Middle East & Africa Data Fabric Market
No. of Pages: 163 | Report Code: TIPRE00026236 | Category: Technology, Media and Telecommunications
No. of Pages: 163 | Report Code: TIPRE00026236 | Category: Technology, Media and Telecommunications
The Middle East & Africa data fabric market is segmented into South Africa, the UAE, Saudi Arabia, and the rest of MEA. Middle East & Africa is witnessing a rapid rise in urbanization and industrialization, which is driving the growth of the entire economy. The boost in per capita income, recovering economic conditions, and government spending on the infrastructure development of various industries in the region are among the factors driving the adoption of data fabric solutions. At present, various countries in the Middle East & Africa are recognizing the potentials of implementing ICT (Information and Communication Technology) in different industries to enhance the socio-economic climate of the country. For instance, Saudi Arabia has been a quick adopter of digital payment, realizing the potentials of a digital economy. Bahrain, Qatar, and Iran are other gulf countries leading the charge in digital disruption in the region. The changing consumer preferences in the Middle East & Africa are increasing the use of digital and mobile payments.A few factors such as robust economic growth, strong consumer demand, and growing fintech, especially in Gulf countries, are swiftly driving the growth of the BFSI industry in the Middle East & Africa. Governments in the region are accepting digital agendas to boost digitization. The high emphasis on digitization is likely to fuel the data fabric market growth in the coming years.
Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are the leading countries that faced the economic effects of COVID-19 in the Middle East & Africa region in 2020. It is becoming apparent with the COVID-19 pandemic spreading through the countries mentioned above that few can avoid its effects, posing significant challenges for all sectors, including food & beverage, retail, and medical systems. Further, many small and medium-sized enterprises (SMEs) in many Middle East states face challenges in running the business. The adoption of advanced technologies such as IoT and cloud is also quite high especially in countries such as the UAE. The demand for digitalization is growing at an impressive pace in this region and thus it is expected to offer ample growth opportunities for data fabric market in the coming years. Further, 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.
The data fabric market in Middle East & Africa is expected to grow US$ 75.64 million in 2021 to US$ 116.65 million by 2028; it is estimated to grow at a CAGR of 6.4% from 2021 to 2028. Over the past a few years, big data analytics has become a major research interest among practitioners and researchers. Private and public investments in the application of big data analytics have surged up to Million dollars across the world. A swift growth in data volume and its complexity due to the rising traffic of mobile data and cloud-computing and increasing development and adoption of technologies, such as AI (artificial intelligence) and IoT (internet of things), propel the demand for big data analytics technologies. These technologies have an enormous potential to transform the business completely. Big data platforms effectively analyze the huge structured and unstructured data sets. The BFSI industry is one of the biggest industries that spend a significant amount on big data and analytics technology. Potential countries, such as the UAE and Saudi Arabia, are highly active in implementing these technologies. Also, the governments are executing various projects to implement big data into various industries. Big data analytics technology is one of the significant drivers in the data fabric market, which helps in gaining actionable insights from the structured and massive data quantity available in unstructured data from various sources, such as the web and social media. The insight gained from big data analysis helps businesses enhance numerous areas such as customer retention, new markets discovery, optimized customer service, employee retention, and improved customer loyalty. Thus, the increasing need for big data analytics is requiring data fabric. Therefore, growing demand for real-time analytics helps in market growth.
In terms of deployment, the cloud systems segment accounted for the largest share of the Middle East & Africa data fabric market in 2020. In terms of component, the software segment accounted for the largest share of the Middle East & Africa data fabric market in 2020. In terms of solution, the data management segment accounted for the largest share of the Middle East & Africa data fabric market in 2020. In term of end-user, BSFI segment held a larger market share of the data fabric market in 2020.
A few major primary and secondary sources referred to for preparing this report on the data fabric market in Middle East & Africa 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.
Strategic insights for the Middle East & Africa 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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 75.64 Million |
| Market Size by 2028 | US$ 116.65 Million |
| Global CAGR (2021 - 2028) | 6.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Deployment
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East & Africa 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 Middle East & Africa Data Fabric Market is valued at US$ 75.64 Million in 2021, it is projected to reach US$ 116.65 Million by 2028.
As per our report Middle East & Africa Data Fabric Market, the market size is valued at US$ 75.64 Million in 2021, projecting it to reach US$ 116.65 Million by 2028. This translates to a CAGR of approximately 6.4% during the forecast period.
The Middle East & Africa Data Fabric Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Data Fabric Market report:
The Middle East & Africa Data Fabric Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Data Fabric Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Data Fabric Market value chain can benefit from the information contained in a comprehensive market report.
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