The Europe Data Virtualization Market would witness market growth of 17.9% CAGR during the forecast period (2022-2028).
Data virtualization allows the system to collect data from different sources and mold it to provide logical, virtual, and integrated data to the customer. It does not require information regarding the data, like how it is optimized and from where it is located, and hence can be accessed by front-end solutions, for example, displays, apps, and portals. The market is witnessing a spike in the use of complete virtualization products and services.
Businesses from different sectors, especially banking, manufacturing, and telecommunication, are using this solution. The rise in data from different businesses and increasing demand for integration software are the main reasons to support the growth of the data virtualization market throughout the projected period. Besides this, the high usage of business intelligence software and request for the cloud-based solution is expected to accelerate the growth of the data virtualization market.
As per Germany’s first inclusive policy for new companies, the country has decided to encourage funding till 2030 to speed up the start-up culture. The start-up culture is expected to be the major supporting factor for Germany’s economy. In order to acquire the economic development aim, the German government is predicted to support the goal investments by insurance companies. This favorable behavior by the German government will open new doors for new IT companies, thereby fostering the demand for various data virtualization and management software and service.
The Germany market dominated the Europe Data Virtualization Market by Country in 2021; thereby, achieving a market value of $649 million by 2028. The UK market is exhibiting a CAGR of 16.9% during (2022 - 2028). Additionally, The France market would experience a CAGR of 18.8% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Solution Type, the market is segmented into Data Integration Solution, Application Tool Solution and Standalone Software. Based on Deployment Mode, the market is segmented into On-premises and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into Telecom & IT, BFSI, Retail, Education, Government & Defense, Manufacturing, Healthcare & Life Sciences and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Data Virtualization Market will Hit $10 Billion by 2028, at a CAGR of 18.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, IBM Corporation, Cisco Systems, Inc., Salesforce.com, Inc. (Tableau Software, Inc.), Workday, Inc., Alteryx, Inc., Domo, Inc., Ceros, Inc. (ChartBlocks Ltd.), Cluvio GmbH and QlikTech International AB.
By Component
By Deployment Mode
By Organization Size
By Vertical
By Country
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