Data Virtualization Market size worth $ 8.39 Billion, Globally, by 2028 at 20.9% CAGR: Verified Market Research®

JERSEY CITY, N.J., Feb. 16, 2022 /PRNewswire/ -- The growing demand for data integration software tools, cost reduction, improving working capital, increasing process efficiency, and reducing the time it takes to develop new products, are some of the factors to lead the Data Virtualization Market.

Verified Market Research recently published a report, "Data Virtualization Market" By Component (Standalone Software, Data Integration Solution, Application Tool Solution), By Data Consumer (BI Tools, Enterprise Applications, Mobile And Web Applications), By End User (Manufacturing, Healthcare, BFSI), and By Geography. According to Verified Market Research, the Global Data Virtualization Market size was valued at USD 1.84 Billion in 2020 and is projected to reach USD 8.39 Billion by 2028, growing at a CAGR of 20.9% from 2021 to 2028.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=9504

Browse in-depth TOC on "Data Virtualization Market"

202 - Pages
126 – Tables
37 – Figures

Global Data Virtualization Market Overview

Data virtualization solutions give a common platform for data consumers to access enormous amounts of data in the format they prefer, independently of the server or source location. Due to several factors such as digitalization, IoT, and advancements in traditional technologies, the amount of data generated in enterprises has increased in recent years. Furthermore, connected gadgets that are connected to the internet are a major contributor to the generation of massive volumes of data. Because the data created by these sources is stored in diverse formats at numerous physical places, getting quick access to it has become a difficult task. Multiple applications, such as the cloud, Software as a Service (SaaS), and the Internet of Things (IoT), are advancing, contributing to the massive volume of data collected. As a result, the requirement to manage and integrate data from several sources has become critical in order to achieve real-time data availability.

Furthermore, data virtualization solutions provide advantages such as better data management, faster time-to-market, and higher data quality. These are some of the key drivers driving the Data Virtualization Market's overall growth. Business strategies are heavily influenced by enterprise-level planning and management. The usage of data in accordance with corporate plans is an important aspect of this planning. Organizations need diverse data kinds, such as customer details, transaction data, and healthcare data, to implement these strategies because this process necessitates the transmission of significant amounts of data from diverse sources, companies must consider various data protection and privacy rules imposed by the country in order to gain access to the information.

Most organizations in the Data Virtualization Market are focusing on cloud-based solutions to lower the infrastructure costs associated with managing massive amounts of data. The benefits of cloud-based data virtualization solutions, such as scalability, agility, lower operational costs, and flexibility, are gaining traction. Denodo and Informatica, for example, have begun to offer solutions to satisfy new business needs, such as real-time data availability, and to assist enterprises with challenging data integration issues.

Key Developments

• October 14, 2020, SAP SE nowadays introduced the world launch of SAP Customer Data Platform, a next-generation patron information platform (CDP) that objectives to enable corporations to redefine the purchaser journey throughout each engagement, from commerce and advertising to income and service.
• December 9, 2021, SAP SE introduced the launch of a new digital startup software targeted at the future of cars at SAP.iO Foundry Bangalore. Five startups have been chosen by using a panel of SAP experts, partners, and clients in India to be part of the cohort.
• March 31, 2021, Denodo Standard, a new data integration solution available on various cloud markets, was unveiled by Denodo, the leader in data virtualization. Denodo's current data virtualization engine is used in the new solution to deliver greater performance and productivity.
• Sep 28, 2021, Oracle released the latest version of Exadata, the platform for operating Oracle databases, on Tuesday. Exadata X9M platforms are more cost-effective and speedier than prior versions.

Key Players

The major players in the market are International Business Machines Corporation (IBM US), SAP SE (Germany), Informatica (US), Denodo Technologies (US), Oracle Corporation (US), TIBCO Software (US), Microsoft Corporation (US), Red Hat (US), SAS Institute (US), and Information Builders (US).

Verified Market Research has segmented the Global Data Virtualization Market On the basis of Component, Data Consumer, End User, and Geography.

• Data Virtualization Market, By Component
• Standalone Software
• Data Integration Solution
• Application Tool Solution
• Data Virtualization Market, By Data Consumer
• BI Tools
• Enterprise Applications
• Mobile And Web Applications
• Data Virtualization Market, By End User
• Manufacturing
• Healthcare
• BFSI
• Telecom And IT
• Others
• Data Virtualization Market by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

Browse Related Reports:

In-Memory Computing Market By Components (In-memory Data Management and In-memory Application Platform), By Organization Size (Small & Medium Business and Large Enterprise), By Vertical (BSFI, Transportation, Government), By Geography, Forecast, 2020-2027

Neuromorphic Computing Market By Deployment (Edge Computing & Cloud Computing), By Offering (Hardware & Software), By Application (Image Processing, Signal Processing, Data Processing, Object Detection), By Vertical (Automotives, Consumer Electronics, Aerospace, Military and Defense, IT and Telecommunication), By Geography, Forecast, 2020-2027

Virtual Data Room Market By Deployment Mode (On-Premise and Cloud), By Industry Vertical (BFSI, Retail & E-commerce, Energy & Utilities, Healthcare), By Geography, Forecast, 2020-2027

Data Quality Tools Market By Data Type (Customer Data, Product Data), By Deployment Model (On-Premises, On-Demand), By Organization Size (SMEs, Large Enterprises), By End-User (Telecommunications And IT, Retail And eCommerce), By Geography, Forecast, 2020-2027

Top Data Visualization Software Organizing and providing extensive insights

Visualize Data Virtualization Market using Verified Market Intelligence:-:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter 

Logo: https://mma.prnewswire.com/media/1315349/Verified_Market_Research_Logo.jpg