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Data discovery market flourishing to hit $10.66 billion to 2021 scrutinized in new research

IT Market Research

The data discovery market by software type is estimated to grow with the largest market share during the forecast period. Data discovery software is being used in various verticals and have various applications. The software filters the aggregated and enriched data, so that it can be analyzed to provide a high throughput from multiple input data sources.

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The data discovery ecosystem comprises vendors, such as Tableau Software, Inc. (U.S.), Datawatch Corporation (U.S.), Datameer, Inc. (U.S.), TIBCO Software Inc. (U.S.), SAP SE (Germany), Cloudera, Inc. (U.S.), Birst, Inc. (U.S.), ClearStory Data (U.S.), Platfora (U.S.), Oracle Corporation (U.S.), MicroStrategy Inc. (U.S.), and Qlik Technologies, Inc. (U.S.).

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The data discovery market by software type is estimated to grow with the largest market share during the forecast period. Data discovery software is being used in various verticals and have various applications.

The software filters the aggregated and enriched data, so that it can be analyzed to provide a high throughput from multiple input data sources.

Other stakeholders of the data discovery market include system integrators, Value-Added Resellers (VARs), service providers & distributors, analytics consulting companies, cloud BI platform vendors, data discovery vendors, system integrators, Information Technology (IT) service providers, consulting service providers, managed service providers, market research & consulting firms, and cloud service providers.

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The target audience of the data discovery market report is given below:

  1. Service providers and distributors
  2. Data discovery application builders
  3. Independent Software Vendors (ISVs)
  4. Analytics consulting companies
  5. Enterprises
  6. End-users

North America holds the largest market share in 2016 and the trend is expected to continue in the coming years. The data discovery market is showing strong positive trends in the region as several companies and industries are adopting data discovery software at various levels, as a part of their strategy to strive in the market and increase their productivity.

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Based on the data analyzed, organizations could generate business-related insights and plan the next steps accordingly, as soon as the data arrives. Data discovery software is also being used for asset & liability management, budgetary control management, general ledger management, payables & receivables management, and profitability management.

By Deployment Model

  1. On-premises
  2. Hosted

By Organization Size

  1. Small and Mid-Sized Businesses (SMBs)
  2. Large enterprises
  3. By Industry Vertical

Banking, Financial Services, and Insurance (BFSI)

  1. Telecommunications and IT
  2. Retail and ecommerce
  3. Healthcare and life sciences
  4. Manufacturing
  5. Government and defense
  6. Energy and utilities

The Asia-Pacific (APAC) market is expected to witness exponential growth and is projected to be the fastest-growing region for the global data discovery market. This is due to the rising demand for BI technologies, such as data discovery software and services.

Data discovery software is also being used for asset & liability management, budgetary control management, general ledger management, payables & receivables management, and profitability management.

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