14-Oct-2020 | Zion Market Research
As per analysts at Zion Market Research, the global data catalog market size is expected to surge and reach USD 786.25 million by 2026, growing at a CAGR of over 25.8% during the forecastperiod 2020–2026. The data catalog is a service that allows the user to discover the needed data sources, recognize the explored data sources, and help the organization to attain more value from their existing investments. It links the gap amid IT and other businesses, facilitating everyone to put in their insights. The data catalog also helps in ensuring the data quality and data management by permitting the users to work together in a single self-service background. In addition, it includes business strategies and best practices interrelated with data. This data can be shared by analysts or specified by an IT steward or chief data officer to guarantee data accuracy.
Some of the major players in the market are Informatica, IBM, Collibra, Amazon Web Services, Alation, Waterline Data, TIBCO Software, Microsoft, Alteryx, Datawatch Corporation, Tamr, and Zaloni. The leading players keep investing and innovating in research & development to offer am affordable portfolio. The merger and acquisitions amongst various contenders are changing the dynamics of the market.
Surged Cloud Apps & Digital Transformation To Stimulate The Global Data Catalog Market
The global data catalog market is likely to grow owing to the constantly increasing volumes of data. The augmenting number of cloud apps, IoT (Internet of Things) and digital transformation of processes rapidly increased the data available, therefore the need for the data catalog solution also surged. Nevertheless, the lack of standardization in data security, data management, and privacy might impact the growth of the data catalog market.
The global data catalog market is bifurcated on the basis of component, deployment, consumer type, organization size, vertical, and regional analysis. Based on the component, the market is divided into solutions and services. The solution segment is subdivided into integrated solution and standalone solution. The services segment is subdivided into managed services and professional services. Based on the deployment, the market is divided into on cloud and on-premise. Based on the consumer type, the market is divided into enterprise applications, business intelligence tools, and mobile & web applications. Based on the organization size, the market is divided into large enterprises and SMEs. Based on the vertical, the market is divided into IT & telecom, BFSI, healthcare, government, retail, and others.
The North America Region Anticipated To Dominate The Global Data Catalog Market
Based on geographical analysis, the global data catalog market is divided into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa. North America is projected to dominate the data catalog market over the estimated period since several organizations are moving toward new and updated technologies with the surging adoption of digital business tactics. The incidence of major solution suppliers of data catalog across the North America region is also compelling the expansion of the data catalog market.
Browse the full “Data Catalog Market - By Component (Solutions and Services), By Deployment (On Cloud and On-Premise), By Consumer Type (Enterprise Applications, Business Intelligence Tools, and Mobile & Web Applications), By Organization Size (Large Enterprises and SMEs), By Vertical (IT & Telecom, BFSI, Healthcare, Government, Retail, and Others), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/data-catalog-market
The global data catalog market is segmented as follows:
By consumer type:
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