According to MarkNtel Advisors study the Global Data Catalog Market is expected to grow at around 23.3% CAGR during the forecast period, i.e., 2023-28. Most of the market expansion would be driven by the flourishing IT sector.

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Key Findings of the Study: Data Catalog market

Global Data Catalog Market Key Driver:

Ascending Need to Attain Efficient Data Governance - Businesses need help comprehending and gleaning relevant information from their data due to the development of millions of assets and pieces of information every day. Additionally, the vast amount of data makes it challenging to manage and govern it effectively. Data governance guarantees that data is trustworthy, accurate, and consistent, enabling digital transformations, powering business processes, and guiding choices. An organization's internal data search and review can be sped up considerably with a robust catalog, and effective data governance can be ensured.

Global Data Catalog Market Growth Opportunities

Utilizing Data Catalogs to Boost Employee Output and Quality of Life - Enterprises must build up their systems and procedures so that data citizens can quickly obtain the needed data to fulfill the aim of being data-driven. However, it has been found that looking for particular data is quite time-consuming, usually more than what it takes to utilize the collected data. Thus, the solution give everyone access to a single source of information, eliminating the need for repetitive chores and labor done in isolation, subsequently opening up new avenues for the industry in the long run.

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Scope of the Report and Data Catalog Market Segmentation:

By Components

    • Solution
    • Services

By Deployment Model

    • Cloud
    • On-Premise

By Data Consumer

    • Business Intelligence Tools
      • Data Integration & ETL
      • Reporting & Visualization
      • Query & Analysis
    • Enterprise Application
      • Enterprise Resource Planning
      • Supply Chain Management System
    • Mobile & Web Application
      • Heat Map Analytics
      • Web Behavioral Analytics
      • Marketing Automation

By Metadata Type

    • Business
    • Technical

By Enterprise Size

    • Small & Medium Enterprise
    • Large Enterprise

By End Users

    • Manufacturing
    • Healthcare & Life Science
    • BFSI
    • Transportation & Logistics
    • Retail & Ecommerce
    • Media & Entertainment
    • Government & Defense
    • Telecom
    • ITES & Others

Among all, the market is projected to register the fastest growth across the rapidly expanding retail & e-commerce sector through 2028.

Data Catalog Market Development:

September 2022: Alation and Fivetran, a pioneer in contemporary data integration, entered into a partnership. After this alliance, the organizations sought to make it possible for their clients to comprehend and locate the full context of data in the most recent data stack. The cooperation consolidated reliable, regulated data from diverse sources into a single perspective using the Fivetran Metadata API. This improves data pipelines, decision-making, and data visibility.

August 2022: Oracle Cloud Infrastructure teamed with Anaconda, the world's most recognized data science platform provider. The partnership sought to give safe, open-source Python and R tools and packages by permitting and integrating the company's repository throughout OCI Machine Learning and Artificial Intelligence services.

Geographical Analysis:

By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Of all regions, North America is the largest data catalog market globally, and the same trend is likely during 2023-28.

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