At 13.1% CAGR, South & Central America Data Mesh Market is Projected to be Worth US$ 131.33 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the South & Central America data mesh market was valued at US$ 48.97 million in 2023 and is expected to reach US$ 131.33 million by 2031, registering a CAGR of 13.1% from 2023 to 2031. Unlocking fine-grained supervision for data governance and integration with cloud-native technologies and demand for domain-oriented data architecture are among the critical factors attributed to drive the South & Central America data mesh market growth.

In the evolving landscape of data mesh architecture, the idea of federated computational governance presents a significant opportunity. It provides a radical change to businesses in handling and controlling their dispersed data. The federated computational governance strategy is a decentralized model in which governance is not centralized but distributed among an organization's data domains and areas of expertise. A paradigm known as federated computational governance assures quality, security, and compliance across interconnected data domains while promoting cooperation and decision-making. Federated computational governance in this context makes it possible to construct federated data ownership, in which domain-specific specialists are in charge of guaranteeing the security, privacy, and quality of their data instead of a central governing authority. Federated computational governance is a framework that facilitates collaboration and decision-making by assuring quality, security, and compliance across interconnected data domains. The federated computational governance context makes it possible to establish federated data ownership to ensure the security, quality, and privacy of data. This context is used by domain-specific experts rather than a central governing body for appropriately managing the large amount of data in a specific domain of an organization, including marketing and sales, human resources, finance and accounting, research and development, and others. For instance, according to the ZipDo report of August 2023, financial sector investment in big data and business analytics reached US$ 100.2 billion in 2023, an increase of 43.0% from 2020. The finance and accounting domain deals with large amounts of data on a daily basis, which increases the demand for data mesh solutions among organizations for managing accurately and making real-time decisions. Data mesh encourages a sense of accountability and ownership among domain experts and data stewards. This distributed ownership brings governance techniques closer to the subtleties and complexities of the finance and accounting data domain and is expected to create opportunities in the market during the forecast period.

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

Based on solution, the South & Central 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 34.9% market share in 2023, amassing US$ 17.11 million. It is projected to garner US$ 48.11 million by 2031 to register 13.8% CAGR during 2023-2031.

In terms of deployment, the South & Central America data mesh market is bifurcated into on-premise and cloud. The cloud segment held 68.1% share of South & Central America data mesh market in 2023, amassing US$ 33.36 million. It is anticipated to garner US$ 91.63 million by 2031 to expand at 13.5% CAGR during 2023-2031.

By application, the South & Central America data mesh market is segmented into customer experience engagement, data privacy management, IoT monitoring, and others. The data privacy management segment held 42.1% market share in 2023, amassing US$ 20.59 million. It is projected to garner US$ 58.86 million by 2031 to register 14.0% CAGR during 2023-2031.

By industry vertical, the South & Central 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 28.9% market share in 2023, amassing US$ 14.17 million. It is projected to garner US$ 39.02 million by 2031 to register 13.5% CAGR during 2023-2031

By country, the South & Central America data mesh market is segmented into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 68.2% share of South & Central America data mesh market in 2023. It was assessed at US$ 33.39 million in 2023 and is likely to hit US$ 92.39 million by 2031, registering a CAGR of 13.6% during 2023-2031.

Key players operating in the South & Central 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.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com