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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Data Catalog Market Size
The global data catalog market size reached approximately USD 1.22 billion in 2023. The market is projected to grow at a CAGR of 24.1% between 2024 and 2032, reaching a value of around USD 8.49 billion by 2032.
Key Trends in the Market
A data catalog is a type of software application that maintains the inventory of an organisation’s data. It is used by analysts and other data users to carry out various activities such as tracing, sharing, implementing governance policies, and extracting relevant information from the data. The application is also used to store and manage metadata, including information about the data such as its source, format, structure, ownership, and usage.
- The data catalog market growth is being propelled by the increasing adoption of data catalog services by the various sectors, such as banking, financial services, insurance (BFSI), healthcare, retail, and e-commerce, to produce insightful data that helps them formulate business plans. Organisations are increasingly realising that their data holds immense untapped potential. Data catalogs can play a pivotal role in the process of providing a structured and organised framework for businesses to identify and categorise their datasets based on relevance, quality, and potential value.
- The integration of machine learning and artificial intelligence (AI) capabilities within modern data catalog tools is one of the key global data catalog market trends. These advanced technologies empower data catalog platforms with the ability to autonomously perform critical tasks, such as classifying, tagging, and analysing data assets. This automation not only saves time and effort for data professionals but also ensures a higher level of consistency and accuracy in data organisation.
- The adoption of cloud technologies is expected to propel the global data catalog market demand in the coming years. Organisations are shifting their data infrastructure to the cloud for scalability, flexibility, and cost-efficiency. Data catalogs that are cloud-native or compatible with hybrid environments are in high demand, allowing seamless integration with cloud-based services and on-premises systems.
Data Catalog Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 1.22 billion.
The market is projected to grow at a CAGR of 24.1% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 8.49 billion by 2032.
The market is driven by the increasing utilisation of data catalog services in different sectors and the increasing importance of data-driven decision-making.
The growing integration of artificial intelligence and machine learning algorithms and the adoption of cloud technologies for data catalogs are likely to guide the market development in the forecast period.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different metadata types of data catalog include business metadata, technical metadata, and operational metadata.
The key players in the market include IBM Corporation, Microsoft Corporation, Oracle Corporation, Alation Inc., Hitachi Vantara LLC, Informatica Inc., Collibra NV, Cloudera, Inc., Apache Software Foundation, and Talend, Inc., among others.
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