The data mesh market size is expected to reach US$ 4.27 billion by 2031 from US$ 1.28 billion in 2023. The market is estimated to record a CAGR of 16.3% from 2023 to 2031. Increasing adoption of hybrid and multi-cloud environments is likely to bring new data mesh market trends during the forecast period.
The increasing investment in AI, ML, IoT, and big data analytics tools and technologies is driving the data mesh market. Moreover, the rising adoption of data integration and delivery solutions among consumers across the globe is expected to create opportunities for the data mesh market growth during the forecast period.
Data mesh is a decentralized data architecture that focuses on improving data management and accessibility within organizations. The data mesh architecture is used to enhance data quality, analysis, and decision-making, which increases its demand among businesses across the globe. Data mesh solutions successfully respond to the evolving demands of businesses that are looking for creativity and innovation, informed decision-making, and flexibility in a data-driven environment.
The growing demand for data democratization among businesses is driving the data mesh market. Data democratization requires data mesh architecture for managing large data. Data mesh architecture signifies a change by providing quick access to companies for accurate and pertinent data within the businesses. Many businesses across the world are dismantling conventional methods of storing large data by creating an atmosphere to freely access, understand, and use specific data and responsibilities. This democratized approach facilitates faster decision-making by enabling instant access to contextualized and real-time data and encouraging collaboration among teams and businesses.
The growing demand for data mesh strategies among businesses and their increasing adoption are fueling the market growth. Data mesh strategies promote a culture of team-based data ownership and accountability, stimulating creativity, and boosting business productivity. These strategies allow businesses to structure data into manageable and self-service domains. This process ensures that users can easily access, understand, and use the data. Additionally, the rising demand for data mesh solutions among businesses for managing and handling data of different domains is driving the market.
Federated computational governance is a framework that facilitates collaboration and decision-making by assuring quality, security, and compliance across interconnected data domains. The federated computational governance context makes it possible to establish federated data ownership to ensure the security, quality, and privacy of data. This context is used by domain-specific experts rather than a central governing body for appropriately managing the large amount of data in a specific domain of an organization, including marketing & sales, human resources, finance & accounting, research & development, and others. For instance, according to the ZipDo report of August 2023, financial sector investment in big data and business analytics reached US$ 100.2 billion in 2023, an increase of 43.0% from 2020. The finance & accounting domain deals with large amounts of data on a daily basis, which increases the demand for data mesh solutions among organizations for managing accurately and making real-time decisions. Data mesh encourages a sense of accountability and ownership among domain experts and data stewards. This distributed ownership brings governance techniques closer to the subtleties and complexities of the finance & accounting data domain and is expected to create opportunities in the market during the forecast period.
Key segments that contributed to the derivation of the data mesh market analysis are solution, deployment, application, and industry vertical.
The regional trends and factors influencing the Data Mesh Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Data Mesh Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 1.28 Billion |
| Market Size by 2031 | US$ 4.27 Billion |
| Global CAGR (2023 - 2031) | 16.3% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Solution
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Data Mesh Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Data Mesh Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The data mesh market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the data mesh market are listed below:
The "Data Mesh Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
The List of Companies - Data Mesh Market
The data mesh market is expected to register an incremental growth value of US$ 2.99 billion during the forecast period.
Asia Pacific is expected to register highest CAGR in the data mesh market during the forecast period (2023-2031).
The estimated global market size for the data mesh market in 2023 is expected to be around US$ 1.28 billion
Growing demand for democratization and accessibility among businesses and growing demand for data integration and delivery solution among enterprises are the major factors that propel the data mesh market.
The global market size of data mesh market by 2031 will be around US$ 4.27 billion.
Cloud segment is expected to hold a major market share of data mesh market in 2023.
The US is expected to hold a major market share of data mesh market in 2023.
The US, Germany, and the UK are expected to register high growth rate during the forecast period.
Microsoft Corp, Amazon Web Services Inc, Alphabet Inc, Oracle Corp, International Business Machines Corp, SAP SE, Snowflake Inc, K2view Ltd, Denodo Technologies Inc, and Informatica Inc are the key market players expected to hold a major market share of data mesh market in 2023.
Increasing adoption of hybrid and multi-cloud environments are anticipated to play a significant role in the data mesh market in the coming years.