A data catalog is a unified repository that methodically organizes and indexes metadata concerning data assets in an organization. It offers an organized method to find, comprehend, and oversee data sources and associated details. Numerous organizations acknowledge the importance of establishing a centralized and structured metadata repository to efficiently manage their data assets. The growing use of cloud solutions and big data technologies has also played a role in the rise of data catalogs, as they assist organizations in managing the complexities of diverse and extensive datasets. The use of data catalog software was especially common in sectors that depend significantly on data-driven decision-making, including BFSI, technology, retail, healthcare, manufacturing, among others.
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Data Catalog Market Trends:
Data catalogs are progressively integrating Machine Learning (ML) and Artificial Intelligence (AI) to automate tasks such as metadata tagging, data classification, and tracking data lineage. This movement sought to lessen manual labor and enhance data precision. For example, in numerous organizations, significant quantities of data are gathered from diverse sources, and different systems are employed to analyze the information. Embracing AI and machine learning technology in this application is essential for offering comprehensive insights into the movement of data across different systems and changes. This enables organizations to guarantee data precision, track data problems, and adhere to regulatory obligations efficiently.
Major Players in Data Catalog Markets are:
IBM, Informatica, AWS, Amazon Web Services, Alteryx, Collibra, Alation, Microsoft, TIBCO Software, Datawatch Corporation, Waterline Data, Zaloni and Tamr and others
Industry News:
February 2024 – Collibra launched Collibra AI Governance, built on their Data Intelligence Platform, enabling organizations to deliver trusted AI effectively through the use of Collibra Data Catalog. It aided teams in collaborating for compliance, improved model performance, reduced risk, and led to faster production timelines.
September 2023 – AWS Lake Formation launched a Hybrid Access Module for the AWS Glue Data Catalog, allowing users to selectively enable Lake Formation for tables and databases without interrupting existing users or workloads. This feature provided flexibility and an integral path for enabling Lake Formation, reducing the need for coordination among owners and consumers.
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Global Data Catalog Market Segmentation:
By Component
Solution
Integrated Solution
Standalone Solution
Services
Managed Services
Professional Services
By Deployment Mode
Cloud
On-premises
By Consumer Type
Business Intelligence Tools
Enterprise Applications
Mobile & Web Applications
By Organization Size:
SMEs
Large enterprises
By Vertical:
BFSI
Healthcare
IT & telecom
Government
Retail
Others
The following areas and countries are covered in the worldwide Data Catalog Market file:
North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)
North America is expected to hold the largest data catalog market share, followed by Asia Pacific. North American businesses have been increasingly embracing data-driven decision-making. This solution provides the necessary infrastructure for accessing, understanding, and utilizing data assets. The U.S. is estimated to showcase significant growth, as the U.S. financial services sector has a significant need for data management due to regulatory requirements, complex data structures, and the need for accurate reporting.
Detailed industry forecast-Brief Introduction to the research report:
Additional information on company participants
Customized reports and analyst assistance are available upon request.
Recent market developments and potential future growth opportunities
Personalized regional/country reports upon request
New data sources are being integrated.
Increased focus on data privacy and security
Increased collaboration and co-creation
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Key Features of the Data Catalog Market Report: –
Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.
Examine the market opportunities for stakeholders by identifying higher growth sections.
To study and analyze the global Data Catalog Market industry status and forecast including key regions.
An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter’s Five Forces analysis to provide a deeper understanding of the market.
It helps you make strategic business decisions and investment plans.
Finally, Data Catalog Market is a valuable source of guidance for individuals and companies.
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