Data Mesh Market Overview
Data Mesh Market Size was valued at USD 1.3 Billion in 2023. The data mesh market industry is projected to grow from USD 1.52 Billion in 2024 to USD 4.564 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.00% during the forecast period (2024 - 2032). The market for data meshes is anticipated to expand rapidly throughout the forecast period due to market drivers, including the growing demand for data accessibility and democratization, customized data pipelines that foster innovation and agility, the rising popularity of cloud-native technologies, and the maintenance of strong governance and security.
Figure 1: Data Mesh Market Size, 2024-2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Data Mesh Market Trends
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Growing desire for accessibility and democratization of data is driving the market growth
The Market CAGR for data mesh is expanding as a result of the growing need for data democratization and accessibility. This requirement, in terms of the data mesh architecture, signifies a change toward giving various stakeholders within an organization quick access to accurate and pertinent data. By dismantling conventional silos, organizations that democratize data foster an atmosphere where varied teams can freely access, understand, and use data that is pertinent to their duties and objectives. This democratized approach facilitates faster decision-making by enabling instant access to contextualized, real-time data while also encouraging increased collaboration. In addition, it promotes a culture of collective data ownership and accountability among team members, which boosts productivity and stimulates creativity. By organizing data into self-service, controllable domains, data mesh techniques put accessibility first. This process guarantees that data is accessible, intelligible, and useful to those who need it. The trend toward democratization and greater data accessibility mostly drives the market demand for data mesh. It efficiently responds to the evolving requirements of enterprises looking for adaptability, creativity, and data-driven decision-making.
The use of AI (Artificial Intelligence) and machine learning technologies is rising significantly in the data mesh market. AI and machine learning are critical to enhancing the efficacy and efficiency of data mesh architectures as enterprises work to maximize the value of their ever-expanding datasets. Businesses may now automate intricate data processes, gain insightful information, and enhance decision-making procedures due to these creative technologies. Additionally, the market expansion for data mesh is being driven by the increasing usage of AI and machine learning due to the growing need for scalable and decentralized data solutions. Moreover, businesses may increase the value they derive from their data, enhance data governance, and react faster to shifting market demands by incorporating machine learning and artificial intelligence into data mesh frameworks. This pattern suggests a paradigm change in the field of data. For businesses looking to get the most out of their data mesh market implementations, artificial intelligence (AI) and machine learning solutions are increasingly indispensable. Thus, driving the data mesh market revenue.
Data Mesh Market Segment Insights
Data Mesh Offering Insights
The global data mesh market segmentation, based on offering, includes Solution (Data Integration and Delivery, Federated Data Governance, Data Operations, Data Transformation and Orchestration, and Other Solutions) and Services (Professional Services and managed Services). In 2023, the solution segment dominated the market. Decentralized architectures, in which data is controlled by domain-specific teams and treated as a product, are becoming more and more popular among businesses. The need for platforms and solutions that facilitate the smooth delivery, governance, and integration of data across various domains has increased as a result of this change. The most recent developments point to an emphasis on self-serve and scalable data infrastructure, which makes it possible for teams to access and use data more effectively.
Data Mesh Business Function Insights
The global data mesh market segmentation, based on business function, includes Finance & Accounting, Sales & Marketing, Research & Development, Operations & Supply Chain, HR, and ITSM. The HR category generated the most income in 2023. HR business operations are evolving quickly as a result of several significant factors, and the emergence of data mesh is causing a significant shift in these domains. The rising emphasis on employee-centric methods has led to the widespread use of data mesh frameworks, requiring a more customized understanding of worker data. HR departments may better manage the complexity of multiple data sources, including employee engagement metrics, talent inventories, performance data, and other pertinent information, with the aid of these frameworks.
