Report : Asia Pacific Data Fabric Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Deployment (On-Premise and Cloud), Component (Software and Services), Solution (Data Discovery, Data Ingestion, Data Orchestration, Fabric Data Access, Data Management, and Fabric Management), and End-user (BFSI, IT and Telecom, Retail, Power and Utilities, Healthcare and Pharmaceuticals, and Others)
Data Management Segment to dominate Asia Pacific Data Fabric Market during 2020–2028
According to a new market research study on “Asia Pacific Data Fabric Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Deployment, Component, Solution, and End-user,” is expected to reach US$ 616.28 million by 2028 from US$ 257.97 million in 2021. The market is estimated to grow at a CAGR of 13.2% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific data fabric market along with the drivers and restraints pertaining to the market growth. Widening adoption of cloud platform, accelerating number of internet users in the region, and elevating demand for real-time analytics are the major factor driving the growth of the Asia Pacific data fabric market. However, growing security and privacy concerns hinder the growth of Asia Pacific data fabric market.
In 2020, because of many cases in China, the Asia Pacific region was greatly affected by COVID-19. The country also homes the most significant population worldwide, thereby imposing greater risk on many individuals; it is also a world leader of many global brands. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has also affected other significant economies outside China, such as large India, Australia, and Japan, and is experiencing low inflation. Further, in 2021, the offices are operating fluently with the uplifting of lockdown and ongoing vaccination process. The growing urbanization, high BFSI & retail industries growth, and rising disposable income level in this region make it a highly promising market for the future growth of data fabric market. With an increase in the adoption of work from home trend during lockdowns, the demand for big data and data analytics have been increased significantly. Further, during the COVID-19 pandemic, numerous industries have adopted digital transformation for continuity of the businesses. This fact increased the demand for data accessibility, therefore, resulting in augmented adoption of the data fabric. This showcases the positive growth of data fabric market in the region during the pandemic.
The Asia Pacific data fabric market is segmented on the basis of deployment, component, solution, end-user, and country. Based on deployment, the market is bifurcated into cloud and on-premises. In 2020, cloud segment held the largest share in the market and it is also expected to be the fastest growing segment during the forecast period. Based on component, the market is bifurcated into software and services. In 2020, software segment held the largest share in the market and it is also expected to be the fastest growing segment during the forecast period. Based on solution, the market is segmented into data discovery, data ingestion, data orchestration, fabric data access, data management, and fabric management. In 2020, data management segment held the largest share in the market, and fabric management is expected to be the fastest growing segment during the forecast period. Based on end-user, the market is segmented into BFSI, IT & telecom, retail, power and utilities, healthcare & pharmaceuticals, and others. In 2020, BFSI segment held the largest share in the market and it is also expected to be the fastest growing segment during the forecast period. Similarly Based on country the market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. In 2020, China held the largest share in the market and India is expected to be the fastest growing country during the forecast period.
Denodo Technologies; IBM Corporation; Informatica LLC; NetApp, Inc.; Oracle Corporation; SAP SE; Software AG; Teradata; K2View; and Hewlett Packard Enterprise Development LP are among the leading companies in the Asia Pacific data fabric market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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