Lucintel's latest market report analyzed that data fabric provides attractive opportunities in the banking, financial services, and insurance (BFSI), government, defense and public agencies, manufacturing, healthcare & life sciences, energy and mining, telecom, media & entertainment, and retail & ecommerce sectors. The data fabric market is expected to reach $XX billion by 2028 with a CAGR of 30% to 32%. In this market, services is the largest segment by component, whereas in-memory is largest by product type.

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Based on component, the data fabric market is segmented into solutions and services. The services segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing need for data fabric across industries as they set out a suitable platform to run and support their apps.

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The Data Fabric Market is marked by the presence of several big and small players. Some of the prominent players offering data fabric include IBM, SAP, Oracle, Informatica, Talend, and Denodo.

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