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Data Virtualization - Global Market Trajectory & Analytics

  • ID: 4804561
  • Report
  • April 2021
  • Region: Global
  • 227 pages
  • Global Industry Analysts, Inc
Global Data Virtualization Market to Reach $7.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Data Virtualization estimated at US$2.3 Billion in the year 2020, is projected to reach a revised size of US$7.2 Billion by 2027, growing at a CAGR of 17.8% over the analysis period 2020-2027. Standalone Software, one of the segments analyzed in the report, is projected to record a 17% CAGR and reach US$1.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Data Integration Solution segment is readjusted to a revised 18.9% CAGR for the next 7-year period.



The U.S. Market is Estimated at $680.1 Million, While China is Forecast to Grow at 17.5% CAGR

The Data Virtualization market in the U.S. is estimated at US$680.1 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2027 trailing a CAGR of 17.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16% and 15% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.4% CAGR.

Application Tool Solution Segment to Record 15.5% CAGR

In the global Application Tool Solution segment, USA, Canada, Japan, China and Europe will drive the 15.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$429.2 Million in the year 2020 will reach a projected size of US$1.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$838.1 Million by the year 2027.

Select Competitors (Total 47 Featured):
  • Datometry Inc.
  • Denodo Technologies
  • Gluent Inc.
  • IBM Corporation
  • Informatica LLC
  • Information Builders, Inc.
  • Microsoft Corporation
  • OpenLink Software, Inc.
  • Oracle Corporation
  • Red Hat, Inc.
  • SAP SE
  • SAS Institute, Inc.
  • TIBCO Software, Inc.
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I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • Data Virtualization: A Prelude
  • Bright Prospects Ahead for Data Virtualization Market
  • Impact of Covid-19 and a Looming Global Recession
  • ‘Age of Data Abundance’ Instigates Broad-based Opportunities for Data Virtualization Tools
  • Widespread Use of Enterprise Software and Business Apps Leads to Creation of Massive Volumes of Enterprise Data
  • Exhibit 1: Global Corporate Data Volumes (in Exabytes) by Data Type for the Years 2012 through 2020
  • Reinforcing Data Management Landscape, Data Virtualization Tools Set to Make Big Splash in Enterprise Data Strategies
  • Pivotal Role of BI and Analytics in Modern Enterprise Paves Way for Wider Uptake of Data Virtualization Tools
  • Increased Focus on DDDM in BI Processes Augurs Well
  • Intelligent Data Virtualization Empowers Data Scientists
  • Established Use Case of Big Data Widens Scope and Span of Data Virtualization Tools
  • Exhibit 2: Volume of Big Data Created Worldwide (In Zettabytes) for the Years 2019 and 2025
  • With AI and ML Making Robust Inroads in Enterprise Environments, Opportunities Galore for Data Virtualization Tools
  • Data Virtualization Emerges as Primary Tool for GDPR Compliance
  • GRC Processes Made Easier with Data Virtualization
  • Enterprises Lean Towards Data Virtualization to Strengthen BYOD Environments
  • Banking & Financial Services Enterprises: Major Consumers
  • Retail Sector Emerges as a Lucrative Market
  • Data Virtualization Grabs Attention of Healthcare Enterprises
  • Research Labs Rely on Data Virtualization to Streamline Research Processes
  • Data Virtualization: Handy Tool for Application Developers
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 47
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