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The data catalog market size is projected to increase by USD 1.38 billion at a CAGR of 20.78% between 2023 and 2028. The market is witnessing significant growth driven by factors such as the escalating demand for self-service analytics capabilities. With the exponential increase in both the volume and complexity of data, organizations are increasingly adopting data catalog solutions to efficiently manage and organize their data assets. Additionally, the integration of information catalog platforms with advanced analytics tools and machine learning algorithms enhances data discovery and governance, further fueling the market expansion. This research and growth report also includes key drivers, trends, and challenges during the forecasted period.
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The market is experiencing robust growth, propelled by various factors such as the exponential rise of e-commerce platforms and the increasing adoption of compact solutions for data management. Industry leaders like Informatica are pioneering the development of advanced solutions that encompass technical and business metadata, catering to diverse deployment needs including on-premises and cloud-based solutions. With the proliferation of enterprise applications and the growing importance of data governance, businesses across sectors including IT, telecom, Banking, financial services, and insurance (BFSI), and retail are leveraging these platforms to address privacy risks and enhance data security in the era of IoT and digital transformation.
The market is experiencing robust growth fueled by the proliferation of data lakes, data warehouses, and cloud object storage. Organizations across sectors like BFSI, healthcare, and retail are leveraging solutions from industry leaders like Compact Solutions and Informatica to manage vast amounts of data effectively. With features like technical and business metadata management, data governance, and support for IoT data, data catalogs facilitate seamless integration with enterprise applications and business intelligence tools. Whether deployed on-premises or in the cloud, they ensure accessibility, security, and compliance, mitigating privacy risks associated with unstructured data and old document versions.
Rising demand for self-service analytics is the key factor driving market growth. Catalogs provide an intuitive and user-friendly interface that facilitates easy discovery and exploration of relevant datasets. It enables business users to intuitively discover and understand available datasets. This includes metadata, lineage, and contextual information, making it easier for users to identify the most relevant for their analyses. With self-service analytics, business users can perform tasks that traditionally require assistance from IT or data specialists.
Moreover, self-service analytics often involves ad-hoc analysis where users need to quickly explore data for specific questions or scenarios. Catalogs support ad-hoc analysis by providing a comprehensive view of available datasets and their characteristics. As organizations deal with increasingly complex landscapes, self-service analytics becomes a necessity. Hence, the rising demand for self-service analytics will drive market growth during the forecast period.
The rise of data mesh architecture is the primary trend shaping market growth. In a data mesh architecture, data ownership is decentralized, meaning that individual domains or business units are responsible for the data they produce. Data mesh promotes the creation of domain-oriented platforms, where each domain is responsible for its data products. Information mesh considers information as a product with well-defined interfaces and quality standards. Catalogs contribute to this concept by providing metadata, documentation, and quality metrics for each product, making it easier for users to evaluate and consume information as a product.
In addition, mesh emphasizes scalability and flexibility to accommodate the growing volume and complexity of data. Scalable and flexible solutions are essential for supporting the decentralized and scalable nature of data mesh deployments. Hence, the rise of architecture will impel the growth of the global market during the forecast period.
Addressing the challenge of sustaining catalog precision over time poses obstacles to market advancement. Data sources often undergo frequent alterations, such as schema adjustments, updates, or the inclusion of new components. Maintaining catalog accuracy necessitates prompt updates, ideally in real-time or near-real-time, to reflect these modifications accurately. Furthermore, seamless integration of alterations in structures, business regulations, or data governance protocols with change management procedures is imperative. Failure to integrate may lead to disparities between the catalog and the actual status.
Furthermore, preserving historical metadata and versioning proves crucial for comprehending information asset evolution. Difficulties may arise when managing versioned data or when tracing alterations over time. Consequently, the challenges linked to sustaining catalog accuracy over time are poised to hinder market growth in the forecasted period.
The market forecasts include the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market trends and analysis report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.
