Data Virtualization Market Overview
Data virtualization is a technology that enables the integration of heterogeneous data from different sources and makes them available for analysis and use. It provides a unified view of data without the need to move or replicate data. It helps to reduce the complexity of data management and increase the speed of analytics and decision-making. The global data virtualization market is expected to grow at a CAGR of 21.50% from 2023 to 2032, according to a report published by Market Research Future (MRFR).
The leading players in the global data virtualization market are Cisco Systems, Inc., Denodo Technologies, IBM Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Syncsort Incorporated, Teradata Corporation, TIBCO Software Inc., and Attunity Ltd. These companies have adopted strategies such as product launches, collaborations, acquisitions, and partnerships to enhance their market presence.
Industry Latest News
Recently, Oracle Corporation announced the release of Oracle Data Integration Platform Cloud, a data integration platform for organizations to easily build and manage data pipelines. This platform helps organizations to manage data pipelines with an intuitive user interface and access to the latest data integration technologies.
In addition, IBM Corporation announced the launch of IBM Data Virtualization, a self-service data virtualization solution that enables organizations to quickly access and integrate data from multiple sources.
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The growing demand for cloud-based data virtualization solutions is expected to create significant opportunities for market growth. The increasing adoption of cloud-based solutions is expected to drive the market growth over the forecast period. The increasing demand for data virtualization in small and medium-sized businesses is also expected to drive the market over the forecast period.
The global data virtualization market is segmented on the basis of component, deployment mode, organization size, application, and region. On the basis of component, the market is segmented into software and services. On the basis of deployment mode, the market is segmented into on-premise and cloud. On the basis of organization size, the market is segmented into large enterprises and small and medium-sized businesses (SMBs). On the basis of application, the market is segmented into customer relationship management (CRM), enterprise resource planning (ERP), supply chain management (SCM), and others.
Geographically, the global data virtualization market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. North America is expected to dominate the data virtualization market due to the presence of well-established IT infrastructure and the increasing demand for cloud-based solutions. Asia Pacific is expected to be the fastest-growing region due to the presence of many small and medium-sized businesses and the increasing demand for data virtualization solutions.
Data virtualization is a technology that enables the integration of heterogeneous data from different sources and makes them available for analysis and use, driven by the increasing demand for cloud-based solutions and the growing demand from SMBs. Geographically, North America is expected to dominate the data virtualization market due to the presence of well-established IT infrastructure and the increasing demand for cloud-based solutions.
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