Data Virtualization Market By Component (Solution, Services), By Deployment Model (On-premise, Cloud), By Enterprise size (Large Enterprises, SMEs), By End User (IT and telecom, BFSI, Government and Defense, Healthcare and Life Sciences, Retail, Manufacturing, Education, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Data virtualization is a logical data layer that unifies company data scattered across various systems, controls the unified data for centralized security and governance, and provides it in real-time to business users. A cutting-edge approach to data integration is data virtualization. It creates a virtual dashboard or visualization tool for virtual viewing by combining structured and disorganized data sources. The firm can gain from data virtualization in a number of ways, including improved data security, low-cost, real-time access to source data, modernized information infrastructure, and many more. Organizations from a variety of industries are heavily using this solution, particularly those in the manufacturing, banking, and telecommunications sectors. For example, global pharma and biotechnology company Pfizer adopted data virtualization solution from Tibco to improve data delivery speed to its researchers. Retail company city furniture, uses data virtualization solution from Denodo to manage all critical business data in its marketing, operation, supply chain, and other departments. One of the main factors anticipated to propel market revenue growth during the projected period is the expanding volume of data from various sources across enterprises and rising requirement for data integration tools. In addition, increase in cloud-based solution demand and increased business intelligence software usage are anticipated to boost industry expansion and market revenue growth.
When beginning a data-driven project for storage management and data warehousing, putting good data virtualization strategies into practice can save a lot of time and money. Data virtualization is a close and better substitute for data warehousing and Extract, Transform and Load (ETL) procedures. Unlike the conventional data warehousing system, which stores and develops data from various sources through ETL processes, data virtualization simply uses data from several sources to provide quick and incredibly valuable insights. It can develop data-driven strategies in various industries by cutting the high cost of data storage and minimizing the possibility of data inaccuracies.
The data virtualization market is segmented on the basis of component, deployment model, enterprise size, end user, and region. Based on component, it is segmented into standalone software, data integration solution, and application tool solution. Based on data integration solution, it is segmented into BI tools, enterprise application, mobile and web application. Based on deployment model, the market is categorized into on-premise and cloud. Based on enterprise size, the market is categorized into SMEs and large enterprises. Based on end user, the market is categorized into IT and telecom, BFSI, government and defense, healthcare and life science, retail, manufacturing, education, others. Region wise, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.
Key players operating in the market include Adaptive Insights, Alteryx Inc., ChartBlocks Ltd., Cisco Systems, Cluvio GmbH, Denodo Technologies, Domo Inc., International Business Machine (IBM), Informatica, Microsoft Corporation, OpenLink Software, Oracle Corporation, QlikTech International AB, SAP SE, SAS Institute, Tableau Software, and Visually Inc.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the data virtualization market analysis from 2021 to 2031 to identify the prevailing data virtualization market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the data virtualization market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global data virtualization market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
Solution
Standalone Software
Data Integration Solution
Application Tool Solution
Services
By Deployment Model
On-premise
Cloud
By Enterprise size
Large Enterprises
SMEs
By End User
IT and telecom
BFSI
Government and Defense
Healthcare and Life Sciences
Retail
Manufacturing
Education
Others
By Region
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Adaptive Insights
Alteryx Inc.
ChartBlocks ltd.
Cluvio GmbH
Domo Inc.
Tableau Software Inc
QlikTech International AB
Oracle Corporation
IBM
Cisco Systems, Inc.
SAP SE
SAS Institute Inc.
Microsoft Corporation
Denodo Technologies Inc.
Informatica Inc.
OpenLink Software Inc.
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