Market Introduction
The US, Canada, and Mexico are major economies in North America that highly invest in advanced technologies, which makes the region a competitive market for market players. North America is one of the major technologically advanced regions across the world owing to a few factors such as the early adoption of technologies, investments from governments in new advancements, and strong economic growth. Digitization is touching the every aspect of lives and the region is swiftly transforming with the implementation of cloud computing, mobile technology, social media, and advances in analytics. In the digital transformation era, various technologies and solutions are implemented in North America to support the rapid and accelerating change. Data fabric solution is highly implemented in the region, which utilizes the recent advances in analytics and indicates how enterprise decision making plays an important role.
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.
Market Overview and Dynamics
The data fabric market in North America is expected to grow US$ 543.33 million in 2021 to US$ 991.87 million by 2028; it is estimated to grow at a CAGR of 9.0% from 2021 to 2028. With the digital transformation, the use of the cloud-based platform is increasing due to the simplification of the deployment time and the reduction in the deployment cost. Further, the internet infrastructure has matured in developed countries and is flourishing in several developing countries across the region, which allows Components in these countries access to the cloud-based platform. The adoption of data fabric across several applications is associated with the varying end user requirements. However, technological advancements also play a vital role in enhancing the adoption trend by companies and customers. For instance, many financial institutions use financial analytics to gain insights, ensure optimal performance, and make crucial decisions. Financial analytics helps the banking sector enhance the customer experience and assists in risk management. For these analytics, the data is extracted from the data fabric solution. Most of the leading analytics technology companies are developing a complete cloud-based suite that can enhance its digital properties. The cloud-based data fabric platform helps organizations in saving time and costs for onsite deployment of software solutions. For instance, IBM Corporation offers IBM Cloud Pak platform that enables a distributed data fabric that is hybrid and multi-cloud. IBM Cloud Pak for data enables just-in-time access to the right data across any cloud and on premises, at the optimum cost and with the appropriate level of governance. Hence, the increasing adoption of cloud technologies across industries is expected to drive the growth of the data fabric market during the forecast period.
Key Market Segments
In terms of deployment, the cloud systems segment accounted for the largest share of the North America data fabric market in 2020. In terms of component, the software segment accounted for the largest share of the North America data fabric market in 2020. In terms of solution, the data management segment accounted for the largest share of the North America data fabric market in 2020. In term of end-user, BSFI segment held a larger market share of the data fabric market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the data fabric market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Denodo Technologies; IBM Corporation; Informatica LLC; NetApp, Inc.; Oracle Corporation; SAP SE; Software AG; Teradata; K2View; and Hewlett Packard Enterprise Development LP among others.
Reasons to buy report
- To understand the North America data fabric market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America data fabric market
- Efficiently plan M&A and partnership deals in North America data fabric market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America data fabric market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
North America Data Fabric Market Segmentation
North America Data Fabric Market – By Deployment
- Cloud
- On-Premises
North America Data Fabric Market – By Component
- Software
- Services
North America Data Fabric Market – By Solution
- Data Discovery
- Data Ingestion
- Data Orchestration
- Fabric Data Access
- Data Management
- Fabric Management
North America Data Fabric Market – By End-user
- BFSI
- IT & Telecom
- Retail
- Power and Utilities
- Healthcare & Pharmaceuticals
- Others
North America Data Fabric Market – By Country
- US
- Canada
- Mexico
North America Data Fabric Market – Companies Mentioned
- Denodo Technologies
- IBM Corporation
- Informatica LLC
- K2View
- NetApp, Inc.
- Oracle Corporation
- SAP SE
- Software AG
- Teradata
- Hewlett Packard Enterprise Development LP
North America Data Fabric Market Strategic Insights
North America Data FabricMarket Report Highlights
| Report Attribute | Details |
| Market size in 2021 | US$ 543.33 Million |
| Market Size by 2028 | US$ 991.87 Million |
| CAGR (2021 - 2028) | 9.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Deployment
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Regions and Countries Covered
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| North America | US, Canada, Mexico |
| Market leaders and key company profiles |
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North America Data Fabric Market Country and Regional Insights
