The latest research study “Data Catalog Market Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global data catalog market reached a value of US$ 611.2 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2,309.4 Million by 2027 exhibiting a CAGR of 23.70% during 2022-2027.
Industry Overview and Application :
A data catalog is an inventory solution that is used to store several data assets, including web pages, databases, tables, and output files, by various businesses. It also helps organizations search and manage vast volumes of data that is visible to the users. It is a necessary component of modern data management, which data users extensively utilize as a reference application while helping users to understand the data and search for information beneficial for the decision-making process. In recent years, data catalogs have been employed in manufacturing, e-commerce, healthcare sectors, and banking, financial services, and insurance (BFSI) to remove data silos and duplication and simplify data discovery.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Data Catalog Market Trends and Drivers:
The market is primarily driven by significant growth in the information technology (IT) industry. In addition, rapid digitization and the substantial rise in data generation has encouraged numerous organizations to invest actively in data catalog solutions, which is providing a thrust to market growth. Moreover, real-time availability of data, which helps reduce infrastructure costs and acquire business insights, represents another major growth-inducing factor.
Apart from this, continual technological advancements across the corporate segment are positively influencing market growth. For instance, the widespread incorporation of cloud-based technologies with data catalogs to aid in creating personalized data for data analysts, business analysts, and data scientists is augmenting product demand. Additionally, with the outbreak of coronavirus disease (COVID-19) across the globe, businesses are encouraged to opt for the work-from-home (WFH) option.
Along with this, constant improvements in the manufacturing and e-commerce industries, and increasing investments to conduct extensive research and development (R&D) activities are also anticipated to propel the market further.
|Data Catalog Market Report Scope|
|Market size value in 2021||US$ 611.2 Million|
|Market forecast in 2027||US$ 2,309.4 Million|
|Growth Rate||CAGR of 23.70% from 2022 to 2027|
|Base year for estimation||2021|
Global Data Catalog Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Alation Inc., Alteryx Inc., Amazon Web Services Inc. (Amazon.com Inc.), Collibra Inc., Hitachi Ltd., Informatica, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Tamr Inc., TIBCO Software Inc. and Zaloni Inc.
The report has segmented the market on the basis of region, component, deployment mode, organization size, data consumer and end use industry.
Breakup by Component:
Breakup by Deployment Mode:
Market Breakup by Organization Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by Data Consumer:
- Business Intelligence Tools
- Enterprise Applications
- Mobile and Web Applications
Breakup by End Use Industry:
- Retail and E-Commerce
- Government and Defense
- Energy and Utilities
- IT and Telecom
Market Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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