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Data Catalog Market Size, Share & COVID-19 Impact Analysis, By Deployment (Cloud and On-premises), By Enterprise Type (Large Enterprises and SMEs), By Industry (BFSI, Healthcare, Manufacturing, Retail, IT, and Others), and Regional Forecast, 2023 – 2030

Region : Global | Format: PDF | Report ID: FBI108449

 

KEY MARKET INSIGHTS

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The data catalog market size was valued at USD 736.9 million in 2022. The market is projected to grow from USD 878.8 million in 2023 to USD 3,427.8 million by 2030, exhibiting a CAGR of 21.5% during the forecast period. North America dominated the global market with a share of 37.79% in 2022.


Companies offering data catalog software include Alation, Inc., Collibra, Informatica Inc., Atlan Pte. Ltd., TIBCO Software, Boomi Corporation, and Tableau Software, LLC. Data catalog is a centralized repository that organizes and indexes metadata about data assets within an organization. It provides a structured way to discover, understand, and manage data sources and related information. Many organizations recognize the value of having a centralized and well-organized metadata repository to manage their data assets effectively. The increasing adoption of cloud-based solutions and big data technologies also contributed to the popularity of data catalogs, as they helped organizations handle the complexities of managing diverse and large datasets. The adoption of data catalog software was particularly prevalent in industries that heavily rely on data-driven decision-making such as BFSI, technology, retail, healthcare, manufacturing, and others.


COVID-19 IMPACT


Increased Data Volumes and Complexity During Pandemic Fueled Market Growth


The COVID-19 pandemic has fueled the adoption of digital technologies across industries. Data catalog adoption has been an integral part of these transformations, as it improves data management, governance, and accessibility, supporting agile decision-making. As organizations transitioned to remote work during the pandemic, data cataloging processes faced many challenges regarding collaboration, access to data sources, and maintaining data quality. The shift to remote work and increased reliance on digital platforms raised data privacy and security concerns. Organizations had to reassess data access permissions and implement stricter data protection measures, affecting this process.


Furthermore, the pandemic’s economic impact led some organizations to face budget constraints, affecting their technology investment decisions. Data catalog projects might have been delayed or deprioritized in favor of more immediate operational needs. However, in the middle of 2020, the pandemic generated a massive amount of data related to COVID-19 cases, healthcare, economic impact, and more. This data explosion has posed challenges in managing and understanding complex data relationships, making this solution more crucial than ever.


LATEST TRENDS


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Growing Adoption of AI and Automation Technologies to Amplify Market Growth


Data catalogs increasingly incorporated Machine Learning (ML) and Artificial Intelligence (AI) to automate metadata tagging, data classification, and data lineage tracking tasks. This trend aimed to reduce manual efforts and improve data accuracy. For instance, in many organizations, a large amount of data is collected from multiple sources, and various systems are used to analyze the data. Adopting AI and machine learning technology in this application is vital in providing detailed insights into how data flows through various systems and transformations. This helps organizations to ensure data accuracy, trace data issues, and comply with regulatory requirements effectively. Data management vendors are engaged in enhancing AI/ML capabilities and adopting them into their offerings to help users explore, refine, analyze, and discover data sets quickly. Thus, the growing adoption of AI/ML is transforming the landscape of this tool.


DATA CATALOG MARKET GROWTH FACTORS


Increasing Amount of Data Complexity and Data Governance to Fuel Market Growth


The increasing volume, variety, and velocity of data make it challenging to manage and utilize effectively. Data catalogs simplify the process by providing a centralized repository for organizing, categorizing, and understanding data assets. This centralization improves data governance, collaboration, and consistency across distributed teams and locations, allowing businesses to assess and mitigate risks associated with complex systems or processes. In addition, organizations must ensure data accuracy, security, and regulation compliance. This solution helps establish and enforce data governance policies, track data lineage, and maintain data quality. Data governance policy has created awareness among organizations to recognize the value of their data as an asset. This tool facilitates data monetization by providing insights into data usage, enabling organizations to package and sell data products, and driving the data catalog market growth in the coming years.


