Data Catalog Market Professional Survey and In-Depth Analysis Research Report Foresight to 2030
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Increasing data proliferation is one of the key factors driving market revenue growth
VANCOUVER, BC, CANADA, January 24, 2023 /EINPresswire.com/ -- 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 growth of the market. Due to numerous source systems or siloed data, use of data assets or their interpretation can frequently be inconsistent. By consolidating all information about data assets into a single platform, 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 to identify optimal data assets for 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. However, how effectively the data is acquired will depend on the system's capacity for data collecting. Data catalog tools may be quite expensive because this method requires a team of people to perform the interview. Time-consuming responsibilities include reporting, arranging, and transcription while online and offline survey responses might not always be accurate.
The latest market intelligence study, called “Global Data Catalog Market Forecast to 2030,” jots down some of the most prominent growth potentials of the global Data Catalog market. The report is primarily targeted at the industry stakeholders looking to capitalize on this report’s contents to make improved business decisions. The report is further intended to help the readers gain vital insights into the global market, particularly the prevailing growth opportunities and competitive scenario. The insightful data & information provided by this report are gathered from various primary and secondary sources.
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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.
In June 09, 2022, The Dutch company LeasePlan, which has operations all over the world, has been named winner of IDC's 2022 European Data Strategy & Innovation Awards in the category of Data Management Excellence, according to Denodo, the industry leader in data management.
The leading contenders in the global Data Catalog market are listed below:
Microsoft, Alteryx, Amazon Web Services, TIBCO Software, Zaloni, Informatica, Alation, Tamr, IBM, and Datawatch Corporation
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Emergen Research has segmented the data catalog market based on component, deployment mode, end-user, and region:
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
Regional Outlook of the Data Catalog Market
The global Data Catalog market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In this section, authors of the report have studied the presence of the global Data Catalog market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
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Key reasons to buy the Global Data Catalog Market report:
The latest report comprehensively studies the global Data Catalog market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products & services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
The report also provides an extensive analysis of the key market elements, such as drivers, constraints, opportunities, limitations, threats, and micro and macro-economic factors. The exhaustive SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis included in the report are intended to help the reader tactfully formulate business growth strategies. Strategic recommendations for the established market players assist them in fortifying their financial positions in the market.
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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Data Catalog Market Size Worth USD 5,033.9 Million in 2030
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