According to our latest study on "Data Mesh Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis - by Solution, Deployment, Application, and Industry Vertical," the data mesh market size was valued at US$ 1.28 billion in 2023 and is expected to reach US$ 4.27 billion by 2031; it is estimated to record a CAGR of 16.3% from 2023 to 2031.

The data mesh market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America dominated the market in 2023, followed by Europe and APAC, respectively. The Europe data mesh market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. In terms of revenue, Germany dominated the data mesh market share. The introduction of data mesh by Thoughtworks has brought about a fundamental shift in the way enterprises capture, deliver, and utilize data. Thoughtworks has a strong presence in Germany. Currently, the organization integrates modern software engineering, domain ownership, and product thinking to assist businesses in expediting insight delivery, optimizing the value derived from their data, and perpetually adapting to change. This approach applies regardless of whether organizations choose to embrace all four foundational principles of data mesh or opt for a more selective adoption. These four principles of data mesh include domain ownership, data as a product, self-service data platforms, and federated computational governance.

In 2022, the Italian Cybersecurity Association (CLUSIT) reported that the Postal and Communications Police (CNAIPIC) managed ~13,000 significant cyberattacks, which was over twice the figure recorded in 2021. CNAIPIC mostly becomes active after the detection of malware attacks, especially ransomware attacks, phishing, distributed denial-of-service (DDoS) attacks, and advanced persistent threat (APT) campaigns. Additionally, there were more than 113,000 security alerts involving IT services of institutions, critical IT infrastructures of national interest, sensitive infrastructure of regional interest, and banks, as well as huge companies operating in communications, defense, and other strategic sectors. Italy's cybersecurity landscape highlights the importance of adopting advanced techniques such as data mesh to enhance the resilience of IT services, critical infrastructures, and sensitive regional infrastructure against cyber threats. As Italy continues to face a surge in cyberattacks, the adoption of data mesh can provide a distributed and scalable approach to data management, enabling better security and governance of data across various sectors and institutions.

Key Findings of Data Mesh Market Study:

The data mesh market is segmented on the basis of solution, deployment, application, industry vertical. In terms of industry vertical, the market is divided into BFSI, IT and telecom, healthcare, retail and e-commerce, government and utilities, and others. The BFSI segment held the largest share in the data mesh market in 2023. Centralized data management platforms lack the compliance to meet evolving business agility requirements. The lack of data governance and metadata management further hinders business innovation. BFSI firms can tackle these challenges through the adoption of a data mesh architecture that envisions a paradigm shift for data platforms. Instead of a central data platform, interconnected business domain-centric data platforms are created that provide a framework for establishing true ownership and governance of data. When implemented effectively, data mesh can transform the management and approach of financial institution's data. A successful data mesh implementation can lead to many benefits for banks, such as heightened scalability, boosted agility, and increased overall resilience. In the IT and telecom sectors, the adoption of data mesh can significantly enhance data management and analytics capabilities. IT and telecom industry are focusing on transforming into data-driven organization to make informed decisions. With the data mesh solutions, IT and telecom players are beginning to transfer data to the industry experts who create meaningful data products within a decentralized governance framework. As telecom networks evolve, especially with the advent of technologies, such as 5G, the volume of data generated increases exponentially. Data mesh provides a more scalable solution compared to traditional data lakes, enabling real-time analytics and better handling of large datasets. Therefore, the demand for data mesh solutions is increasing in the IT and telecom industry.

SAP SE, Microsoft Corp, Alphabet Inc, Oracle Corp, International Business Machines Corp , Amazon.com Inc, Dremio Corp, QlikTech International AB, Confluent Inc, Hitachi Vantara Corp, Snowflake Inc, K2view Ltd, Denodo Technologies, Inc, Informatica Corp, Estuary Technologies, Inc., Databricks Inc, Cisco Systems Inc, TIBCO Software Inc., Autodesk Inc, and Adobe Inc. are among the key players profiled in the data mesh market report. Several other major players were studied and analyzed during the data mesh market analysis to get a holistic view of the market and its ecosystem. The data mesh market also provides detailed market insights, which help the key players strategize their growth. The report includes growth prospects owing to the current data mesh market trends and their foreseeable impact during the forecast period.

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