About Data Virtualization Cloud
Data Virtualization is a data integration technology that incorporates data from various location formats, and sources without duplication of the data to build a single “virtual” data layer that will provide the integrated data service to support different users and applications. It can also be said that data virtualization is a substitute for data warehousing and extract, transform and load. It is a critical part of modern data architecture. This is mainly due to its adaptability and the capacity that will rapidly incorporate a new data source and will deliver the information to the business clients in real-time. It is used by enterprises to enhance their IT infrastructure along with competitive pricing, better performance. Currently, organizations are creating a huge demand for the data virtualization solution as it has capabilities to enhance the business procedures that offer logical data warehousing and advanced management capabilities. The market is mainly driven by the rising demand for cost-efficient data management solutions among enterprises to manage a huge amount of data. The data virtualization solution enables the enterprise to virtually access the data and to provide crucial data to business intelligence. Moreover, the increasing demand for data integration software is expected to fuel the market in the coming period. The increase in the adoption of cloud-based services in organizations has also anticipated boosting the market. However, there are some restraints to the market due to the lack of administration and standardization which can hinder the growth of the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Data Virtualization Cloud market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SAP SE (Germany), IBM Corporation (United States), Informatica LLC (United States), Denodo Technologies Inc. (United States), Amazon Web Services (AWS) (United States), Cisco, Inc. (United States), Red Hat, Inc. (United States), TIBCO Software Inc. (United States), Oracle Corporation (United States), VMware, Inc. (United States), Microsoft Corporation (United States) and Information Builders (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Gluent Inc. (United States) and Datometry Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Data Virtualization Cloud market by Type (Service and Solution), Application (BI tools, Enterprise Application and Mobile and Web Application) and Region.
On the basis of geography, the market of Data Virtualization Cloud has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organization Size, the sub-segment i.e. Large Enterprises will boost the Data Virtualization Cloud market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Manufacturing will boost the Data Virtualization Cloud market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On-Cloud will boost the Data Virtualization Cloud market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration with Machine Learning programs across the New Technological Platforms
Market Growth Drivers:
Rising Demand for Cost-Efficient Data Management Solutions, Increasing Demand for Data Integration Software Tools and Increase in Adoption of Cloud-Based Solutions
Challenges:
Ensuring data security and compliance standards while data is being accessed, integrated, and moved across various cloud environments.
Restraints:
Lack of Standardization in Enterprise Data Management and Reluctance Among Enterprises to Invest in Advanced Solutions
Opportunities:
Rise in Demand for Business Intelligence Tools Among Small and Medium Scale and Cloud-Based Data Virtualisation Becoming New Standard Replacing On-Premise Data Virtualisation Solutions
Market Leaders and their expansionary development strategies
In July 2022 , IBM today announced it has acquired Databand.ai, a leading provider of data observability software that helps organizations fix issues with their data, including errors, pipeline failures and poor quality — before it impacts their bottom-line. Today's news further strengthens IBM's software portfolio across data, AI and automation to address the full spectrum of observability and helps businesses ensure that trustworthy data is being put into the right hands of the right users at the right time.
On 10th February 2021, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. had announced that it has agreed with the National Hockey League (NHL) to become the Official Cloud, Artificial Intelligence, and Machine Learning Infrastructure Provider of the NHL.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Data Virtualization Cloud, Venture Capitalists and Private Equity Firms and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.