New York, July 29, 2019 (GLOBE NEWSWIRE) -- Increasing demand for Data Virtualization in Large Enterprises coupled with high investment in R&D of Data Virtualization is fueling the market growth.
The global data virtualization market is forecast to reach USD 9.07 Billion by 2026, according to a new report by Reports and Data. The Data Virtualization market is rising rapidly in the global market owing to the high proliferation of adoption of data visualization in Data Analytics & BI Tools as it doesn't involve high expanses in data storage unlike data warehousing system and lesser probabilities in risks of data errors.
Academics & Research segment is expected to witness the highest market demand throughout the forecast period. Academics & Research currently is prone to have the highest utilization of the data integration from millions of data sources as the researchers are being inclined towards secondary online sources before proceeding with the core comprehensives. Retail & Ecommerce segments are also likely to be significant contributors to this market.
The market in the Asia Pacific region is forecasted to generate a revenue of USD 2.78 Billion in the year 2026, owing to its extensive market penetration towards Data Virtualization coupled with its rise in consumer base in Banking & Financial Sectors and transcendence in IT & Telecommunication segment in China, Japan, and India.
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Further key findings from the report suggest
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Segments covered in the report:
For the purpose of this report, Reports and Data have segmented the global Digital Payment Market on the basis of end users, automation type, components of logistics, logistics model, and region:
Type of Usage Layer Method Outlook (Revenue, USD Billion; 2016-2026)
Organization Size Type Outlook (Revenue, USD Billion; 2016-2026)
Application of Logistics Outlook (Revenue, USD Billion; 2016-2026)
End Users Type Outlook (Revenue, USD Billion; 2016-2026)
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Regional Outlook (Revenue, USD Billion; 2016-2026)
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