Data Fusion Market Worth to Reach USD 29659.2 million By 2027
Posted On October 25, 2021
The Global Data Fusion Market report evaluates the market revenue to reach USD 29659.2 million mark in 2027. The CAGR is expected to be close to 15% from 2021 till the end of 2027 according to the newly published report by Value Market Research. The growing usage of the industrial internet of things is a major factor influencing the data fusion industry (IIoT). The widespread implementation of IoT technology across sectors is likely to increase the demand for data transmission and analysis, propelling the data fusion market forward. Furthermore, the growing desire to derive insights from underused data, as well as technical improvements such as connected devices and data analytics, which have made disparate integration easier, will drive the data fusion market forward in the future years. The increasing adoption of data-driven decision-making methodologies is expected to augment data fusion needs in the forecast period, resulting in an increase in the transfer from data warehouses to advanced techniques. Data-driven decision-making has a number of advantages, which has led to a rise in the use of this method. High investment expenses, on the other hand, may obstruct the market in the long run.
Data fusion is the process of combining multiple data sources to produce information that is more consistent, accurate, and useful than any single data source. The advantages of data fusion include increased transparency and accountability, the ability to link business decisions to analytics insights, increased employee satisfaction, increased efficiency, productivity, and consistency, as well as clear feedback for market research and continuous improvement across all departments of an organisation.
The market dynamics covered in the report "Global Data Fusion Market Report By Business Function (Information Technology (IT), Sales And Marketing, Finance, Operations, Human Resources (HR), By Deployment Model (On-Premises, On-Demand), By End-User Industry (Banking, Financial Services, And Insurance (BFSI), Telecom And IT, Retail And Consumer Goods, Healthcare And Life Sciences, Manufacturing, Government And Defense, Energy And Utilities, Transportation And Logistics, Media And Entertainment, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" gives a holistic scope of the market along with the market forecasts.
On the basis of business function the market is segmented into Information Technology (IT), Sales and Marketing, Finance, Operations, Human Resources (HR). By deployment model the data fusion market is categorised as On-premises, On-demand. By end-user industry the data fusion market is categorised as Banking, Financial Services, and Insurance (BFSI), Telecom and IT, Retail and Consumer Goods, Healthcare and Life Sciences, Manufacturing, Government and Defense, Energy and Utilities, Transportation and Logistics, Media and Entertainment, Others. Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. Each region is segregated into North America (North America, United State and Rest of North America), Europe (United Kingdom, France, Germany, and Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. This section provides the estimates of market by segment. This section provides the estimates of market by segment thus, providing valuable data to take strategic decisions.
The Report Segments Global Data Fusion Market -
By Business Function
- Information Technology (IT)
- Sales and Marketing
- Human Resources (HR)
By Deployment Model
By End-User Industry
- Banking, Financial Services, and Insurance (BFSI)
- Telecom and IT
- Retail and Consumer Goods
- Healthcare and Life Sciences
- Government and Defense
- Energy and Utilities
- Transportation and Logistics
- Media and Entertainment
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
AGT International, Thomson Reuters, ESRI, Palantir Technologies, RELX Group, TDK Corporation, Cogint, Inc., Merrick and Company, INRIX, Clarivate Analytics, Invensense, LexisNexis, Clarivate Analytics, Signafire, and Konux.
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