North America Data Fabric Market Size, Share & Trends Analysis Report By Component, By Type, By Application, By Organization Size, By Vertical, By Country and Growth Forecast, 2024 - 2031
The North America Data Fabric Market would witness market growth of 19.9% CAGR during the forecast period (2024-2031).
The US market dominated the North America Data Fabric Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,287.4 million by 2031. The Canada market is experiencing a CAGR of 22.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 21.4% during (2024 - 2031).
The rapid evolution of data technologies and the exponential growth in data volume, velocity, and variety have made managing and utilizing data a significant challenge for organizations. In this context, data fabric has emerged as a groundbreaking solution that provides a comprehensive and integrated approach to data management.
Additionally, by offering a unified, intelligent, and automated data platform, data fabric enables businesses to efficiently manage their data across a distributed and often complex IT infrastructure. “Data fabric” refers to a cohesive architecture and framework that connects and integrates various data environments, such as on-premises, hybrid, multi-cloud, and edge computing.
The data fabric market, which facilitates seamless data management across disparate environments, is poised for growth in regions like Canada and Mexico, driven by rising digitalization in e-commerce and telecommunications. Both nations are experiencing rapid advancements in these sectors, leading to an increased demand for data integration, real-time analytics, and scalable data solutions, all of which are core components of data fabric architecture.
Based on Component, the market is segmented into Solutions, and Services (Professional Services, and Managed Services). Based on Type, the market is segmented into Disk-based Data Fabric, and In-memory Data Fabric. Based on Application, the market is segmented into Fraud Detection & Security Management, Customer Experience Management, Governance, Risk, & Compliance Management, and Sales & Marketing Management & Others. Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into BFSI, Telecommunications & IT, Retail & Ecommerce, Healthcare, Manufacturing, Transportation & Logistics, Media & Entertainment, and Other Vertical. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- IBM Corporation
- SAP SE
- Oracle Corporation
- NetApp, Inc.
- TIBCO Software, Inc. (Vista Equity Partners Management, LLC)
- Informatica Inc.
- Cloudera, Inc.
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Hewlett Packard Enterprise Company
- Omron Corporation
North America Data Fabric Market Report Segmentation
By Component
- Solutions
- Services
- Professional Services
- Managed Services
By Type
- Disk-based Data Fabric
- In-memory Data Fabric
By Application
- Fraud Detection & Security Management
- Customer Experience Management
- Governance, Risk, & Compliance Management
- Sales & Marketing Management & Others
By Organization Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
By Vertical
- BFSI
- Telecommunications & IT
- Retail & Ecommerce
- Healthcare
- Manufacturing
- Transportation & Logistics
- Media & Entertainment
- Other Vertical
By Country
- US
- Canada
- Mexico
- Rest of North America