Search Market Research Report
Data Virtualization Market Size, Share Global Analysis Report, 2022 – 2028
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
Industry Insights
[231+ Pages Report] 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.
Market Overview
The integration of data from various sources necessitates the use of a common platform on which the data can be stored until it is delivered to the client's premises. Data integration is time-consuming because most data sources use different servers that do not communicate with one another. Data virtualization solutions provide a common platform from which data consumers can access large volumes of data in the appropriate format, regardless of server or source location. These solutions also aid in cost optimization, working capital enhancement, process efficiency, and the reduction of time required to develop new products. The market is expected to grow significantly over the next five years as a result of the need to access large volumes of data stored across an enterprise at disparate sources. Some of the major driving factors for the market are the generation of large amounts of data and the increasing demand for data integration software tools.
The amount of data generated in organizations has increased in recent years for a variety of reasons, including digitalization, IoT, and advancements in traditional technologies. Furthermore, connected devices that are linked to the internet are a significant factor in the generation of massive amounts of data. The data generated by these sources is stored in various formats at various physical locations, making quick access to data a difficult process. Moreover, there is progress in a variety of applications, such as the cloud, software as a service (SaaS), and IoT, which contribute to the massive amount of data generated. Data virtualization solutions provide advantages such as improved data management, faster time-to-market, and higher data quality. These are some of the key factors driving the data virtualization market's overall expansion.
Impact of COVID – 19
The ongoing pandemic has had a positive impact on the Global Data Virtualization Market in a variety of regions. During the COVID-19 pandemic, the global market experienced critical development. The growing interest in distributed computing innovation has increased global market demand during the lockdown in various regions. As a result, the medical industry has shown a strong interest in data center virtualization products to improve their security system. Furthermore, the key players have played an important role in boosting the forecast period of the global data virtualization market.
The complete research study looks at both the qualitative and quantitative aspects of the data virtualization market. Both the demand and supply sides of the market have been investigated. The demand side study examines market income in various regions before comparing it to all of the major countries. The supply-side research examines the industry's top rivals, as well as their regional and global presence and strategies. Each major country in North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America is thoroughly investigated.
Segmentation Analysis
The global Data Virtualization market is segregated based on component, deployment mode, data consumer, enterprise size and end-user.
Based on the component, the standalone segment dominates the market. This software refers to computer software that can run without requiring a network connection to function. Software that is not part of a software package. Standalone applications are used when the core program functionality does not require an internet connection. All of the data can be saved locally on the device. The app does not require an internet connection to function. These are some examples of popular software products that provide a specific solution to the end-user.
Based on the data consumer, the BI tools segment dominates the market. They are programs that collect, process, analyze, and visualize massive amounts of data from the past, present, and future in order to provide actionable business insights, generate interactive reports, and facilitate decision-making. Tableau includes a number of useful features that make it simple to share data across interactive dashboards. Involve your entire team or organization in decision-making for better results. Embedded analytics can be scaled to meet your company's needs.
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 |
Request customized purchase options to meet your research needs. Explore purchase options |
Regional Landscape
The North American data virtualization market is expected to grow at a rapid pace during the forecast period. Due to the presence of established data virtualization solution vendors in the region, North America sees high adoption of data virtualization solutions. Enterprises are currently focusing heavily on implementing data virtualization solutions in order to accelerate project value, reduce upfront costs, and form agile information architecture.
Furthermore, rapid development and innovation in the field of data management systems, as well as growing awareness among end-users, are expected to create new opportunities for the data virtualization market to grow.
Competitive Landscape
List of Key Players in the Global Data Virtualization Market:
- 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)
The Global Data Virtualization Market is segmented as follows:
By Component Segment Analysis
- Standalone Software
- Data Integration Solution
- Application Tool Solution
By Deployment Mode Segment Analysis
- Cloud
- On-premises
By Data Consumer Segment Analysis
- BI Tools
- Enterprise Applications
- Mobile and Web Applications
By Enterprise Size Segment Analysis
- Large Enterprises
- SMEs
By End-User Segment Analysis
- 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
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Sweden
- Norway
- 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
Table of Content
Industry Major 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)
Copyright © 2023 - 2024, All Rights Reserved, Facts and Factors