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Data Pipeline Tools Market Size, Share & Trends Analysis Report By Component, By Type, By Deployment, By Enterprise Size, By Application, By End-user By Region And Segment Forecasts, 2022 - 2030

ReportLinker
·3-min read
ReportLinker
ReportLinker

Data Pipeline Tools Market Size, Share & Trends Analysis Report By Component, By Type, By Deployment, By Enterprise Size, By Application, By End-user By Region, And Segment Forecasts, 2022 - 2030.

New York, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Data Pipeline Tools Market Size, Share & Trends Analysis Report By Component, By Type, By Deployment, By Enterprise Size, By Application, By End-user By Region And Segment Forecasts, 2022 - 2030" - https://www.reportlinker.com/p06423464/?utm_source=GNW

Data Pipeline Tools Market Growth & Trends

The global data pipeline tools market size is anticipated to reach USD 48.3 billion by 2030, registering a CAGR of 24.5% from 2023 to 2030. The increasing adoption of various technologies, such as AI-based applications, the Internet of Things (IoT), cloud computing, and initiatives for ultra-low latency are expected to create growth opportunities for data pipeline tools and services globally. According to the IBM Global Adoption AI Index 2022 report, 35.0% of the firms reported that they have been using AI in their business operations.

The COVID-19 outbreak had a positive impact on the data pipeline tools market.One of the factors that can be attributed to the growth in the usage of data pipeline tools can be the implementation of the Internet of Things (IoT).

It involves collecting large volumes of unstructured data through sensors which are transformed and transferred with the help of data pipelines to databases for analysis and presentation on the dashboard.

There are various use cases of the Internet of Things (IoT) in the healthcare industry; for instance, South African Gauteng health services, introduced an electronic Bed Management System (eBMS) to track bed availability across various facilities.The IoT sensors installed in the beds provided medical employees the opportunity to instantly determine the availability of the beds using cloud-based technologies.

Moreover, the electronic Bed Management System (eBMS) also helped in a significant reduction of wait time resulting in quick access to emergency rooms and other medical facilities.

Data Pipeline Tools Market Report Highlights
• In terms of component, tools dominated the market with a share of 78.3% in 2021. The growth of this segment is attributed to the increase in initiatives taken by key industry players. For instance, in March 2022, K2View announced the launch of its Data Product Platform to build, deliver, and manage data products at a vast scale in real-time
• In terms of type, the ETL data pipeline segment dominated the market with a share of 39.5% in 2021. The increasing demand from businesses to enhance their productivity is fueling the growth of this segment
• In terms of deployment, the cloud segment dominated the market with a share of 70.5% in 2021. In 2021, Cybersecurity Ventures estimated that by 2025 more than 100 zettabytes of data would be stored in the cloud
• In terms of enterprise size, small and medium enterprises are expected to register the highest CAGR of over 25.4% owing to the increasing adoption of cloud computing services
• In terms of application, the real-time analytics segment dominated the market with a share of 22.4% in 2021
• In terms of end users, the healthcare sector witnessed the highest CAGR of 27.5% during the forecast period of 2030
• The market was dominated by the North America region with a share of 34.5% in 2021; the rise in IoT investments is one of the key reasons driving the market in the region
Read the full report: https://www.reportlinker.com/p06423464/?utm_source=GNW

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