Data
Catalog Market Size, Industry Share Forecast to 2027

The global Data Catalog Market size is expected to grow from USD 0.7 billion in 2022 to USD
1.8 billion in 2027, at a Compound Annual Growth Rate (CAGR) of 22.0% during
the forecast period, according to MarketsandMarkets™
.The major factors driving the growth of the data
catalog market include the shift toward digital transformation, increasing
adoption of cloud-based solutions.

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Based on component,
the solution segment is projected to hold the largest market size during the
forecast period

Data catalog
solutions play a vital role in many successful and large organizations, as many
companies need to locate appropriate data for analysis. While accessing the
data from various data sources, companies fall prey to heavy penalties because
of non-compliance or exploitation of confidential information of customers or
their clients through data breaching or by not adhering to compliance norms.
Implementation of data catalog solutions would help organizations easily
discover, tag, curate, and prepare data sources, thereby saving cost and time
and providing a great value proposition for organizations and their clients in
the long run. Data catalog solutions are increasingly being adopted by
organizations to efficiently manage the growing volume of data to enhance
productivity and maintain business continuity. The proliferation of data has
led vendors, such as IBM, Microsoft, Oracle, and Informatica, to develop and
design catalog solutions.

Based on deployment,
the On-premises segment is projected to hold the largest market size during the
forecast period

On-premises
deployment of data catalog solutions enables organizations with significant
improvements for data validation, standardization, and robust matching, as the
deployment is done locally and with complete monitoring. By using on-premises
data catalog solutions, different users can have access to the required data
sets stored at multiple locations inside the organization and integrate them to
facilitate the business processes, as per their requirements, through a
centralized interface. Leading vendors, such as Informatica and Microsoft, offer
on-premises solutions.

Based on data
consumer, the Business intelligence tools segment is expected to hold the
highest market size during the forecast period

Business
intelligence combines business analytics, data mining, data visualization, data
tools and infrastructure, and best practices to help organizations make more
data-driven decisions. Data catalogs enable effective analytics for business
intelligence teams by centralizing dashboards and automating the reporting
process. The adoption of BI is rising, as enterprises need a statistical
modeling technique to receive assistance for making various business-related
decisions. BI tools, such as R and Hadoop, require deep technical expertise for
developing and maintaining data models, algorithms, and queries. To gain a deep
level of expertise, BI tools are fed with large volumes of data, which would be
used to provide useful outputs. Due to this requirement, BI tools are
considered one of the largest data consumers in the data catalog market.

APAC is expected to
grow at a higher CAGR during the forecast period

The Asia Pacific is
expected to register the highest CAGR in the data catalog market during the
forecast period, due to its growing technology adoption. Thus, businesses in
the region have quickly identified the benefits of cloud technology as a
facilitator of digital transformation. The region has a great scope for growth
in the data catalog market. It is focused on innovating and developing BI
solutions that utilize data catalog technology in various verticals, such as
telecom and IT, transportation, and BFSI. Japan, China, and India use data
catalog tools and platforms across different business verticals to provide
effective solutions. The rapid development of the data catalog market in the
Asia Pacific region can be attributed to the massive data growth in all
industries across the region.

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Key Market Players

Major vendors
operating in the data catalog market include IBM (US), Microsoft (US), TIBCO
Software (US), Collibra (Belgium), Alation (US), Oracle (US), Google (US),
Informatica (US), Alteryx (US), Zaloni (US), Cloudera (US), Talend (US),
Ataccama (Canada), Quest software (Acquired Erwin), Tamr (US), Denodo (US),
Tableau (US), AWS (US), Cambridge Semantics (US), Octopai (Israel), Alex
Solutions (Australia), Immuta (US), Data.World (US), Solidatus (UK), Atlan
(Singapore), Stemma (US), Castor (US), and Zeenea (France)

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