Data Catalog Market size to grow by USD 1.38 billion from 2023 to 2028, Growth Driven by Rising Demand for Self-service Analytics- Technavio
NEW YORK, Jan. 9, 2024 /PRNewswire/ -- The "data catalog market by component (solutions and services), deployment (cloud and on-premises), and geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2024-2028" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the data catalog market between 2023 and 2028 is USD 1.38 billion.
Rising demand for self-service analytics is the key factor driving market growth. This growth is influenced by factors like Data Discovery, Data Governance, Data Lineage, and Data Classification, all integral components of Metadata Management. Furthermore, the demand for Data Integration, Data Quality, and effective Data Stewardship accentuates this trend, emphasizing the significant role of Data Assets. This confluence of factors highlights the market's growth, driven primarily by the quest for self-service analytics.
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Market Trend
The Data Catalog Market is witnessing a notable trend driven by the emergence of data mesh architecture, significantly influencing its market growth. This trend correlates with Data Collaboration, Data Security, and Data Profiling, integral aspects of Cataloging Tools and Data Curation. Moreover, the trend aligns with advanced Data Management strategies involving Data Virtualization, Business Glossary, and efficient Data Synchronization. The evolution of Data Lifecycle practices, alongside innovations in Data Warehouse technologies, highlights a substantial impact of the data mesh architecture on market dynamics.
Market Challenge
Concerns associated with maintaining catalog accuracy over time are a significant challenge restricting market growth. This challenge intertwines with Master Data Management (MDM), Schema Management, and Data Dictionary precision, crucial for robust Cloud Data Catalog performance. Furthermore, maintaining accuracy impacts Data Access, Data Storage, and Search and Discovery functionalities, impacting the efficacy of Big Data Catalog operations. Addressing this challenge becomes imperative amid the demand for reliable Self-Service Data Discovery amidst evolving Data Analytics landscapes.
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The data catalog market is segmented by Component (Solutions and Services), Deployment (Cloud and On-premises), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).
-- The market share growth by the solutions segment will be significant
during the forecast period. Data catalog solutions are integral to
modern data management and analytics ecosystems, addressing challenges
in data discovery, governance, collaboration, and overall data lifecycle
management. They enhance efficiency by enabling users to easily search
and discover relevant datasets for analytical or reporting needs,
promoting data reuse and facilitating the identification of the most
suitable datasets. Additionally, these solutions automate the extraction
and updating of metadata from various sources, databases, and files,
ensuring the data catalog remains current, minimizing manual efforts,
and reflecting real-time changes in data sources.
-- North America is estimated to contribute 39% to the growth of the global
market during the forecast period.
View the Free Sample Report for insights into the contribution of all the segments and regional opportunities in the report.
Key Companies in the Data Catalog Market:
Alation Inc., Alex Solutions Pty Ltd , Alphabet Inc., Alteryx Inc., The Apache Software Foundation, Atlan Pte. Ltd., Collibra., Denodo Technologies Inc., Hitachi Vantara LLC, Immuta Inc., Informatica Inc., International Business Machines Corp., Microsoft Corp., Octopai, Oracle Corp., Precisely, Solidatus, Talend Inc, Zaloni Inc., and Tableau Software LLC
Related Reports:
The Master Data Management (MDM) Solutions Market size is estimated to grow at a CAGR of 16.72% between 2023 and 2028. The market size is forecast to increase by USD 20.29 billion.
The Data Preparation Tools Market size is estimated to grow at a CAGR of 22.9% between 2022 and 2027. The market size is forecast to increase by USD 6,659.71 million.
Data Catalog Market Scope
Report Coverage
Details
Base year 2023
Historic period
2018-2022
Forecast period
2024-2028
Growth momentum & CAGR Accelerate at a CAGR of 20.78%
Market growth 2024-2028
USD 1.38 billion
Market structure
Fragmented
YoY growth 2022-2023 (%) 19.32
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution North America at 39%
Key countries
US, China, India, UK, and Germany
Competitive landscape
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled Alation Inc., Alex Solutions Pty Ltd , Alphabet Inc., Alteryx Inc., The Apache Software Foundation, Atlan
Pte. Ltd., Collibra., Denodo Technologies Inc., Hitachi Vantara LLC, Immuta Inc., Informatica Inc.,
International Business Machines Corp., Microsoft Corp., Octopai, Oracle Corp., Precisely, Solidatus,
Talend Inc, Zaloni Inc., and Tableau Software LLC
Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment
analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis
for the forecast period.
Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and
get segments customized.
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Component
Market Segmentation by Deployment
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com
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