Data Mesh Market Report 2031 by Segments, Geography, Dynamics, Recent Developments, and Strategic Insights

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.

Data Mesh Market Analysis

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 Market Overview

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.

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Data Mesh Market: Strategic Insights

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Data Mesh Market Drivers and Opportunities

Growing Demand for Democratization and Accessibility Among Businesses Propelling Data Mesh Market Growth

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.

Unlocking Fine-Grained Supervision for Data Governance and Integration with Cloud-Native Technologies

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.

Data Mesh Market Report Segmentation Analysis

Key segments that contributed to the derivation of the data mesh market analysis are solution, deployment, application, and industry vertical.

• Based on solution, the data mesh market is divided into data integration and delivery, federated data governance, data operations, data transformation and orchestration, and others. The data integration and delivery segment held the largest market share in 2023.
• Data integration and delivery solutions are used to combine data from various sources, which increases its adoption among businesses for managing their human resources, financial & accounting, supply chain, and other functions.
• The growing demand for data integration and delivery solutions among businesses to ensure the accuracy and consistent availability of data for users is driving the market for the segment.

Data Mesh Market Share Analysis by Geography

• The data mesh market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.
• In terms of revenue, North America dominated the data mesh market share. The region contributes a notable share in the expansion of the global data mesh market trends owing to the high adoption and investments in big data technology in the region.
• The market in the US is anticipated to expand during the forecast period due to the presence of key market players such as Microsoft Corp, Amazon Web Services Inc, Alphabet Inc, Oracle Corp, International Business Machines Corp, Snowflake Inc, K2view Ltd, Denodo Technologies Inc, and Informatica Inc. These players are continuously engaged in developing new advanced technologies and signing partnership agreements to attract customers worldwide. For instance, in April 2023, International Business Machines Corp partnered with Siemens AG to develop an integrated software solution. This partnership helps both companies strengthen their long-standing collaboration to develop an integrated software solution for managing large amounts of data.
• Moreover, the increasing demand for advanced technologies such as AI and big data analytics is anticipated to contribute to the growing data mesh market size in North America during the forecast period.

Data Mesh Market Regional Insights

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.

Data Mesh Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

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:

1. SAP SE
2. Microsoft Corp
3. Alphabet Inc
4. Oracle Corp
5. International Business Machines Corp
6. Amazon.com Inc

Disclaimer: The companies listed above are not ranked in any particular order.

Data Mesh Market News and Recent Developments

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:

• International Business Machines Corp’s Cloud Pak for Data team announced the general availability of Cloud Pak for Data (CPD) version 4.8. The updated version of Cloud Pak for Data (CPD) 4.8 focuses on serviceability for enhancing the management and maintenance of the CPD Platform and services. Version 4.8 also offers a wide range of capabilities that provide more information about the platform and proactively ensure a stable environment for CPD production workloads. (Source: International Business Machines Corp, Press Release, December 2023)
• Oracle Corp and Microsoft Corp expanded their partnership by launching Oracle Database Azure, a new solution that delivers Oracle Database services at Azure data centers. Oracle Database Azure provides users the benefits of direct access to Oracle database services running on Oracle Cloud Infrastructure (OCI) and deployed in Azure datacenters. This provides customers with more flexibility in running and managing their workloads. (Source: Oracle Corp, Press Release, September 2023)
• Informatica Inc launched the intelligent data management (IDMC) cloud in the Amazon Web Services (AWS) Japan region to support its customers in data-led cloud modernization. The IDMC supports Informatica Inc in accessing, managing, and accelerating data transformation for business insights by complying with the data residency requirements of its customers in the country. (Source: Informatica Inc, Press Release, June 2023)

Data Mesh Market Report Coverage and Deliverables

The "Data Mesh Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:

• Data mesh market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Data mesh market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Data mesh market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the data mesh market
• Detailed company profiles