Data Catalog Market

Global Data Catalog Market:

The global data catalog market size reached US$ 937.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 4,636.4 Million by 2032, exhibiting a growth rate (CAGR) of 19.1% during 2024-2032. The growing popularity of data management practices, as they assist users in searching for insightful information that is beneficial for the decision-making process, is one of the key factors propelling the market.

Data Catalog Market Analysis:

• Major Market Drivers: Significant growth in the information technology (IT) industry is stimulating the global market. Moreover, the rising generation of data is also positively influencing the market.
• Key Market Trends: Numerous technological advancements across the corporate segment, coupled with the rising integration of cloud-based solutions with data catalogs, are catalyzing the market. Besides this, the emerging popularity of remote working models is further bolstering the global market.
• Competitive Landscape: Some of the prominent companies in the global market include Alation Inc., Alteryx Inc., Amazon Web Services Inc. (Amazon.com Inc.), Collibra Inc., Hitachi Ltd., Informatica, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Tamr Inc., TIBCO Software Inc., and Zaloni Inc., among many others.
• Geographical Trends: North America exhibits a clear dominance in the market, on account of the inflating need among organizations in various industries, such as healthcare, e-commerce, finance, etc., for streamlined data governance and metadata management. Additionally, the growing focus among key players on data-driven decision-making is also fueling the regional market.
• Challenges and Opportunities: One of the primary challenges in the market is the elevating concerns among businesses towards ensuring data quality and consistency. However, the introduction of novel technologies, including machine learning, for automated data tagging, classification, quality assessment, etc., is projected to augment the global market over the forecasted period.
   

Data Catalog Market Trends:

Widespread AI Integration

Data analysts, engineers, and scientists in organizations struggle to understand the relevance of data. Consequently, they spend more time interpreting the data. The increasing trend of integrating generative AI capabilities with data catalogs, as they automatically tag and classify data, making it easier for users to find relevant datasets, is acting as a significant growth-inducing factor. For instance, in October 2023, Amazon Web Services announced the general availability of Amazon DataZone, a data management service to discover, analyze, catalog, share, and govern data between data producers and consumers in organizations. Additionally, the increasing popularity of natural language processing (NLP) and low-code or no-code approaches, as enterprises across countries are looking for ways to enable more employees to use data to inform their work as well as make experienced data users more efficient, is also elevating the data catalog market revenue. For example, in October 2023, Alation, Inc., one of the data intelligence companies, announced ALLIE AI, a co-pilot, to increase the productivity of data analysts, AI engineers, and data stewards. ALLIE AI builds upon Alation’s machine learning (ML) capabilities to enable organizations to save time, scale data initiatives more quickly, and advance new AI initiatives. Furthermore, in May 2024, DBT Labs developed a series of enhanced tools, including an AI-powered assistant, to help customers transform data to use in informing models and applications.

Improved Data Compliance and Governance

The implementation of stringent data privacy regulations, such as the California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR), is increasing the need for data governance. Moreover, data governance departments oversee data catalogs and communicate data usage policies to assist employees in tapping into centralized data sets and using them for building machine learning dashboards, models, and other analytics tools. As a result, data catalog providers are adopting robust governance features to ensure compliance. For example, in February 2024, Collibra launched Collibra AI Governance, which enables organizations to deliver trusted AI safely and effectively. Built on top of the Collibra Data Intelligence Platform, Collibra AI Governance helps AI, data, and legal teams to collaborate to ensure compliance with privacy policies, improve model performance and ROI, mitigate data risk, as well as accelerate time to production. In line with this, in June 2023, Privacera, one of the leading providers of data security and governance solutions, introduced the Databricks Unity Catalog that provides customers with a unified governance solution for their data and AI assets, including tables, machine learning models, files, and dashboards. Furthermore, widespread digitization is also escalating the demand for novel data management tools among employees and license managers to meet rigorous compliance standards, which is positively influencing the data catalog market outlook. For example, in January 2024, Microsoft introduced a software asset management (SAM) module for implementing a centralized software catalog. Moreover, it makes third-party software requisitioning more manageable, efficient, and compliant.

