The Europe Data Mesh Market would witness market growth of 16.1% CAGR during the forecast period (2023-2030).
In the financial sector, this mesh can streamline processes related to customer transactions, risk management, and regulatory compliance. Individual financial products or services can be treated as distinct data products, with teams responsible for their specific domain, enabling quicker response to market dynamics and regulatory changes. Likewise, manufacturing industries leverage this mesh for optimizing supply chain operations, predictive maintenance, and quality control.
Furthermore, e-commerce platforms with vast and diverse datasets benefit from the mesh principles by empowering teams to independently manage product data, customer behavior analytics, and inventory information. This decentralized approach ensures that each business unit can tailor its data strategies to meet the unique requirements of its product line or market segment.
As per the data from the Government of the United Kingdom, the retail industry is an integral part of the economy, comprising 5.2% of the UK's gross domestic product (GDP) in 2020, and sales volume reached £403 billion in 2020. Additionally, as per the Eurostat data, primary energy production within the EU in 2021 accounted for 25 020 petajoules (PJ), 4.3 % higher than in 2020. Renewable energies accounted for the highest share in primary energy production in the EU in 2021 (40.8 %), followed by nuclear heat (31.2 %), solid fossil fuels (15.2 %), natural gas (6.4 %), oil and petroleum products (3.4 %), and non-renewable waste (2.3 %). Hence, the growing retail and energy sectors in Europe will boost the demand in the region.
The Germany market dominated the Europe Data Mesh Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $231.3 million by 2030. The UK market is exhibiting a CAGR of 15% during (2023 - 2030). Additionally, The France market would experience a CAGR of 17% during (2023 - 2030).
Free Valuable Insights: The Global Data Mesh Market will Hit $3.6 Billion by 2030, at a CAGR of 16.5%
Based on Offering, the market is segmented into Solution (Cloud, On-premise), Services. Based on Solution Type, the market is segmented into Data Integration & Delivery, Data Transformation & Orchestration, Data Operations, and Others. Based on Approach, the market is segmented into Coarse-grained, Fine-grained, Hybrid federated mesh, and Value chain-aligned mesh. Based on Application, the market is segmented into Customer Experience Management, Data Privacy Management, Chatbots/ Virtual Assistants, Campaign Management & IoT Monitoring, and Others. Based on Business Function, the market is segmented into Sales & Marketing, Finance & Accounting, Operations & Supply Chain, HR, ITSM, Research & Development, and Others. Based on Vertical, the market is segmented into BFSI, Government & Defense, Energy & Utilities, Healthcare & Lifesciences, Transportation & Logistics, Manufacturing, Retail & eCommerce, IT & Telecom, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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