The global data fabric market size to grow from USD 1.0 billion in 2020 to USD 4.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 26.3% during the forecast period. Various factors such as increasing volume and variety of business data, emerging need for business agility and accessibility, and growing demand for real-time streaming analytics are expected to drive the adoption of the data fabric software and services.
According to MarketsandMarkets, data fabric refers to a distributed data management platform that enables organizations to integrate various data management processes, including data access, data discovery, data orchestration, data processing, data ingestion, data analytics, and data visualization. It brings together disparate data sets, both historical and real-time, and automatically processes them in an efficient way to deliver a comprehensive view of customer and business data across an organization.
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Some of the key players operating in the data fabric market include Denodo Technologies (US), Global IDs (US), IBM Corporation (US), Informatica (US), NetApp (US), Oracle Corporation (US), SAP SE (Germany), Software AG (Germany), Splunk (US), Talend (US), Dell Technologies (US), HP Enterprise (US), Teradata Corporation (US), TIBCO Software (US), Precisely (US), Idera (US), Nexla (US), Stardog (US), Gluent (US), Starburst Data (US), HEXstream (US), QOMPLX (US), CluedIn (Denmark), Iguazio (Israel), and Cinchy (Canada). These data fabric vendors have adopted various organic and inorganic strategies to sustain their positions and increase their market shares in the global data fabric market.
IBM is a multinational technology and consulting corporation founded in the year 1911 and it is headquartered in New York, US. It offers infrastructure, hosting, and consulting services and operates through five major business segments: cloud and cognitive software, global business services, global technology services, systems, and global financing. It caters to various industry verticals that include aerospace and defense, education, healthcare, oil and gas, automotive, electronics, insurance, retail and consumer products, banking and finance, energy and utilities, life sciences, telecommunications, media and entertainment, chemicals, government, manufacturing, travel and transportation, construction, and metals and mining. The company has a robust presence in the Americas, Europe, MEA, and APAC and clients in more than 175 countries. In the Data fabric market, IBM offers IBM Cloud Pak for Data and Palantir for IBM Cloud Pak for Data in the data fabric market. IBM Cloud Pak for Data platform accelerates the AI journey of transforming business operations with an open, extensible data and cloud-native AI platform.
Oracle was founded in the year 1977 and it is headquartered in Texas, US. It is a global leader in delivering a broad spectrum of products, solutions, and services designed for meeting the requirements of corporate IT environments, such as platforms, applications, and infrastructure. Oracle’s customers include businesses of various size, government agencies, educational institutions, and resellers. The company, directly and indirectly, sells its products and services through the worldwide sales force and Oracle Partner Network, respectively. It specializes in developing; manufacturing; and marketing hardware systems, databases, and middleware software, and application software. It operates through three business segments, which include cloud and license, hardware, and services, in more than 175 countries. It caters to 430,000 customers across industry verticals, such as banking, telecommunications, engineering and construction, financial services, healthcare, insurance, public sector, retail, and utilities. The company offers its solutions to customers present in more than 145 countries across the Americas, Europe, APAC, and MEA. In the data fabric market, Oracle offers a queryable data fabric, namely Oracle Coherence.
Data Fabric Market by Type (Disk-Based, In-Memory), Business Applications (Fraud Detection and Security Management, Customer Experience Management, Business Process Management, GRC Management), Service, Vertical and Region - Global Forecast to 2026
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