What Has Been The Evolution of the Data Catalog Market in Recent Years?
The data catalog market has seen considerable growth due to a variety of factors.
• The size of the data catalog market has seen significant expansion in the past few years. Projected growth indicates an increase from $1.1 billion in 2024 to $1.38 billion in 2025, representing a compound annual growth rate (CAGR) of 25.1%.
The acceleration in the previous years is credited to factors such as the surge in big data, obligations related to regulatory compliance, data silos and fragmentation, a transition to cloud computing, and an increased appetite for self-service analytics.
What Are the Future Growth Projections for the Data Catalog Market?
The data catalog market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size for data catalogs is projected to undergo substantial expansion. It is expected to inflate to $3.33 billion by 2029, with a compound annual growth rate (CAGR) of 24.7%.
This growth over the projected period can be credited to developments in AI-powered metadata management, data governance, privacy improvements, as well as hybrid and multi-cloud data management and advanced techniques for data discovery and exploration. Key trends forecasted for this period encompass Data Catalogs as a Service (DCaaS), the integration of data catalogs into analytics platforms, improved options for data collaboration, the application of data catalogs for dataOps and devOps integration, and the boosting of data catalogs with natural language processing (NLP).
What Are The Core Factors Supporting Growth In The Data Catalog Market?
The surge in cybersecurity threats is anticipated to foster the expansion of the data catalog market in the future. These threats are potential risks stemming from vulnerabilities present in computer systems, networks, and digital infrastructure. The rise in cybersecurity threats can largely be attributed to factors such as the expanding network of IoT devices that lack strong security features, new avenues of attack, and the absence of sturdy cybersecurity precautions like firewalls, antivirus software, intrusion detection systems, encryption, and access controls. Data catalogs aid in the adherence to data protection regulations like GDPR, CCPA, HIPAA, and PCI DSS by offering an insight into data usage, storage, and patterns of access. Using data catalogs, organizations can prove their compliance with regulatory mandates, institute data retention policies, and oversee data access for auditing. For instance, as per a July 2024 report from Check Point, an Israeli software security firm, cyber-attacks are skyrocketing globally, with a week-on-week rise of 30% in corporate network attacks in Q2 2024 compared to Q2 2023, along with a 25% increase from Q1 2024. Organizations dealt with an average of 1,636 attacks per week. Consequently, the growing cybersecurity threats are propelling the data catalog market's growth.
What Are The Major Segments Within The Global Data Catalog Market?
The data catalog market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment Mode: Cloud, On-Premise
3) By End-user Industry: Banking, Financial Services, and Insurance, Retail And E-commerce, Healthcare, Manufacturing, Other End-user Industries
Subsegments:
1) By Solutions: Data Discovery And Classification Solutions, Data Governance And Compliance Solutions, Metadata Management Solutions, Data Integration And Data Pipeline Solutions, Data Quality Management Solutions, Data Lineage Solutions, Self-Service Data Catalog Solutions, Cloud-Based Data Catalog Solutions, Machine Learning And Ai-Powered Data Catalog Solutions, Collaboration And Sharing Tools Within Data Catalogs
2) By Services: Consulting Services, Implementation And Integration Services, Customization Services, Data Migration And Data Management Services, Training And Education Services, Support And Maintenance Services, Managed Services, Cloud Migration Services, Data Governance And Compliance Advisory Services
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Which Emerging Market Trends Are Altering The Data Catalog Industry?
Key players in the data catalog market are prioritizing the development of innovative technologies, such as advanced data management services empowered by machine learning, to secure a market edge. These newly designed data management services incorporate machine learning capabilities, facilitating effective governance, cataloging, sharing, and analysis of data for organizations. For instance, in November 2022, Amazon Web Services, a prominent cloud computing enterprise based in the United States, introduced Amazon DataZone, a novel data management service driven by Machine Learning. This service permits data producers to fill a commercial data catalog with structured data from services like AWS Glue Data Catalog and Amazon Redshift. Conversely, data consumers have the freedom to search, subscribe to, and analyze these data assets. The purpose of this service is to simplify data management practices, improve data findability, and promote efficient team collaboration to derive improved insights and data-driven decision making.
Who Are the Key Players In The Data Catalog Market?
Major companies operating in the data catalog market are:
• Microsoft Corporation
• Amazon Web Services Inc.
• International Business Machines Corporation
• Oracle Corporation
• Hitachi Vantara Corporation
• Tableau Software LLC
• Informatica LLC
• TIBCO Software Inc.
• Alterynx Inc.
• Unifi Software Inc.
• QlikTech International AB
• Altair Engineering Inc.
• Boomi Inc.
• Precisely Inc.
• Talend Inc.
• Alation Inc.
• Datawatch Corporation
• Tamr Inc.
• BigID Inc.
• Zaloni Inc.
• Atlan Pte. Ltd.
• Collibra Inc.
• Okera Inc.
• Apache Software Foundation
• Waterline Data Inc.
What Is The Most Dominant Region In The Data Catalog Market?
North America was the largest region in the data catalog market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data catalog market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
