Report : North America 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)
Cloud Segment to dominate North America Data Fabric Market during 2020–2028
According to a new market research study on “North America 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$ 991.87 million by 2028 from US$ 543.33 million in 2021. The market is estimated to grow at a CAGR of 9.0% from 2021 to 2028. The report provides trends prevailing in the North America data fabric market along with the drivers and restraints pertaining to the market growth. Surging quality and variety of business data, boosting demand for real-time analytics, and growing adoption of cloud platforms are the major factor driving the growth of the North America data fabric market. However, raising security and privacy concerns hinder the growth of North America data fabric market.
North America is one of the most critical regions for the adoption and growth of new technologies due to favorable government policies to boost innovation, the presence of a substantial industrial base, and high purchasing power, especially in developed countries such as the US and Canada. The US is a prominent market for data fabric in several industries. The company consists of maximum number of data fabric platform developers. Further, this pandemic has forced the companies to adopt for work from home trends leading to the increased demand for big data and data analytics. In 2020, companies explored AI applications and big data analytics to provide insights for users to plan resource use for speci?c challenges in medical health and proposed a medical health model based on AI and big data analytics. Such innovations and big data contribution in the healthcare industry is propelling the data fabric market in the region.
The North America 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 the US, Canada, and Mexico. In 2020, the US held the largest share in the market and it is also 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 North America 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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