Market Highlights
As indicated by Market Research Future (MRFR), the global Data Virtualization Industry size is assessed to reach around USD 278 billion, with a 15% CAGR from 2017 to 2023 (forecast period). The review report incorporates a short outline of the effect of COVID-19 on current/future market conditions. The report portrays a portion of the primary market factors that will impact the development of the industry, for example, market share, basic area, and key part.
Data Virtualization is a clear way to deal with data the executives by permitting an application to recover and control data without requiring any specialized insights concerning the data (old and new record area servers.
Market Dynamics
The Data Virtualization Industry is relied upon to grow at a fast rate, representing venture applications, for example, CRM, ERP, CMS, ESB, BI, Web conferencing, and numerous others. Data virtualization can be capable as a high level and easy to use variation of the Data Federation, however there is a significant contrast between them. Data organization additionally rotates around data extraction, data change, and data load, while data virtualization makes a reflection layer that can be utilized to have a coherent perspective on all data without agonizing over the specialized particulars of the data. Data virtualization combined data from different sources, for example, functional frameworks, cloud administrations, data focuses, social databases, and others, makes a reflection layer, and conveys data to clients like venture applications and application servers.
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Segmentation:
The global market for data virtualization has been segmented on the basis of data consumers, vendors, and end-user.
On the basis of data consumers, the global data virtualization market has been divided into Business Intelligence (BI), Mobile Enterprises and Application servers. Of these, Mobile enterprise has the largest market share, rising rapidly at 5% annual growth. The main factors that add value to the mobile enterprise are the increase in smartphone penetration, the increase in real-time information capture, and the efficiency and productivity of the organization to make their business mobile ready.
On the basis of vendors, the global data virtualization market has been categorized as large software vendors, service providers, specialized pure play vendors, and supplementary technologies. Informatica, Cisco, and Denodo are the leaders and major software vendors. However, as such, Microsoft is not a leader or competitor but holds the place in supplementary technologies in data virtualization.
Based on the end-user, the global data virtualization market has been segmented into healthcare, insurance, retail, manufacturing, E-commerce, media, telecom, and government.
Regional Analysis
Regionally, the global data virtualization market has been segmented into North America, Europe, APAC, and the rest of the world.
North America expected to gain the highest market share. Data virtualization is held integrated through different technology and trends such as cloud services, enterprise services, application servers, and several data architects, CIO's CTO seems to have an interest in data virtualization. With the early adoption of innovative technologies, North America is leading the way.
Key Players
This market is held by some of the renowned players who have contributed a lot to it. Some of the most prominent players are Cisco Systems (US), IBM Corporation (US), Red Hat Software (US), Informatica (US), Denodo Technologies Inc (US), SAP SE (Germany), Capsenta (US), Data Virtuality (Germany), Oracle Corporation (US), and Microsoft Corporation (US).
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Data Virtualization Industry, By Data Consumers (Business Intelligence (BI), Mobile Enterprises, Application Servers), By Vendors (Large Software vendors, Specialize Pure Play vendors, Service providers, Supplementary Technologies), By End – User (Healthcare, Insurance, Retail, Manufacturing, E-commerce, Media, Telecom and Government) and By Region (North America, Europe, APAC and Rest of the World).
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