DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
It is estimated that the global data fusion market will 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 data fusion market has grown rapidly due to the transition from traditional techniques of data management, such as data warehouse, to advanced data management techniques along with the enormous adoption of data-driven decision-making across industry verticals. However, high-investment costs and fluctuations in regulatory policies are expected to limit the market growth.
Several organizations have evolved their Information Technology (IT) monitoring tools to gain more visibility into their data. Although with the right tools, early detection of issues before their arrival could be accomplished. Data fusion enables big data from IT to integrate and convert into relevant and actionable insights for a rapid problem resolution.
It enables organizations to extract insights from the key operational data types, such as log files, performance metrics, events, and trouble tickets, so that they could proactively avoid outages, achieve a faster meantime to repair, and reduce cost through greater operational efficiency. Hence, the IT business function is estimated to have the largest market share in 2022.
The media and entertainment industry vertical is expected to witness the highest CAGR during the forecast period. This is attributed to ease in various manual processes provided through data fusion solutions by maintaining and collecting records, which helps boost the operational efficiency by maximizing the route operations and utilizing the workforce appropriately.
- Rapid Adoption of Data-Driven Decision-Making
- Introduction of IIoT
- High Investment Costs
- Varying Structure of Regulation Policies
- Higher Adoption of Data Fusions Tools and Services Among SMEs
- The Need to Create Insights From Unused Data
- Managing and Maintaining Data Quality
- Lack of Skilled Workforce
- AGT International
- Clarivate Analytics
- Merrick & Company
- Palantir Technologies
- Thomson Reuters
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Data Fusion Market, By Business Function
7 Data Fusion Market, By Component
8 Market By Deployment Model
9 Market By Organization Size
10 Data Fusion Market, By Industry
11 Data Fusion Market, By Region
12 Competitive Landscape
13 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/pb7dfw/global_15_92?w=4