Growing proliferation of data is one of the key factors driving market revenue growth
— Emerging research
VANCOUVER, BC, CANADA, August 1, 2022 /EINPresswire.com/ — The data catalog market The size was USD 590 million in 2021 and is expected to register a CAGR of 27.1% during the forecast period, according to the latest analysis from Emergen Research. The increasing proliferation of data and growing demand for business intelligence tools are key factors driving the growth of the market. Due to many source systems or siled data, the use of data assets or their interpretation can often be inconsistent.
By consolidating all data asset information on a single platform, building a data catalog can reduce gaps and ongoing management will keep it coordinated and consistent. When a data catalog is automated, it can grow and update automatically, requiring less administrative help. The problem is identifying the optimal data resources for the job at hand, because most organizations have an abundance of data, making it easy to find a data resource to use for analysis or creation. of reports. Good data catalogs should include usage statistics as well as user ratings and reviews to aid in decision making.
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However, the efficiency with which data is acquired will depend on the ability of the system to collect data. Data catalog tools can be quite expensive as this method requires a team of people to perform the maintenance. Time-consuming responsibilities include reporting, organizing, and transcribing, while responding to online and offline surveys may not always be accurate.
The Data Catalog Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Data Catalog Market. The report offers in-depth research and evaluation of key elements of the global Data Catalog market. Research analysts have formulated this report through extensive primary and secondary research with detailed analysis of drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of the Data Catalog market.
Major players include
Amazon Web Services,
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The solutions segment is expected to register significant market revenue growth. Data catalog solutions solve important problems related to data management. Even when they are aware of the data sets they control, organizations generally lack information on which they are more or less reliable. A data lake can sometimes look like a data swamp depending on the situation.
The cloud segment is expected to register a steady growth rate over the forecast period. The cloud deployment methods segment holds a substantial market share as end users in the data catalog market have access to complete and adaptable solutions through cloud-based solutions. It offers features like large storage capacities, enhanced data security, scalability, cost savings, and efficient data storage.
The banking and finance segment is expected to register a significant growth rate during the forecast period. Banking and finance industries were among the first industries to use data categorization. Financial analysis uses statistical techniques to identify financial problems. The Financial Data Catalog integrates techniques from historical econometrics with technological components from information science. Also, the use of machine learning (ML), prescriptive analytics, and predictive modeling in financial details offers good chances to understand financial data and solve related problems.
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Emergen Research has segmented the data catalog market based on component, mode of deployment, end user, and region:
Component (Revenue, USD Million; 2019-2030)
Deployment Mode Outlook (Revenue, USD Million; 2019-2030)
On the site
End User Outlook (Revenue, USD Million; 2019-2030)
Retail and e-commerce
Bank and finance
IT & Telecom
The global data catalog market is further analyzed in major geographical locations where the market has expanded to significant size. The main regions analyzed are North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. The report offers country-wise analysis to provide a comprehensive analysis of the Data Catalog market in terms of production & consumption patterns, supply & demand ratio, import/export, revenue contribution, trends and presence leading players in each region.
The regional analysis covers:
North America (USA, Canada)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
Summary of key points from the report:
The report offers a comprehensive overview of the market size, share, and growth rate over the forecast duration.
It provides details of the current scenario, historical data, giving an accurate forecast of the market for the coming years.
The study categorizes the market based on product types, applications, end users, market value and volume, industry verticals, and 5 major regions.
It also offers regional market analysis and forecasts for the major geographies of the industry i.e. North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. .
Industry supply chain, sourcing strategy, upstream raw materials and downstream demand analysis have also been undertaken in the research report.
The study offers a comprehensive understanding of demand and supply dynamics, including production and consumption rates, and overall market mapping.
The report uses different analytical tools including SWOT analysis, Porter’s five forces analysis, and price analysis to provide accurate market insights.
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