Published Date: 20-Jan-2023
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According to a new report, published by KBV research, The Global Data Virtualization Market size is expected to reach $10 billion by 2028, rising at a market growth of 18.6% CAGR during the forecast period.
The Solution market is leading the segment in the Global Data Virtualization Market by Component in 2021; thereby, achieving a market value of $6.9 billion by 2028. This is due to the continued acceptance of virtualization software like network virtualization, storage virtualization, and server virtualization playing their part in market development.
The Cloud market is exhibiting a CAGR of 20.3% during (2022 - 2028). This is due to the rising scalability, advanced safety, better compliance, and affordability features of cloud-based software. Cloud technology is a new and innovative practice in the data virtualization process.
The Large Enterprises market is generating high revenue in the Global Data Virtualization Market by Organization Size in 2021; thereby, achieving a market value of $6.6 billion by 2028. This is due to the thousands or millions of consumers and the large size of data that require different servers to stock. Large enterprises are attempting to utilize their big data and streaming data by transforming it into knowledge and information in order to rise the growth of a business.
The Retail market is showcasing a CAGR of 19.1% during (2022 - 2028). The use of digital virtualization in the retail sector is increasing in order to decrease the rate of document production, distribution, and printing. In addition, various mailroom and printing issues can be resolute by data virtualization software.
The North America market dominated the Global Data Virtualization Market by Region in 2021; thereby, achieving a market value of $3.5 billion by 2028. The Europe market is anticipated to grow at a CAGR of 17.9% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 19.6% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Deployment Mode
By Organization Size
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