 |
| Global Data Fabric Market Size |
Data fabric solutions help organizations manage and extract insights from large volumes of structured and unstructured data across data stores to eliminate data silos and improve overall business performance. They facilitate integration and consolidation of enterprise-wide data by connecting diverse sources and making it available for analytics and application development.
The global Data Fabric Market is estimated to be
valued at US$ 2.62 Billion in 2024
and is expected to exhibit a CAGR of 24%
over the forecast period 2024 to 2031, as highlighted in a new report
published by Coherent Market Insights.
Market key trends: Unstructured data democratization
The adoption of data fabric architecture and solutions is being driven by the
growing need to democratize access to unstructured data assets and extract
actionable insights from them. Traditional centralised data warehouses struggle
to process large volumes of hybrid structured and unstructured data from
multiple sources in real-time. Data fabric provides a single, federated view of
data regardless of its type or source by breaking down data silos across
platforms. This allows business users and citizen data scientists to directly
query and analyse raw enterprise data for generating new revenue streams and
improving customer experiences. The ability of data fabric to seamlessly
support data governance, security and privacy controls while enabling
self-service analytics on both structured and unstructured enterprise data has
boosted its demand across industries.
Segment Analysis
The global data fabric market is dominated by the applications sub-segment
which held around 35% share of the total market in 2024. The applications
sub-segment comprises solutions that help enterprises in managing and governing
the flow and access of data across their IT infrastructure. The increasing
demand for applications focused on providing a centralized platform for data
management, governance and security is driving the growth of this sub-segment.
Key Takeaways
Global
Data Fabric Market Size is expected to witness high growth over the
forecast period of 2024 to 2031.
Regional Analysis: The North America region dominated the global data fabric
market in 2024 with around 45% share. This can be attributed to high technology
adoption and the presence of prominent data fabric vendors in the region.
Furthermore, organizations in the region are increasingly investing in advanced
data management solutions to drive data-based decision making.
Key players operating in the data fabric market are
Merck KGaA, Sanofi, AlpalifeB Inc, GenScript, Novartis International AG, Taisho
Pharmaceutical Holdings Co., Ltd., Sino Biological, Inc., GeneMedi, Biocytogen,
Abnova Corporation, NanoTag Biotechnologies, Avillion LLP, Capra Science, Numab
Therapeutics, CUSABIO TECHNOLOGY LLC, Proteintek Group, Inc., GT Biopharma,
Inc., Confo Therapeutics, R&D Systems, Inc., Abcepta Biotech Ltd. Co.
Get More Insights On This Topic: https://www.newswirestats.com/data-fabric-market-driven-by-growing-need-for-unified-data-management/
Explore More Article: https://coolbio.org/an-overview-of-the-cat-litter-market/