New York, NY, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Polaris Market Research has published a recent study report titled "Data Mesh Market Share, Size, Trends, Industry Analysis Report, By Offering; By Business Function; By Approach; By Application; By Vertical; By Region; Segment Forecast, 2024 - 2032” in its research database.
The global data mesh market size and share are currently valued at USD 1.01 billion in 2023. It is anticipated to generate an estimated revenue of USD 3.94 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 16.3% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024-2032.
Market Definition
- What is a Data Mesh? How Big is Data Mesh Market Size?
A data mesh is an architectural framework that cracks advanced data security challenges through dispersed, decentralized ownership. For analytics purposes, an organization's numerous data sources from various business segments must be combined. With the use of centrally controlled data sharing and governance policies, a data mesh architecture successfully connects the many data sources.
Moreover, business operations can continue to have control over who can access shared data, how they can access it, and in what formats. Although a data mesh increases architectural complexity, it also improves security, data access, and scalability, which leads to increased efficiency. Also, the data mesh market demand is increasing as it allows them to remain agile and adjust to varying business requirements as they expand. From a technical perspective, it automates quality, data governance, and data management procedures. This automation eases human intervention.
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Our Sample Report Covers:
- 2032 Updated Report Introduction, Overview, and In-depth industry analysis.
- 115+ Pages Research Report (Inclusion of Updated Research).
- Provide Chapter-wise guidance on Requests.
- 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures.
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.
Market’s Key Companies
- AWS
- Denodo
- Global IDs
- HPE
- IBM
- Informatica
- K2view
- Microsoft
- Monte Carlo
- NetApp Oracle
- Radiant Logic
- SAP
- Snowflake
- Talend
- Teradata
Purchase a Full Detail Data Mesh Market Size Report With Complete TOC
Key Highlights
- The use of cloud-native technology, associated with the establishment of strong governance and security protocols and tailored data pipelines that enhance flexibility and stimulate creativity, is driving the expansion of the data mesh industry.
- The market for data mesh is expected to expand greatly due to the increasing number of business drivers and the need for data democratization and accessibility.
- The data mesh market segmentation is mainly based on business function, offering, approach, vertical, application, and country.
- North America conquered the market with the largest share in 2023.
Market Developments
Growth Drivers:
- Increased Demand for Data Democratization and Accessibility: The data mesh market size is expanding as a result of the growing need for data democratization and accessibility. This requirement, in terms of the data mesh architecture, signifies a change toward giving various stakeholders within an organization quick access to accurate and pertinent data. By dismantling conventional silos, organizations that democratize data foster an atmosphere where varied teams can freely access, understand, and use data that is pertinent to their duties and objectives. This democratized approach facilitates faster decision-making by enabling instant access to contextualized, real-time data while also encouraging increased collaboration.
- Rising adoption of AI and Machine Learning: The use of AI (Artificial Intelligence) and machine learning technologies is rising significantly in the data mesh market. AI and machine learning are critical to enhancing the efficacy and efficiency of data mesh architectures as enterprises work to maximize the value of their ever-expanding datasets. Businesses may now automate intricate data processes, gain insightful information, and enhance decision-making procedures due to these creative technologies.
Industry Trends:
- Data Ownership and Accountability: Data mesh techniques put accessibility first by organizing data into manageable, self-service domains. This process makes sure that the people who need the data can get it and comprehend it. One of the main drivers of the data mesh market growth is the trend toward democratization and greater data accessibility. It successfully responds to the evolving demands of businesses looking for creativity, wisdom in judgment, and flexibility in a data-driven environment.
Restraints:
- Security and Compliance Concerns: Security and compliance issues become major roadblocks in the expanding data mesh market environment, demanding a careful balancing act between innovation promotion and sensitive data protection. Several security issues need to be carefully considered because of the decentralized nature of data mesh, which is characterized by distributed ownership of data domains.
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Segmentation Overview
- The HR Sector Holds the Largest Share in 2023
Due to a number of important variables, HR business operations are developing rapidly, and the rise of data mesh is generating a considerable transition in these areas. A more individualized knowledge of workforce data is required by the increasing emphasis on employee-centric tactics, which has led to the widespread adoption of data mesh frameworks.
Also, the increasing significance of analytics and AI in HR processes necessitates a complete and domain-specific data plan that is compatible with the essential principles of data mesh.