RESTRAINING FACTORS


High Initial Deployment Cost and Privacy Concerns to Hinder Market Growth


Data catalog requires large investments in setting up and configuring this solution, including selecting the right tool and integrating it with existing systems. Further, installing this solution requires specialized expertise and knowledge involving complex algorithms and modeling techniques. In addition, metadata stored in the solution might include sensitive information. Therefore, organizations must implement appropriate access controls and security measures to protect this metadata. These factors could hamper the adoption and effective use of the solution, thereby limiting the market growth.


SEGMENTATION


By Deployment Analysis


Increasing Popularity of Cloud-based Solutions to Propel Market Growth


Based on deployment, the market is bifurcated into cloud and on-premises.


The cloud segment held the largest market share in 2022 and is expected to continue its dominance by growing at the highest CAGR during the forecast period. It offers scalability that accommodates growing data volumes and evolving business needs. Adoption of cloud-based data catalog solutions, the cloud can scale up or down based on demand, allowing organizations to manage diverse and expanding datasets effectively.


The on-premises segment is expected to grow at a moderate CAGR during the forecast period. Organizations using on-premise infrastructure can achieve data security and regulatory compliance at a lower cost. Cloud-based software providers must invest heavily in security measures and compliance certifications.


By Enterprise Type Analysis


Rising Demand for Data Discovery and Access in Large Enterprises Propel Market Growth


Based on enterprise type, the market is divided into large enterprises and SMEs.


The large enterprises segment held the maximum market share in 2022 as it deals with vast data spread across various departments and systems. Data catalogs provide a centralized platform for discovering and accessing data, making it easier for employees to find the necessary information. Further, different teams and departments work with diverse datasets in large enterprises. This solution fosters collaboration by enabling teams to share and collaborate on data assets, reducing data silos and promoting a culture of data sharing. Owing to these features, it will likely continue its dominance during the forecast period.


The SMEs segment is expected to grow at a significant CAGR during the forecast period, as SMEs need data-driven insights to make informed decisions. This solution enhances data discoverability, enabling SMEs to quickly find relevant information and make better decisions based on data analysis. Moreover, it provides an organized and simplified way to manage data assets, making it easier for SMEs to locate, access, and utilize their data effectively.


By Industry Analysis


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Rising Need for Data Governance and Privacy Propel Data Catalog Adoption in BFSI Segment


Based on industry, the market is classified as BFSI, healthcare, manufacturing, retail, IT, and others (education, media & entertainment, and others).


The BFSI segment held the maximum share of the market in 2022, owing to its ability to enhance data governance, improve data discovery, and facilitate compliance with regulations. By centralizing metadata and data lineage information, this solution helps organizations better understand their data assets, which is crucial for making informed decisions and ensuring data accuracy. Additionally, in the highly regulated BFSI industry, this tool assists in maintaining data privacy and security while supporting the development of analytics and reporting capabilities.


The retail segment is anticipated to grow at the highest CAGR in the coming years, enabling organizations to manage and utilize their vast amount of data effectively. Retailers use this tool to organize and categorize product information, customer data, and sales records. This streamlined approach enhances data accessibility for various teams, such as marketing, sales, and inventory management, allowing them to make data-driven decisions quickly. In this way, increasing usage of this tool in the retail sector is expected to fuel market growth.


REGIONAL INSIGHTS


North America Data Catalog Market Size, 2022 (USD Million)

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By region, the market is analyzed across North America, South America, Europe, the Middle East & Africa, and Asia Pacific.


North America is expected to hold the largest data catalog market share, followed by Asia Pacific. North American businesses have been increasingly embracing data-driven decision-making. This solution provides the necessary infrastructure for accessing, understanding, and utilizing data assets. The U.S. is estimated to showcase significant growth, as the U.S. financial services sector has a significant need for data management due to regulatory requirements, complex data structures, and the need for accurate reporting.


Asia Pacific is estimated to grow at the highest CAGR during the projected period. The APAC region encompasses various industries, from manufacturing to technology and finance to retail. This tool caters to the diverse needs of these industries by providing efficient data management solutions. Moreover, the booming e-commerce sector in China, India, and Southeast Asian nations generates massive amounts of data. The data catalog tool is used in the region to manage huge amounts of data for informed decision-making.


