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The Global Data Catalog market was valued at USD 523.55 million in 2021 and is expected to reach a value of USD 1788.98 million by 2030, expanding at a CAGR of approximately 23.4% during the forecast year.
A data catalog is an organized inventory of data assets in an organization. Data Catalog uses metadata that helps organizations to manage their data, and also it helps the data professionals to collect, organize, access, and enrich metadata in order to support data discovery and governance.
A data Catalog acts as an inventory of available data which is intended for use. It also provides information for assessing a person’s fitness data. Data catalog is also useful for data management, search, merchandise, and reporting. It all relies on the core ability to collect metadata. Data catalog have become the standard for metadata management.
The data catalog firstly focuses on the records and connects them with a wealth of information to inform the people who work with the data. A modern data catalog has many features and functions that are dependent on the core capability of cataloging data, collecting the metadata which identifies as well as describes the inventory of shareable data.
Growth in the Global Data Catalog Market
The global data catalog market is mainly driven by significant growth in the information technology industry. Alongside, rapid digitization across numerous sectors and a considerable rise in data generation have also encouraged numerous organizations to invest heavily in the deployment of data catalogs solutions which boosts the market growth.
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However, the continuous technological advancements across the corporate segment has created a positive outlook for the market on the global level. For instance, the widespread integration of cloud-based technologies with the data catalog helps in developing personalized data for data analysts that has positively influenced the market’s growth worldwide.
The benefits of a data catalog on the data management became apparent when it was reflected on the importance of metadata and the capabilities which were created with comprehensive metadata. But, most importantly, it often has an impact on analytical activities.
The rising growth in the self-service analytics is also an important factor driving the growth of the global data catalog market. It can be easily performed using the data catalogs, where the end users can easily analyse the data by building their own reports.
Also, the growing demand for business intelligence tools, rising automation technology, real-time availability of data, reduction in cost of infrastructure, and gain in business insights, are the major factors that propels the growth of the data catalog market.
Has COVID-19 impacted the Market?
Yes, COVID-19 has an impact on the Market. Due to the COVID-19 disease worldwide, the companies encouraged numerous businesses to adapt the work-from-home approach that provided an impetus to the market growth. Other factors, such as, continuous improvements in the manufacturing and e-commerce sectors and increase in investments to conduct extensive research and development activities were driving the market growth during the pandemic.
But, the lack of standardization in data management and data security were the factors hampering the market growth. Also, a gush in the investment in the AI-enabled data catalog solutions and a rise in automation technology can create significant opportunities in the Data Catalog Market.
Regional Outlook of the Market
On the basis of region, the global data catalog market is segmented into North America, Europe, Asia Pacific, and the Rest of the world. The North American region has the largest number of shares in the market due to the increase in adoption of advanced technology in countries, such as the US and Canada that has changed Data Catalog Markets, globally.
Also, the Asia Pacific is the fastest-growing region because of the increase in infrastructure development and propelling growth of data from all industries, which is the factor that boosts the growth of the Data Catalog Market.
Major Market Key Players
Every market has its significant market players that helps in driving the growth of the market. Some of the major players, include, IBM, Datawatch, Microsoft, Collibra, Informatica, Alteryx, Alation, TIBCO Software, AWS, and Waterline Data.
On the basis of Component
On the basis of Deployment
On the basis of End users
Retail And Ecommerce
• Government And Defense
• Telecom And IT
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