Data Mesh Approach Insights
The global data mesh market segmentation, based on approach, includes Fine-grained (Fully Federated Mesh, Fully Governed Mesh, Hybrid federated Mesh), Value Chain-aligned Mesh, and Coarse-grained (Aligned Mesh, Governed Mesh). The fined-grained category generated the most income in 2023. This unique sector in the context of data mesh is devoted to the complex and meticulous management of fine-grained data, catering to the ever-changing needs of enterprises looking for exact control over their data. Demand for solutions offering fine-grained mesh capabilities has been spurred by the growing complexity and diversity of data, as well as the requirement for highly targeted control at the micro-level.
Figure 2: Data Mesh Market, by Approach, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Data Mesh Application Insights
The global data mesh market segmentation, based on application, includes Customer Experience Management, Data Privacy Management, Chatbots/ Virtual Assistants, Campaign Management, loT Monitoring, and Other Applications. The data privacy management category generated the most income in 2023. The management of vast amounts of data scattered across numerous sources has become increasingly difficult for businesses, making data privacy and regulatory compliance crucial. Data privacy management solutions give enterprises robust governance, protection, and auditing capabilities through a suite of all-inclusive tools and frameworks, regardless of where their data assets are placed within the data mesh architecture.
Data Mesh Vertical Insights
The global data mesh market segmentation, based on vertical, includes BFSI, Healthcare & Life Sciences, Telecom, Retail & E-Commerce, Government & Public Sector, Energy & Utilities, IT/lTeS, Transportation & Logistics, Manufacturing, and Other Vertical. The healthcare & life science category generated the most income in 2023. Healthcare data is becoming more and more large, containing genetic information, research data, and patient records. This calls for novel solutions like data mesh. Data mesh's decentralized structure is compatible with the varied and specialized fields of life sciences and healthcare, facilitating better data integration and analysis from a variety of sources.
Data Mesh Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American data mesh market area will dominate this market. The data mesh market development is seeing significant technical growth in North America. Businesses in the area are gradually using the data mesh strategy because they understand how well it can address complex data problems. The introduction of specialized tools and platforms that comply with data mesh principles is a noteworthy breakthrough. By enabling decentralized data architectures, these solutions hope to promote seamless governance, accessibility, and integration across several teams and domains.
Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: DATA MESH MARKET SHARE BY REGION 2023 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe data mesh market accounts for the second-largest market share. One of the key developments changing this picture is the increasing emphasis on localized data governance frameworks that are tailored to the diverse regulatory contexts prevalent in European countries. There is a strong demand for solutions that ensure compliance with the region's stringent data privacy laws and offer seamless data integration across multiple domains. Further, the German data mesh market held the largest market share, and the UK data mesh market was the fastest-growing market in the European region.
The Asia-Pacific Data Mesh Market is expected to grow at the fastest CAGR from 2024 to 2032. Enterprises in the Asia-Pacific region are adopting data mesh principles more frequently in order to handle complex data ecosystems. An increasing number of regionally tailored data governance frameworks that consider the diverse legislative environments prevalent in Asia-Pacific nations are having an impact on this framework. Moreover, China’s data mesh market held the largest market share, and the Indian data mesh market was the fastest-growing market in the Asia-Pacific region.
Data Mesh Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the data mesh market grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the data mesh industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global data mesh industry to benefit clients and increase the market sector. In recent years, the data mesh industry has offered some of the most significant advantages to medicine. Major players in the data mesh market are attempting to increase market demand by investing in research and development operations, including K2view, AWS, Denodo, Google, HPE, IBM, Informatica, Global IDs, Snowflake, Microsoft, Monte Carlo, Teradata, NetApp Oracle, Radiant Logic, SAP, and Talend.
A supplier of information technology goods and services is International Business Machines Corp. (IBM). The business creates and markets system hardware and software in addition to providing infrastructure, hosting, and consulting services. The product line of IBM includes software development tools, cloud computing, blockchain technology, artificial intelligence, automation, analytics, and IT infrastructure and management. Cloud, networking, security, application, business resilience, and technology support services are among the other services that the company provides. It also provides technological consultancy. In December 2023, version 4.8 of Cloud Pak for Data (CPD) was formally released by the IBM Cloud Pak for Data team. Many new features have been added to this update, the main one being an improvement in serviceability that will help with better management and upkeep of the CPD Platform and its services.
