Global Data Fabric Market Report and Forecast 2024-2032

Global Data Fabric Market Outlook

The global data fabric market size reached approximately USD 2.20 billion in 2023. The market is projected to grow at a CAGR of 21.8% between 2024 and 2032, reaching a value of around USD 12.99 billion by 2032.

Key Trends in the Market

Data fabric is a concept in the field of data management that acts as a one-stop solution for integrating and managing data from different sources and in various formats. Its purpose is to provide a unified and comprehensive view of data assets, regardless of where they are stored or how they are structured.

• The proliferation of data sources, including IoT devices, social media, and enterprise applications, has led to a surge in data volume and variety, boosting the data fabric market demand. Data fabric solutions address the challenges of managing and harnessing this vast and complex data by providing a unified platform for data integration, aggregation, and governance.

• In today's fast-paced business landscape, it has become important for organisations to utilise real-time insights and make data-driven decisions. Hence, the demand for data fabric is surging due to its ability to facilitate real-time data processing and analytics, enabling businesses to derive actionable insights and respond swiftly to market dynamics.

• The integration of AI and machine learning technologies into business processes has become one of the crucial data fabric market trends. Data fabric solutions offer seamless integration of artificial intelligence (AI) and machine learning (ML) models into data pipelines, empowering organisations to utilise the power of advanced analytics and automation.

Market Analysis

Based on type, the market is segmented into disk-based data fabric and in-memory data fabric. On the basis of components, the market can be bifurcated into solutions and services. The global data fabric market segmentation, based on deployment, includes on-premises and cloud.

The market, based on enterprise size, is divided into small and medium enterprises and large enterprises. Based on application, the market is categorised into business process management, customer experience management, fraud detection and security management, governance, risk and compliance management, and sales and marketing management, among others.

The data fabric market, based on end use, is segmented into BFSI, healthcare, manufacturing, media and entertainment, retail and ecommerce, telecommunications and IT, and transportation and logistics, among others. The major regional markets for data fabric are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global data fabric market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.

• Amazon Web Services, Inc.

• Hewlett Packard Enterprise Development LP

• IBM Corporation

• Oracle Corporation

• SAP SE

• Denodo Technologies, Inc.

• NetApp, Inc.

• Cloud Software Group, Inc. (TIBCO)

• Talend Group

• Cloudera, Inc.

• data.world, Inc.

• Others

Market Share by Type

In-memory data fabric is likely to account for a majority of the data fabric market share due to its superior speed as compared to disk-based databases. In-memory databases store data in hardware memory, which allows for faster data access and retrieval. This speed advantage significantly reduces the time required to analyse and process data. In-memory databases are versatile and can be used in various environments, including cloud platforms and on-premises hardware ecosystems.

Market Share by Deployment

According to the data fabric market analysis, the cloud segment is anticipated to hold a major share of the market during the forecast period, primarily due to the efficiency and flexibility it offers to enterprises. Organisations are increasingly adopting cloud-based solutions to meet their data management needs and leverage the advantages it brings.

Competitive Landscape

Amazon Web Services, Inc. is a subsidiary of Amazon.com, primarily dealing with the cloud platform, AWS. Established in 2006, AWS offers a comprehensive suite of cloud computing services, providing businesses with on-demand computing power, storage, and other resources over the Internet.

Hewlett Packard Enterprise Development LP is a multinational information technology company headquartered in the United States. Founded in 2015, the company offers a comprehensive portfolio of products, software, and services designed for modern businesses and to promote digital transformation.

IBM Corporation is a multinational technology company based in the United States. Since its establishment in 1911, the company has developed its operations into various business segments, including cloud and cognitive software, global business services, global technology services, systems, and global financing.

Other data fabric market players include Oracle Corporation, SAP SE, Denodo Technologies, Inc., NetApp, Inc., Cloud Software Group, Inc. (TIBCO), Talend Group, Cloudera, Inc., and data.world, Inc., among others.

Key Highlights of the Report