Demand for Self-Service Analytics

Continuous improvements in the information technology (IT) industry are stimulating the global market. Additionally, self-service analytics is gaining traction, as it enables business users to access, analyze, and derive insights from data without relying heavily on IT or data specialists. This trend is driven by the need for agility in decision-making across organizations. For instance, in April 2024, MicroStrategy added a new addition to its platform, MicroStrategy Auto, to simplify access to business analytical data within organizations. Besides this, self-service analytics also helps organizations to respond more quickly to market changes and operational challenges, thereby enhancing their competitive edge, which represents one of the data catalog market recent opportunities. For example, in December 2023, Cantaloupe, Inc., one of the digital payment and software service companies that provides end-to-end technology solutions for self-service commerce, launched two premium analytics tools in its Seed Pro software platform, i.e. Seed Analytics and Seed Intelligence. These tools are specifically designed to transform the way vending operators leverage data for business growth with enhanced productivity and improved decision-making. Furthermore, in October 2023, Amplitude, Inc., one of the leading digital analytics platforms, introduced Amplitude Plus to deliver better digital experiences and drive better outcomes to users.

Data Catalog Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with the data catalog market forecast at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on the component, deployment mode, organization size, data consumer, and end use industry.

Breakup by Component:

• Solution
• Services
   

Currently, solution accounts for the largest market share

The report has provided a detailed breakup and analysis of the market based on the component. This includes solution and services. According to the report, solution represented the largest segmentation.

The rising need for managing and utilizing the vast amounts of data generated by modern organizations is bolstering the segment's growth. Data catalog solutions enable users to understand, discover, and access data across various sources, whether on-premises or in the cloud. Moreover, advanced features, such as automated data classification, data lineage tracking, and integration with AI and machine learning, enhance the functionality of data catalog solutions. For instance, Informatica's enterprise data catalog offers robust capabilities for metadata management, data governance, and compliance, ensuring that data is accurate, consistent, and accessible. Moreover, in March 2024, data. world, one of the key data catalog companies, launched its AI Context Engine, a platform that is designed to securely unlock vast amounts of organizational data for team building and using chat interfaces with large language models (LLMs).

Breakup by Deployment Mode:

• On-premises
• Cloud-based
   

Cloud-based currently exhibits a clear dominance in the data catalog market share

The report has provided a detailed breakup and analysis of the market based on the deployment mode. This includes on-premises and cloud-based. According to the report, cloud-based represented the largest segmentation.

Cloud-based data catalogs are improving data management by providing flexible, scalable, and accessible solutions that integrate seamlessly with various cloud platforms. Moreover, they offer centralized metadata repositories that support data discovery, governance, and collaboration across distributed data environments. Consequently, these catalogs are widely adopted by organizations to maximize the value of their data in a cost-effective and agile manner. For instance, in June 2023, Tata Consultancy Services (TCS) launched the TCS Dexam data marketplace platform on Google Cloud. The platform enables enterprises to democratize and monetize data across various ecosystems.

Breakup by Organization Size:

• Small and Medium-sized Enterprises
• Large Enterprises
   

Currently, large enterprises account for the majority of the global market share

The report has provided a detailed breakup and analysis of the market based on the organization size. This includes small and medium-sized enterprises and large enterprises. According to the report, large enterprises represented the largest segmentation.

Large enterprises usually deal with vast amounts of data from various sources, making it challenging to maintain data consistency, quality, and accessibility. Data catalogs address these challenges by providing a centralized repository of metadata, which helps in discovering, organizing, and governing data assets. For instance, enterprises like Toyota and Pfizer, utilize Alation's data catalog to empower their data teams with automated data classification, comprehensive data lineage, and collaborative data stewardship. These solutions enable large enterprises to break down data silos, ensure regulatory compliance, and improve data utilization, which is escalating the data catalog market demand.

