logo
logo
Sign in

Growth Accelerated By Strengthening Demand For Improved Data Connectivity And Organization

avatar
Ashish Thapa
Growth Accelerated By Strengthening Demand For Improved Data Connectivity And Organization

Data fabric is a distributed data management architecture that allows for improved connectivity to disparate and distributed data sources for deeper analytics and insights. Data fabrics incorporate data virtualization technologies that enable organizations to obtain a unified view of information across multiple data stores and applications.


The global Data Fabric Market is estimated to be valued at US$ 2.27 Bn  in 2023 and is expected to exhibit a CAGR of 7.5%   over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:

The growing need to improve data connectivity and organization across organizations is a major factor driving the demand for data fabrics. With increasing volumes of data being generated from various sources including internet of things devices, sensors and online channels, it is challenging for organizations to connect and organize data in a coherent manner. Data fabrics help in linking related data from disparate applications and storage systems, allowing organizations to derive a holistic view of information for better decision making. By incorporating data virtualization technologies, data fabrics deliver simplified data access and integration for analytics and insights. The market is expected to witness further growth over the forecast period as organizations across industries focus on strengthening their data management infrastructure for enhancing customer experience.


Segment Analysis

The global data fabric market is dominated by the telecom and IT segment which is expected to witness significant growth during the forecast period. This segment deals with mining, managing and governing massive amounts of data for business intelligence and analytics purposes. The ability to combine both structured and unstructured data from various sources and make informed decisions makes data fabric vital for telecom and IT organizations.


Key Takeaways

The global Data Fabric Market is expected to witness high growth. Regional analysis related content comprises The North American region currently dominates the global data fabric market due to strong presence of key players operating in telecom and IT sector. Furthermore, growing adoption of advanced technologies such as cloud, AI and big data analytics is also boosting the market growth in the region.


Key players related content comprises Key players operating in the data fabric market are Nanya PCB (Taiwan), Tripod Technology Corporation (Taiwan), Unimicron Technology Corporation (Taiwan), Ibiden Co., Ltd. (Japan), Compeq Manufacturing Co., Ltd. (Taiwan), TTM Technologies, Inc. (United States), Kingboard Holdings Limited (Hong Kong), Shennan Circuits Company Limited (China), AT&S Austria Technologie & Systemtechnik AG (Austria), Multek (a subsidiary of Flex Ltd.) (United States). Major players are focusing on new product launches and partnerships with technology providers to strengthen their market position. For instance, in 2020 IBM launched data fabric solution to help organizations gain a single, consolidated view of all their data.


Get More Insights On This Topic: https://www.pressreleasebulletin.com/the-data-fabric-market-is-driven-by-growing-demand-share-analysis/

 


collect
0
avatar
Ashish Thapa
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more