[Market Strategy Report] Global Data Virtualization Software Market is expected to hit US$ 10.1 billion by 2028, registering a CAGR of over 21.1%

According to a deep-dive market assessment by RationalStat, the Global Data Virtualization Software Market has been analyzed on the basis of market segments, including type, deployment, application, and geography/regions (incl. North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2028.

Wilmington,Delaware, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Market Scope and Report Overview

The technique of merging data from several sources into a single virtual layer, known as data virtualization, enables users to access and query the data without being aware of its physical location or structure. By enabling business users to access and combine data independently, data virtualization lessens the need for IT to perform data extraction and integration tasks. Faster decision-making and self-service analytics are made possible by this which is driving data virtualization software market growth.

Market intelligence for the global data virtualization software market covers market sizes on the basis of market value (US$/EUR Million) and volume (units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

In addition, the long-term sector and products/services 10-year outlook and its implications on the Data Virtualization Software market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Data Virtualization Software Market: Segmental and Market Share Analysis

On the basis of type, the data integration solution segment is expected to hold the largest market share. Modern businesses need data integration because it may improve collaboration, facilitate multichannel customer experiences, and save a lot of time by eliminating the need for manual data collection and analysis.

On the basis of deployment, the on-premises segment is expected to hold the largest market share. Due to the availability of straightforward deployment choices and the minimal capital and time requirements, the on-premises category has a strong CAGR.

On the basis of application, the global data integration market's highest market share belongs to the BFSI segment. Financial institutions are currently struggling with problems with manual processing systems' cost and time management. Additionally, clients frequently take a long time to compile necessary documentation.

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Period Covered include data for 2019-2028 along with year-wise demand estimations

The data virtualization software market report analyzes the market on the basis of global economic situations, regional geopolitics, import-export scenarios, trade duties, market developments, organic and inorganic strategies, mergers and acquisitions, product launches, government policies, new capacity addition, technological advancements, R&D investments, and new market entry, replacement rates, penetration rates, installed base/fleet size, global and regional production capacity, among others.

RationalStat offers market analysis and consulting studies on the basis of dedicated and robust desk/secondary research supported by a strong in-house data repository. In addition, the research leverages data based on the real-time insights gathered from primary interviews. Market estimations and insights are based on primary research (covering more than 240 entities) and secondary research by leveraging international benchmarking.

The global data virtualization software market report also covers value chain and supply chain analysis that provides in-depth information about the value chain margins and the role of various stakeholders across the value chain. Market dynamics provided in the market study include market drivers, restraints/challenges, trends, and their impact on the market throughout the analysis period.

In the competition analysis section, the global data virtualization software market provides a detailed competition benchmarking analysis based on the market share of the leading companies/brands/ producers/suppliers, a market structure overview with detailed company profiles of more than 25 players with their financials, product/service offerings, major developments, business models, etc. This enables, clients and report buyers to make strong, precise, and timely decisions.

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Macroeconomic Scenario and the Impact of COVID-19 on Regional Economic Sentiment

In the latest RationalStat analysis, geopolitical conflicts and inflation are the cited economic risks, while concerns about the volatility across energy sectors prevail in Europe and other parts of the world. Some of the potential risks to the economic growth in the leading regions, including Asia Pacific, Europe, North America, the Middle East & Africa, and other developing regions, are inflation, volatile energy prices, supply chain disruptions, geopolitical instability, labor shortages, rising interest rates, and COVID-19 pandemic.

The global economy experienced heavy headwinds, throughout 2019-2021, as some countries witnessed subdued growth, while other countries continued to grapple with economic slowdowns. The COVID-19 pandemic has levied undue pressure across the majority of industries globally and has caused a major economic crisis in the US, India, Italy, the UK, Germany, India, Japan, South Korea, the UK, and many others. Besides, the exit of the UK from the European Union earlier in 2020 and the Russo-Ukraine war in 2022 exacerbated the ever-heightened global uncertainty.

In addition to this, the global economic growth slowed in 2022 to 3.3%, weaker than expected at the end of 2021, mainly weighed down by Russia’s war in Ukraine and the associated cost-of-living crisis in many countries. However, improvement in economic activities during the forecast period is expected. Growth is projected to remain at lower rates in 2023 and 2024, at 2.6% and 2.9% respectively.

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Competition Analysis and Market Structure

Some of the prominent players that contribute significantly to the data virtualization software market growth include Adaptive Insights, Alteryx Inc., ChartBlocks ltd, Cluvio GmbH., Domo Inc., Tableau Software Inc., QlikTech International AB, Oracle Corporation, IBM, Cisco Systems, Inc., SAP SE, SAS Institute Inc., Microsoft Corporation among others.

RationalStat has segmented the global data virtualization software market based on type, deployment, application, and region

  • Global Data Virtualization Software Market Value (US$ Million), Volume (units), and Market Share (2019-2028) Analysis by Type
    • Standalone Software
    • Data Integration Solution
    • Application Tool Solution
  • Global Data Virtualization Software Market Value (US$ Million), Volume (units), and Market Share (2019-2028) Analysis by Deployment
    • On-premise
    • Cloud
  • Global Data Virtualization Software Market Value (US$ Million), Volume (units), and Market Share (2019-2028) Analysis by Application
    • IT and Telecom
    • BFSI
    • Government and Defense
    • Healthcare and Life Sciences
    • Retail
    • Manufacturing
    • Others
  • Global Data Virtualization Software Market Value (US$ Million), Volume (units), and Market Share (2019-2028) Analysis by Region
    • North America Data Virtualization Software Market
      • US
      • Canada
    • Latin America Data Virtualization Software Market
      • Brazil
      • Mexico
      • Rest of Latin America
    • Western Europe Data Virtualization Software Market
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Benelux
      • Nordic
      • Rest of Western Europe
    • Eastern Europe Data Virtualization Software Market
      • Russia
      • Poland
      • Hungary
      • Other CIS Countries
      • Rest of Eastern Europe
    • Asia Pacific Data Virtualization Software Market
      • China
      • Japan
      • India
      • South Korea
      • Australia
      • ASEAN
        • Indonesia
        • Thailand
        • Philippines
        • Vietnam
        • Malaysia
        • Rest of ASEAN
      • Rest of Asia Pacific
    • Middle East & Africa Data Virtualization Software Market
      • GCC
        • Saudi Arabia (KSA)
        • United Arab Emirates (UAE)
        • Rest of the GCC
      • South Africa
      • Nigeria
      • Turkey
      • Rest of the Middle East & Africa

  • Leading Companies and Market Players
    • Adaptive Insights
    • Alteryx Inc.
    • ChartBlocks ltd
    • Cluvio GmbH.
    • Domo Inc.
    • Tableau Software Inc.
    • QlikTech International AB
    • Oracle Corporation
    • IBM
    • Cisco Systems, Inc.
    • SAP SE
    • SAS Institute Inc.
    • Microsoft Corporation 

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Key Questions Answered in the Data Virtualization Software Report:

  • What will be the market value of the global data virtualization software market by 2028?
  • What is the market size of the global data virtualization software market?
  • What are the market drivers of the global data virtualization software market?
  • What are the key trends in the global data virtualization software market?
  • Which is the leading region in the global data virtualization software market?
  • What are the major companies operating in the global data virtualization software market?
  • What are the market shares by key segments in the global data virtualization software market?

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

  • Defining the problem by understanding the type of market and data required by the client.
  • Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
  • Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
  • Evaluating and analyzing the data by referring to data sources utilized and leveraged.
  • Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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