Data Catalog Market is forecast to reach $994.51 million by 2025, after growing at a CAGR of 22.57% during 2020-2025. With rise in the adoption of self-service analytics, the Data Catalog market is witnessing an increase in demand, as data catalog is a collection of metadata, combined with data management and search tools, thereby helping the analysts and other data users to find the data for intended uses.Key Takeaways
North America dominates the Data Catalog market owing to increasing adoption of digital technology in the region.
Cloud based data catalog is analyzed to highest market share alongside the highest growth rate during the forecast period, owing to the high cloud deployment owing to their widespread applications in all the industries.
The advancement of self-analytics data and escalation of data globally, are the key driving factors for the growth of the data catalog market.
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Geography - Segment Analysis
North America dominated the Data Catalog market, followed by APAC and Europe. The major share of North America is mainly due to the high adoption of digital technology and rising demand for business intelligence tools by the major companies in this region. APAC is also analysed to grow at a significant rate during the forecast period. The factor contributing to the growth rate in this region is the rapid expansion of the traditional enterprises and massive data generation from all industries along with adoption of self-service analytics.
Drivers – Data Catalog Market
Growth in adoption of self-service analytics
Self-service analytics can be easily performed using the data catalogs, end users can easily analyze their data by building their own reports. Furthermore, the growing demand for business intelligence tools, rising automation technology and real-time availability of data, reduced cost of infrastructure and gaining business insights, are the major factors propelling the growth of the data catalog market.
Market Landscape: Data Catalog has been consolidated by the top players including IBM, Waterline Data, Informatica, Amazon Web Services, Collibra, Alation, Microsoft, TIBCO Software, Alteryx, Datawatch Corporation, Zaloni, and Tamr., among others.
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