Global Data Virtualization Market Size Hit USD 17.66 Billion at a CAGR of 20.6% in 2030 | Oracle Corporation, Denodo Technologies Inc.
Surging demand for data virtualization along with the need for cost-effective data management solutions in large enterprises is driving the market growth.
Market Size – USD 3.34 billion in
2021 Market Growth - CAGR of 20.6%, Market Trends – Increase in demand for
Data Virtualization in Banking & Financial Sectors.
The Global Data
Virtualization Market size is estimated to reach USD 17.66 billion
from USD 3.34 billion in 2021, delivering a CAGR of 20.6% through 2030. The
market growth is driven by mounting demand for cost-efficient data management
solutions from enterprises to manage database generated from organizations on a
day-to-day basis.
In the modern era, database in enterprises comes in
different forms and is stored at different locations as well. The data can be
both structured or unstructured, including columns and rows in a traditional
database and data in formats such as email, social media content, logs, and
others. The Big Data in its different forms is stored in log files, databases,
SaaS, CRM, and other applications. Managing the database and records otherwise
would be difficult if there is no data virtualization, which integrates data
from different sources without moving or copying it, giving users a single
virtual layer that spans across formats, physical locations, and applications.
Several large and small enterprises are investing in data
virtualization technology as it enables easier and faster access to database.
It also aids with data mining, further enabling effective analytics, and is
extremely important for predictive analytics tools. Growing focus on lowing
high-cost involvement of record storage and reducing the risks of errors with
effective data management solutions will bolster the global data virtualization
market growth through 2030.
Key participants in
the market include Oracle Corporation, Denodo Technologies Inc., International
Business Machines Corporation, Red Hat Software, Informatica, SAS, Cisco
systems, Microsoft Corporation, Capsenta, and SAP SE, among others.
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Market Overview:
The research report
assesses the market dynamics, market landscape, company profiles, production
and manufacturing capacity, year-on-year growth rate, SWOT analysis, and
Porter’s Five Forces analysis. The report estimates the market size, market
growth, and provides an accurate forecast for the key segments of the market
for the forecast period of 2020-2028. The report also covers an in-depth
analysis of the key competitors of the market, along with their growth
strategies and business expansion plans.
The Data
Virtualization Market has been
segmented into key regions of the world and offers an analysis of growth rate,
market share, market size, current and emerging trends, production and
consumption ratio, industrial chain analysis, demand and supply, import and
export, revenue contribution, and presence of key players in each region. A
country-wise analysis of the market is offered in the report to gain a better
understanding of the regional spread and progress of the Data
Virtualization Market.
Further key findings from the report suggest:
- Based
on application, the standalone software application segment is estimated
to account for 15.2% of the market share, showcasing a growth rate of
20.2% through 2030. The robust growth can be attributed to benefits
offered by the software such as reduced data set governance complexity and
high-performance transaction.
- Mobile
& web applications is set to register a CAGR of 20.4% through the
forecast period. Integration of the technology in mobile and web
applications offer quicker and actionable data access, along with the
development of backend operations. The rapid proliferation of mobile &
web applications is generating high demand for faster access to records,
supporting segmental growth.
- The
Data Analytics & BI Tools segment accounted for 23.1% of the data
virtualization market share 2018 and is estimated to witness a notable
CAGR of 22.2% through 2026. The growing adoption of the virtualization
tool for analytics & BI Tools applications in organizations to
integrate all the sources of information and deliver big data solutions in
order to reduce the record warehousing & storage will foster market
revenue size.
- Based
on organization size, the large enterprise segment is expected to get a
market share of 21.2% by 2026. These enterprises are extensively
leveraging the technology for their business intelligence tools in order
to deal with huge amounts of records every day.
- On
the basis of end-use, the banking & financial sector is likely to
account for 22.5% of the market revenue share, delivering a CAGR of 22.1%
through 2026.
- In
the regional landscape, Europe is estimated to witness significant growth
rate of 20.1% through 2030.
- APAC
is estimated to register the highest growth rate of 24.5% and generate a
revenue of USD 2.78 Billion through 2030 due to the large amount of
database sources in the Banking & Financial Sectors and expansion of
the IT & Telecommunication sector in the region.
- North
America accounts for 35.4% of the market share, registering a growth rate
of 20.3% through 2030 on account of its financial stability and
technological advancement.
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For the purpose of this report, Reports and Data have
segmented the global data virtualization market on the basis of end users,
automation type, components of logistics, logistics model, and region:
Type of Usage Layer Method Outlook (Revenue, USD Billion;
2019-2030)
- Front-end
- Back-end
Organization Size Type Outlook (Revenue, USD Billion;
2019-2030)
- Small
and Medium Enterprises (SMEs)
- Large
Enterprises
Application of Logistics Outlook (Revenue, USD Billion;
2019-2030)
- Mobile
& Web Applications
- Websites
- Cloud-computing
Applications
- Standalone
Software
- UI
& UX Development
- Data
Analytics & BI Tools
- Search
Engine Tools
End Users Type Outlook (Revenue, USD Billion; 2019-2030)
- IT
& Telecommunication
- Healthcare
Industries
- Public
Sectors
- Banking
& Financial Sectors
- Media
& Entertainment
- Retail
& Ecommerce
- Manufacturing
Industries
- Transportation
Sectors
- Academics
& Research
- Others
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North
America
- U.S.
- Europe
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- MEA
- Latin
America
- Brazil
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Key Advantages of Data
Virtualization Market Report:
- Identification
and analysis of the market size and competition
- Qualitative
and quantitative analysis of the market data
- Data
validated by industry experts after extensive primary and secondary
research
- Extensive
regional analysis of the Data
Virtualization industry
- Profiling
of key players along with their business overview, business strategies,
deals and partnerships, and product portfolio
- SWOT and
Porter’s Five Forces Analysis for in-depth understanding of the
competitive landscape
- Feasibility
analysis and investment analysis to enable strategic investment decisions
- Analysis
of opportunities, drivers, restraints, challenges, risks, and limitations
Conclusively, all aspects of the Data Virtualization
Market are quantitatively as well qualitatively assessed to study the global as
well as regional market comparatively. This market study presents critical
information and factual data about the market providing an overall statistical
study of this market on the basis of market drivers, limitations and its future
prospects.
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