Integrated solution segment is expected to grow at the highest CAGR in the global data catalog market during the forecast period
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Many enterprises store large volumes of structured and unstructured data at internal as well as external systems; a quick access to the data stored at disparate sources has become important to gain better insights for making business-related decisions. To achieve these benefits, enterprises are deploying integrated solutions that provide various benefits to the data users with a single solution.
Benefits include improved data quality, optimization of individual productivity, eradication of data duplication and silos, and simplified data discovery.
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The Business Intelligence (BI) tools segment is expected to hold the largest market size during the forecast period
The demand for data consumers is growing with the evolution of data catalog technology.
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BI tools, in particular, are expected to grow at the highest CAGR during the forecast period. Solutions offered by vendors need to be integrated to avail industry’s best practices for data catalog solutions.
The market for BI tools is expected to hold largest market size owing to the increasing need for deployment of data catalog solutions either in the cloud or on-premises.
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North America is expected to hold the largest market share during the forecast period
North America is the most competitive and rapidly changing data catalog market in the world. The region has witnessed high adoption of data catalog solutions, due to the increasing demand for BI tools and higher adoption of digital technologies.
The US and Canada are projected to extensively implement data catalog solutions. Hence, North America is expected to hold the largest market size in the global data catalog market during the forecast period.
Major vendors in the global data catalog market are IBM (US), Informatica (US), Amazon Web Services (US), Alteryx (US), Collibra (Belgium), Alation (US), Microsoft (US), TIBCO Software (US), Datawatch Corporation (US), Waterline Data (US), Zaloni (US), and Tamr (US).
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