According to 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 remunerated at USD 0.40 billion in 2020 and is expected to multiply at a CAGR of 24.2% over 2021-2027, subsequently amassing USD 1.82 billion by the end of the forecast period. 
 

Availability of real-time data, rising automation technologies, low cost of infrastructure, and surging demand for business intelligence software are promulgating global data catalog market growth.
 

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End users can examine their data by using the data catalogues to create their own reports, allowing them to perform self-service analytics. The evolution of self-analytic data and data intensification in new-age business act as lucrative prospects for data catalogue solution components.
 

Various industry verticals, such as banking, financial services, and insurance (BFSI), healthcare, retail, and e-commerce, rely on data catalogue systems to access and analyze massive amounts of data, develop company strategy, and deliver business-critical decisions.
 

Citing an instance, in September 2020, Zaloni Inc. announced a strategic partnership with MongoDB, a to facilitate data migration from MongoDM's systems to MongoDM Atlas, a cloud database, using Zaloni's Arena platform. MongoDB, through this collaboration, obtains simplified migration, unified management and governance, and shared data caching.
 

Considering restraints, lack of standardization in enterprise data management is likely to hinder worldwide data catalog industry expansion over the forecast period.
 

Geographically, Latin America, Asia Pacific, Europe, and North America are the leading contributors to the overall market remuneration. Among these, North America currently holds considerable market share, owing to surging demand for business intelligence tools, and growing adoption of digital technology in the region.
 

On the other hand, Asia Pacific industry is projected to garner substantial returns by the year 2027, creditable to large amount of data generated by various industries, rising acceptance of self-service analytics, and rapid expansion of traditional enterprises.
 

Coming to competitive landscape, Zaloni Inc., Amazon Web Services Inc. (AWS), Altair Engineering Inc., Alteryx Inc., Informatica, Alation Inc., Collibra N.V., TIBCO Software Inc., Microsoft Corporation, and IBM Corporation are among the prominent firms operating in global data catalog market sphere.