The Latin America, Middle East and Africa Data Virtualization Market would witness market growth of 25.5% CAGR during the forecast period (2022-2028).
Data virtualization solutions deliver a standard medium for data customers to access huge quantities of data in the form they choose, in spite of the server or source site. The quantity of data developed in companies has grown in current years as a result of various factors like digitalization, IoT, and improvements in conventional technologies. Similarly, connected devices that are attached to the internet play an important part in the production of huge quantities of information.
Furthermore, with the rise in the demand for data integration tools, the growth of data virtualization solutions will also increase. In order to rise process effectiveness, cut down costs, make better working capital, and reduce the time to produce new products such solutions are going to be very helpful. The quantity of data produced in businesses, enhancements in traditional technologies, and greater use of Internet of Things is anticipated to support the acceptance of data virtualization.
The UAE has determined to sustainable data development by utilizing the ability to rise technologies like big data. The government of UAE is acting as a dynamic agent in developing and investing in the Industry 4.0 and big data environment and the problems associated with the data sharing policies and human skills. As a result of all this, the market for data virtualization is predicted to grow significantly in the LAMEA region.
The Brazil market dominated the LAMEA Data Virtualization Market by Country in 2021; thereby, achieving a market value of $217.1 million by 2028. The Argentina market is showcasing a CAGR of 26.2% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 25.2% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Solution Type, the market is segmented into Data Integration Solution, Application Tool Solution and Standalone Software. Based on Deployment Mode, the market is segmented into On-premises and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into Telecom & IT, BFSI, Retail, Education, Government & Defense, Manufacturing, Healthcare & Life Sciences and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Data Virtualization Market is Predict to reach $10 Billion by 2028, at a CAGR of 18.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, IBM Corporation, Cisco Systems, Inc., Salesforce.com, Inc. (Tableau Software, Inc.), Workday, Inc., Alteryx, Inc., Domo, Inc., Ceros, Inc. (ChartBlocks Ltd.), Cluvio GmbH and QlikTech International AB.
By Component
By Deployment Mode
By Organization Size
By Vertical
By Country
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