Market Highlights
The
surge in the development of enterprise applications is expected to enhance the
data virtualization market 2020. The information & communication technology
industry reports produced by Market Research Future, highlights the market
options for expansion. A 15% CAGR is anticipated to guide the income to USD 278
USD billion by the conclusion of the forecast period.
The
presence of large software vendors is likely to transform the data
virtualization market size in the coming period. The improvement in the real
time information capture rate is expected to reinforce further the growth of
the data virtualization market in the coming period. The development of
e-commerce companies is estimated to guide the growth of the market of data
virtualization in the coming period.
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Segmentation:
The segmental assessment of the data virtualization market is segmented
into vendors, data consumers, end-user, and regions. On the basis of data
consumers, the data virtualization market is segmented into mobile enterprise,
business intelligence (BI), and application servers. On the basis of vendors,
the data virtualization market is segmented into specialized pure play vendors,
service providers, large software vendors, and supplementary technologies.
Based on the end-user, the data virtualization market consists of retail,
manufacturing, healthcare, insurance, media, e-commerce, telecom, and
government. On the basis of region, the data virtualization market is segmented
into North America, Europe, Asia Pacific, and the rest of the global market.
Detailed Regional Analysis
The regional investigation of the data virtualization market is segmented
into North America, Europe, Asia Pacific, and the rest of the global market.
The North American regional market is observed to be holding the prime share of
the data virtualization market. As the region is a preliminary adopter of
pioneering technologies, the North American region is motivating the market.
The big organizations are trying to ensure a better degree of access to
appropriate data. In the North American region, the US particularly is the
leader in e-commerce space and internet usage. The combination of these factors
is anticipated to stimulate the North American region in the forecast period.
Competitive Analysis
The streamlining of the distribution channels is expected to create better
supply chains and lead to a more positive effect on the global market. The
inclusion of certain elements of functionality in production facilities is
likely to create better supply potential for the overall market. The effect of
global currencies is expected to have a significant effect on market growth. The
upsurge in exports is expected to create a constructive situation for expansion
in the coming period. The momentum of change in the market is predicted to
create new opportunities for growth in the forecast period. The availability of
new sources of raw material is likely to induce more opportunities for growth
in the market. The influence of global trade policies by various
administrations is expected to further enhance the market expansion potential
in the forecast period. The inventions being discovered or attempted in the
market are also considered to provide further opportunities for growth in the
coming period.
The eminent contenders in the data virtualization market are Red Hat
Software (US), Informatica (US), Denodo Technologies Inc (US), Data Virtuality
(Germany), Cisco Systems (US), IBM Corporation (US), SAP SE (Germany), Capsenta
(US), Oracle Corporation (US), and Microsoft Corporation (US).
Industry Updates:
Mar 2020 Dremio, the company behind the open-source Gandiva and Apache
Arrow projects, and a commercial data lake engine/data virtualization platform
created on both announced recently that it had raised USD 70M in a Series C
funding round. The NoSQL player
Aerospike, in the meantime, has introduced its Aerospike Cloud range.
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