What is Data Virtualization Cloud Market Scope?
Data Virtualization is a data integration technology that incorporates data from various location formats, and sources without duplication of the data to build a single “virtual” data layer that will provide the integrated data service to support different users and applications. It can also be said that data virtualization is a substitute for data warehousing and extract, transform and load. It is a critical part of modern data architecture. This is mainly due to its adaptability and the capacity that will rapidly incorporate a new data source and will deliver the information to the business clients in real-time. It is used by enterprises to enhance their IT infrastructure along with competitive pricing, better performance. Currently, organizations are creating a huge demand for the data virtualization solution as it has capabilities to enhance the business procedures that offer logical data warehousing and advanced management capabilities. The market is mainly driven by the rising demand for cost-efficient data management solutions among enterprises to manage a huge amount of data. The data virtualization solution enables the enterprise to virtually access the data and to provide crucial data to business intelligence. Moreover, the increasing demand for data integration software is expected to fuel the market in the coming period. The increase in the adoption of cloud-based services in organizations has also anticipated boosting the market. However, there are some restraints to the market due to the lack of administration and standardization which can hinder the growth of the market.
The Data Virtualization Cloud market study is being classified by Type (Service and Solution), by Application (BI tools, Enterprise Application and Mobile and Web Application) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of Global Data Virtualization Cloud market throughout the predicted period.
SAP SE (Germany), IBM Corporation (United States), Informatica LLC (United States), Denodo Technologies Inc. (United States), Amazon Web Services (AWS) (United States), Cisco, Inc. (United States), Red Hat, Inc. (United States), TIBCO Software Inc. (United States), Oracle Corporation (United States), VMware, Inc. (United States), Microsoft Corporation (United States) and Information Builders (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Gluent Inc. (United States) and Datometry Inc. (United States).
Analyst at AMA have segmented the market study of Global Data Virtualization Cloud market by Type, Application and Region.
On the basis of geography, the market of Data Virtualization Cloud has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 10th February 2021, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. had announced that it has agreed with the National Hockey League (NHL) to become the Official Cloud, Artificial Intelligence, and Machine Learning Infrastructure Provider of the NHL.
Influencing Market Trend
- Integration with Machine Learning programs across the New Technological Platforms
- Rising Demand for Cost-Efficient Data Management Solutions
- Increasing Demand for Data Integration Software Tools
- Increase in Adoption of Cloud-Based Solutions
- Rise in Demand for Business Intelligence Tools Among Small and Medium Scale
- Cloud-Based Data Virtualisation Becoming New Standard Replacing On-Premise Data Virtualisation Solutions
- Lack of Standardization in Enterprise Data Management
- Reluctance Among Enterprises to Invest in Advanced Solutions
- Fierce Competitive Pressure
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Providers of Data Virtualization Cloud, Venture Capitalists and Private Equity Firms and End-Use Industry
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