According to research report “Data Fusion Market by Business Function (IT, Sales and Marketing, Operations, Finance, and HR), Component (Tools and Services), Deployment Model (On-Premises and On-Demand), Organization Size, Industry, and Region – Global Forecast to 2022″, The data fusion market is estimated to grow from USD 7.62 Billion in 2017 to USD 15.92 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 15.9% during the forecast period.
The major factors driving the data fusion market are rapid adoption of data-driven decision-making and introduction of Industrial Internet of Things (IIoT). The data fusion market has grown rapidly due to the transformation from traditional data management techniques for collaboration of data from disparate data sources to advanced techniques and an enormous surge of structured and unstructured data.
Browse 74 Tables and 40 Figures spread through 142 Pages and in-depth TOC on “Data Fusion Market – Global Forecast to 2022″
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=143609604
Human Resources is expected to grow at the highest CAGR
Data fusion tools and services cater to various business functions including Information Technology (IT), sales and marketing, finance, operations, and Human Resources (HR). HR business function is expected to witness the highest CAGR during the forecast period among all business functions due to the growth in need to manage and analyze HR data with minimal help from the IT team. Data fusion technologies are used for various operations across an organization. Moreover, it helps resolve operations related issues in real time and the streamline operations across industries.
Banking, Financial Services, and Insurance is estimated to have the largest market size in 2017
The data fusion market is segmented by various industry verticals, such as BFSI, retail and consumer goods, telecom and IT, energy and utilities, government and defense, healthcare and life sciences, manufacturing, media and entertainment, transportation and logistics, and others (travel and hospitality and academia and research). Among these industry verticals, the adoption of data fusion is expected to be the largest in the BFSI vertical, as the volume and variety of data have increased on daily basis with the growing demand for collaborating data from various sources, such as financial transactions in banks and other financial services institutes.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=143609604
North America is expected to dominate the data fusion market during the forecast period
North America is expected to account for the largest share of the data fusion market in 2017 due to the technological advancements and early adoption of data management systems in the region. The market in Asia Pacific (APAC) is expected to grow at the highest CAGR between 2017 and 2022. The primary driving factors for this growth are increase in technological adoption and huge opportunities across industry verticals in APAC region, especially India, China, and Japan.
Furthermore, the report encompasses different strategies, such as mergers and acquisitions, partnerships and collaborations, and product upgradations, adopted by major players to increase their share in the market. Some of the major technology vendors include AGT International (Switzerland), Esri (US), LexisNexis (US), Palantir Technologies (US), Thomson Reuters (Canada), InvenSense (US), Clarivate Analytics (US), Cogint (US), Merrick & Company (US), and INRIX (US)
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441