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Market Size – USD 590 Million in 2021, Market Growth – at a CAGR of 27.1%, Market Trends – Rising demand for business intelligence tools
VANCOUVER, BRITISH COLUMBIA, CANADA, May 8, 2023 /EINPresswire.com/ — Data Catalog Market Forecast to 2030
The data catalog market is a rapidly growing segment within the overall data management space. A data catalog is a centralized inventory of all data assets within an organization, which provides a comprehensive view of the data landscape. The market for data catalogs has seen a surge in demand due to the increasing importance of data as a strategic asset for businesses.
The data catalog market size was USD 590 million in 2021 and is expected to register a revenue CAGR of 27.1% during the forecast period, according to the latest analysis by Emergen Research. Increasing data proliferation and rising demand for business intelligence tools are key factors driving the growth of the market. Due to numerous source systems or siloed data, the use of data assets or their interpretation can frequently be inconsistent. By consolidating all information about data assets into a single platform, the creation of a data catalog can reduce discrepancies, and ongoing management will keep it coordinated and consistent. When a data catalog is automated, it can grow and update automatically, requiring less administrative help. The problem is identifying optimal data assets for the work at hand because most organizations have an abundance of data, making it easy to find a data asset to use for analytics or reporting. Good data catalogs should include usage statistics as well as user ratings and reviews to facilitate decision-making.
The rise of big data and analytics has led to an explosion in the amount of data being generated, stored, and used by organizations. This has made it increasingly difficult for businesses to manage their data effectively and efficiently. Data catalogs address this challenge by providing a comprehensive view of all data assets within an organization, making it easier to find, understand, and use data.
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The global Data Catalog market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Data Catalog industry is witnessing an expansion and change of dynamics owing to the entry of several new players.
The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
Microsoft, Alteryx, Amazon Web Services, TIBCO Software, Zaloni, Informatica, Alation, Tamr, IBM, and Datawatch Corporation
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Some Key Highlights From the Report
The solutions segment is expected to register a significant market revenue growth. Data catalog solutions address important issues with data management. Even when they are aware of datasets they control, organizations usually lack information on which are more and less trustworthy. A data lake can occasionally resemble a data swamp depending on the situation.
The cloud segment is expected to register a steady growth rate during the forecast period. The cloud deployment method segment holds a substantial market share because end-users in the data catalog market have access to comprehensive and adaptable solutions through cloud-based solutions. It offers features such as large storage capacities, improved data security, scalability, cost savings, and efficient data storage.
The banking and finance segment is expected to register a significant growth rate during the forecast period. Banking and financial industries were among the first industries to use data categorization. The financial analysis uses statistical techniques to pinpoint financial issues. Financial data catalog integrates historical econometrics techniques with technology components of information science. In addition, employment of Machine Learning (ML), prescriptive analytics, and predictive modeling in financial details offers good chances for understanding financial data and fixing related issues.
The North America market is expected to register a considerable growth rate. Inventions are given special attention in the U.S. and Canada. These nations have most vibrant and most competitive data catalog markets anywhere in the globe. Due to accelerated rate of infrastructure development and massive increase of data from all industry verticals, North America is regarded as one of the most promising regions for growth.
Market Overview:
The report bifurcates the Data Catalog market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
Deployment Mode Outlook (Revenue, USD Million; 2019–2030)
Cloud
On-Premise
End-User Outlook (Revenue, USD Million; 2019–2030)
Retail & E-commerce
Banking & Finance
IT & Telecom
Others
Regional Outlook (Revenue, USD Million; 2019–2030)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa
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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.
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