Data Mesh Market Crosses, envisions 17.5% CAGR Surge Up to 2030
Market Insights & Analysis: Data Mesh Market (2024-30)
Projected Growth: The Data Mesh Market size is estimated to grow at a CAGR of around 17.5% during the forecast period, i.e., 2024-30.
Comprehensive Overview of the Data Mesh Market
Utilizing both primary and secondary research methodologies, the Data Mesh Market report offers an in-depth analysis valuable for stakeholders and investors seeking market insights. This report delves into market dynamics, providing a detailed examination of regional trends and developments.
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Global Data Mesh Market Driver: Digitalization Across the BFSI Sector to Augment the Requirement for the Data Mesh Solutions
In recent years, there has been a shift in consumer preference, as they are inclining towards flexible payment solutions. Post-COVID-19, consumers across the globe are seeking convenient & accessible payment solutions to make payments rather than the traditional cash payments. According to the World Bank, in 2022, around 66% of the total bankable population either send or receive digital payments owing to the convenient & faster transactions offered by digital payment platforms like Paytm, Google Pay, Apple Pay, etc. Moreover, banks in countries like India, the US, Germany, etc., are also amalgamating digital technologies to make payments more smooth & efficient and launching different banking platforms for their customers.
Moreover, the increasing launch of these digital applications facilitates contactless payment since consumers prefer to use these applications for making payments. These online payments require data mesh solutions to analyze customer behavior & comprehensive view of payment activities and ensure excellent system performance. Therefore, the increasing inclination towards digital payments & the launches of payment applications is also facilitating the requirement for data mesh solutions to manage payments securely & effectively.
Data Mesh Market Segmentation
By Offering
-Solutions
-Data Integration & Delivery
-Federated Data Governance
-Data Operations
-Data Transformation
-Others
-Services
-Professional Services
-Consulting & Implementation
-Support & Maintenance
-Training & Education
-Advisory Strategy
-Implementation & Deployment
-Governance & Security
-Managed Services
By Deployment Mode
-Cloud
-On-Premises
By Approach
-Fine-Grained Mesh
-Hybrid Federated Mesh
-Value-Chain-Aligned Mesh
-Coarse-Grained Mesh
By Business Function
-Sales & Marketing
-Finance & Accounting
-Research & Development
-Operations & Supply Chain
-HR
-ITSM
By Vertical
-BFSI
-Telecom
-Retail & E-Commerce
-Healthcare & Life Science
-IT/ITes
-Manufacturing
-Government & Public Sector
-Transportation & Logistics
-Others
- Retail & E-Commerce held the largest share in the Global Data Mesh Market due to a drastic shift towards online shopping since online shopping platforms like Amazon, Flipkart, etc., provide convenience to consumers.
By Application
-Customer Experience Management
-Data Privacy Management
-Chatbots/Virtual Assistant
-Campaign Management
-IoT Monitoring
-Access Control
-Others
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Key Players in the Data Mesh Market
The report features major players including:
AWS, Microsoft, Google, Equinix, Dell Technologies, Huawei, Digital Realty, NTT, KDDI, HPE, Oracle, Alibaba Cloud, IBM, Cyrusone, China Telecom, Others
Regional Analysis
The report covers a comprehensive analysis of the Data Mesh Market across various regions:
- North America: US, Canada, Mexico
- Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
- Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
The research highlights development opportunities and challenges in these regions, encompassing sales growth, product pricing and analysis, growth potential, and strategic recommendations for addressing market challenges.
Key Questions Answered in the Data Mesh Market Report
- Who are the major players in the Data Mesh Market?
- Which region presents the most potential for the Data Mesh Market?
- Which application area of the Data Mesh Market is anticipated to grow significantly in the coming years?
- What opportunities exist for new market entrants?
- What is the projected market size for the Data Mesh Market by the end of the forecast period?
- What are the growth prospects for the Data Mesh Market?
- What is the base year considered in this market report?
- Which region holds the largest market share in the Data Mesh Market?
- What factors are expected to drive the growth of the Data Mesh Market?
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