Data Virtualization Cloud Market Analysis by Size, Share, Growth, Trends up to 2030

COVID-19 pandemic has boosted adoption of cloud-based platforms among businesses and small and medium-sized enterprises. Insights from recent studies reveal that over a third (38%) of companies are changing their focus to hybrid cloud structures as core component of their existing cloud strategy.

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Considering these factors, analysts at Future Market Insights (FMI) have forecast global adoption data virtualization cloud solutions to rise by 25.2% CAGR during 2020-2030.
Data Virtualization Cloud Market Size Study

  • Standalone software to remain preferable component in data visualization cloud market
  • Business intelligence tools to account for greater data consumption through 2030
  • Public cloud model continues to generate significant demand over following decade
  • Market players continue to view BFSI industry as target customer of data visualization cloud solutions
  • Markets in North America and Europe will remain in vanguard, given presence of key players and well-established cloud infrastructure

“Cloud-based models have become commonplace and companies are strategically leveraging them to upgrade their applications for data-driven architecture. With this maturity, digital transition and subsequent cloud adoption has become substantially manageable than ever before. Innovative trends are coming forth to support slew of use cases in hybrid and multi-cloud ecosystems,” says analyst at FMI.

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COVID-19 Impact on Data Virtualization Cloud Market
While the COVID-19 pandemic has exposed almost every industry to economic uncertainties, the global data virtualization cloud market has emerged in a position of strength from the pandemic.
With physical interaction no longer an acceptable form of communication in wake of social distancing measures, institutions and enterprises across the globe have implemented sudden shifts to digital solutions in order to mimic pre-crisis growth levels.

Companies from other industries are realizing the benefits and potential of cloud-based solutions, even ahead the immediate need for remote working triggered by COVID-19 pandemic. Many enterprises will kick start ramping up their digital transition efforts and invest heftily in cloud and IT resources in coming years.
As such, it appears highly unlikely that the public health crisis will affect bottom lines of players in data virtualization cloud market to significant degree.

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Data Virtualization Cloud Market – Competitive Intelligence
Presence of technology giants such as Microsoft Corporation, IBM Corporation, and SAP has intensified competitive landscape of global data virtualization cloud market. In order to survive cut-throat competition, market players are bringing advancements in existing solutions as well as are offering them at flexible pricing.

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