- The Fine-Grained Sector Witnesses Fastest Growth
The fine-grained sector notices the quickest evolution during the data mesh market forecast period. In the context of data mesh, this unique domain is devoted to the complex and detailed management of granular data, meeting the changing needs of enterprises looking for exact control over their data. Fine-grained mesh capabilities are in great demand because of the growing complexity and diversity of data, as well as the requirement for highly targeted management at the micro-level.
Data Mesh Market: Report Dynamics & Scope
| Report Attribute | Details |
| Revenue Forecast in 2032 | USD 3.94 Billion |
| Market size value in 2024 | USD 1.18 Billion |
| Expected CAGR Growth | 16.3% from 2024 – 2032 |
| Forecast Year | 2024 – 2032 |
| Segments Covered | By Offering, By Business Function, By Approach, By Application, By Vertical, By Region |
| Customization Options | Customized purchase options are available to meet any research needs. Explore customized purchase options |
Browse the Full Press Release: Data Mesh Market Size Worth USD 3.94 Billion By 2032 | CAGR: 16.3%
Regional Insights:
North America: The data mesh market in North America is seeing significant technical growth. Businesses in the region are gradually using the data mesh strategy because they understand how well it can address complex data problems. The introduction of specialized tools and platforms that are made to comply with data mesh principles is a noteworthy breakthrough.
Asia Pacific: To manage complicated data ecosystems, businesses in the Asia-Pacific region are increasingly implementing data mesh concepts. This framework is being influenced by a trend that places more focus on locally tailored data governance frameworks that take into account the various regulatory environments found in Asia Pacific regions.
Browse the Detail Report “Data Mesh Market Share, Size, Trends, Industry Analysis Report, By Offering; By Business Function; By Approach; By Application; By Vertical; By Region; Segment Forecast, 2024 - 2032” with in-depth TOC at: https://www.polarismarketresearch.com/industry-analysis/data-mesh-market
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Key Questions Addressed in the Report:
- What is the anticipated industry size of Data Mesh?
Ans: The market size of data mesh was valued at USD 1.01 billion in 2023 and is anticipated to generate an estimated revenue of USD 3.94 billion by 2032.
- Which segment is holding the largest market share?
Ans: The HR sector holds the largest data mesh market share in 2023.
- At what rate is the market expected to grow during the forecast period?
Ans: The market is expected to grow at a 16.3% CAGR during the forecasted timeframe, 2024-2032.
- Who are the key vendors in the industry?
Ans: The data mesh market key players are Denodo, Amazon Web Services (AWS), Google, Global IDs, and Hewlett Packard Enterprise (HPE).
Polaris Market Research has segmented the data mesh market report based on offering, business function, approach, application, vertical, and country:
By Offering Outlook
- Solution
- Data Integration and Delivery
- ETL (Extract, Transform, Load)
- Data Pipeline and Workflow Management
- Data Mapping and Transformation
- Federated Data Governance
- Metadata Management
- Data Quality and Security
- Compliance and Regulatory Tools
- Data Operations
- Monitoring and Observability
- Data Cataloging and Discovery
- Data Lifecycle Management
- Data Transformation and Orchestration
- Schema Evolution
- Data Orchestration and Synchronization Platforms
- Other solutions
- Data Integration and Delivery
- Solutions by Deployment Mode
- Cloud
- On-premise
- Services
- Professional Services
- Consulting and Implementation
- Support and Maintenance
- Training and Education
- Advisory and Strategy
- Implementation and Deployment
- Governance and Security
- Managed Services
- Professional Services
By Business Function Outlook
- Finance & Accounting
- Sales & Marketing
- Research & Development
- Operations & Supply Chain
- HR
- ITSM
By Approach Outlook
- Fine-grained
- Fully Federated Mesh
- Fully Governed Mesh
- Hybrid federated mesh
- Value chain-aligned mesh
- Coarse-grained
- Aligned Mesh
- Governed Mesh
By Application Outlook
- Customer Experience Management
- Data Privacy Management
- Chatbots/ Virtual Assistants
- Campaign Management
- IoT Monitoring
- Other Applications
By Vertical Outlook
- BFSI
- Healthcare & Life Sciences
- Telecom
- Retail & E-Commerce
- Government & Public Sector
- Energy & Utilities
- IT/ITeS
- Transportation & Logistics
- Manufacturing
- Other Vertical
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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