Global Data Catalog Market To Reach $ 1.1 Billion By 2026
FACTS AT A GLANCE
Editing: 9; Posted: January 2021
Management commitments: 12483
Companies: 42 – Players covered include Alation, Inc .; Altair Engineering, Inc .; Alteryx, Inc .; Amazon Web Services, Inc .; Boomi, Inc .; Collibra SA; Hitachi Vantara LLC; IBM Corporation; Computer science ; Microsoft Corporation; Tamr, Inc .; TIBCO Software, Inc .; Zaloni, Inc. et al.
Blanket: All major geographies and key segments
Segments: Component (Solutions, Services); Data consumer (BI tools, business applications, mobile and web applications); Deployment (Cloud, on-premise)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia Pacific; Rest of the world.
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Global Data Catalogs Market to Reach $ 1.1 billion by 2026
A data catalog is defined as an organized inventory of data assets across all data sources in an organization. The Data Catalog uses metadata to help organizations create an informative and searchable inventory of all data assets. A data catalog is offered to data users as a reference application, being the first stop for a self-service data discovery task. Catalogs enable a variety of users including data professionals, business analysts, data managers and data scientists to find, understand, explore, collaborate and trust data for self-service analysis through a single reference source within a data lake or data warehouse via annotations that enhance data using context. A data catalog is a simple way to access the data needed by data consumers to perform their tasks. The tool helps manage data and contributes to data quality by enabling users to work collectively from a single self-service environment. In the midst of the COVID-19 crisis, the global data catalog market is estimated at US $ 344.5 million in 2020, is expected to reach a revised size of US $ 1.1 billion by 2026, with a CAGR of 21.5% over the analysis period. Solutions, one of the segments analyzed in the report, is expected to grow at a CAGR of 22.6% to reach US $ 947.6 million at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Services segment is readjusted to a revised CAGR of 19.3% for the next 7 year period. This segment currently represents a 33.9% share of the global data catalog market.
The US market is estimated at $ 177.5 million in 2021, when China is expected to reach $ 109.2 million by 2026
The market for data catalogs in the United States is estimated at US $ 177.5 million in 2021. The country currently represents a 42.91% share of the global market. China, the world’s second-largest economy, is expected to reach an estimated market size of US $ 109.2 million during the year 2026, with a CAGR of 26.3% during the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 17.4% and 19.9% respectively during the analysis period. In Europe, Germany is expected to grow by around 20.4% CAGR while the rest of the European market (as defined in the study) will reach US $ 130.7 million by the end of the analysis period.
In the coming years, the increasing availability of real-time data and access to large volumes of data to obtain a consolidated view, as well as the investment in infrastructure development and the emphasis on information-based information. the data is expected to drive market growth. Growth will also be facilitated by the growing need to leverage data from heterogeneous sources to gain a unified view and the increasing adoption of data analysis tools to gain insight to support the decision-making process. Additionally, the growing adoption of self-service as well as data propagation analytics is expected to create a strong demand for data catalog solutions. In addition, increased investment in automation solutions and business intelligence tools should create favorable opportunities for companies offering data catalog solutions. On the other hand, the lack of standardization related to security and data management is expected to challenge growth as well as the lack of appropriate regulations and rules globally.
Cloud deployment segment to reach $ 811.6 million by 2026
The cloud deployment segment is estimated at US $ 216.8 million in 2020, and is expected to reach US $ 811.6 million by 2026, reflecting a compound annual growth rate of 23.8% over the analysis period. United States is the largest regional market for the Cloud segment, accounting for 44.2% of global sales in 2020. China is on track to record the fastest compound annual growth rate of 29.0% over the analysis period, reaching US $ 92 million before the end of the analysis period. After
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