Report : Europe 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)
Software Segment to dominate Europe Data Fabric Market during 2020–2028
According to a new market research study on “Europe 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$ 677.44 million by 2028 from US$ 315.58 million in 2021. The market is estimated to grow at a CAGR of 11.5% from 2021 to 2028. The report provides trends prevailing in the Europe data fabric market along with the drivers and restraints pertaining to the market growth. Up-lifting demand for real-time analytics, elevating number of internet users, and enhancing quality and variety of business Data are the major factor driving the growth of the Europe data fabric market. However, increasing security and privacy concerns hinder the growth of Europe data fabric market.
In 2020, the impact of COVID-19 differed from country to country across the European region as selected countries witnessed an increase in the number of recorded cases and subsequently attracted strict and longer lockdown periods or social isolation. However, Western European countries such as Germany, France, Russia, the UK, and others have seen a comparatively modest decrease in their growth activities because of the robust healthcare system. To protect its citizens from the virus, the European government has made tremendous investments in incorporating technologies in its healthcare systems to help identify signs of the virus. Further, in 2021, the offices are operating fluently with the uplifting of lockdown and ongoing vaccination process. Almost every industry has been negatively impacted in COVID-19 pandemic. However, the software industry is not affected as other industries, since businesses allowed their employees to work from home. Due to work from home facility, have resulted in the rise of quantity and variety of business data, the rise in need for business agility and data accessibility, and increasing demand for business analytics, contributing to the positive growth of the data fabric market in the region.
The Europe 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 France, Germany, Italy, the UK, Russia, and Rest of Europe. In 2020, the UK held the largest share in the market and Germany 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 Europe 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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