Data Virtualization Market Research Report by Forecast to 2023

Posted by Kiran on November 18th, 2019

Data Virtualization Market Highlights:

Data virtualization finds crucial application in the latest data architecture. It facilitates the formation of a single data layer by sourcing and procuring data from different sources. It is a new technology and is expected to gain quick mileage over the next couple of years. Market Research Future (MRFR)’s study states that the global data virtualization market is poised to expand at 15% CAGR over the forecast period 2017 to 2023. It is also highlighted in the study that the market is likely to earn revenues worth USD 278 Bn by the end of the evaluation period.

The product enhances the productivity and efficiency of an organization. This, in turn, is expected to catapult the data virtualization market on growth trajectory. Also, the developments in the cloud-based technologies are presumed catalyze revenue generation for the players in the data virtualization market across the projection period.

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Competitive Dashboard:

Cisco Systems (US), Informatica (US), Red Hat Software (US), Denodo Technologies Inc (US), Oracle Corporation (US), IBM Corporation (US), SAP SE (Germany), Data Virtuality (Germany), Capsenta (US), and Microsoft Corporation (US) are some of the major vendors participating in the global data virtualization market.

These players are assessed in the share analysis covered in this MRFR report. Investments in technological innovations and product portfolio development are expected to intensify the competition in the global market over the next couple of years. Emphasis is also poised to be placed on pricing policies for gaining edge over competitors and strengthening market positions. Growth strategies anticipated to be witnessed in the global data virtualization market over the next few years are mergers & acquisitions, collaborations with end-users, agreements, etc.

Market Segmentation:

The segmental analysis of the global data virtualization market, on the basis of data consumers, are Business Intelligence (BI), application servers, and mobile enterprises. Among these, the mobile enterprises segment is expected to account for the largest share of the market over the next couple of years.

Factors such as rising demand for real time increasing penetration of smartphones, etc. are presumed to expedite the growth rate of the segments in the nearby future.

The segments of the data virtualization market, based on vendors, are service providers, specialized pure play vendors, large software vendors, and supplementary technologies.

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Joined: October 18th, 2019
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