Data Catalog Market is supposed to grow with CAGR of around 25% during 2019-2026

Data catalog is defined as the collection of metadata containing database object definitions such as base tables, synonyms, views or synonyms and indexes. Global data catalog market is expected to rise with a CAGR of 25% during 2019-2026.  A data catalog is an organized database service that allows the users to access and analyse the required data sources. Key factor driving the adoption of data catalogs is the increasing adoption of self-service analytics. Data catalogs are widely adopted in self-service analytics in order to collect and compute multi-structured data derived from dissimilar sources and to perform product development and delivery. Around 80% of all the enterprises worldwide would adopt self-service platforms by the end of 2020. Self service analytics offers several advantages such as robustness, reliable, and can be flexibly deployed by all type of users (including power users, enterprise executives, casual users, etc.). Due to the above mentioned advantages, self service analytics are widely adopted across retail and e-commerce portals to enhance the customer experience. Hence, increased adoption of self-service analytics is expected to promote the growth of global data catalog market.

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Geographically, North America is the leading market region for the market in terms of market revenue share. This is due to the significant presence of leading data catalog providers in North America region such as IBM Corporation (U.S), Alation (U.S.), Amazon Web Services (U.S), Informatica (U.S) etc. Moreover, generation of huge volumes of big data across several sectors such as BFSI, healthcare, retail, ecommerce, increased adoption of cloud platforms such as Platform as a Service (PaaS), Infrastructure as a Service (IaaS), Software as a Service (SaaS), ongoing technological developments in data catalog software, etc. are fueling the growth of North America data catalog market. However, Asia Pacific is expected to emerge as the fastest growing region during the forecast period 2019-2026. Factors such as increasing adoption of data catalog and data security, growth in IT sector, ongoing infrastructure development, etc. have led to surging demand for data catalogs in the Asia Pacific region.

Global data catalog market report covers segmentation analysis of component, deployment mode, data consumer, enterprise size and end user. Report further covers segments of components of data catalog which includes solution and service. Solution is the dominating component segment owing to the increased requirement to improve the data quality, optimization of individual productivity, simplified data discovery, eradication of data duplication and silos, etc. Moreover, various end user sectors such as healthcare, BFSI, retail, e-commerce, etc. are deploying the data catalog solutions to collect and analyze huge volumes of enterprise data and derive business strategies and insights. Report further covers segments of deployment mode of data catalog which includes Cloud and On-Premises. Cloud is the both leading and fastest growing deployment mode segment due to the increased adoption of cloud platforms and services in data catalog and data computing. Report further covers segments of data consumer of data catalog which includes business intelligence tools, enterprise applications and mobile and web applications. Business intelligence tools is the dominating data consumer segments due to the increased adoption of business intelligence tools in enterprises to make real-time business decisions with high accuracy. Report further covers segments of enterprise size of data catalog which includes large enterprises and small & medium enterprises. Large enterprises is the leading enterprise size segment due to increased adoption of data catalog solutions and to analyze large volumes of data. Whereas, end user segment includes manufacturing, healthcare, BFSI, research and academia, media and entertainment, retail and ecommerce, government and defense, telecom and IT and others. BFSI is the leading end user of data catalog due to huge adoption of data catalog to access huge amount of data collected from varied resources to enhance customer experience, improve decision making process.

Major players of the market are: IBM (U.S.), Alation (U.S.), Amazon Web Services (U.S.), Informatica (U.S.) and Others. All such companies adopts numerous strategies such as collaboration, merger & acquisition, partnership and product launch. For Example; in 2016, Alation had launched Alation Data Catalog 3.8 which can be integrated with wide range of data sources such as Hive, IBM, MySQL, Oracle, Tableau, Teradata, etc. thereby allowing to import and index metadata from discrete repositories in one place. This product launch is expected to enhance the dominance of the company by strengthening its product portfolio.

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