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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