With its focus on accessing data from disparate systems, data fabric is gaining momentum as an alternative to traditional data warehouses and lakes. Companies need rapid access to data for analytics and other critical business activities. A data fabric addresses these needs by connecting multiple tools and applications to enable quick, efficient and secure data delivery. This technology makes the connections to a company’s valuable information – whether it’s structured, unstructured or hybrid data – as seamless and easy as possible for human and machine users.
Market Dynamics:
Businesses are increasingly leveraging data fabric technologies to reduce IT costs, accelerate business processes, and improve customer experience. This in turn is expected to drive growth of the global data fabric market over the forecast period. Moreover, it is a critical component in the implementation of Machine Learning (ML) and Artificial Intelligence (AI), which require massive volumes of scalable data.
However, lack of awareness, and high cost involved in use of data fabric market is expected to hinder growth of the global data fabric market over the forecast period.
Key features of the study:
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