The Data Virtualization market will change significantly
from the previous year. Over the next five years, will register a CAGR in terms
of revenue, and the global market size will reach USD in millions by 2028.
The execution of distributed data
management processing, especially for queries, against numerous heterogeneous
data sources, and the federation of query results into virtual views are the
foundations of data virtualization technology. Following that, applications,
query/reporting tools, message-oriented middleware, or other data management
infrastructure components consume these virtual views. One of the most common
reasons for implementing full virtualization is to improve operational
efficiency. By putting additional stress on each machine, businesses may make
better use of their existing hardware (and new hardware acquisitions). Servers
that operate a single OS instance and a single set of services can use more of
the computer's processing and memory resources than servers that run full
virtualization. A second common use of full virtualization is desktop
virtualization, which includes operating many virtual machines on a single
computer.
The Data
Virtualization Market in the legal industry has limited market penetration,
which presents a huge opportunity for the existing players as well as the
outsiders willing to enter the market space. However, the existing market
players have a considerable head-start over new entrants in the market. The
high prospects and the growing investments, as well as supporting initiatives,
are expected further to increase the competition among the existing market
players.
The Major Players In The Data
Virtualization Market Include:
Denodo, Informatica,
SAP, IBM, CData Software, VMware, Amazon Web Services, (AWS), Cisco, Red Hat, Oracle
The
market has segmented the global Data Virtualization market on the basis of
type, application, and region:
This report offers historical data and forecasts revenue growth at a global, regional, and country-level, and provides an analysis of market trends in each sub-segment from 2022 to 2028. For this report, Reports and Data have segmented the global data virtualization market based on application, enterprise size, usage type, deployment, end-user, and region:
By Type:
·
Open Source Data Integration Tools
·
Cloud-based Data Integration Tools
By Application:
·
Manufacturing
·
Healthcare
·
BFSI
·
Research and academia
·
Media and entertainment
·
Retail and eCommerce
·
Government and defense
·
Telecom and IT
·
Others (transportation, and oil and
gas)
By Regional Outlook
(Revenue, USD Billion, 2017 – 2028)
Covid-19 Impact and Recovery
Analysis on Industry:
The COVID-19 pandemic has had
devastating effects on several industry verticals globally. To constrain the
number of cases and slow the coronavirus spread, various public health
guidelines were implemented in different countries across the globe. COVID-19
protocols range from declaring national emergency states, enforcing stay-at-home
orders, closing nonessential business operations and schools, banning public
gatherings, imposing curfews, distributing digital passes, and allowing police
to restrict citizen movements within a country, as well as closing
international borders. With the growing vaccination rate, governments are
uplifting the protocols to give a boost to the stagnant economy. Like other
industries, Data Virtualization Market has experienced a slowdown the
growth, however, the market is expected to bounce back as restrictions are
being lifted up by governments across the globe.
The report segments the global Data Virtualization market by applications eDiscovery, legal research, contract management, compliance, case prediction, and others (divorce automation, billing, knowledge management, and IP management); component (solutions and services); technology (ML and deep learning, and NLP); end-user (corporate legal department, law firms and others [national firms, solo practitioners, students, subject matter experts, and judges]); and region (North America, Europe, Asia Pacific, Middle East, and Africa, and Latin America).
Reasons to Purchase this Report
·
Qualitative and quantitative analysis
of the market based on segmentation involving both economic as well as
non-economic factors
·
Provision of market value (USD
Billion) data for each segment and sub-segment
·
Indicates the region and segment that
is expected to witness the fastest growth as well as to dominate the market
·
Analysis by geography highlighting the
consumption of the product/service in the region as well as indicating the
factors that are affecting the market within each region
· The competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
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