Our most recent market report, "Data Fabric Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Deployment, Component, Solution, and End User," predicts that the market will grow by 10.3% CAGR from 2021 to 2028, from US$ 1,241.04 million to US$ 2,466.12 million.

Big data analytics has recently drawn a lot of attention from both practitioners and researchers. Global investments in the use of big data analytics have increased to a million dollars from both private and public sources. The demand for big data analytics solutions is driven by a rapid increase in data volume and complexity as a result of growing cloud and mobile data traffic as well as the development and acceptance of technologies like artificial intelligence (AI) and the internet of things (IoT). These technologies have a tremendous potential to totally change the way businesses operate. The enormous collections of structured and unstructured data can be analysed successfully by big data platforms. One of the largest sectors that invests heavily in big data analytics technology is the BFSI sector. Potential regions are actively deploying these technology, including North America and Europe. Additionally, the governments of these areas are working on numerous programmes to integrate big data into different industries. For instance, the European Union's Horizon 2020 research and innovation initiative provided financing for the Big Data Europe Project, which ran from 2015 to 2017. The project created big data application prototypes for a variety of industries that can provide a large number of data sets and advance data-driven solution methodologies. As a result, the data is obtained from a data fabric in order to do real-time analytics 

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One of the key forces driving the data fabric market is big data analytics technology, which enables users to extract actionable insights from the huge amounts of structured and unstructured data available from numerous sources, including the web and social media. Businesses can improve a variety of areas using the insight provided from big data analysis, including staff retention, customer loyalty, new market research, and customer service optimization. As a result, the market for data fabric is developing thanks to the rising demand for real-time analytics.

Key findings of the study:

North America, Europe, Asia Pacific, the Middle East & Africa, and SAM are the five main geographic regions that make up the data fabric market (South America). In terms of market share in 2020, North America dominated the world market for data fabrics. The market is divided into on-premises and cloud deployments. In 2020, the cloud segment dominated the market for data fabric and held a greater market share. The market is divided into BFSI, IT and telecom, retail, healthcare and pharmaceuticals, and others based on the end user. The BFSI industry dominated the data fabric market in 2020 and held the greatest market share.

The five main market participants in the worldwide data fabric market are K2View, Denodo Technologies Inc., Informatica Corporation, IBM Corporation, and Software AG. Due to the abundance of small and medium-sized manufacturers in both established and developing economies, the data fabric market is highly fragmented and competitive. To remain competitive in the data fabric industry, the top 5 market players are primarily concentrating on a variety of organic and inorganic growth tactics. Examples include the development of new technologies to provide clients with improved product portfolios, merger and acquisition tactics, and expansion plans.

The market for data fabric is expanding as a result of factors including the expanding diversity and volume of commercial data and the rising demand for real-time analytics. Additionally, the rise of the cloud platform industry and the rising number of internet users worldwide will both contribute to the market's expansion in the upcoming years. However, worries about security and privacy limit industry expansion.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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