Data Virtualization Market Worth 4.12 Billion USD by 2022
Friday, January 12, 2018
PUNE, India, January 12, 2018 /PRNewswire/ --
According to a new market research report "Data Virtualization Market
by Component (Standalone Software, Data Integration Solution, Application Tool
Solution), Deployment Mode (Cloud and On-Premises), Data Consumer, Enterprise Size,
End-User, and Region - Global Forecast to 2022", published by MarketsandMarkets(TM), the
market size is expected to grow from USD 1.58 Billion in 2017 to USD 4.12 Billion by 2022,
at a Compound Annual Growth Rate (CAGR) of 21.1% during the forecast period.
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Browse 67 market data Tables and 38 Figures spread through 135 Pages and in-depth TOC
on "Data Virtualization Market"
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Large volumes of data generation and an increasing demand for data integration
software tools are some of the major driving factors for the Data Virtualization Market.
Furthermore, the increasing demand for intelligent business processes and growing
innovation across end users are expected to provide growth opportunities for the market.
The data integration solution segment is expected to be the largest contributor in the
global Data Virtualization Market during the forecast period
Large volumes of structured and unstructured data are stored at internal as well as
external systems in various industry verticals; a quick access to the data stored at
disparate sources has become important to gain better insights for making business-related
decisions. To achieve these benefits, various organizations are deploying data integration
solutions to achieve a unified view of data, to enhance the various business processes,
and increase revenue.
The Business Intelligence (BI) tools segment is expected to grow at a significant
growth rate during the forecast period
The demand for data consumers is growing with the evolution of data virtualization
technology. Specifically, BI tools are expected to record at the highest growth rate
during the forecast period. Solutions offered by vendors need to be integrated to avail
industry's best practices for data virtualization solutions. The market for BI tools is
expected to grow faster owing to the increasing need for deployment of data virtualization
software and solutions either on cloud or on-premises.
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North America is expected to hold the largest market share during the forecast period
North America is the most competitive and rapidly changing Data Virtualization Market
in the world. North America, among all the regions, has witnessed maximum adoption of data
virtualization software and solutions, due to the increasing demand for BI tools and
higher adoption of digital technologies. The US and Canada are projected to extensively
implement data virtualization solutions. Hence, North America is expected to hold the
largest market share in the global Data Virtualization Market during the forecast period.
Major vendors in the global Data Virtualization Market International Business Machines
Corporation (IBM; US), SAP SE (Germany), Informatica (US), Denodo Technologies (US),
Oracle Corporation (US), TIBCO Software (US), Microsoft Corporation (US), Red Hat (US),
SAS Institute (US), and Information Builders (US).
Browse Related Reports
Data Integration Market by Component (Tools and Services), Business Application
(Marketing, Sales, Operations, Finance, and HR), Deployment Model, Organization Size,
Vertical, and Region - Global Forecast to 2022
Big Data Market by Component (Software and Services), Type (Structured,
Semi-Structured and Unstructured), Deployment Model, Vertical, and Region (North America,
Europe, Asia-Pacific, Latin America & Middle East and Africa) - Global Forecast to 2021
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