09-Jun-2022 | Facts and Factors
According to Facts and Factors, the global data virtualization market was valued at USD 3,749.50 million in 2021 and is predicted to increase at a CAGR of 18.50% to USD 10,372.06 million by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.
Data virtualization solutions provide a common platform for data consumers to access massive amounts of data in the format they prefer, regardless of the server or source location. The amount of data generated in enterprises has increased in recent years as a result of several factors including digitalization, IoT, and advancements in traditional technologies. Furthermore, connected devices that are linked to the internet play a significant role in the generation of massive amounts of data. Multiple applications, such as the cloud, Software as a Service (SaaS), and the Internet of Things (IoT), are advancing, adding to the massive volume of data collected.
Browse the full “Data Virtualization Market By Component (Standalone Software, Data Integration Solution, Application Tool Solution), By Deployment Mode (Cloud, On-premises), By Data Consumer (BI Tools, Enterprise Applications, Mobile and Web Applications), By Enterprise Size (Large Enterprises, SMEs), By End-User (Manufacturing, BFSI, Research and Academia, Media and Entertainment, Retail and e-commerce, Government and Defense, Telecom and IT, Others), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028" report at https://www.fnfresearch.com/data-virtualization-market
The primary driver of the data virtualization market is the increase in the volume of data generated. Furthermore, as the demand for data integration software tools grows, so does the development of data virtualization solutions. These solutions also help to reduce costs, improve working capital, increase process efficiency, and shorten the time it takes to develop new products. Data virtualization solutions offer benefits such as improved data management, a shorter time-to-market, and higher data quality. For a variety of reasons, including digitalization, IoT, and advancements in traditional technologies, the amount of data generated in organizations has increased in recent years. Furthermore, internet-connected devices play a significant role in the generation of massive amounts of data. These are some of the key factors driving the overall growth of the Data Virtualization Market.
The standalone segment dominates the market based on the component. This software refers to computer software that can run without the need for a network connection. Software that is not part of a software package. When the core program functionality does not necessitate an internet connection, stand-alone applications are used. The data can all be saved locally on the device. The app does not need an internet connection to work.
The Banking, Financial Services, and Insurance (BFSI) sector are expected to dominate the Data virtualization Market during the forecast period, with the highest CAGR. Beyond data federation, modern data virtualization vendors offer read-and-write access to a wide range of source data systems, a metadata repository, the ability to persist federated queries, data abstraction, and advanced security, governance, and query processing features that previous generation data federation tools did not offer. The transition to digital banking necessitated the generation of larger volumes of data as well as the demand for data integration software tools.
North America will hold the largest share of the market due to. The primary driver of this business is the volume of data generated. Furthermore, as the demand for data integration software tools grows, so does the development of data virtualization solutions. These solutions also help to reduce costs, improve working capital, increase process efficiency, and shorten the time it takes to develop new products.
The report contains qualitative and quantitative research on the global data virtualization market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 3,749.50 Million |
Projected Market Size in 2028 |
USD 10,372.06 Million |
CAGR Growth Rate |
18.50% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
IBM (US), SAP SE (Germany), Informatica (US), Denodo Technologies (US), Oracle Corporation (US), TIBCO Software (US), Microsoft Corporation (US), Red Hat (US), SAS Institute (US), Information Builders (US), Openlink Software (US), Datometry (US), Gluent (US), and Others |
Key Segment |
By Component, Deployment Mode, Data Consumer, Enterprise Size, End User, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the major companies operating in the data virtualization market are IBM (US), SAP SE (Germany), Informatica (US), Denodo Technologies (US), Oracle Corporation (US), TIBCO Software (US), Microsoft Corporation (US), Red Hat (US), SAS Institute (US), Information Builders (US), and others.
The Global Data Virtualization Market is segmented as follows:
By Component:
- Standalone Software
- Data Integration Solution
- Application Tool Solution
By Deployment Mode:
By Data Consumer:
- BI Tools
- Enterprise Applications
- Mobile and Web Applications
By Enterprise Size:
By End-User:
- Manufacturing
- BFSI
- Research and Academia
- Media and Entertainment
- Retail and e-commerce
- Government and Defense
- Telecom and IT
- Others (transportation, and oil and gas)
By Regional Segment Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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