PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550755
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550755
The Global Data Catalog Market is estimated to be valued at US$ 2.03 Bn in 2024 and is expected to reach US$ 7.92 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 21.5% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 2.03 Bn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 21.50% | 2031 Value Projection: | US$ 7.92 Bn |
The global data catalog market has been witnessing significant growth in the recent years driven by increasing volume and variety of enterprise data. Data catalog provides a unified view of organizational data assets, their relationships and business contexts to help data consumers and governance teams more easily discover, understand and use critical data across the enterprise. With organizations investing heavily in digital transformation and generating unprecedented volume of data from various sources, there is a growing need to centrally index and catalogue this data for easy management and accessibility. Data catalog solutions help organizations achieve this by providing a single source of truth about enterprise data which is important for improving data governance, accelerating data-driven decision making and maximizing value from analytics initiatives.
The global data catalog market growth is primarily driven by growing volume and variety of enterprise data from various sources which has created a need for centralized data cataloging to improve data governance, accessibility and usage. Increasing adoption of cloud-based technologies and growing investments in digital transformation initiatives are also propelling more organizations to adopt advanced data catalog solutions. However, data integration challenges associated with disparate data sources and lack of skilled professionals pose a challenge to market growth. Emerging technologies such as AI and machine learning are opening up new opportunities by enabling advanced capabilities in the data catalogs like automatic cataloging of metadata and recommendations for data discovery. Integration of data catalogs with BI and analytics tools is another key area witnessing innovation.
This report provides in-depth analysis of the global data catalog market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global data catalog market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Alation, Alteryx, Amazon Web Services (AWS), Collibra, Cloudera, Datawatch Corporation, Google LLC, IBM Corporation, Informatica, Microsoft Corporation, Oracle Corporation, TIBCO Software, Waterline Data, Zaloni, and Exasol
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global data catalog market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global data catalog market