Global Data Fabric Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Data Fabric Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Data fabric is an end-to-end data integration and management solution, consisting of architecture, data management and integration software, and shared data that helps organizations manage their data. A data fabric provides a unified, consistent user experience and access to data for any member of an organization worldwide and in real-time.

Data fabric is designed to help organizations solve complex data problems and use cases by managing their dataregardless of the various kinds of applications, platforms, and locations where the data is stored. Data fabric enables frictionless access and data sharing in a distributed data environment.

In simplest terms, a data fabric is a single environment consisting of a unified architecture, and services or technologies running on that architecture, that helps organizations manage their data. The ultimate goal of data fabric is to maximize the value of your data and accelerate digital transformation.

Market Overview:

The latest research study on the global Data Fabric market finds that the global Data Fabric market reached a value of USD 2083.97 million in 2022. It’s expected that the market will achieve USD 6411.74 million by 2028, exhibiting a CAGR of 20.6% during the forecast period.

The impact of COVID-19 on the global economy. More than three million lives have been lost to COVID-19 since the start of 2021 and the toll continues to rise. Many more have suffered a serious illness. Close to 90 million people are expected to fall into extreme deprivation this year. Compared with the IMF report released in June, the global economic contraction in 2020 will not be as severe as previously predicted. This revision reflects a better-than-expected economic recovery in the second quarter. Global growth is projected at 5.2 percent in 2021, a little lower than in the June 2020 WEO Update, reflecting the more moderate downturn projected for 2020 and consistent with expectations of persistent social distancing. This is the worst global recession in decades, despite the huge efforts of governments with the support of fiscal and monetary policies to deal with the economic downturn. But from a long-term perspective, it is expected that the severe recession caused by the pandemic will cause a prolonged economic depression by reducing investment. Should COVID-19 outbreaks persist, should restrictions on movement be extended or reintroduced, or should disruptions to economic activity be prolonged, the recession could be deeper. Businesses might find it hard to service debt, heightened risk aversion could lead to climbing borrowing costs, and bankruptcies and defaults could result in financial crises in many countries. Under such unfavorable circumstances, there will still be a possibility of a global decline in 2021.

Covid-19 forced many unprepared enterprises and processes to digitize at a tortuous speed, but there were some well-done cases: the daily active users of telecommuting and conference software increased from 10 million to 200 million. In the first quarter of 2020, the net sales of some important retail portals increased year on year. Internet has become the foundation of successful economic transformation in COVID-19 era. All-in-one service provides a powerful driving force for the Internet and a large number of services to continue to play an economic and social role.

Political Factors

Judging from political factors, the current and future world political situation is basically stable. Peace and development are two major themes in the contemporary world, and they are also the common aspirations of people all over the world. The strong growth of global production leads to closer international economic exchanges and further growth of trade. Most economies enjoy this growth, which helps stimulate investment and production. This is a favorable factor for the development of Data Fabric market.

Complex regulations and regulations have also had a significant impact on the industry. In some areas, strict regulations and prohibition of access to the network will limit the further expansion of the market. For example, the Chinese government has built a wall between the intranet and the extranet. This limits the flow outside China and prevents suppliers from entering the Chinese market on a large scale. Generally speaking, there are too many political factors affecting the industry. Changes in government system and market political supervision will cause favorable or unfavorable fluctuations from time to time.

Economic Factors

Data Fabric is to deliver products and services in a continuous relationship with customers, rather than selling them as a series of discrete individuals. With Data Fabric as a catalyst, organizations are modernizing their operations and business models to improve efficiency and attract customers, employees and business partners in new ways.

With the continuous development of economy and society, data is more dispersed, dynamic, diversified and difficult to manage than ever before. Enterprises must deal with complex multi-vendor data environment, silo data sets and long data preparation cycle, and maintain safe and compatible data governance policies. Data structure architecture provides connection organization between data endpoints, thus supporting comprehensive data management functions, including integration, discovery, governance, management and arrangement.

Region Overview:

Geographically, North America held the largest market share -- 39.89% in 2021.

Company Overview:

Talend is one of the major players operating in the Data Fabric market, holding a share of 21.26% in 2021.

Talend

Talend, Inc. provides big data and cloud integration solutions. The Company helps customers to become data driven by making data more accessible and quickly moving data where it's needed for real-time decision making.

Oracle Corporation

Oracle is a cloud technology company that provides organizations around the world with computing infrastructure and software. Oracle Cloud Infrastructure offers higher performance, security, and cost savings.

Segmentation Overview:

As for product types, the Application segment held the largest market share in 2021.

Application Overview:

The market's largest segment by application is the segment Large Enterprises, with a market share of 41.57% in 2021.

Key Companies in the global Data Fabric market covered in Chapter 3:

Oracle Corporation
SAP SE
Tibco
K2 View
Hewlett Packard Enterprise Company
Splunk Inc.
Denodo
Global IDs
Cambridge Semantics Inc. 
IBM Corporation
Talend
NetApp

In Chapter 4 and Chapter 14.2, on the basis of types, the Data Fabric market from 2018 to 2029 is primarily split into:

Application
Service

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Data Fabric market from 2018 to 2029 covers:

Small Enterprises
Medium Enterprises
Large Enterprises

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)