Data Catalog Market is forecast to reach $994.51 million by 2025, after growing at a CAGR of 22.57% during 2020-2025. With rise in the adoption of self-service analytics, the Data Catalog market is witnessing an increase in demand, as data catalog is a collection of metadata, combined with data management and search tools, thereby helping the analysts and other data users to find the data for intended uses.
Deployment Model – Segment Analysis
Cloud based deployment model is analyzed to hold highest market share and is also analyzed to exhibit highest growth rate during the forecast period owing to the wide deployment of cloud based models and adoption of automation in various industries. Moreover the deployment of cloud based data catalog supports the democratization of data and creates personalized data for intensive data users thereby benefitting the enterprise-wide sharing.
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Enterprise – Segment Analysis
Large Enterprises are analyzed to hold highest market share in 2018, and is analyzed to grow at highest rate owing to the wide range of adoption of data catalog by these enterprises. The large scale enterprises usually store a large volume of structured and unstructured data which requires quick access from different storage sources, which is important to gain better insights for making business-related decisions. Hence the data catalog play a crucial role in the large scale enterprises thereby contributing to the growth of the market. However, small and medium sized enterprises are analyzed to grow at significant rate during the forecast period 2020-2025.
Geography – Segment Analysis
North America dominated the Data Catalog market, followed by APAC and Europe. The major share of North America is mainly due to the high adoption of digital technology and rising demand for business intelligence tools by the major companies in this region. APAC is also analysed to grow at a significant rate during the forecast period. The factor contributing to the growth rate in this region is the rapid expansion of the traditional enterprises and massive data generation from all industries along with adoption of self-service analytics.
Drivers – Data Catalog Market
Growth in adoption of self-service analytics
Self-service analytics can be easily performed using the data catalogs, end users can easily analyze their data by building their own reports. Furthermore, the growing demand for business intelligence tools, rising automation technology and real-time availability of data, reduced cost of infrastructure and gaining business insights, are the major factors propelling the growth of the data catalog market.
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Challenges – Data Catalog Market
Data Security and privacy concerns
There has been a significant rise in the number of data breaches occurred during 2019, accounting to 3,183 breaches during the first six months of 2019 thereby exposing over 4.1bn records as stated by Risk based security, a threat intelligence firm. Therefore the increasing concerns for the data security is analyzed to hamper the growth of data catalog market during the forecast period 2020-2025.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Data Catalog market. In 2018, the market of Data Catalog has been consolidated by the top players including IBM, Waterline Data, Informatica, Amazon Web Services, Collibra, Alation, Microsoft, TIBCO Software, Alteryx, Datawatch Corporation, Zaloni, and Tamr., among others.
In Dec, 2019, Informatics has launched new solutions that include AI-driven catalog of catalogs, data marketplace and data quality cloud.
In June, 2019, Waterline Data, has announced the release of its latest Enterprise Data Catalog for Faster Discovery of Sensitive Data.
North America dominates the Data Catalog market owing to increasing adoption of digital technology in the region.
Cloud based data catalog is analyzed to highest market share alongside the highest growth rate during the forecast period, owing to the high cloud deployment owing to their widespread applications in all the industries.
The advancement of self-analytics data and escalation of data globally, are the key driving factors for the growth of the data catalog market.
Related Reports :
A. Data Management Platform Market
B. Sensor Data Analytics Market
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