Global Data Virtualization Market Report 2022: Sector to Reach $10 Billion by 2028 at an 18.6% CAGR
DUBLIN, Jan. 25, 2023 /PRNewswire/ -- The "Global Data Virtualization Market Size, Share & Industry Trends Analysis Report By Component (Solution and Services), By Deployment Mode (On-premises and Cloud), By Organization Size, By Vertical, By Regional Outlook and Forecast, 2022 - 2028" report has been added to ResearchAndMarkets.com's offering.
The Global Data Virtualization Market size is expected to reach $10 billion by 2028, rising at a market growth of 18.6% CAGR during the forecast period.
Solution Type Outlook
Under solution type, the data virtualization market is classified into standalone software, data integration, and application tool solution. In 2021, the standalone software garnered a significant revenue share in the data virtualization market. The software which works without the network connection of the software package is referred as standalone software. When the core program does not need an internet connection in such scenario, standalone software is required.
Deployment Mode Outlook
Based on deployment mode, the data virtualization market is fragmented into on-premise and cloud. In 2021, the on-premise software witnessed the largest revenue share in the data virtualization market. The on-premises software work internally from execution to processing of the solution where updates, protection, and care also take place natively. The company is accountable for the order to keep up the solution and associated procedure with the use of on-premises software.
Organization Size Outlook
On the basis of organization size, the data virtualization market is distributed into SMEs and large enterprises. In 2021, the SMEs segment covered a considerable growth rate in the data virtualization market. Due to the amazing perks of using data virtualization like flexibility, enhanced safety & agreement, and less IT management expenditure, there is a rapid demand for data virtualization centers among small & medium-sized enterprises. The data virtualization software is appropriate for all small enterprises, like start-ups or freelancers, and also for large enterprises.
By Vertical, the data virtualization market is classified into IT & telecom, retail, healthcare & life sciences, manufacturing, government & defense, BFSI and education. In 2021, the IT & telecom segment registered the largest revenue share in the data virtualization market. This is due to its assistance to businesses to enhance their artificial intelligence-based IT structure, secure handling charges, and consuming core competency.
Key Market Players
Key Topics Covered:
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SOURCE Research and Markets