Data Fabric Market Trends

Data Fabric Market Trends

The growing shift toward cloud computing has catalyzed an increasing demand for robust solutions capable of seamlessly managing data across hybrid and multi-cloud environments. Data fabric emerges as a vital technology in this landscape, offering a coherent framework that integrates and streamlines data from diverse sources and platforms. For instance, in July 2022, IBM finalized its acquisition of Databand.ai, a prominent provider of data observability software. This acquisition enhanced IBM's software portfolio in data management, offering comprehensive capabilities for detecting and resolving issues such as errors, pipeline failures, and data quality issues before they impact the business outcomes.
 

The rising growth of IoT devices is significantly impacting how organizations monitor big data, and data fabric solutions play a crucial role in this evolving landscape. These solutions are designed to scale horizontally across distributed environments, including edge, cloud, and on-premises infrastructure. This scalability ensures that organizations can handle the increasing volume, velocity, and variety of IoT-generated data effectively. For instance, in October 2021, NetApp unveiled expanded features and new offerings within its hybrid cloud portfolio. These updates aimed to support the organizations in modernizing their IT infrastructures and speeding up digital transformation efforts. NetApp's hybrid cloud solutions are designed to simplify the utilization of enterprise data wherever and whenever it is required.