(MENAFN- Facts and Factors Market Research) 12-Jun-2020 | Facts and Factors

Findings from Facts and Factors report 'Data Virtualization Market By Component (Standalone Software, Data Integration Solution, and Application Tool Solution), Deployment Mode (Cloud and On-Premises), Data Consumer (BI Tools, Enterprise Applications, and Mobile and Web Applications), Enterprise Size (Large Enterprises and SMEs), and End User (Manufacturing, Healthcare, BFSI, Research and Academia, Media and Entertainment, Retail and eCommerce, Government and Defense, Telecom and IT, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 20202026 states that the global data virtualization software market in 2019 was approximately USD 2,200 Million. The market is expected to grow above a CAGR of 22.0% and is anticipated to reach over USD 8,500 Million by 2026.

Data virtualization is the process of combining data from multiple information sources in order to create a single, logical, and simulated view of data. Data virtualization is normally used in operations such as data integration, business integration, architecture data services, etc. The primary goal of the data virtualization software is to create a single data reservoir of information from multiple sources without copying or moving the data. Data virtualization is beneficial in reducing the risk of errors. As the data is not copied or moved around in data virtualization software, it reduces the workload on systems which results in improved data accuracy. The advantages of data virtualization are that it gives real-time access to the data and reduces the support and development time. However, data virtualization affects the operational response time of the system. Also, using data virtualization means the data has to be interpreted by the user.

Browse the full  'Data Virtualization Market By Component (Standalone Software, Data Integration Solution, and Application Tool Solution), Deployment Mode (Cloud and On-Premises), Data Consumer (BI Tools, Enterprise Applications, and Mobile and Web Applications), Enterprise Size (Large Enterprises and SMEs), and End User (Manufacturing, Healthcare, BFSI, Research and Academia, Media and Entertainment, Retail and eCommerce, Government and Defense, Telecom and IT, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 20202026"   [...]

Many large organizations use different types of database management systems, which are not compatible with each other and cannot be integrated with other systems. Hence, organizations face challenges such as data integration and data warehousing of the huge amounts of stored. Data virtualization has helped organizations to gain real-time access to reliable information rapidly, which further helps companies to take major business decisions. This ability of data virtualization software to give real-time access to its user has been a key growth driving factor for the global data virtualization software market. Further, the cloud computing sector has been rapidly increasing for the last few years due to the rapid movement of applications to the cloud, which has driven the demand for data integration. Such a trend in the global market has been a key factor that has propelled the global data virtualization software market. Moreover, the rising popularity of open-source data integration and data virtualization tools is likely to create new avenues for the global data virtualization software market. However, the lack of standardization in cloud computing and data integration is likely to hamper the global data virtualization software market growth. Moreover, as the data virtualization is in its development stage, the lack of technical expertise in the field is likely to be a key restraint in the global data virtualization software market.

Based on the region, the North America segment dominated the global data virtualization software market in 2019, accounting for a market share of approximately 40% in 2019. North America data virtualization software market has foreseen a significant growth in the last few years owing to growing cloud adoption and soaring cloud computing sector in the region. Moreover, the presence of key data virtualization software vendors in the region has also led to increased penetration of the data virtualization software among large companies.

Top key players operating in the market are Denodo Technologies, SAS Institute, SAP SE, Informatica, International Business Machines Corporation, Information Builders, TIBCO Software, Oracle Corporation, Red Hat, Microsoft Corporation, and Others.

This report segments the data virtualization market as follows:

Global Data Virtualization Market: By Component Segmentation Analysis

• Standalone Software
• Data Integration Solution
• Application Tool Solution

Global Data Virtualization Market: By Deployment Mode Segmentation Analysis

• Cloud
• On-Premises

Global Data Virtualization Market: By Data Consumer Segmentation Analysis

• BI Tools
• Enterprise Applications
• Mobile and Web Applications

Global Data Virtualization Market: By Enterprise Size Segmentation Analysis

• Large Enterprises
• SMEs

Global Data Virtualization Market: By End User Segmentation Analysis

• Manufacturing
• Healthcare
• BFSI
• Research and academia
• Media and entertainment
• Retail and eCommerce
• Retail and eCommerce
• Government and defense
• Telecom and IT
• Others

Global Data Virtualization Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client's/customer's conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:

Facts & Factors

Global Headquarters

A 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985

Email: 

Web:  [...]

MENAFN14122020005107011620ID1101277822