The data catalog global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Data Catalog Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The data catalog market size has grown strongly in recent years. It will grow from $0.89 billion in 2023 to $1.10 billion in 2024 at a compound annual growth rate (CAGR) of 24.6%. The growth in the historic period can be attributed to rise of big data, regulatory compliance requirements, data silos and fragmentation, shift to cloud computing, demand for self-service analytics.
The data catalog market size is expected to see strong growth in the next few years. It will grow to $2.67 billion in 2028 at a compound annual growth rate (CAGR) of 24.8%. The growth in the forecast period can be attributed to AI-driven metadata management, data governance and privacy enhancements, hybrid and multi-cloud data management, advanced data discovery and exploration. Major trends in the forecast period include data catalogs as a service (DCaaS), embedded data catalogs in analytics platforms, enhanced data collaboration features, data catalogs for dataOps and devOps integration, augmented data catalogs with natural language processing (NLP).
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Scope Of Data Catalog Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Data Catalog Market Overview
Market Drivers –
Increasing cybersecurity threats are expected to propel the growth of the data catalog market going forward. Cybersecurity threats refer to potential risks or dangers that arise from vulnerabilities in computer systems, networks, and digital infrastructure. The reasons for rising cybersecurity threats include the proliferation of IoT devices with limited security features, new attack vectors, lack of robust cybersecurity measures, such as firewalls, antivirus software, intrusion detection systems, encryption, and access controls. Data catalogs support compliance efforts with data protection regulations, such as GDPR, CCPA, HIPAA, and PCI DSS, by providing visibility into data usage, storage, and access patterns. Organizations can use data catalogs to demonstrate compliance with regulatory requirements, implement data retention policies, and monitor data access for audit purposes. For instance, in March 2023, according to a report published by the FBI’s Internet Crime Complaint Center (IC3), a US-based government, the IC3 received a total of 847,376 complaints in 2021, which is an increase compared to the previous year’s 791,790 complaints in 2020, the total data loss has grown from $6.9 billion in 2021 to more than $10.2 billion in 2022. Therefore, increasing cybersecurity threats are driving the growth of the data catalog market.
Market Trends –
Major companies operating in the continuous testing market are focused on introducing advanced continuous testing services, such as virtual mobile grid services, to gain a competitive edge in the market. A virtual mobile grid service is a cloud-based service that allows for testing mobile applications at scale by providing the ability to author, execute, and analyze tests across thousands of real and virtual devices. For instance, in October 2023, Tricentis GmbH, an Austria-based software testing company, launched the Virtual Mobile Grid service to its mobile application testing grid portfolio to make it simpler to test mobile applications at scale. This service provides solutions for mobile application testing that address various challenges faced by development teams in ensuring the quality and performance of mobile apps across different devices and platforms. It can also automatically create and run tests, streamlining the testing process and ensuring that tests are conducted efficiently before deployment in a production environment.
The data catalog market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment Mode: Cloud, On-Premise
3) By End-user Industry: Banking, Financial Services, and Insurance, Retail And E-commerce, Healthcare, Manufacturing, Other End-user Industries
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Regional Insights –
North America was the largest region in the data catalog market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data catalog market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the data catalog market are Microsoft Corporation, Amazon Web Services Inc., International Business Machines Corporation, Oracle Corporation, Hitachi Vantara Corporation, Tableau Software LLC, Informatica LLC, TIBCO Software Inc., Alterynx Inc., Unifi Software Inc., QlikTech International AB, Altair Engineering Inc., Boomi Inc., Precisely Inc., Talend Inc., Alation Inc., Datawatch Corporation, Tamr Inc., BigID Inc., Zaloni Inc., Atlan Pte. Ltd. , Collibra Inc., Okera Inc., Apache Software Foundation, Waterline Data Inc.
Table of Contents
1. Executive Summary
2. Data Catalog Market Report Structure
3. Data Catalog Market Trends And Strategies
4. Data Catalog Market – Macro Economic Scenario
5. Data Catalog Market Size And Growth
…..
27. Data Catalog Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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