According
to a new analysis by MarketsandMarketsTM, the size of the worldwide data
mesh market trends is expected to increase at a compound yearly growth
rate (CAGR) of 16.4% from USD 1.2 billion in 2023 to USD 2.5 billion by 2028.
The market for data mesh is anticipated to expand rapidly over the course of
the forecast period due to a number of business factors, including the growing
demand for data accessibility and democratization, customized data pipelines
that foster innovation and agility, a rise in the use of cloud-native
technologies, and the maintenance of strong governance and security.
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Data Mesh Market Dynamics:
Drivers:
- Increasing need for data democratization and accessibility.
Restraints:
- Addressing security and compliance conundrums.
Opportunities:
- Unlocking granular control for data governance.
List of Key Players in Data Mesh
Market: IBM (US), AWS (US), SAP (Germany), Oracle (US),
Informatica (US), K2view (US), Talend (US), Denodo (US), HPE (US), NetApp (US),
Teradata (US), Monte Carlo (US), Radiant Logic (US), Snowflake (US), Google
(US), Microsoft (US), Global IDs (US), Estuary (US), DataKitchen (US),
Databricks (US), Cinchy (Canada), Intenda (Netherlands), Atacama (Canada),
Alation (US), Collibra (US), Dremio (US), Starburst (US), Nexla (US), NextData
(Australia), Hevo Data (US), Atlan (US), CluedIn (Denmark), Iguazio (Israel) and
Alex Solutions (Australia).
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By
solution, Data Integration and Delivery segment to register for the largest
market size during the forecast period.
By solutions, data integration and
delivery segment is expected to register the largest market size during the
forecast period. Companies are increasingly embracing decentralized
architectures, where data is treated as a product and managed by domain-specific
teams. This shift has spurred the demand for tools and platforms that support
seamless integration, governance, and delivery of data across diverse domains.
Latest trends indicate a focus on scalable and self-serve data infrastructure,
enabling teams to access and utilize data more efficiently.
By
services, managed services to register for the highest CAGR during the forecast
period.
The services segment of the data mesh
market is growing rapidly. The managed services are vital in properly
functioning data mesh solutions. The data mesh industry is experiencing a
growing demand for managed services. As organizations increasingly adopt
decentralized data architectures, the demand for managed services tailored to
data mesh principles has surged. Managed services providers are now offering
specialized solutions focusing on enabling, maintaining, and optimizing data
mesh environments.
By
region, Asia Pacific accounted for highest growth rate during the forecast
period.
Asia Pacific is witnessing significant
growth in data mesh market. Companies across Asia Pacific are increasingly
adopting data mesh principles to navigate complex data ecosystems. Key trends
shaping this landscape include heightened emphasis on localized data governance
frameworks tailored to diverse regulatory landscapes within Asia Pacific
countries. There's a notable surge in demand for solutions that offer seamless
integration of data across diverse domains while ensuring compliance with
stringent data privacy laws prevalent in the region.
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