Data fabric, also known as Enterprise Data Fabric (EDF) or in-memory data grid, is a memory-based, distributed data managing platform that utilizes cluster-wide resources such as CPU, memory, local disk and network bandwidth in order to achieve application logic and application data. Data Fabric uses dynamic data partitioning and replication techniques to provide constant availability, linear scalability, and high performance for rigorous data applications. The data fabric offers all these without compromising the data consistency at any situation. Logic execution of applications can be parallelized by moving application logic to the data nodes or vice versa. Moreover, clients can pitch in to data changes in the data fabric for reliable and asynchronous event notifications.
The major factors driving the data fabric market include rising variety and volume of business data, emergent need for business accessibility and agility, and increasing demand for real-time data analytics. Moreover, the data fabric market is emerging rapidly owing to the alteration from customary data management techniques to innovative techniques and massive increase in the flow of flowing structured as well as unstructured data.
However, data loss and high installation cost may hinder the growth of the market in the coming years. However, increasing adoption of cloud as well as massive increase in data spending by organizations around the world are likely to drive the global data fabric market during the forecast period.
The global data fabric market can be segmented by component, type, deployment model, organization size, application and geography. By component the market is bifurcated into software and services. On the basis of type of data fabric, the global market is segmented into disk-based data fabric and in-memory data fabric. By deployment model, the data fabric market can be segregated into on-premises and on-demand. Companies are deploying data fabric solutions rapidly either on on-demand or on their premises. The adoption of cloud-based or on-demand data fabric solutions is growing owing to its time-efficient and cost-effective characteristics. Its growth is primarily high in SMEs or Small and Medium-sized Enterprises, where cost is an important factor and economical solutions are desired. Based on organization size the overall market is divided into large enterprises and small and medium-sized enterprises. By application, the global data fabric market can be segmented into banking, financial services, and insurance, telecommunications and IT, retail and ecommerce, healthcare and life sciences, manufacturing, government, energy and utilities and media and entertainment among others. The BFSI or Banking, Financial Services, and Insurance segment is likely to account for the maximum share of the global data fabric market in 2016. The growth of this segment is driven by the rising need of the customers to simplify their security related workload and their growing dependence on data that is generated from a variety of IT systems primarily used for financial transactions. The manufacturing segment is likely to rise at the maximum CAGR owing to the rising demand for managing data that comes from numerous IT systems and other connected machines, including supply chain management.
By geography, the global data fabric market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America region followed by Europe accounted for the maximum share of the global data fabric market in 2016. This is majorly due to the developed economies such as the U.S. and Canada. In these countries, there is a heightened focus on innovations and technological developments obtained from the cutting-edge technological advancements and availability of strong research and development resources.
Key players operating in the global data fabric market are Denodo Technologies (California), International Business Machines Corporation (The U.S.), Oracle Corporation (The U.S.), Informatica (The U.S.), NetApp Inc.(The U.S.) and SAP SE (Germany). Some of the other players operating in the market are Software AG (Germany), VMware Inc. (The U.S.), Syncsort (The U.s), Talend S.A. (The U.S.), Teradata Corporation (The U.S.) and Hewlett Packard Enterprise Company (The U.S.).
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