Data fabric solutions help organizations manage and extract insights from large volumes of structured and unstructured data across data stores to eliminate data silos and improve overall business performance. They facilitate integration and consolidation of enterprise-wide data by connecting diverse sources and making it available for analytics and application development.
Market key trends: Unstructured data democratization
The adoption of data fabric architecture and solutions is being driven by the growing need to democratize access to unstructured data assets and extract actionable insights from them. Traditional centralised data warehouses struggle to process large volumes of hybrid structured and unstructured data from multiple sources in real-time. Data fabric provides a single, federated view of data regardless of its type or source by breaking down data silos across platforms. This allows business users and citizen data scientists to directly query and analyse raw enterprise data for generating new revenue streams and improving customer experiences. The ability of data fabric to seamlessly support data governance, security and privacy controls while enabling self-service analytics on both structured and unstructured enterprise data has boosted its demand across industries.
Segment Analysis
The global data fabric market is dominated by the applications sub-segment which held around 35% share of the total market in 2024. The applications sub-segment comprises solutions that help enterprises in managing and governing the flow and access of data across their IT infrastructure. The increasing demand for applications focused on providing a centralized platform for data management, governance and security is driving the growth of this sub-segment.
Key Takeaways
Global Data Fabric Market Size is expected to witness high growth over the forecast period of 2024 to 2031.
Regional Analysis: The North America region dominated the global data fabric market in 2024 with around 45% share. This can be attributed to high technology adoption and the presence of prominent data fabric vendors in the region. Furthermore, organizations in the region are increasingly investing in advanced data management solutions to drive data-based decision making.
Key players operating in the data fabric market are Merck KGaA, Sanofi, AlpalifeB Inc, GenScript, Novartis International AG, Taisho Pharmaceutical Holdings Co., Ltd., Sino Biological, Inc., GeneMedi, Biocytogen, Abnova Corporation, NanoTag Biotechnologies, Avillion LLP, Capra Science, Numab Therapeutics, CUSABIO TECHNOLOGY LLC, Proteintek Group, Inc., GT Biopharma, Inc., Confo Therapeutics, R&D Systems, Inc., Abcepta Biotech Ltd. Co.
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