative Growth Analysis:

The CAGR for the data fabric market is expected to be 25.90% until at least the end of 2027.

• Data Fabric Market Technology Analysis:

A major player in the data fabric market is Informatica. This company is one of the industry leaders in this market. It reached its current position by investing heavily in research and development. This allowed it to come up with a new generation of far more effective and efficient data fabric software that stored and retrieved information much faster than the previous generations did.

Data Fabric Market Segment Overview:

By Type:

The data fabric market is classified into the following sub-segments by type:

• Disk-based


• In-memory


• By Application:

By Application:

The market is classified into the following sub-segments by application:

• Business process management


• Customer experience management


• Governance, risk management, and compliance (GRC) management


• Fraud detection


• Security management

By Services:

The market is classified into the following sub-segments by services:

• Managed services


• Professional services

By Vertical:

The data fabric market is classified into the following based on vertical:

• Healthcare


• BFSI


• Automotive


• Retail


• E-commerce


• Media and entertainment


• Energy and utilities


• Others

By Region:

The data fabric market is segmented into the following regions:

• North America


• The European Union


• The Asia-Pacific region

Regional Analysis:

The North American region has the lion’s share in terms of market share of all of the regions in the world. This is the case because Canada and (especially) America are home to some of the largest, most sophisticated, and most technologically advanced data fabric software companies in the world.

These companies have lots of sales and generate billions in revenue every year. Their deep treasuries give them the monetary resources to invest heavily in research and development. It’s this research and development that allows these companies to come up with innovative new products that solidify their superior positions in the data fabric market.

But there’s another key reason why the North American region has the largest market share in the world. It lies in the fact that large and medium-sized companies both in Canada and the United States were among the first to start using data fabric software. This generated steady and growing demand for these products almost 20 years ago. It’s also what accounted for a high regional CAGR.

The European Union is also witnessing respectable growth in the data fabric market. It has the second-largest regional market share.

The Asia-Pacific region is expected to have a high regional CAGR until at least the end of 2023. What’s accounting for this high and rapid growth is the fact that more and more companies in the Asia-Pacific nations are using and adopting data fabric software as they modernize and become much more sophisticated. There’s also the fact that many of these economies are growing rapidly. Thus, many more companies are springing up in all industries that need access to data fabric software. This is especially true in India, China, and Japan. In fact, these three countries account for the bulk of the regional CAGR in the Asia-Pacific region.

Data Fabric Market Competitive Landscape:

The data fabric market, in general, is very competitive. What makes it so competitive is the fact that there are already many companies in this market. They’re motivated to enter because of the high CAGR. They are also motivated to enter because there’s a lot of money to be made in this market.

Companies are finding that they have to think and act strategically if they want to survive in this hypercompetitive market. One thing that most companies in this market are doing is investing heavily in research and development. This is allowing them to come up with software programs that are more innovative and much better at storing and retrieving data. These programs are also much better at sifting through and sorting data for further extrapolation and analytical uses.

Companies are finding that entering into strategic partnerships is another way to survive in the hypercompetitive market. Another word for strategic partnerships is a joint venture. The companies that do participate in the joint venture can pool their resources together. This gives them more access to much more monetary, human, and other resources. They find that the extra money makes it easier to invest billions instead of millions in strategic research and development. This is what makes it possible for them to come up with many more effective and useful new generation data fabric software programs that are much more innovative.

This is only one thing that gives companies that participate in a strategic partnership a superior and sustained competitive advantage. The other is that they can access more resources at once. This gives them the ability to enter into new markets on a stronger footing and solidify their market share in existing markets. They find that they’re able to sell more and make even more money when they enter into strategic partnerships.

Yet another way that companies can continue to stay competitive in the hypercompetitive data fabric market is to merge with and acquire other companies, as is the case with strategic partnerships. The new companies often find that they have more access to monetary, human, and other resources than they did previously.

Once again, they are better able to invest heavily in research and development. This allows them to come up with more innovative and better products that do their job faster, much better, and much more efficiently. Companies find that this allows them to enter into new markets on a stronger footing. This gives them a better chance of acquiring a slice of the market. This also allows them to solidify their positions in existing markets.

One major company in the data fabric market is SAP. This is a major German company that’s one of the leaders in the industry. It’s been able to retain its superior position by investing heavily in research and development.

Data Fabric Market List of Companies:

• SAP SE - Germany


• Informatica - USA


• Splunk Inc - USA


• Denodo - USA


• Syncsort Inc - USA


• IBM Corporation - USA


• Oracle - USA


• Global DS - USA


• Teradata Corporation - USA


• K2 Views - USAA

Recent Developments:

• Retailers are making and selling big data devices


• SAP recently launched a new business application