Customer Landscape
The component segment of the market encompasses various elements crucial for organizing and managing data effectively across different environments. Cloud object storage, data lakes, and data warehouses serve as foundational components for storing vast amounts of structured and unstructured data. NoSQL databases offer flexibility in handling unstructured data, while technical metadata provides essential information about the structure and attributes of datasets. Both on-premises and cloud deployments are available options, catering to diverse organizational needs. Business intelligence (BI) tools and Hadoop frameworks enable advanced analytics and processing of large datasets, facilitating informed decision-making. In sectors like Banking, Financial Services, and Insurance (BFSI), they are instrumental in managing sensitive data such as IoT data, email correspondences, and account information securely. Additionally, they help in tracking old versions of related documents, ensuring compliance and data integrity. In retail and eCommerce, they play a vital role in organizing product information, customer data, and transactional records, enhancing operational efficiency and customer experience.
The market share growth by the solutions segment will be significant during the forecast period. Information catalog solutions play a crucial role in modern management and analytics ecosystems. Solutions are used to address challenges related to discovery, governance, collaboration, and overall lifecycle management. Users can search and discover relevant datasets for their analytical or reporting needs, which improves efficiency by reducing the time spent searching for data, encourages reuse, and helps users find the most appropriate datasets for the tasks.
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The solutions segment showed a gradual increase in the market share of USD 311.88 million in 2018. Furthermore, information catalog solutions automatically extract and update metadata from diverse data sources, databases, and files, keep the information catalog up to date, reduce manual efforts, and ensure that changes in data-sources are reflected in the catalog in real time. Consequently, solutions are versatile tools that streamline management processes, empower users, and contribute to the overall effectiveness of an organization's information strategy, which will boost the growth of the solutions segment and drive the growth of the market during the forecast period.
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North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Organizations are placing increased importance on governance practices to ensure data quality, compliance, and security. Information catalogs play a vital role in implementing effective governance by providing a centralized repository for managing policies. The widespread adoption of cloud computing in North America is driving the demand for cloud-based solutions.
Furthermore, the incorporation of artificial intelligence (AI) and machine learning (ML) technologies enhances their capabilities. AI-driven features, such as automated metadata tagging and recommendations, contribute to the efficiency of management processes. Industries such as finance, healthcare, e-commerce, and technology in North America generate and process massive amounts of data. These data-intensive industries are keen on adopting advanced solutions to enhance their management capabilities. Thus, such factors will impel the growth of the market in North America during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
The market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing exponential growth driven by the proliferation of cloud object storage, data lakes, and data warehouses. With the rising prominence of NoSQL databases and the increasing integration of the Internet of Things (loT), businesses seek compact solutions to manage vast datasets. Technical metadata and business metadata play crucial roles in organizing information for efficient retrieval, whether deployed on-premises or in the cloud. Enterprises across various sectors, including IT telecom and the BFSI segment, leverage them to enhance business intelligence (BI) and leverage technologies like Hadoop. As data privacy concerns mount, robust solutions are imperative to mitigate data security and privacy risks in sectors like retail and eCommerce. Incorporating a robust business intelligence strategy, organizations leverage the tool solutions to effectively manage various metadata types and ensure comprehensive structured documentation. These solutions facilitate the creation of a detailed business glossary of terms, enabling clear understanding and interpretation of data assets across the organization.
The market is experiencing significant traction fueled by the exponential growth of unstructured data in diverse industries, notably Banking, Financial Services, and Insurance (BFSI). Organizations are increasingly adopting data catalog solutions for both on-premises deployment and cloud deployment to streamline operations across enterprise applications and the IoT (Internet of Things) landscape. These catalogs effectively manage various data sources, including email correspondences, account information, and old versions of related documents, while adhering to robust security frameworks to prevent data breaches. Features such as catalog management solutions, data citizens, and business glossaries empower users to create detailed descriptions, data profiles, and quality reports. Moreover, functionalities like chats, in-line annotations, and discussions facilitate seamless data sharing among a professional workforce with diverse technical skills.
The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2028
Market Scope |
|
Market Report Coverage |
Details |
Page number |
155 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 20.78% |
Market Growth 2024-2028 |
USD 1.38 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
19.32 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 39% |
Key countries |
US, China, India, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Alation Inc., Alex Solutions Pty Ltd , Alphabet Inc., Alteryx Inc., The Apache Software Foundation, Atlan Pte. Ltd., Collibra., Denodo Technologies Inc., Hitachi Vantara LLC, Immuta Inc., Informatica Inc., International Business Machines Corp., Microsoft Corp., Octopai, Oracle Corp., Precisely, Solidatus, Talend Inc, Zaloni Inc., and Tableau Software LLC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our market growth analysis has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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