Market Synopsis
The global disk based data fabric market 2020, according to MRFR, is expected to grow at a CAGR of approximately 25% during the forecast period 2017-2023.
Market Highlights
Due to the increasing emergence of cloud-based technologies and increasing demand for data protection and the emerging need for business agility and convenience, the global disk-based data fabric market is projected to witness a rapid growth during the review period. In addition , growing demand for disk-based data fabric across numerous vertical industries, such as BFSI, healthcare, engineering, retail, and IT & telecommunications, is driving global market growth. Growing adoption of virtualization and cloud storage has contributed to the need for greater data protection and is responsible for accelerating the development of the disk-based global data fabrics market. Data fabric solutions and services offer unrivaled opportunities for integrating and analyzing structured, semi-structured and unstructured data sets that might otherwise be ignored. Growing use of organized and unstructured data for processing and reducing storage costs is increasing the number of companies joining the fabric market of memory data. Not only the diversity of market data but also the volume of these data sets is rising day by day, While emerging and smart technology grow through complex market functions. Sensor data, geo-location data, machine data , social media and weblog generated data , and data from other sources are growing tremendously on a daily basis. The main factors contributing to market growth include factors like increasing volume and variety of business data. Due to the increasing need to handle different forms of business-related risks across industry verticals, use of data fabric for governance , risk, and enforcement management is expected to increase dramatically in the coming years. On the other hand, lack of integration with legacy systems may hinder the growth of the market.
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Market Segmentation
The global disk based data fabric market is segmented into application, organization size, and vertical. By the organization size, the market is bifurcated into large enterprises and SMEs. By application, the market is segmented into customer experience management, business process management, fraud detection, GRC (governance, risk management, and compliance) management, and security management. Whereas, by vertical, the market is segmented into media & entertainment, BFSI, manufacturing, healthcare, IT & telecommunication, energy & utilities and others.
Regional Analysis
The global market for data fabric based discs is being studied in Asia Pacific , North America, Europe, and the rest of the world. It was observed that North America is estimated to account for the largest market share, while Asia Pacific is forecast to grow at the fastest rate over the forecast period. Business growth in North America is due to technical developments and accelerated penetration of cloud-based technology across different vertical divisions of industry. The US and Canada dominate the market in North America because of rising technological improvements and increasing demand for real-time streaming analytics in the region. In addition, the region has well-established infrastructure that allows advanced technology to be implemented more quickly. Furthermore, the increasing demand for company agility and usability is another major factor driving the growth of the region's disk based data fabric market.
Major Players
Some of the key players in the global disk based data fabric market are Informatica (U.S.), Denodo Technologies (U.S.), Splunk (U.S.), Global IDs (U.S.), IBM Corporation (U.S.), NetApp Inc. (U.S.), Software AG (Germany), Oracle Corporation (U.S.), SAP SE (Germany), Talend (U.S.), VMware Inc. (U.S.), Teradata Corporation (U.S.), HP Enterprises (U.S.), Trifacta (U.S.), Syncsort Inc. (U.S.) among others.
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About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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