Data Virtualization Market Highlights:
The data virtualization market is gaining traction accounting to the enterprise applications such as CMS, CRM, BI, ESB, ERP, Web conferencing, and many others. Market Research Future reveals that the global data virtualization market is likely to achieve a valuation of approximately 278 USD billion by 2023 with grabbing 15% CAGR during the forecasted period from 2017 to 2023.
Data virtualization can be acknowledged as an advanced and advanced user-friendly version of data federation, which is enabling various functions to perform, such as data extraction, data transform, and data load in a very efficient way. These have been termed as the key factors that are influencing the market to expand at a rapid pace.
In the latest, the telecom and financial sectors have also been crucial contributors to the market as these sectors are the most significant users of Data Virtualization Market Share. Yet, on the same parameter, healthcare and insurance industries will be among the top users of the technology, thus, thriving the global market to expand more. These factors are highly influential to the global market of data virtualization market and will continue to be the same in the coming years as well as during the assessment period.
On the other hand, academics & research segment is also likely to observe the highest market demand throughout the assessment period. The sector is currently prone to have the highest utilization of the data integration from millions of data sources as the researchers are getting inclined towards secondary online sources before proceeding with the core comprehensives.
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Data Virtualization Market Major Key Players:
The data virtualization market enlists some of the renowned players contributing to the market’s growth. The key players are Oracle Corporation (US), Red Hat Software (US), Informatica (US), Denodo Technologies Inc (US), Data Virtuality (Germany), Capsenta (US), Cisco Systems (US), SAP SE (Germany), IBM Corporation (US), and Microsoft Corporation (US).
Data Virtualization Market Segmentation:
The segmental analysis of the data virtualization market has been conducted by the elements of data consumers, vendors, and end-user.
In terms of data consumers: Business Intelligence (BI), mobile Enterprises, and application servers are the segments. Of these, the mobile enterprise occupies the largest market share with is recorded to grow significantly at 5% annually. The foremost factors that add to the value for mobile enterprise are the rise in smartphone penetration, enhancement in the real-time information capture and efficiency and productivity for organization.
In terms of vendors: Large software vendors, specialized pure-play vendors, service providers, and supplementary technologies, Cisco, Informatica, and Denodo, are the leaders. However, Microsoft holds a vital place in supplementary technologies in data virtualization.
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Data Virtualization Market Regional Outlook:
The region-wise study of the data virtualization market has been done among the regions of North America, Asia Pacific, Europe, and the Rest of the World.
Among these, North America turns out to be having the largest share of the market as it is held integrated by various technologies and trends like cloud services, enterprise services, application servers, and many data architects. North America being an early adopter of innovative technologies, leads the most abundant space and occupies the maximum place in the market.
Asia Pacific region also occupies a significant share of the market owing to its massive rise in retail & e-commerce consumers, and rise in banking & financial sectors in the countries like China, Japan, and India. Such factor is likely to expand the highest in the Data Virtualization market in the coming years.
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