|Amazon Web Services (US)|
|Waterline Data (US)|
|TIBCO Software (US)|
|Datawatch Corporation (US)|
|Market Driving Forces|
|Access huge quantities of data gathered from heterogeneous sources|
|Provide the location of a data set.|
According to the latest research report, In terms of revenue, the data catalog market size is estimated to reach roughly USD 3.1 Billion by the end of the year 2030, rising at a compound annual growth rate (CAGR) of 24.1% during the forecast timeframe of 2022-2030. In a virtual environment where data can be found anywhere, a data catalog is a useful tool in the field of information systems and should not be overlooked. Using a data catalog, a user may discover the necessary data sources, comprehend the sources of data that have been discovered, and aid the company in gaining greater value from its investment accounts. Data catalogs are becoming more popular. It helps to overcome the barrier between information technology and other companies, enabling everybody to share their thoughts and knowledge. Additionally, by enabling users to cooperate in a new self platform, the data catalog helps to assure information quality and information management. Furthermore, it offers information on corporate principles and best practises that are related to data management. The It steward or Chief Data Manager may specify this data, which can then be shared by analysts and used to guarantee that data is as accurate as possible.
Due to the obvious ever-increasing amount of data, the industry for data catalogs is likely to rise in the coming years. The growing number of cloud-based applications, the Internet of Things, and digitalization of business processes have drastically increased the amount of data accessible, hence increasing the need for a data catalog solution. Examples include Informatica's new data catalog, which is powered by machine learning and continuously scans data resources throughout the company, organizes them, and indexes these assets to allow an enterprise-wide search of such assets. Furthermore, a shortage of uniformity in data processing, data protection, and security may pose a barrier to the market's expansion in the near future.
This report contains all the information on the global data catalog market research and its strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors.
Covid 19 Analysis:Due to the obvious Covid-19 epidemic, there has been a considerable increase in the demand for different solutions that assist organizations in data analytics, as well as a good trend in acceptance of these solutions. Working remotely and cloud computing are becoming more popular throughout the world, which has increased the need for solutions that assist to improve the security and simplicity of doing business online.
Market Dynamic:Drivers:A catalog is a kind of informational directory that contains information on data sets, files, and databases that have been created. It provides the location of a data set, as well as some additional information about the kind of device upon which the file is saved, among other things. Main drivers propelling the market growth include the need to access huge quantities of data gathered from heterogeneous sources in order to get a unified picture of data for improved decision-making processes, the generation of enormous amounts of information, and the increasing usage of self-service analytics.
Opportunities:Moreover, it is projected that an increase in investment in artificial intelligence-enabled data catalog solutions, as well as an increase in automation technologies, would generate significant potential in the data catalog industry.
Restraints:The lack of uniformity in data management, as well as worries about security and privacy issues, may have an impact on the development of the data catalogue business in the future. When access to sensitive data, it is necessary to take into consideration preset rules and regulations. The absence of standard legislation and requirements at the global level, on the other hand, may result in a slowing of the market's development pace.
Challenges:According to Risk based safety, a threat intelligence organisation, there has been a dramatic increase in the number of data breaches that have happened in 2019. There were 3,183 incidents during the first 6 months of 2019, revealing over 4.1 billion records. As a result, the growing worries about data security are predicted to impede the development of the data catalog market over the projected period 2020-2025, according to the research.
Cumulative Growth Analysis:According to a survey conducted by Sisense in the year 2021, around 55 percent of the organizations analyzed have begun to utilize data to increase productivity, approximately 47 percent to provide customer service, and approximately 45 percent to forecast future events, respectively. Small firms are more concerned with efficiency than larger corporations, which are more concerned with cost reduction. As a result, the industry is seeing an increase in the demand for data catalog market growth.
Value Chain Analysis:According to the reports, the global data catalog market is segmented on the basis of component, deployment, consumer type, organization size, verticals, and region. The industry is divided into two categories based on the component: Solution and Services. The solution is further subdivided into two categories: Standalone Solution and Integrated Solution. Services are further subdivided into two categories: Professional Services and Managed Services. The market is split into two types of deployments: on-premises and in the cloud. The market is categorized based on consumer-type into three categories: enterprise applications, business intelligence tools, and mobile and web applications. The market is divided into two categories based on the size of the organisation: small and medium-sized companies (SMEs) and large enterprises (LG). The market is split by vertical into healthcare, retail, BFSI, IT & telecommunication, government, and other sectors.
Data Catalog Market Segmentation Overview:The market is segmented on the basis of component, deployment, consumer type, organization size, verticals, and region. The global data catalog market trend is expected to witness decent growth during the forecast period.
By Application:Based on the application, the market is segmented into enterprise applications, business intelligence tools, and mobile and web applications.
By End-users:Based on the propulsion types, the market is segmented into healthcare, retail, BFSI, IT & telecommunication, government, and other sectors.
Data Catalog Market Regional Analysis:An examination of the data catalog market is conducted on a global scale across regions such as North America, Europe, Asia Pacific and the rest of the globe. North America is estimated to lead the data catalog demand over the forecast period, owing to the rising use of digital strategic planning in the region, which has resulted in many enterprises migrating towards new and updated solutions. Another factor contributing to the market's expansion is the existence of large data catalog solutions and services in North America. The region with the largest compound annual growth rate (CAGR) is predicted to be Asia Pacific, owing to rising use of automation and greater demand for visualization tools. Asian markets are gaining pace due to the growth of numerous sectors, including production and healthcare. Other businesses that are developing momentum include banking and financial activities and insurance.
Competitive Landscape:Due to the obvious existence of multiple large competitors throughout the world, the Data Catalog Market companies are likely to become more fragmented in the coming years. Mergers and acquisitions, Collaboration, and partnerships are among the sophisticated methods being used by industry competitors in order to gain a major portion of the worldwide market.
Recent Developments:September 2020 - Zaloni Inc. established a strategic relationship with MongoDB, a firm that deals with a contemporary general-purpose database platform (also known as MongoDB). The cooperation makes use of Zaloni's Arena platform to ease and secure the data transfer from MongoDM's on-premises systems to MongoDM Atlas, a cloud-based database system. MongoDB will benefit from the relationship in the form of simpler migration, centralized administration and governance, a collaborative data catalog, and self-service access to its data.
Data Catalog Market by Component:
By Deployment Mode:
Data Catalog Market by Data Consumer:
By Enterprise Size:
By End User:
|Market Size||USD 3.1 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Component, Application|
|Geographies Covered||North America, Europe, Aisa Pacific|
|Key Vendors||IBM (US) Informatica (US) Amazon Web Services (US) Collibra (Belgium) Waterline Data (US) Alation (US) Microsoft (US) TIBCO Software (US) Datawatch Corporation (US) Alteryx (US) Zaloni (US) Tamr (US)|
|Key Market Opportunities||Increase in automation technologies, would generate significant potential in the data catalog industry.|
|Key Market Drivers||A catalog is a kind of informational directory that contains information on data sets, files, and databases that have been created.|
Microsoft (US), Alation (US), TIBCO Software (US), Alteryx (US), Zaloni (US), Datawatch Corporation (US), and Tamr (US) are the leaders in the market.
Retail, Government, and Healthcare are among a few of the demographics for the end-user base.
USD 3.1 Billion by 2030 is expected from the market in the approaching period.
The global regions of North America, APAC, and Europe are promoting the progress of the market.
A 24.1% CAGR is estimated to stimulate the market in the period of the forecast.