Cloud Segment to dominate South America Data Fabric Market during 2020–2028

According to a new market research study on “South 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$ 63.87 million by 2028 from US$ 48.52 million in 2021. The market is estimated to grow at a CAGR of 4.0% from 2021 to 2028. The report provides trends prevailing in the South America data fabric market along with the drivers and restraints pertaining to the market growth. Burgeoning demand for real-time analytics, enriching quality and variety of business data, and up-raising adoption of cloud platforms are the major factor driving the growth of the South America data fabric market. However, escalating security and privacy concerns hinder the growth of South America data fabric market.

Brazil has the most significant number of cases with COVID-19, followed by Argentina, Peru, Chile, and Ecuador amongst others. In 2020, the covid-19 pandemic led to the closure of all economic activities across the region to combat the spread of the virus. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. At the beginning of 2020, the COVID-19 outbreak has majorly caused the recruitment process in several organizations. Further, in 2021, with the uplifting of lockdown and ongoing vaccination process, the offices are operating fluently, and colleges are also working with remote studying facilities. The presence of various developing countries in South America makes this region one of the key markets for the future growth of data fabric market. The growing population, rising disposable income, high demand for advanced technologies, and huge focus on digital transformation are some of the key factors expected to drive the growth of the data fabric market in South America. 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 South 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 Brazil, Argentina, and Rest of SAM. In 2020, Brazil 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; and Hewlett Packard Enterprise Development LP are among the leading companies in the South 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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