Data Fabric Market 2023 Is Set To Fly High In Upcoming Year | MENAFN.COM>
– menafn.com
According to a recent report by MarketsandMarkets, the data fabric market is estimated to reach over $19 billion, by 2023, at a CAGR of 24.2%. The growth of the market is attributed to various factors such as a rising need for reliable, secure, and smart data management across organizations and increasing investments in analytics solutions. Data fabric is a dynamic architecture for managing data across multiple cloud and physical data sources. It enables organizations to create data-driven insights in real-time, by connecting multiple data sources into a single platform and securely provides access to the data. Because of its ability to innovate and connect disparate data silos, the demand for data fabric is increasing across enterprises. The growing demand for digital transformation initiatives, rising need for data security, and increased investments in analytics solutions are driving the market growth. Major players in the data fabric market include IBM Corporation, Teradata Cororation, Oracle Corporation, Microsoft Corporation, SAP, Cisco Systems, Inc., HiveIO, Inc., Talend, Cloudera, Dremio Corporation, and Alation, Inc. Major players are developing and introducing new versions of their products in order to retain their existing customers as well as attract new customers. With the
Link: https://menafn.com/1106582170/Data-Fabric-Market-2023-Is-Set-To-Fly-High-In-Upcoming-Year