Data Catalog Market Size & Share, Growth Forecasts 2035

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Data Catalog Market size is estimated to reach USD 120 billion by the end of 2035, growing at a CAGR of 33% during the forecast period i.e., 2023 – 2035. In the year 2022, the industry size of the data catalog was USD 2 billion. The growth of this market can be attributed to the proliferation of innovative and exclusive data sets influencing the demand for data catalogs among consumers, businesses, and end-user industries that ensure fresh perspectives and insights to offer productivity and future results. According to statistics, over 55% of the businesses looked at have begun using data to increase productivity, about 47% to provide customer service, and about 45% to forecast future events.

The numerous benefits of cloud deployment are driving a lot of interest in data catalog solutions that are cloud-based. These benefits include lower operational costs, simple installations, and increased network resource scalability. Additionally, they increase real-time analysis users' working flexibility and streamline real-time deployment. The makers of cloud data catalog solutions include TIBCO Software, AWS, and IBM.

Data Catalog Sector: Growth Drivers and Challenges

Growth Drivers

Increasing Use to Enhance Employee Productivity and Quality of Life – In order to become data-driven companies are intending on introducing such technologies that can help employees to get access to the data more faster and easily. As per a report, an employee spends 70% of his time finding data and 30% of time utilizing it. Therefore, a data catalog helps by not requiring them to do one task repetitively and enables a central source of data for everyone.
Increasing Integration of Self-Service Analytics – Companies can monitor their data by easily creating reports, self-service analytics can be easily possible with the help of data catalogs. Furthermore, the growing need for smart business tools, real-time accessibility of data, escalating automation technology, and reduced infrastructure cost are a few significant factors driving the growth of the data catalog market in the expected timeframe.
Drives Data Discovery and Assists in Data Governance – A group of standards, rules, and regulations that ensures proper reliability, accuracy, and consistency of data is known as data governance. As it can also be used for digital transformation driving corporate work, and informed decisions. Daily a large amount of data is generated in every company and it becomes challenging for employees to gather significant information from those data. This large amount of data also puts limitations on management and data governance. In this case, a data catalog can help in speeding up the search for notable data and monitoring inside an organization.

Challenges

Data Diversity and Complexity – Modern organizations deal with a wide variety of data types, formats, and sources. The diversity and complexities pose limitations to creating a unified data catalog that can effectively organize and manage all the different types of data.
Data Security Concerns Associated
Data Quality Might Get Effected

Data Catalog Segmentation

Component (Solutions, Services)

The solution segment in the data catalog market is set to account for the largest revenue share of 52% during the time period between 2023 – 2035. The integrated solution results in increased individual productivity, better data quality, the removal of data silos & duplication, and easier data discovery. The main elements that offer appealing chances for the expansion of data catalog solution components are the development of self-analytic data and the growing importance of data in the new-age company. For instance, as per a report, the amount of data/information that was generated, recorded, duplicated, and used worldwide in the last year was 79 Zettabytes, and it is anticipated to grow throughout the projection period.

End User (Retail & E-commerce, IT & Telecom, Banking & Finance, Manufacturing, Healthcare)

The IT & Telecom segment is predicted to witness the highest CAGR by the end of 2035. The growth of this segment can be attributed to the increasing use of network metadata in this sector. Through, maintaining a record of every connection inside the present network architecture, including routers, firewalls, switches, and network brokers, network metadata gives detailed information about network communications. Network metadata is flexible and may provide comprehensive network surveillance as an analyzer captures packet data, sorts, processes, and indexes it with statistics and charts on network traffic, use, capacity, and program performance.

Our in-depth analysis of the global market includes the following segments:

Component	Solutions Services
Deployment	On-premises Cloud
End User	Retail & E-commerce IT & Telecom Banking & Finance Manufacturing Healthcare

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Data Catalog Landscape - Regional Synopsis

North American Market Analysis

The data catalog market in the North America region is projected to register for the largest share of 33% by the end of the assessment period. With the increasing penetration of business intelligence tools in the region, the demand for data catalogs in the North American region is expected to rise in the future. In terms of business intelligence (BI) managed services breakthroughs, research, and development (R&D), & technical developments made the region the biggest leader in the market. One of the key strategies utilized by market participants is the launching of new products. They are given vast volumes of data, yet BI tools are required to build a high degree of competence and create successful solutions. Due to this demand, BI tools are among the most significant consumers in the market.

APAC Market Statistics

In the Asia Pacific region, the market is assumed to grow significantly during the forecast time period. The rapid development of mobile and web applications in the APAC region is also being driven by a growing number of individuals who are using applications for their everyday tasks is also booming the data catalog market expansion in the region. Consumers in APAC account for 64% of global app downloads. This means that globally, there are two-thirds of all app downloads in the region.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the data catalog market?

Ans: The growing adoption of self-service analytics and used to enhance employee productivity are some of the major factors anticipated to drive the growth of the data catalog market.

2) What would be the CAGR of the data catalog market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~33% over the forecast period, i.e., 2023 â€“ 2035.

3) Who are the major players dominating the data catalog market?

Ans: The major players in the market are Microsoft Corporation, Alation Inc., Amazon Web Service Inc., TIBCO Software Inc., Alteryx Inc., Datawatch Corporation, Collibra NV, and others.

4) Which segment captures the largest market size in components in the data catalog market?

Ans: The solutions segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

5) Which region will provide more business opportunities for the growth of the data catalog market in the future?

Ans: The market in North America is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

Base Year	2022
Forecast Year	2023 – 2035
CAGR	~33%
Base Year Market Size (2022)	~USD 2 billion
Forecast Year Market Size (2035)	~USD 120 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Data Catalog Market Size & Share by Component (Solutions, Services); Deployment (On-premises, Cloud); End User (Retail & E-commerce, IT & Telecom, Banking & Finance, Manufacturing, Healthcare) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035