Data Catalog Market: 2018 Global Industry Share, Size, Key Players, Trends, Competitive And Regional Forecast To 2023

Market Highlights

Increasing adoption of cloud technologies, IoT, etc. has opened new channels of growth for the market players. The product facilitates the simplification of the complex IT infrastructure of an organization. This, in turn, is presumed to drive the growth rate of the data catalog market during the projection period. On the flip side, the lack of standardization observed in data management is anticipated to impede the growth rate of the data catalog market over the assessment period.

Data catalogs are used for the efficient management of metadata and simplification of data discovery. The exponential growth in the generation of data by the end-user enterprises is likely to lead the demand for data catalog over the next couple of years. This observation presented by Market Research Future (MRFR) unveils that the global data catalog market is expected to register 24.8% CAGR across the review period 2018 to 2023. Also, the valuation of the market is poised to surpass USD 770 Mn by 2023.

Top Impacting Factors

The data catalog market size is also anticipated to inflate owing to the ever-increasing volumes of data. The rising number of IoT, cloud apps and digital transformation of processes exponentially has increased the data to make it available. Therefore, the need for data catalog solutions also increased and gave a thrust to the market to expand at a faster rate. In the case of point, Informatica introduced a data catalog enabled with machine learning that automatically scans data assets across the enterprise, catalogs it, and indexes assets for enterprise-wide discovery.

The boom in the global data catalog market is due to features such as the rapidly changing data catalog market in the world. The rising acceptance of self-service and data propagation analytics are also some of the essential factors fuelling market growth at a rapid pace. Even the growing demand for the adoption of Bi tools has emerged to bring significant opportunities in the market during the forecast period.

A few of the other driving factors for the global data catalog market are mounting demand for rising automation technology and real-time availability of data, business intelligence tools, reduced cost of infrastructure, and gaining business insights. In fact, the ever-increasing number of cloud apps, the digital transformation of processes, is surging the amount of data available exponentially, thus propelling the need for the data catalog solution.

In spite of these factors, other factors have revealed as growth hinders, and those are data security, lack of standardization in data management, and privacy. These factors can impact the growth of the global data catalog market negatively.

Top Market Contenders

The top market contenders of data catalog market are listed as Informatica (US), IBM (US), Collibra (Belgium), Amazon Web Services (US), Alation (US), Waterline Data (US), TIBCO Software (US) Microsoft (US), Alteryx (US), Datawatch Corporation (US), and Tamr (US), Zaloni (US), and more. These players keep innovating and investing in research and development to present a cost-effective product portfolio. Mergers and acquisitions among various players are altering the market structure.

Regional Framework

This MRFR study presents a detailed geographical evaluation of the global data catalog market based on key regions, which are - North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). These regions are then narrowed down to a country-level basis for an in-depth study. North America is one of the most prominent regional segments of the global market. The region is expected to observe the rapid adoption of developed technologies by both SMEs and large organizations. It is anticipated to lead the expansion of the data catalog market in the region over the next couple of years. Asia Pacific is also expected to witness rapid growth. The data catalog market in the region is projected to strike the highest CAGR across the projection period. Increasing application of the product in different industry domains is projected to prompt market growth in the foreseeable future.

Segmentation:

From the viewpoint of segmental analysis, the global data catalog market is studied among the segments of component, deployment, consumer type, organization size, and vertical.

Depending on the component segment, the market has included solutions and services. Among these, the solution has included a standalone solution and an integrated solution. Moreover, services have included professional services and managed services.

Depending on the deployment segment, the market has included on-premise and on Cloud.

Depending on consumer type, the market has included enterprise applications, business intelligence tools, and mobile and web applications.

Depending on organization size, the market has included small and medium enterprises and large enterprises.

Depending on the vertical segment, the market has included IT & telecom, BFSI, healthcare, government, retail, and others.

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