Data Fabric Market enables maintain and managing data at the same time be flexible enough to innovate. Data fabrics also known as fabric computing and unified computing enables the construction of a computing fabric which is consisting of interconnected nodes which seems like a fabric or weaves from a distance. Data fabrics involves consolidated high performance computing systems which consists of networking, loosely coupled storage and parallel processing function which are linked with high bandwidth interconnects. Data fabric is also used to describe platforms like grid computing and Azure Services platform. In these platforms the common theme is interconnected nodes which appear like a single logical unit.
Some of the advantages of using data fabrics includes modernization of the organization data infrastructure, acceleration of enterprise applications and transformation of data protection. Acceleration of enterprise applications refers to optimizing application performances, improve response time with the clients or customers and enhance user experience. Data fabrics provide better access to data and improve management form disk to flash to cloud. Modernization of the organization data infrastructure enables optimizing the organization IT, improved storage, better data management and converge infrastructure solutions. Further, transformation of data protection helps in protecting organization data enables cloud ready solutions.
Some of the factors driving the data fabrics market include, growing need for business accessibility and agility, increasing need for business data management due to humongous increase in volume of data which organizations has to manage. Further increase in demand for real time streaming analytics is anticipated to drive the data fabrics market over the next few years. Lack of awareness of data fabrics is a key factor restraining the data fabric market growth. Moreover, lack of integration of data fabric with legacy system further restraining the market growth. The application of data fabric to generate positive ROI (Return on Investment), enhancement In Memory Cloud are some of the key opportunity which is expected to drive the data fabric market over the near future.
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The data fabric market by component has been segmented into services and software. The service segment in the data fabric market segmented by component has been further sub segmented into managed services and professional services. The professional service segment has been further sub segmented into support and maintenance, education and training and consulting services. The data fabric market by type has been segmented into in memory data fabric and disk based data fabric.
The data fabric market by application has been segmented into risk government and compliance management, security management and fraud detection, customer management, business processes management, marketing and sales management and others. The business processes management segment in the data fabric market segment by application is expected to lead the market over the subsequent years. Rising demand for analyzing and managing business data in real time and minimum help form the Information Technology team is driving this segment. Further data fabric is used for various operations across different organizations. Moreover, data fabric market helps in resolving operation rated issues and reorganizing operations across wide range of industries.
The data fabrics market by end use industry has been segmented into telecommunication industry, IT sector, Banking and Finance sector, healthcare industry, retail sector, manufacturing industry, energy sector, government sector, media and entertainment industry and others. Banking and finance sector is expected to lead the data fabrics market segmented by end use industry. High penetration rate of data fabrics in this sector has lead to the rise in demand.
Geographically the global data fabrics has been broadly segmented into Asia Pacific, Europe, Latin America, North America and Middle East and Africa. North America is expected to lead the data fabric market over the next few years. High adoption rate of data fabrics in this region is fueling the demand.
Some of the key players operating in the data fabric include Global IDs (U.S.), Denodo Technologies (U.S.), IBM Corporation (U.S.), NetApp (U.S.), Informatica Corporation (U.S.), SAP SE (Germany), Oracle Corporation (US), Splunk (US), Software AG (Germany), VMware (US), Talend (US), Teradata Corporation (US), HP Enterprises (US), K2View (Israel) and Syncsort (US).
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