Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.56 Billion | USD 3.40 Billion | 3.2% | 2023 |
According to Zion Market Research, the global Data Catalog Market was worth USD 2.56 Billion in 2023. The market is forecast to reach USD 3.40 Billion by 2032, growing at a compound annual growth rate (CAGR) of 3.2% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Data Catalog industry over the next decade.
Data catalog is a metadata collection that is integrated with data management & search tools. It assists the analysts and other users of the data as well as serve as inventory of the data that is available. Furthermore, data catalog enhances productivity with the help of behavioral intelligence & machine learning techniques, improves data understanding, and helps in locating exact data. Apart from this, data cataloguing is utilized for enhancing the data analysis quality and reduces the waiting time for the users.
Growing need for improving the decision making process of the firm through constant data interaction will drive the market trends. In addition to this, massive demand for accessing real-time data updates will further prompt the market landscape over the forecasting timeline. Apart from this, escalating requirement for broad community participation and necessity of guiding end-users with most authentic data will boost the market earnings in the years ahead. Additionally, demand for data mining, data science, & data analytics in various industries will unleash a large pool of growth opportunities for data catalogue market over the forthcoming years.
Furthermore, need for accessing as well as generating huge data volumes along with rise in the acceptance of self-service analytics are predicted to embellish the business growth over the estimated timeline. Apparently, data catalogue ensures smooth & effective data governance and facilitates the end-user interaction with self-service technologies like ATM machines. Thriving IoT sector, digitation of physical processes, and acceptance of cloud computing systems in various industries will propel the market demand. Nevertheless, lack of standardization witnessed in the data management activities and possibility of data breach can have lasting repercussions on the market growth prospects in the near future. It can even prove to be detrimental to the industry in the coming years. However, massive use of AI and machine learning tools can flush out new growth opportunities for the business over the years ahead and can offset the market hindrances.
North America To Establish Market Domination Over 2024 – 2032
The growth of the market in the region over the forecast timeline is due to humungous presence of major participants such as Informatica, Alation, Datawatch Corporation, IBM, Microsoft, and TIBCO Software in the region. In addition, massive penetration of smartphones in countries like the U.S. and Canada will further contribute towards the regional market revenue over the estimated timeline. Additionally, rise in the use of internet solutions coupled with escalating awareness among the end-users pertaining to scalability of data and cost reduction as well as huge data storage capacity & data apprehension will elevate the scope of the regional market sphere in the foreseeable future. Massive use of self-service analytics in the developed economies such as U.S. and Canada will further enhance the regional market growth in the coming decade.
Report Attributes | Report Details |
---|---|
Report Name | Data Catalog Market |
Market Size in 2023 | USD 2.56 Billion |
Market Forecast in 2032 | USD 3.40 Billion |
Growth Rate | CAGR of 3.2% |
Number of Pages | 110 |
Key Companies Covered | TIBCO Software, IBM, Tamr, Alteryx, Collibra, Informatica, Amazon Web Services, Datawatch Corporation, Alation, Waterline Data, Microsoft, and Zaloni |
Segments Covered | By Component, By Deployment, By Consumer Type, By Vertical And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Key players leveraging the market expansion include
By component:
By Region
FrequentlyAsked Questions
Growing need for improving the decision making process of the firm through constant data interaction will drive the market trends. In addition to this, massive demand for accessing real-time data updates will further prompt the market landscape over the forecasting timeline. Apart from this, escalating requirement for broad community participation and necessity of guiding end-users with most authentic data will boost the market earnings in the years ahead. Additionally, demand for data mining, data science, & data analytics in various industries will unleash a large pool of growth opportunities for data catalogue market over the forthcoming years.
According to Zion Market Research, the global Data Catalog Market was worth USD 2.56 Billion in 2023. The market is forecast to reach USD 3.40 Billion by 2032, growing at a compound annual growth rate (CAGR) of 3.2% during the forecast period 2024-2032.
North America is likely to make noteworthy contributions towards overall market revenue in the upcoming timeframe. The growth of the market in the region during the time interval from 2020 to 2026 can be attributed to rise in the use of internet solutions coupled with escalating awareness among the end-users pertaining to scalability of data and cost reduction as well as huge data storage capacity & data apprehension. Apart from this, massive utilization of self-service analytics solutions in the developed economies such as U.S. and Canada will further trigger the regional market growth in the coming decade.
The key players profiled in the report include IBM, Collibra, Amazon Web Services, Alation, Waterline Data, TIBCO Software, Informatica, Microsoft, Alteryx, Datawatch Corporation, Tamr, and Zaloni.
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