The Latin America, Middle East and Africa Data Mesh Market would witness market growth of 19.2% CAGR during the forecast period (2023-2030).
As organizations seek more scalable and cost-effective solutions, the emergence of Data Mesh as a Service (DMaaS) is becoming a notable trend. This involves cloud-based platforms or services that provide the infrastructure, tools, and support necessary for organizations to implement data mesh principles without requiring extensive in-house resources. Recognizing the need for standardization in the data mesh market, there is a growing effort toward establishing industry standards and best practices. Collaborative initiatives, forums, and community-driven efforts are working towards defining frameworks that guide organizations in implementing data mesh principles consistently.
Moreover, innovation is at the heart of the data mesh movement, driving advancements that push the boundaries of traditional data management practices. Innovative solutions are emerging to provide data quality observability in pursuing high data quality in decentralized environments. These solutions offer real-time insights into the quality of data products, enabling teams to address issues and deviations from established standards proactively.
The healthcare sector in the UAE is actively exploring ways to leverage data mesh to address the challenges associated with traditional data management approaches. By adopting a data mesh framework, organizations can create a more adaptable and resilient data infrastructure that aligns with the dynamic nature of the healthcare industry. As per the data from the International Trade Administration, the Government of UAE's dedication to the healthcare industry is a significant catalyst for progress in the sector, especially considering that public funding comprises more than two-thirds of the total healthcare expenditure. A total of $15.8 billion USD (AED 58.931 billion) was allocated for public expenditures in the 2022 federal budget, of which 8.4% was designated to healthcare. Thus, the rising healthcare sector in the LAMEA region will boost the demand for data mesh in the region.
The Brazil market dominated the LAMEA Data Mesh Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $74.8 million by 2030. The Argentina market is showcasing a CAGR of 19.9% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 18.9% during (2023 - 2030).
Free Valuable Insights: The Worldwide Data Mesh Market is Projected to reach USD 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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