Data Catalog Market 2018: Industry Overview, Driving Factors, Segments, Regional Analysis and Competitive Analysis – Forecast to 2023
(firmenpresse) - Market Highlights
According to Market Research Future (MRFR), the global data catalog market is poised to touch a valuation of USD 770 MN by 2023. In its recently published analysis, MRFR also confirms that the market would register a whopping CAGR over 24 % throughout the review period (2018 – 2023).
The data catalog is a service that allows its end-users (organization) to review the required data sources and aid in understanding to achieve more value from their existing investments. Offering a native and extensible architecture, the data catalog solution gathers the data from on-premise and or on- cloud data lake. It then, profiles and classifies the data to provide search-based access to the users allowing them to utilize it as and when required. In the digital world, a huge amount of data gets accumulated every minute; data catalog bridges the gap between the IT and other businesses and allows everyone to contribute their insights, acting as information architecture. Data catalog solution also ensures the data quality and data governance, enabling users to collaborate in a single self-service environment, which, as a result, allow these solutions to garner colossal prominence and uptake. Resultantly, the data catalog market is garnering significant traction on the global platform.
Simultaneously, increasing volumes of business data, usages of external data sources, regulatory pressure, and the rising need for improvement in the performance of data, are some of the key factors driving the growth of the market. Moreover, factors such as the ever-increasing volumes of data, an increasing number of cloud apps, IoT, and increasing digitization are substantiating the market growth.
Conversely, the lack of standardization in data management, data security, and privacy some of the factors impeding the market growth. Nevertheless, the increasing demand for data catalog solutions in big data and the evolving artificial intelligence (AI) in the field are expected to boost the growth of the data catalog market over the estimated period (2018-2023).
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Regional Analysis:
North America is projected to retain its lead over the global data catalog market throughout the forecast period. The huge expansion of data and the stringent regulatory compliances related to the data, and the widening adoption of the internet of things (IoT), are some of the key factors impacting the growth of the market, positively.
Additionally, factors such as the substantial investments in cloud-based solutions, early adoption of emerging technologies, and the presence of a number of players in this region are substantiating the growth of the market. The shifting focus of an increasing number of organizations towards the adoption of digital business strategies alongside, the advancements in other supporting technologies is fostering the regional market growth.
The data catalog market in the Asia Pacific region has emerged as a lucrative market globally. Factors such as the augmenting demand for the digitization and increasing awareness about new technological solutions are propelling the regional market. Moreover, the stringent data related regulatory compliances and the rising adoption of automation and demand for visualization tools are pushing up the growth of the APAC market.
Segmentation:
The report segments the market into six key dynamics to widen the scope of understanding,
By Component: Solutions (Integrated Solution and Standalone Solution) and Services (Managed Services and Professional Services).
By Consumer Type: Enterprise Applications, Business Intelligence Tool, and Mobile & Web Applications, among others.
By Deployment: On-cloud and On-premise.
By Organization Size: Small & Medium Enterprises (SMEs) and Large Enterprises.
By Vertical: IT & telecom, BFSI, Government, Retail, Healthcare, and others.
By Regions: North America, Asia Pacific, Europe, and the Rest-of-the-World.
Competitive Dashboard:
Highly competitive, the data catalog market demonstrates high growth prospect that intensifies the market competition, attracting several new entrants to the market. The market appears fragmented led by several large and small players. Agreement & partnership, product launch, expansion, and acquisition remain the popular key strategies of these players to gain a competitive advantage in the market.
Major Players
Players leading the data catalog market include Informatica (US), Amazon Web Services (US), IBM (US), Waterline Data (US), Alation (US), Collibra (Belgium), TIBCO Software (US), Datawatch Corporation (US), Microsoft (US), Zaloni (US), Alteryx (US), and Tamr (US), among others.
Industry/Innovation/Related News:
June 18, 2019 --- Zaloni, Inc. (the US), a provider of data lake management software, launched its new data catalog solution - Active Data Hub. This new cataloging solution is built into the zaloni’s main data platform. It offers more passive data catalog products that enable users to interact with the data from a curated catalog that hosts the data from many sources. The tool Active Data Hub also allows organizations to launch the solution with a single line of business.
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Unternehmensinformation / Kurzprofil:
Datum: 25.08.2020 - 12:19 Uhr
Sprache: Deutsch
News-ID 618502
Anzahl Zeichen: 5682
contact information:
Contact person: Ehtesham Peerzade
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Phone: 16282580071
Kategorie:
Business News
Typ of Press Release: Financial
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