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.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023 – 2035 |
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CAGR |
~33% |
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Base Year Market Size (2022) |
~USD 2 billion |
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Forecast Year Market Size (2035) |
~USD 120 billion |
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Regional Scope |
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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:
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Component |
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Deployment |
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End User |
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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.
Author Credits: Abhishek Verma, Hetal Singh
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