Microsoft Corp. (Microsoft) is a software development and services company that offers hardware and software solutions. A wide range of operating systems, video games, desktop and server management tools, server applications, business solution apps, cross-device productivity apps, software development tools, and training and certification services are all provided by the corporation. Hardware items like PCs, tablets, games, entertainment consoles, and other intelligent gadgets are also designed, manufactured, and sold by the company. Cloud-based solutions, solution support, and consulting services are just a few of the many services the company offers. In September 2023, Oracle Database @ Azure, which provides users with direct access to Oracle database services operating on Oracle Cloud Infrastructure (OCI) and deployed in Microsoft Azure datacenters, was launched by Oracle and Microsoft.
Key Companies in the Data Mesh Market include
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K2view
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AWS
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Denodo
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Google
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HPE
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IBM
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Informatica
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Global IDs
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Snowflake
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Microsoft
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Monte Carlo
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Teradata
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NetApp Oracle
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Radiant Logic
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SAP
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Talend
Data Mesh Industry Developments
June 2023: In order to assist clients in their data-led cloud modernization journey, Informatica announced the launch of Intelligent Data Management Cloud (IDMC), the company's premier end-to-end Al-powered data management platform, in the AWS Asia-Pacific (Tokyo) region.
April 2023: Siemens and IBM declared that they would be collaborating to create an integrated software solution as a way to further their long-standing partnership. With the help of this cutting-edge software, their separate systems engineering, asset management, and service lifecycle management products will work together effortlessly.
Data Mesh Market Segmentation
Data Mesh Offering Outlook
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Solution
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Data Integration and Delivery
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Federated Data Governance
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Data Operations
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Data Transformation and Orchestration
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Other Solutions
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Services
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Professional Services
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Managed Services
Data Mesh Business Function Outlook
Data Mesh Approach Outlook
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Fine-grained
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Fully Federated Mesh
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Fully Governed Mesh
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Hybrid federated Mesh
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Value chain-aligned Mesh
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Coarse-grained
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Aligned Mesh
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Governed Mesh
Data Mesh Application Outlook
Data Mesh Vertical Outlook
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BFSI
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Healthcare & Life Sciences
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Telecom
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Retail & E-Commerce
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Government & Public Sector
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Energy & Utilities
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IT/lTeS
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Transportation & Logistics
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Manufacturing
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Other Vertical
Data Mesh Regional Outlook
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
| Report Attribute/Metric |
Details |
| Market Size 2023 |
USD 1.3 Billion |
| Market Size 2024 |
USD 1.52 Billion |
| Market Size 2032 |
USD 4.564 Billion |
| Compound Annual Growth Rate (CAGR) |
17.00% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2019-2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Offering, Business Function, Approach, Application, Vertical, and Region |
| Geographies Covered |
North America, Europe, Asia-Pacific, and the Rest of the World |
| Countries Covered |
The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled |
K2view, AWS, Denodo, Google, HPE, IBM, Informatica, Global IDs, Snowflake, Microsoft, Monte Carlo, Teradata, NetApp Oracle, Radiant Logic, SAP, and Talend |
| Key Market Opportunities |
Growing accountability and ownership of data |
| Key Market Dynamics |
Growing usage of machine learning and AI. Increasing demand for data democratization and accessibility. |
Frequently Asked Questions (FAQ) :
The global data mesh market size was valued at USD 1.3 Billion in 2023.
The global market is projected to grow at a CAGR of 17.00% during the forecast period, 2024-2032.
North America had the largest share in the global market
The key players in the market are K2view, AWS, Denodo, Google, HPE, IBM, Informatica, Global IDs, Snowflake, Microsoft, Monte Carlo, Teradata, NetApp Oracle, Radiant Logic, SAP, and Talend.
The fined-grained category dominated the market in 2023.
The healthcare & life science category had the largest share in the global market.
