FORT COLLINS, Colo., April 20, 2024 (Globe Newswire) —
The rapid adoption of cloud computing has become a key catalyst for service expansion. data fabric market. As businesses move their data and applications to the cloud, the demand for scalable and adaptable data management solutions is increasing. Tailored for seamless integration with multiple cloud platforms, data fabric solutions offer a cloud-friendly approach that allows businesses to take advantage of the scalability and flexibility inherent in cloud infrastructure. For example, a study conducted by Flexera revealed that 96% of enterprises have adopted a hybrid or multicloud strategy, increasing their reliance on cloud infrastructure driving the need for cloud-centric data fabric solutions. It is becoming clear that what is happening.
Additionally, digital transformation efforts that have permeated various industries are another key driving force for the growth of the data fabric market. The need for real-time data access and analysis is growing as businesses seek to leverage data to gain competitive advantage and enhance decision-making processes. Data fabric has emerged as a pivotal framework, enabling organizations to break down data silos, integrate disparate data sources, and extract actionable insights. By facilitating these comprehensive data management capabilities, Data Fabric helps optimize operational efficiency, foster innovation, and improve customer experience. The result is a culture of data-driven decision-making that fosters collaboration across functional areas.
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Segmentation overview:
The data fabric market is segmented into type, deployment type, company size, application, industry, and region.
Business process management is a major application segment.
- Based on market segmentation by application, the business process management segment accounted for the major market share in 2023. Data Fabric solutions help businesses pursue operational efficiency by streamlining workflows, automating tasks, and increasing process visibility.
The disk-based segment accounted for a large market share.
- Based on market segmentation by type, the disk-based segment held the largest market share in 2023. Disk-based solutions are a traditional approach to data storage and management, providing a cost-effective and scalable option for processing large amounts of data.
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Data Fabric Market Report Highlights:
- Data fabric market is expected to grow rapidly Expected CAGR of 28.5% by 2032.
- Future trends include the integration of data fabrics and cloud platforms for scalability and flexibility, the adoption of AI and machine learning for data management, and increased focus on in-memory processing.
- Asia Pacific is a leading region in the data fabric industry due to the rapid expansion of cloud infrastructure and government efforts to support digitalization.
- Prominent players in the Data Fabric market report include IBM, SAP, Oracle, Informatica, Talend, Denodo, Hewlett Packard Enterprise (HPE), Teradata, NetApp, K2View, TIBCO Software, Cloudera, and Collibra.
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About DataHorizon Research:
DataHorizon is a market research and advisory firm that helps organizations around the world develop growth strategies that align with changing business dynamics. Its services include enterprise-wide consulting services and business insights to make actionable decisions. DHR's comprehensive research methodology for predicting long-term, sustainable trends in the market makes complex decision-making easier for organizations.
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