The global Data Fabric Market is estimated to be valued at US$ 2.27 Bn or Billion in 2023 and is expected to exhibit a CAGR of 25% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Data fabric is a distributed data management architecture that delivers unified access to all data across an organization to support a variety of use cases, including business intelligence, big data, Internet of Things (IoT), and machine learning. A data fabric allows enterprises to seamlessly integrate all their data to achieve a single coherent view across diverse systems, data types, and formats. Market key trends:
One of the major trends in the data fabric market is the increasing adoption of the cloud-based platform. Cloud-based deployment of data fabric allows enterprises to use it as a service at a lower cost, without the need for upfront investment in hardware. It also offers advantages such as scalability, data integration, and better management of rapidly increasing volumes of data. The growth of cloud computing is expected to drive the demand for cloud-based data fabric solutions over the forecast period.
SWOT Analysis
Strength: The data fabric market offers flexibility and centralized data management. It helps organizations gain insights from enterprise-wide data in real-time.
Weakness: Converting legacy systems to embrace new technologies is a challenge for many organizations. This requires heavy investments.
Opportunity: The rise in big data analytics and need to derive business value from data offers opportunities for growth. Organizations are investing more in data management strategies.
Threats: Integration issues with legacy systems can negatively impact implementations. Lack of skilled workforce is also a threat.

Key Takeaways
The global data fabric market is expected to witness high growth, exhibiting CAGR of 25% over the forecast period, due to increasing demand for unified data views across organizations.

Market size
The Global Data Fabric Market Growth for 2023 is US$ 2.27 Bn. Factors like growing data volumes, need for fast data access, and investments in digital transformations are driving the demand.

Regional analysis
North America dominates currently due to rapid technology adoption. Asia Pacific is expected to grow at the fastest rate owing to rising digitalization initiatives among enterprises in major countries like China and India.

Key players
Key players operating in the data fabric market include Denodo Technologies, Talend, Global IDs., Splunk Inc., Hewlett Packard Enterprise Company, Software AG, IBM Corporation, SAP SE, NetApp, and Oracle Corporation. The market is expected to witness increased mergers and acquisitions as players focus on enhancing their capabilities.

Get more insights on this topic: https://www.zupyak.com/p/3941952/t/growing-demand-for-data-analytics-to-boost-the-growth-of-the-data-fabric-market