IMARC Group, a leading market research company, has recently releases a report titled “Data Catalog Market Report 2023: Industry Insights By Growth, Size, Share and Analysis Forecast till 2028.” The study provides a detailed analysis of the industry, including the global data catalog market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the data catalog market?
The global data catalog market size reached US$ 770.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,630 Million by 2028, exhibiting a growth rate (CAGR) of 21.6% during 2023-2028.
What is a data catalog?
A data catalog is a comprehensive system comprising metadata, data management tools, and search functionalities, designed to empower analysts and data users in their effortless search for specific data. Essentially, it serves as a repository of available data, offering vital information to assess data accuracy for intended purposes. In the era of big data and self-service business intelligence (BI), data catalogs stand out as the primary method for effective metadata management. These catalogs focus on datasets, linking them with various relevant information, thus providing valuable insights to individuals working with data.
Moreover, data catalogs play a pivotal role in enhancing data analysis while significantly reducing the risk of operational errors. This enhanced functionality has led to a growing global demand for data catalogs.
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What are the growth prospects and trends in the data catalog industry?
Currently, the market is experiencing a surge in demand for data catalogs due to their ability to enhance data efficiency and context. This factor is a significant positive influence on the market. Additionally, the market is being driven by the increasing adoption of cloud computing, which aims to delegate routine tasks and enhance operational efficiency. Moreover, the market is benefiting from the widespread use of data catalogs to reduce operational costs and achieve greater scalability, resulting in a favorable market outlook.
Furthermore, the market is witnessing growth due to the expanding use of data catalogs by e-commerce brands. These brands are leveraging data catalogs to interpret vast amounts of data, formulate effective business strategies, and make critical business decisions, thus contributing significantly to the market’s expansion.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component:
· Solution
· Services
Breakup by Deployment Mode:
· On-premises
· Cloud-based
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:
· BFSI
· Retail and E-Commerce
· Manufacturing
· Government and Defense
· Energy and Utilities
· IT and Telecom
· Education
· Healthcare
· Others
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
Who are the key players operating in the industry?
The report covers the major market players including:
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.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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