The market for data virtualization is expected to grow from USD 1.58 billion in 2017 to USD 4.12 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 21.1% during the forecast period.
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The generation of large volumes of data is a major factor driving the growth of the data virtualization market.
To formulate business strategies, organizations need to access large volumes of data stored at heterogeneous sources to gain business insights and to enhance the decision-making process. To achieve efficiency across business processes, enterprises need to design and layout a plan of action.
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This can be done by properly implementing data virtualization solutions into its operations.
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The objective of the study is to define, describe, and forecast the global data virtualization market on the basis of components (standalone software, data integration solution, and application tool solution) deployment modes (cloud and on-premises), data consumer (Business Intelligence [BI] tools, enterprise applications, and mobile and web applications), enterprise size (large enterprises, and Small and Medium-sized Enterprises [SMEs]), end users (manufacturing, healthcare, Banking, Financial Services, and Insurance [BFSI], research and academia, media and entertainment, retail and eCommerce, government and defense, and telecom and IT), and regions. The report also aims at providing detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges).
The research methodology used to estimate and forecast the global data virtualization market size began with the capturing of data on the key vendor revenues through secondary research, annual reports, Institute of Electrical and Electronic Engineers (IEEE), Factiva, Bloomberg, and press releases. The vendor offerings were also taken into consideration to determine the market segmentations.
The bottom-up procedure was employed to arrive at the overall market size from the revenues of the key market players. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key individuals, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives.
The major data virtualization vendors are International Business Machines Corporation (IBM; US), SAP SE (Germany), Informatica (US), Denodo Technologies (US), Oracle Corporation (US), TIBCO Software (US), Microsoft Corporation (US), Red Hat (US), SAS Institute (US), and Information Builders (US).
- Data virtualization software and platform providers
- Initial public offering/venture capitalists/angel investors
- IT management directors/managers
- BFSI; healthcare; retail; and manufacturing organizations
- Government organizations
- Training and education service providers
- Consultants/advisory firms
- Information Technology (IT) governance directors/managers
- System integrators
- Managed service providers
- Value-added resellers
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- Standalone Software
- Data Integration Solution
- Application Tool Solution
By Deployment Mode:
By Data Consumer:
- BI Tools
- Enterprise Applications
- Mobile and Web Applications
By Enterprise Size:
- Large Enterprises
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