Massive growth in the big data and requirement of data classification and instant availability of co-related data sets.
The Global Data Catalog Market is forecast to reach USD 5.46 Billion by 2027. The growing importance of understanding the big data and fostering enterprise-wide data to turn it into a meaningful insight so that actionable steps can be taken on time to sustain a competitive landscape. Companies now widely prefer data catalog to synthesize and organize their enterprise data from multiple sources into one simple and easy format for quick digestion and leverage their every particular set of organization data as an asset. Quick self-search of data, short meaningful descriptions of metadata, advanced look-up with handful suggestions of relevant data assets, precise & trustworthy data selection by strictly eliminating the redundant and needless values, and an automation on the classification of data making it highly protective from being exposed are the important characteristics of data cataloging that make it highly demanded by many end-use verticals.
According to technological experts, data growth will be enormous as the time moves past and the digital transformation keeps taking place. In this scenario, proper governance of the valuable data, and cataloging for the instant availability with standardized data management & enhanced security could provide the organizations with massive potential growth and profitability and help stand out of the competition. Industry experts are very much optimistic about the tremendous usability of the data catalogs in many business verticals and forecasts sizable growth of the investment firms who participated in fund raising for many data catalog organizations.
Key participants include IBM, TIBCO Software Inc., Informatica, Amazon Web Services, Microsoft Corporation, Alteryx, Collibra NV, Alation Inc., Datawatch Corporation, Waterline Data, Inc., among others.
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For the purpose of this study, Reports and Data have segmented the Data Catalog market on the basis of data consumer, deployment mode, component, end-use verticals, and region:
Data Consumer Outlook (Revenue, USD Million; 2019-2027)
Deployment Mode Outlook (Revenue, USD Million; 2019-2027)
Component Outlook (Revenue, USD Million; 2019-2027)
Organization Size Outlook (Revenue, USD Million; 2019-2027)
End-Use Verticals Outlook (Revenue, USD Million; 2019-2027)
Regional Outlook (Revenue, USD Million; 2019-2027)
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