A Data Catalog is a cluster of metadata, coupled with data management and search tools. It helps analysts and other data users to find the data that they need. And it serves as an inventory of available data, and provides information to evaluate fitness of data for intended uses.
The data catalog market was valued at US$ 633.09 Mn in 2021 and is forecast to reach a value of US$ 4397.75 Mn by 2030 at a CAGR of 24.3% between 2022 and 2030.
Figure 1: Global Data Catalog Market Value (US$ Bn) Analysis and Forecast, 2017 - 2030
In March 2021, TIBCO software Inc. declared the involvement of Apache Pulsar and Apache Kafka as a cloud service in TIBCO Cloud messaging. With this a business can add a real time data efficiency into the deployment of the on-premises applications for the better responsiveness without the requirement to purchase the additional software or hardware when they are linked to Pulsar and Kafka data to the hybrid surroundings.
In January 2021, Tibco Software Inc. declared the adoption of the information builders Inc., a supplier of the services and the facilities in the fields of business intelligence, data integration and the solutions of the data quality. The acquirement will leverage the increase of ibi’s data management and the analytics abilities to the developed TIBCO connected intelligence platform which comprises of the TIBO’s data catalog as well.
North America held dominant position in the Global Data Catalog Market in 2021, accounting for 29.30% share in terms of volume.
Figure 2: Global Data Catalog Market Share (%), By Region, 2021
Data catalogs have increased due to the surge in the adoption of self-service analytics. Therefore, vendors in the market are making efforts to introduce data catalogs that assists these self- service analytical tools in complex data environments. This is expected to drive the growth of the global data catalog market. For instance, in February 2021, Sisense, a business analytics and visualization platform provider, declared a collaboration with Ovaledge to offer advanced data catalog along with data governance capabilities.
Rapid digitization across numerous sectors and a considerable increase in data generation have encouraged numerous organizations to invest heavily in the deployment of data catalogs solutions. This is further expected to drive the growth of global data catalog market.
|Base Year:||2021||Market Size in 2021:||US$ 633.09 Mn|
|Historical Data for:||2017 to 2020||Forecast Period:||2022 to 2030|
|Forecast Period 2022 to 2030 CAGR:||24.3%||2030 Value Projection:||US$ 4397.75 Mn|
IBM Corporation, TIBCO Software Inc., Altair Engineering Inc., Microsoft Corporation, Oracle Corporation, Collibra NV, SAP SE, Tamr Inc., Alteryx Inc., Zaloni Inc., Hitachi Vantara LLC, Informatica Inc., Amazon Web Services Inc. and Alation Inc.
|Restraints & Challenges:||
The lack of standardization in data management, data security and privacy concerns in many industries. These are the factors expected to hamper the growth of global data catalog market.
Data catalog tools are very expensive. Transcribing, reporting, organizing and other such tasks are very time consuming. Thus these factors are anticipated to hinder the growth of the global data catalog market.
Continuous technological developments across the corporate segment create a positive outlook for the data catalog market on the global level. For example, the widespread integration of cloud-based technologies with the data catalog to help develop personalized data for data analysts positively influences the development of market globally. This is expected to boost the growth of the global data catalog market.
The companies have encouraged several businesses to adapt the work-from-home approach, propelling market growth. Other factors, include continuous improvements in the manufacturing, e-commerce sectors and increasing investments to conduct extensive R&D activities. These factors are expected to drive the growth of global data catalog market in the forecast period.
Market Key Takeaways/Trends:
The advancement of self-analytic data and the intensification of data in new-age business are the main factors expected to act as a key trend in the growth of the global data catalog market. For instance, as per the Cisco Systems, 3.06 zettabytes of IP traffic would be transmitted from data Centre’s to customers in 2021.
The broad adoption of digital technology and the growing need for business intelligence tools across the globe is expected to boost the market. The accelerated expansion of the traditional companies and massive data generation from every industry is expected to act as a leading trend in the growth of global data catalog market.
Major companies involved in the growth of the global data catalog market are IBM Corporation, TIBCO Software Inc., Altair Engineering Inc., Microsoft Corporation, Oracle Corporation, Collibra NV, SAP SE, Tamr Inc., Alteryx Inc., Zaloni Inc., Hitachi Vantara LLC, Informatica Inc., Amazon Web Services Inc. and Alation Inc.
The data management benefits of a data catalog become apparent by reflecting on the importance of metadata and the abilities created with comprehensive metadata. IT organizations cannot give all the data as they need to keep the number of people analyzing data growing.
The accelerated development of digitalization adds to the ever-growing global data sphere is expected to drive the growth of global data catalog market. As per Seagate Technology PLC, the total amount of data created, copied, captured, and consumed in the world is forecast to proliferate, reaching 59 zettabytes in 2020. The implementation of data catalogs supports the enhancement of supply chains by reducing the data isolation between the data source to its analysis. This is expected to offer lucrative opportunity in the growth of global data catalog market.
On contrary, lack of awareness regarding the data catalog is expected to hamper the growth of the global data catalog market.
Key features of the study:
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