FactMR today released its latest report on the Data Fabric Market, projecting robust growth driven by the increasing volume and complexity of data, rapid digital transformation, and rising demand for real-time analytics. Valued at USD 2 billion in 2023, the global market is forecast to expand at a compound annual growth rate (CAGR) of 22.3%, reaching USD 15 billion by 2033. This significant growth underscores the critical role of data fabric solutions in enabling seamless data integration and management across diverse industries.
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Market Outlook and Growth Projections
The global data fabric market is poised for substantial expansion from 2023 to 2033, driven by the need for unified data management architectures that integrate and analyze data from multiple sources in real time. The market is expected to grow from USD 2 billion in 2023 to USD 15 billion by 2033, registering a CAGR of 22.3%. This growth is fueled by the exponential rise in data generation, with global data volumes projected to reach 180 zettabytes by 2025 (IDC), and the increasing adoption of cloud and AI technologies. The market offers an incremental dollar opportunity of USD 13 billion over the forecast period, presenting significant prospects for software providers, enterprises, and service vendors.
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