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Data Catalog Market Top Companies Study - Alation, Inc., Alteryx, Inc., Ataccama Corporation, Cloudera, Inc., Collibra NV.
Data Catalog Market
According to the latest research by InsightAce Analytic, the Global Data Catalog Market is valued at US$ 0.8 Billion in 2023, and it is expected to reach US$ 4.4 Billion by 2031, with a CAGR of 22.7% during the forecast period of 2024-2031.
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Data catalogues make it easier to find, understand, and use data for analytics and decision-making by centralizing, documenting, and providing access to an organization's data assets. Factors propelling the market's growth include the IT sector's meteoric development, the industrial and e-commerce industries' remarkable progress, the exponential pace of data proliferation, the increasing popularity of self-service analytics, and the substantial investments businesses make in data catalog solutions based on artificial intelligence. In addition, data catalogs were popular because they helped enterprises manage diversity and size in massive datasets, which was made easier with the rise of cloud-based solutions and big data technology. Moreover, data catalog software was especially popular in sectors where decisions are based on large amounts of data, like BFSI, technology, retail, healthcare, manufacturing, and others. Because companies need to effectively manage, access, and use their information in light of the ever-increasing volume of data, the demand for efficient data management is on the rise across all types of enterprises. Data catalogues facilitate the simplification of data findings, which in turn enhances operational efficiency and decision-making capabilities, which is growing market demand in the coming years.
List of Prominent Players in the Data Catalog Market:
• Alation, Inc.
• Alteryx, Inc.
• Ataccama Corporation (Ataccama ONE)
• Cloudera, Inc.
• Collibra NV
• Google LLC
• International Business Machines Corporation (IBM)
• Informatica LLC
• Microsoft Corporation
• Oracle Corporation
• Talend, Inc.
• Tibco Software Inc.
• Zaloni, Inc.
• Denodo Technologies, Inc.
• Tableau Software, LLC (a Salesforce Company)
• Amazon Web Services, Inc. (AWS)
• Cambridge Semantics Inc.
• Erwin, Inc. (by Quest Software)
• Tamr, Inc.
• Data.World, Inc.
• Alex Solutions Pty Ltd
• Octopai Ltd.
• Immuta, Inc.
• Solidatus Ltd.
• Zeenea
• Atlan Pte. Ltd.
• Stemma Technologies, Inc.
• Castor EDC, Inc.
• Other Prominent Players
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Market Dynamics:
Drivers-
The growing demand for the data catalog market is fueled by the rising importance of data-driven decision-making, regulatory compliance, and data quality, which drives the industry. Additionally, this market expansion is being propelled by the increasing complexity of enterprise data and the widespread use of cloud, big data, and IoT technologies. Moreover, strict regulations are necessary for self-service analytics, data discovery, and data security, all factors in growing market demand. The rising significance of data quality and metadata management, with the increasing number of use cases in AI and ML, are further factors driving market expansion.
Challenges:
A major obstacle to the data catalog is the high installation and maintenance costs, complicated integration with current systems, and limited scalability, which are some of the constraints of the data catalog market. Further impeding market expansion are problems with data quality and non-standardization. Further obstacles include data security worries and low user adoption. Another factor limiting the market's growth is the constant demand for data upgrades and the shortage of qualified data management and cataloging personnel. Data catalog systems are not widely used because these challenges slow market growth.
Regional Trends:
The North American data catalog market is expected to record a large market revenue share. It is anticipated to grow at a high CAGR in the near future because of the rising popularity of cloud computing, heavy involvement of tech companies, a strong need for data-driven decision-making, a rise in investments in data management, and major players in the industry. Besides, Europe region had a significant share in the market due to strict adherence to data privacy standards, the widespread use of cutting-edge technology, and the intensification of digital transformation initiatives in various sectors in this area.
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Recent Developments:
• In June 2024, IBM Knowledge Catalog 5.0 included enhanced visualization tools and newly available generative AI functionalities to improve productivity. Throughout 2023, they emphasized providing value to clients seeking IBM Knowledge Catalog, particularly those well-acquainted with IBM InfoSphere Information Governance Catalog and Information Analyzer, along with a suite of data migration utilities for these clients. Clients that opted to transition are already completing their migration to IBM Knowledge Catalog.
Segmentation of Data Catalog Market-
By Components-
• Solution
• Services
o Profession Services
Support and Maintenance Services
Consulting Services
Deployment and Integration Services
o Managed Services
By Deployment Model-
• Cloud
• On-Premise
By Data Consumer-
• Business Intelligence Tools
o Data Integration And ETL
o Reporting And Visualization
o Query And Analysis
• Enterprise Applications
o Enterprise Resource Planning (ERP)
o Supply Chain Management System
• Mobile & Web Application
o Heat Map Analytics
o Web Behavioral Analysis
o Marketing Automation
By Metadata Type-
• Business
• Technical
By Organization Size-
• Small & Medium Enterprise
• Large Enterprise
By Verticals-
• Manufacturing
• Healthcare & Life Science
• BFSI
• Transportation & Logistics
• Retail & E-commerce
• Media & Entertainment
• Government & Defense
• Telecom
• ITES
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
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