As cited by the research report titled ‘Global Data catalog market Size study, by Component (Solutions, Services), by Deployment mode (Cloud, On-Premises), by End user Industry (BFSI, Retail & E-commerce, Healthcare, Manufacturing, Other End-user Industries) and Regional Forecasts 2021-2027’, available with Market Study Report, global data catalog market was worth USD 0.40 billion in 2020 and is projected to grow with a CAGR of 24.2% over 2021-2027 to accumulate USD 1.82 billion by the end of study duration.
 

Increasing demand for business intelligence software, developing automation technologies, real-time data availability, and lower infrastructure costs are the factors primarily driving the growth of global data catalog market. Additionally, evolution of self-analytic data, cognizance of benefits of business insights, and intensification of data in modern business model are further augmenting the market outlook.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3862696/
 

As per Cisco Systems Inc., it is estimated that transmission of 3.06 zettabytes of IP traffic will happen from data centers to users in 2021. Furthermore, cloud traffic in North America is likely to reach 6.8 zettabytes per year by the end of 2021.
 

For the record, data catalogue systems are widely used in many industry domains, including healthcare, BFSI, retail, and e-commerce, to access and analyze large amounts of data, form business strategies, and provide business-critical decisions. 
 

Elaborating on the factors impeding global data catalog industry development, lack of standardization in enterprise data management and security concerns associated with it are negatively impacting the business dynamics.
 

Apart from expounding on growth catalysts and restraints, the research literature also encompasses a detailed study on market segmentation.
 

Based on component, global data catalog industry is segmented into solutions, and services. On the basis of deployment mode, the marketplace is divided into cloud, and on-premises. Moving on to end user verticals, the industry space is categorized into retail & e-commerce, BFSI, manufacturing, healthcare, and others.
 

Geographically, Europe, Asia Pacific, North America, and Latin America are major contributors towards the valuation of worldwide data catalog industry. Of these, North America is likely to be a major growth hub for the market over 2021-2027, owing to increasing adoption of digital technology, and incorporation of business intelligence tools among enterprises in the region.
 

Whereas, Asia Pacific market is anticipated to bolster at a strong CAGR through 2027, on account of flourishing traditional enterprises, enormous data generation from all industries, and adoption of self-service analytics.
 

The key players in worldwide data catalog industry are Zaloni Inc., Amazon Web Services Inc., Altair Engineering Inc., Alteryx Inc., Informatica LLC, Alation Inc., Collibra NV, TIBCO Software Inc., Microsoft Corporation, and International Business Machines Corporation (IBM).