Europe Data Fabric Market

Market Introduction

Germany, France, the UK, Russia, and Italy are among the major countries in Europe. The banking sector in the region faces various challenges such as rising regulations, increasing competition, and changing customer behavior. These factors force the sector to adopt digital technologies to compete in the market. The banking sector in Europe is highly adopting big data analytics solutions to maximize business performance. The technology help industry enhance retention, improve discounting, and segment their customer base to efficiently acquire new customers. As technology is evolving, devices, such as smartphones and tablets, to initiate transactions are also proliferating, making a notable rise in transaction. In the banking industry, big data analytics help understand the customer behavior in terms of the inputs received from numerous insights that comprises shopping trends, investment patterns, investment motivation, and financial background. Thus, owing to the huge significance of big data analytics, the demand for data fabric solutions is likely to surge across Europe in the coming years.

In 2020, the impact of COVID-19 differed from country to country across the European region as selected countries witnessed an increase in the number of recorded cases and subsequently attracted strict and longer lockdown periods or social isolation. However, Western European countries such as Germany, France, Russia, the UK, and others have seen a comparatively modest decrease in their growth activities because of the robust healthcare system. To protect its citizens from the virus, the European government has made tremendous investments in incorporating technologies in its healthcare systems to help identify signs of the virus. Further, in 2021, the offices are operating fluently with the uplifting of lockdown and ongoing vaccination process. Almost every industry has been negatively impacted in COVID-19 pandemic. However, the software industry is not affected as other industries, since businesses allowed their employees to work from home. Due to work from home facility, have resulted in the rise of quantity and variety of business data, the rise in need for business agility and data accessibility, and increasing demand for business analytics, contributing to the positive growth of the data fabric market in the region.

Europe Data Fabric Strategic Insights

Strategic insights for the Europe 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.

Europe Data Fabric Report Scope

Europe Data Fabric Regional Insights

The geographic scope of the Europe 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 Europe is expected to grow US$ 315.58 million in 2021 to US$ 677.44 million by 2028; it is estimated to grow at a CAGR of 11.5% 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 Europe data fabric market in 2020. In terms of component, the software segment accounted for the largest share of the Europe data fabric market in 2020. In terms of solution, the data management segment accounted for the largest share of the Europe 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 Europe 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 Europe 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 Europe data fabric market
• Efficiently plan M&A and partnership deals in Europe 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 Europe data fabric market
• Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

Europe Data Fabric Market Segmentation

Europe Data Fabric Market – By Deployment

• Cloud
• On-Premises

Europe Data Fabric Market – By Component

• Software
• Services

Europe Data Fabric Market – By Solution

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

Europe Data Fabric Market – By

End-user

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

Europe Data Fabric Market – By

Country

• France
• Germany
• Italy
• UK
• Russia 
• Rest of Europe     

Europe 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