Breakup by Data Consumer:

• Business Intelligence Tools
• Enterprise Applications
• Mobile and Web Applications
   

The report has provided a detailed breakup and analysis of the market based on the data consumer. This includes business intelligence tools, enterprise applications, and mobile and web applications.

Data catalogs enhance the efficiency of data analysts by providing a centralized and organized repository of metadata, facilitating quick data discovery, ensuring data accuracy for more informed decision-making, etc., via the adoption of business intelligent tools. Additionally, they also find enterprise applications, as these catalogs integrate seamlessly with numerous business systems and enhance data governance as well as accessibility across departments, thereby enabling enterprises to leverage data more effectively for strategic initiatives. Apart from this, data catalogs further support the growing demand for real-time data access and insights, ensuring that data is readily available, well-organized, and accurate for both developers and end-users, which elevates the data catalog market's recent price. 

Breakup by End Use Industry:

• BFSI
• Retail and E-Commerce
• Manufacturing
• Government and Defense
• Energy and Utilities
• IT and Telecom
• Education
• Healthcare
• Others
   

Among these, the BFSI sector holds the largest market share

The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes BFSI, retail and e-commerce, manufacturing, government and defense, energy and utilities, IT and telecom, education, healthcare, and others. According to the report, the BFSI sector represented the largest segmentation.

The increasing amount of unstructured and structured data, including transaction records, customer information, financial reports, etc., is propelling the growth in this segmentation. Data catalogs offer BFSI organizations with powerful tools for data governance, discovery, and lineage tracking, ensuring data accuracy and compliance with stringent regulatory requirements, such as GDPR. Additionally, as per the data catalog market statistics, large financial institutions like Goldman Sachs and JPMorgan Chase adopt modern data management systems to enhance operational efficiency, control their complex data environments, support data-driven strategies, etc. Besides this, DataGalaxy’s data knowledge catalog offers a secure and central spot for banking firms to store metadata and streamline data access and traceability. Furthermore, its dynamic search bar, powered by natural language processing, simplifies data retrieval across numerous data assets.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

 According to the data catalog market overview, North America currently dominates the global market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.

The market in North America is experiencing a robust growth, driven by the increasing demand for efficient data management solutions. Additionally, the wide presence of data catalog providers, including Alation Inc., Collibra NV, TIBCO Software Inc., Informatica Inc., IBM Corporation, Alteryx Inc., Hitachi Vantara LLC, Microsoft Corporation, Amazon Web Services Inc., Datawatch Corporation, etc., across the region is also acting as another significant growth-inducing factor. Besides this, continuous collaborations, along with strategic mergers and acquisitions (M&A) activities, are further positively influencing the regional market. For instance, in October 2021, Alation Inc. acquired Lyngo Analytics, one of the California-based companies. The acquisition was aimed at creating a better user experience within the data catalog and enhancing data intelligence. Furthermore, the shifting preferences towar0064 cloud-based infrastructures are expected to bolster the market in North America over the forecasted period.

Competitive Landscape:

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major data catalog market companies have also been provided. Some of the key players in the market include:

• Alation Inc.
• Alteryx Inc.
• Amazon Web Services Inc. (Amazon.com Inc.)
• Collibra Inc.
• Hitachi Ltd.
• Informatica
• International Business Machines Corporation
• Microsoft Corporation
• Oracle Corporation
• SAP SE
• Tamr Inc.
• TIBCO Software Inc.
• Zaloni Inc.
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Data Catalog Market Recent Developments:

• April 2024: Amazon DataZone announced the integration with AWS Lake Formation hybrid access mode for the AWS Glue data catalog.
• February 2024: Alation, one of the prominent data catalog providers, launched the Data Culture Maturity Assessment, to examine four key aspects criteria of enterprises, such as governance, literacy, leadership, data search, etc.
• January 2024: data. world, one of the data catalog platform companies, collaborated with Snowflake to bring new data quality metrics and measurement capabilities to enterprises.

Data Catalog Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the data catalog market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global data catalog market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the data catalog industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.