Business Data

Jan 25, 2023

Education & Training Services to register for the largest CAGR during the forecast period Professional services are classified into three categories: consulting, education & training, and support & maintenance. Organizations focus on their core business and do not have to manage the data fabric, due to which they cannot provide complete attention to the niche areas of management. In this case, professional service providers come into existence. The companies can outsource their professional services to these organizations that take complete responsibility for the work and provide complete security and safety. SMEs to hold highest CAGR during the forecast period Based on organization size, the data fabric market has been segmented into SMEs and large enterprises. Organizations with several employees between 0 and 999 are said to be SMEs. SMEs are also implementing data fabric strategies to store and analyze various amounts and data. SMEs are using data fabric to store data of a larger target audience globally. Organizations providing data fabric solutions need robust infrastructure to help reduce costs and increase profits. The scalable functionality of data fabric provided by data fabric vendors helps SMEs implement strategies without investing in the infrastructure and reap the profits attained using their solutions. The agile and robust characteristics of data fabric enable organizations to store and analyze their data more efficiently Asia Pacific to hold highest CAGR during the forecast period Based on regions, the Edge AI market is segmented into North America, Asia Pacific, Europe, Middle East & Africa and Latin America. Asia Pacific is among the digital hubs of the world. Thus, businesses in the region have quickly identified the benefits of cloud technology as a facilitator of digital transformation. The region has great scope for growth in the data fabric market. It is focused on innovating and developing BI solutions that utilize data fabric technology in various verticals, such as telecom & IT, transportation, and BFSI. Japan, China, and India use data fabric tools and platforms across different business verticals to provide effective solutions. The rapid development of the data fabric market in the Asia Pacific region can be attributed to the massive data growth in all industries across the region. Whether the BFSI, retail & eCommerce, and healthcare end users, the massive data flow has created the need for effective data fabric solutions. Moreover, the rapid expansion of domestic enterprises and the higher development of infrastructure are some of the important factors expected to drive the growth of the data fabric market in Asia Pacific. IBM, SAP, HPE, and Oracle are some companies offering data fabric solutions to provide insights across various end-users. Market Dynamics