The latest report by MarkNtel Advisors, titled “Data Mesh Market Report 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), Others and Region 2024-2030”, offers a comprehensive analysis of the industry, which comprises insights on the Data Mesh Market research report.
What is the market outlook for Data Mesh?
The Data Mesh Market size is estimated to grow at a CAGR of around 17.5% during the forecast period 2024-30.
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Major Companies Operating in the Data Mesh Industry:
AWS, Microsoft, Google, Equinix, Dell Technologies, Huawei, Digital Realty, NTT, KDDI, HPE, Oracle, Alibaba Cloud, IBM, Cyrusone, China Telecom, Others
Data Mesh Market Report 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 Application
-Customer Experience Management
-Data Privacy Management
-Chatbots/Virtual Assistant
-Campaign Management
-IoT Monitoring
-Access Control
-Others
By Vertical
-BFSI
-Telecom
-Retail & E-Commerce
-Healthcare & Life Science
-IT/ITes
-Manufacturing
-Government & Public Sector
-Transportation & Logistics
-Others
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Regional Insights:
- 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
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.
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