Asia Pacific Data Fabric Market

Market Introduction

The Asia Pacific data fabric market is segmented into China, India, Japan, South Korea, Australia, and the rest of APAC. Swift developments pertaining to technologies, initiatives from governments to enhance various industries, and rise in disposable income of the middle-income class group are among the factors propelling the overall economic growth of Asia Pacific. The region comprises various growing economies that are witnessing a high growth in digitalization in several industries. Numerous government initiatives, such as Digital India, have increased the adoption of digital technologies in many Asia Pacific sectors. For instance, in the BFSI sector, digitalization resulted in the emergence of several digital payment wallets, which, in turn is giving tough competition to the banks. As a result, banks have started enhancing their digital banking services to serve their customers better and maintain their competitive edge. Asia Pacific has a vast tech-savvy population owing to the increasing usage of smartphones and easy internet access. Therefore, banks are adopting innovative digital banking solutions as customers demand easy access to all their banking needs with minimum efforts. The rising digitization is propelling the demand for big data analytics in Asia Pacific, which increases the adoption of data fabric solutions in the region.

In 2020, because of many cases in China, the Asia Pacific region was greatly affected by COVID-19. The country also homes the most significant population worldwide, thereby imposing greater risk on many individuals; it is also a world leader of many global brands. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has also affected other significant economies outside China, such as large India, Australia, and Japan, and is experiencing low inflation. Further, in 2021, the offices are operating fluently with the uplifting of lockdown and ongoing vaccination process. The growing urbanization, high BFSI & retail industries growth, and rising disposable income level in this region make it a highly promising market for the future growth of data fabric market. With an increase in the adoption of work from home trend during lockdowns, the demand for big data and data analytics have been increased significantly. Further, during the COVID-19 pandemic, numerous industries have adopted digital transformation for continuity of the businesses. This fact increased the demand for data accessibility, therefore, resulting in augmented adoption of the data fabric. This showcases the positive growth of data fabric market in the region during the pandemic.

Asia Pacific Data Fabric Strategic Insights

Strategic insights for the Asia Pacific Data Fabric provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Data Fabric Report Scope

Asia Pacific Data Fabric Regional Insights

The geographic scope of the Asia Pacific Data Fabric refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The data fabric market in Asia Pacific is expected to grow US$ 257.97 million in 2021 to US$ 616.28 million by 2028; it is estimated to grow at a CAGR of 13.2% from 2021 to 2028. Increase in the internet usage and rise in the several connected devices, such as smartphones, laptops, tablets, and computers, directly increase the quantity and variety of business data. For instance, for monitoring purposes, cameras and sensors are used to continuously gather location data. The increasing need to drive meaningful insights from the gathered data fuels the adoption of data analytics among businesses. For analytics purpose, the data is extracted from data fabric. Further, while analyzing, data fabric integrates data from structured, semi-structured, and unstructured data sets. The variety of business data and the quantity of the data sets are increasing day-by-day due to the evolution of digitalization across several business organizations. For instance, according to Domo’s Eighth-Annual Data, in every minute of every day, consumers spend US$ 1 million online, make 1.4 million video and voice calls, share 150,000 messages on Facebook, and stream 404,000 hours of videos on Netflix. Thus, collective data that needs to be managed is in a huge quantity. Therefore, the data fabric is used for data management. Data fabric helps integrate data from various sources, store large amounts of data, and analyze it seamlessly in one place. Therefore, the demand for data fabric market is growing for gathering business information.

Key Market Segments

In terms of deployment, the cloud systems segment accounted for the largest share of the Asia Pacific data fabric market in 2020. In terms of component, the software segment accounted for the largest share of the Asia Pacific data fabric market in 2020. In terms of solution, the data management segment accounted for the largest share of the Asia Pacific data fabric market in 2020. In term of end-user, BSFI segment held a larger market share of the data fabric market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the data fabric market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Denodo Technologies; IBM Corporation; Informatica LLC; NetApp, Inc.; Oracle Corporation; SAP SE; Software AG; Teradata; K2View; and Hewlett Packard Enterprise Development LP among others.

Reasons to buy report

• To understand the Asia Pacific data fabric market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific data fabric market
• Efficiently plan M&A and partnership deals in Asia Pacific data fabric market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific data fabric market
• Obtain market revenue forecast for market by various segments from 2021-2028 in Asia Pacific region.

Asia Pacific Data Fabric Market Segmentation

Asia Pacific Data Fabric Market – By Deployment

• Cloud
• On-Premises

Asia Pacific Data Fabric Market – By Component

• Software
• Services

Asia Pacific Data Fabric Market – By Solution

• Data Discovery
• Data Ingestion
• Data Orchestration
• Fabric Data Access
• Data Management
• Fabric Management

Asia Pacific Data Fabric Market – By

End-user

• BFSI
• IT & Telecom
• Retail
• Power and Utilities
• Healthcare & Pharmaceuticals
• Others

Asia Pacific Data Fabric Market – By

Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC     

Asia Pacific Data Fabric Market – Companies Mentioned

• Denodo Technologies   
• IBM Corporation            
• Informatica LLC
•  K2View
• NetApp, Inc.
• Oracle Corporation 
• SAP SE  
• Software AG
• Teradata
• Hewlett Packard Enterprise Development LP