Global Data Mesh Market to Surge with a 17.5% CAGR from 2024 to 2030, Reports MarkNtel Advisors

The Global Data Mesh Market is projected to grow at a CAGR of around 17.5% during the forecast period, i.e., 2024-30, cites MarkNtel Advisors in the recent research report. The growth in demand for data mesh solutions is fueled by the increasing implementation of digitalization initiatives, rising internet penetration & smartphone accessibility, and higher data generation. Governments and private entities in the region, like Asia-Pacific, the Middle East & Africa, etc., have significantly invested in bolstering their digital infrastructure by laying a foundation for a resilient digital ecosystem. These investments are fostering an environment conducive to increased internet penetration across these nations. As a result, these countries are witnessing a notable surge in internet penetration.

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Furthermore, governments of countries like China and Germany are driving digitalization initiatives to gain a competitive edge globally. This proactive stance is leading to the amalgamation of digital services to promote transparency & streamline administrative operations. The growing inclination towards digital services in these countries is creating a heightened demand for data mesh solutions to manage data efficiently, contributing to the growth of the Global Data Mesh market.

Additionally, governments of these countries are also actively promoting the adoption of digital services across other industry verticals, like Healthcare, IT & Telecom, BFSI, etc., further driving the need for data mesh solutions for data curation, processing, and analysis, which would continue growing in the coming years, further states the research report, “Global Data Mesh Market Analysis, 2024.”

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Global Data Mesh Market Segmentation Analysis

Retail & E-Commerce Dominate the Global Data Mesh Market

Based on the Vertical segment, the market is further bifurcated into BFSI, Telecom, Retail & E-Commerce, Healthcare & Life Science, IT/ITes, Manufacturing, Government & Public Sector, Transportation & Logistics, and Others. Of them, Retail & E-Commerce held the largest market share in the Global Data Mesh Market. E-commerce platforms, like Ubuy, Desertkart, etc., are becoming preferable online shopping applications for consumers due to their convenience and accessibility. Moreover, these online shopping platforms allow consumers to browse and purchase products conveniently. As a result, consumers are seeking to buy products from online shopping platforms rather than traditional shopping.

Additionally, these platforms offer a wide range of products and brands, catering to the demand of consumers seeking specialized & tailored products. This growing preference towards e-commerce platforms is enhancing the need for digital solutions, like data mesh, to store & govern the data, uplifting the market share of Retail & E-Commerce in the Global Data Mesh market.

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Asia-Pacific Leading the Global Data Mesh Market

Geographically, Asia-Pacific is at the forefront of the Global Data Mesh Market owing to the rapid digital transformation in countries like Australia, India, etc. Governments of these nations are spearheading initiatives to promote the widespread adoption of digital services across diverse industry verticals. This is fuelling the demand for data mesh solutions to provide a decentralized, agile, and scalable framework for data management. Moreover, governments of these countries are actively encouraging foreign companies to invest and operate within their borders by offering incentives. This welcoming approach would further drive the demand for digital solutions, including data mesh solutions since they play a crucial role in helping foreign enterprises scale their operations efficiently.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including IBM, SAP, Oracle, Informatica, AWS, NetApp, Teradata, K2View, Talend, Denodo, Google, Microsoft, HPE, Snowflake, Radiant Logic, and Others are looking forward to strengthening their market position.

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Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the Global Data Mesh Market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & service adoption?
5. How has the competition been shaping across various regions?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

About Us:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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