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“The data catalog market is projected to grow at a CAGR of 24.2% during the forecast period”
The data catalog market size is expected to grow from USD 210.0 million in 2017 to USD 620.0 million by 2022, at a Compound Annual Growth Rate (CAGR) of 24.2% during the forecast period. The generation of large volumes of data is a major factor driving the growth of the data catalog market. To formulate business strategies, organizations need to access right data residing within large volumes of heterogeneous data sources to gain business insights and to enhance the decision-making process. To achieve efficiency across business processes, enterprises need to design and layout a plan of action. This can be done by properly implementing data catalog solutions into operations.
Lack of standardization in data management and data security and privacy concerns are expected to be major restraints for the growth of data catalog market. A predefined set of rules and regulations needs to be considered, while accessing the data. However, emerging economies are witnessing slow digitalization growth. It results in a slow growth rate of the data catalog market in those regions.
“Managed Service segment is expected to grow at a highest CAGR during the forecast period”
The services in the data catalog market include professional services and managed services. The managed services provide all the needed skillsets useful for maintaining and upgrading software, which is a must throughout the data catalog ecosystem. Managed service providers take care of all the software functions, while organizations are only responsible for updating and installing the business applications and configuring the company policies.
“Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period”
APAC is expected to grow at the highest CAGR in the global data catalog market during the forecast period. Rapid expansion of domestic enterprises, massive growth of data generation from all industries in the region, increasing adoption of self-service analytics, and higher development of infrastructure are driving the data catalog market across end-user segments. North America is expected to hold the largest market size during the forecast period.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people.
- By Company Type – Tier 1 - 20%, Tier 2 - 45%, and Tier 3 - 35%
- By Designation – C-level - 48%, Director-level - 37%, and Others - 15%
- By Region – North America - 22%, Europe - 45%, APAC - 26%, and the Rest of the World (RoW) - 7%
Major vendors in the global data catalog market are IBM (US), Informatica (US), Amazon Web Services (US), Alteryx (US), Collibra (Belgium), Alation (US), Microsoft (US), TIBCO Software (US), Datawatch Corporation (US), Waterline Data (US), Zaloni (US), and Tamr (US).
The data catalog market has been segmented on the basis of components (solution and service), solution (standalone solution and integrated solution), service (professional and managed), deployment modes, data consumers, enterprise sizes, end users, and regions. The data catalog solutions help initial public offering/venture capitalists/angel investors; IT directors and consultants; BFSI, healthcare, retail, manufacturing, and government organizations to improve business operations, enhance decision–making, and reduce costs. The deployment modes in the data catalog market are cloud and on-premises. Data consumers are segmented into Business Intelligence (BI) tools, enterprise applications, and mobile and web applications. The data catalog market by enterprise size is segmented as large enterprises and Small and Medium-sized Enterprises (SMEs). The end-users segment includes BFSI, manufacturing, healthcare, retail and ecommerce, research and academia, media and entertainment, telecom and IT, government and defense, and others (transportation and oil and gas). On the basis of regions, the data catalog market is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.
The report will help the market leaders and new entrants in the data catalog market in the following ways:
- The report segments the market into various subsegments, hence it covers the market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and subsegments. The market numbers are further split into different application areas and regions.
- The report helps in understanding the overall growth of the market. It provides information on the key market drivers, restraints, challenges, and opportunities.
- The report helps in understanding competitors better and gaining more insights to strengthen the organization’s position in the market.
- The study also presents the positioning of the key players based on their product offerings and business strategies.