Data Virtualization Market To Reach USD 9.07 Billion By 2026
Market Summary
Increasing demand for Data Virtualization in Large Enterprises coupled with high investment in R&D of Data Virtualization is fueling the market growth. Market Size – USD 2.01 Billion in 2018, Market Growth - CAGR of 20.6%, Market Trends – Increase in demand for Data Virtualization in Banking & Financial Sectors. The global data virtualization market is forecast to reach USD 9.07 Billion by 2026, according to a new report by Reports and Data. The Data Virtualization market is rising rapidly in the global market owing to the high proliferation of adoption of data visualization in Data Analytics & BI Tools as it doesn't involve high expanses in data storage unlike data warehousing system and lesser probabilities in risks of data errors.
Market Summary Our Approach Academics & Research segment is expected to witness the highest market demand throughout the forecast period. Academics & Research currently is prone to have the highest utilization of the data integration from millions of data sources as the researchers are being inclined towards secondary online sources before proceeding with the core comprehensives. Retail & Ecommerce segments are also likely to be significant contributors to this market. The market in the Asia Pacific region is forecasted to generate a revenue of USD 2.78 Billion in the year 2026, owing to its extensive market penetration towards Data Virtualization coupled with its rise in consumer base in Banking & Financial Sectors and transcendence in IT & Telecommunication segment in China, Japan, and India.
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Market Summary Our Approach Key participants include Oracle Corporation, International Business Machines Corporation, Denodo Technologies Inc., Red Hat Software, Cisco systems, Informatica, SAS, Microsoft Corporation, SAP SE, Capsenta Type of Usage Layer Method Outlook (Revenue, USD Billion; 2016-2026) • Front-end • Back-end Organization Size Type Outlook (Revenue, USD Billion; 2016-2026) • Small and Medium Enterprises (SMEs) • Large Enterprises Application of Logistics Outlook (Revenue, USD Billion; 2016-2026) • Mobile & Web Applications • Websites • Cloud-computing Applications • Standalone Software • UI & UX Development • Data Analytics & BI Tools • Search Engine Tools
Market Summary Our Approach End Users Type Outlook (Revenue, USD Billion; 2016-2026) • IT & Telecommunication • Healthcare Industries • Public Sectors • Banking & Financial Sectors • Media & Entertainment • Retail & Ecommerce • Manufacturing Industries • Transportation Sectors • Academics & Research • Others Regional Outlook (Revenue, USD Billion; 2016-2026) • North America • Europe • Asia Pacific • MEA • Latin America
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