At 16.5% CAGR, North America Data Mesh Market is Projected to be Worth US$ 1,558.31 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the North America data mesh market was valued at US$ 458.02 million in 2023 and is expected to reach US$ 1,558.31 million by 2031, registering a CAGR of 16.5% from 2023 to 2031. Growing demand for democratization among businesses and increasing need for federated computational governance are among the critical factors attributed to drive the North America data mesh market growth.

The growing demand for data democratization among businesses is driving the data mesh market. Data democratization requires data mesh architecture for managing large data. Data mesh architecture signifies a change by providing quick access to companies for accurate and pertinent data within the businesses. Many businesses across the world are dismantling conventional methods of storing large data by creating an atmosphere to freely access, understand, and use specific data and responsibilities. This democratized approach facilitates faster decision-making by enabling instant access to contextualized and real-time data and encourage collaboration among teams and businesses.

The growing demand for data mesh strategies among businesses and their increasing adoption are fueling the market growth. Data mesh strategies promote a culture of team-based data ownership and accountability, stimulating creativity and boosting business productivity. These strategies allow businesses to structure data into manageable and self-service domains. This process ensures that users can easily access, understand, and use the data. Additionally, the rising demand for data mesh solutions among businesses for managing and handling data of different domains is driving the market.

On the contrary, the complexity and challenges associated with implementing data mesh hamper the growth of North America data mesh market.

Based on solution, the North America data mesh market is segmented into data integration and delivery, federated data governance, data operations, data transformation and orchestration, and others. The data integration and delivery segment held 32.2% market share in 2023, amassing US$ 147.70 million. It is projected to garner US$ 542.57 million by 2031 to register 17.7% CAGR during 2023-2031.

In terms of deployment, the North America data mesh market is bifurcated into on-premise and cloud. The cloud segment held 72.1% share of North America data mesh market in 2023, amassing US$ 330.13 million. It is anticipated to garner US$ 1,150.48 million by 2031 to expand at 16.9% CAGR during 2023-2031.

By application, the North America data mesh market is segmented into customer experience engagement, data privacy management, IOT monitoring, and others. The data privacy management segment held 37.9% market share in 2023, amassing US$ 173.55 million. It is projected to garner US$ 639.31 million by 2031 to register 17.7% CAGR during 2023-2031.

By industry vertical, the North America data mesh market is segmented into BFSI, retail and e-commerce, IT and telecom, healthcare, government and utilities, and others. The BFSI segment held 24.8% market share in 2023, amassing US$ 113.71 million. It is projected to garner US$ 408.48 million by 2031 to register 17.3% CAGR during 2023-2031

By country, the North America data mesh market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 81.6% share of North America data mesh market in 2023. It was assessed at US$ 373.88 million in 2023 and is likely to hit US$ 1,292.76 million by 2031, registering a CAGR of 16.8% during 2023-2031.

Key players operating in the North America data mesh market are Microsoft Corp; Alphabet Inc; Oracle Corp; International Business Machines Corp; Amazon.com Inc; QlikTech International AB; Confluent Inc; Hitachi Vantara Corp; Dremio Corp; SAP SE; Snowflake Inc; K2view Ltd; Denodo Technologies, Inc; Informatica Corp; Estuary Technologies, Inc.; Databricks Inc; Cisco Systems Inc; TIBCO Software Inc.; Autodesk Inc; and Adobe Inc, among others. 

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