Europe is estimated to grow at a moderate CAGR during the estimated period. The General Data Protection Regulation (GDPR) significantly impacts European data management practices. This tool helps organizations comply with GDPR requirements by managing and documenting data usage and access. Apart from GDPR, various European countries have data protection and privacy regulations. This tool aids them in navigating these regulatory landscapes.


The Middle East & Africa and South America are projected to grow more during the forecast period. Many countries in the MEA region have been investing in digital transformation to modernize their economies and services. This solution can support these initiatives by providing efficient data management and analytics capabilities. Moreover, South America has invested in developing workforce data literacy and analytics skills. Data catalogs can facilitate this effort by providing user-friendly interfaces for exploring data. These factors play an important role in the significant growth of the market in South America.


KEY INDUSTRY PLAYERS


Growing Key Players' Engagement in Expanding their Offerings to Aid Market Growth


Rising investments by key players in advanced technologies, including AI, machine learning, and cloud, to improve their platform capabilities. The major market players are also adopting various strategies, such as collaborations, partnerships, mergers, and acquisitions, to expand their market position.


List of Key Companies Profiled in Data Catalog Market:



KEY INDUSTRY DEVELOPMENTS:



  • February 2023 – data.world, a data governance platform, launched the first AI Lab for the data catalog industry. This Artificial Intelligence (AI) Lab would be important in bringing partners and customers together to enhance data team productivity using AI technology.

  • November 2022 – Amazon Web Services (AWS) launched DataZone, a new machine learning-based data management service to help enterprises catalog, share, govern, and discover their data quickly.

  • February 2022 – DvSum Inc. launched its next-gen data catalog solution. This solution is user-friendly, affordable, and developed to help data and analytics teams of enterprises of all sizes. This solution is used to find out, monitor, and govern data.

  • June 2021 – Boomi launched a novel data preparation and integration service platform named AtomSphere Service. This platform is used to share metadata across an organization.

  • May 2021 – BigID, a data intelligence and management platform, released a next-gen data governance app for its data catalog and discovery platform to reimagine data governance with high accuracy and efficiency.


REPORT COVERAGE


An Infographic Representation of Data Catalog Market

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The market research report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product/service types, and leading product applications. Besides, the report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that contributed to the growth of the market in recent years.


Report Scope & Segmentation


























































  ATTRIBUTE



  DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 21.5% from 2023 to 2030



Unit



Value (USD million)



Segmentation



By Deployment, Enterprise Type, Industry, and Region



By Deployment




  • Cloud

  • On-premises



By Enterprise Type




  • Large Enterprises

  • SMEs



By Industry




  • BFSI

  • Healthcare

  • Manufacturing

  • Retail

  • IT

  • Others (Government, Media & Entertainment)



By Region




  • North America (By Deployment, By Enterprise Type, By Industry, and By Country)

    • U.S.

    • Canada

    • Mexico



  • South America (By Deployment, By Enterprise Type, By Industry, and By Country)

    • Brazil

    • Argentina

    • Rest of South America



  • Europe (By Deployment, By Enterprise Type, By Industry, and By Country)

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Russia

    • Benelux

    • Nordics

    • Rest of Europe



  • Middle East & Africa (By Deployment, By Enterprise Type, By Industry, and By Country)

    • Turkey

    • Israel

    • GCC

    • North Africa

    • South Africa

    • Rest of Middle East & Africa





  • Asia Pacific (By Deployment, By Enterprise Type, By Industry, and By Country)


    • China

    • Japan

    • India

    • South Korea

    • ASEAN

    • Oceania

    • Rest of Asia Pacific




Frequently Asked Questions

The market is projected to reach USD 3,427.8 million by 2030.

In 2022, the market stood at USD 736.9 million.

The market is projected to grow at a CAGR of 21.5% during the forecast period.

By industry, BFSI is expected to lead the market.

increasing data complexity and governance is expected to drive market growth.

The top players are Alation, Inc., Collibra, Informatica Inc., Atlan Pte. Ltd., TIBCO Software, Boomi Corporation, and Tableau Software, LLC.

North America is expected to hold the highest market share.

By industry, the retail segment is expected to grow with the highest CAGR over the forecast period.

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