According to Reports and Insights analysis, the global data catalog market was US$ 722.4 Million in 2022. Furthermore, the global data catalog market to register a CAGR of 21% which is expected to result in a market forecast value for 2031 of US$ 4.1 Bn.
In simple terms, a data catalog is a structured collection of data assets within an organization. It utilizes metadata to facilitate data management and enables data professionals to gather, organize, access, and enhance metadata, thereby supporting data discovery and governance efforts.
Data cataloging has become indispensable for large organizations due to the overwhelming volume of data they handle. Moreover, implementing data visualization techniques that effectively convey narratives can offer substantial benefits once the data cataloging system is in place.
The increasing availability of distinctive and proprietary datasets has led to a surge in demand for data catalogs across companies, consumers, and various end markets. These catalogs offer the promise of new perspectives and insights to enhance productivity and forecast outcomes. According to a study conducted by Sisense, approximately 55% of the companies surveyed have already begun utilizing data to improve efficiency, while around 47% use it to support customers, and approximately 45% to predict future outcomes. As the focus on efficiency is higher among smaller firms compared to larger enterprises, the industry is experiencing a growing demand for products like data catalogs.
Extensive analysis and insights are available to help businesses make informed decisions in this evolving industry.
Clarity and understanding of market trends help companies tailor their products to meet customer demands more effectively.
Read report overview and other sections to know more about market coverage and highlights taken from the full report:
Data Catalog Market Report Overview:
The global data catalog market research report provides comprehensive insights into driving factors, restraints, opportunities, and trends, with provision of in-depth supporting information, data, and statistics and actionable insights. Though covered and provided extensively across the report, the data and information format are simple, yet dynamic in order to ensure ease of reading and understanding, as well as presenting and maximizing leverage and use.
Revenues and market share are provided in detail for previous years in order to showcase the evidence upon which our estimations and forecasts are based. Revenue growth rates and differences, as well as comparisons and relatable data are provided to further support all findings. Data points are provided for each year – from historical to end of forecast period – and this format is followed for each segment region and respective countries, as well as sub-segments and others. Vital details of major companies in the market are provided in the company profile section of the report. Cover includes financials, recent developments, research & development, strategies, product launches, agreements, expansion, mergers & acquisitions, and others.
The global data catalog market research report is segmented on basis of component, end-user industry, and regions and countries. Regional segmentation includes North America (United States and Canada); Europe (Germany, United Kingdom, France, Italy, Spain, Russia, Poland, BENELUX, NORDIC, and Rest of Europe); Asia Pacific (China, India, Japan, South Korea, ASEAN, Australia & New Zealand, & Rest of Asia Pacific); Latin America (Brazil, Mexico, Argentina, & Rest of Latin America); Middle East & Africa (Saudi Arabia, South Africa, United Arab Emirates, Egypt, Israel, and Rest of MEA).
Some more detailed insights on the market are provided below:
Global data catalog market research has been exhaustive and the report provides in-depth details of the various factors, trends, patterns, and scenarios and aspects that have a direct or indirect impact, near-term or far-term on the market and products and services etc. Some more detailed insights on the market are provided below:
Rising Need for Data-backed Decisions: The increasing adoption of IoT has led to a growing need for generating valuable insights from incoming data to inform business strategies. However, much of the data received from various sources, such as email correspondences, account information, and older versions of related documents, remains unstructured and doesn't directly contribute to effective decision-making. To overcome this challenge, companies are turning to data catalogs, which help synthesize and organize enterprise data from multiple sources into a simple and accessible format.
Integration of Cloud-based Technologies: Cloud-based data catalog solutions are gaining significant traction due to the numerous advantages they offer. These benefits include reduced operational expenses, streamlined deployments, and greater scalability through networked resources. Moreover, cloud solutions provide businesses with more flexibility in conducting real-time analysis and simplify real-time deployment processes.
Adoption of Self-Service Analytics: They provide a user-friendly interface that enables end users to explore and analyze data on their own. With data catalogs, users can easily find, understand, and access relevant data, leading to faster and more informed decision-making. Moreover, data catalogs contribute to data governance, quality, and security, making them essential tools for organizations aiming to leverage their data effectively.
Adoption of Digitization: The rapid digitization of various industries and the substantial surge in data generation have prompted numerous organizations to make significant investments in data catalog solutions. This growing adoption of data catalogs is anticipated to propel the global data catalog market forward.
What Factors Are Restraining Growth of Data Catalog Market?
Despite the various positive factors and growth prospects in the global market, some restraints and factors are having negative impacts on revenue growth. Some key factors include:
Security Concerns: Organizations worldwide are often concerned about security and compliance when it comes to data handling and transferring data between platforms. Due to this apprehension and limited understanding of security frameworks and their implementation, some companies are hesitant to adopt catalog management solutions, fearing potential data breaches in their complex and abstracted data sets.
Limited Skilled Workforce: A major challenge faced in the growth of the data catalog market is the scarcity of a skilled and balanced workforce. Building a data catalog requires a team comprising both technical and business experts, who possess a deep understanding of data services, data cataloging tools, and the potential business value that data cataloging can bring. However, identifying and acquiring such talent can be challenging for organizations. Even with well-defined requirements, a solid business intelligence strategy, and suitable tool solutions, finding individuals with the necessary technical skills for designing, building, maintaining, and supporting data catalogs can be difficult, hindering the market's expansion.
Time-consuming: Data cataloging involves various time-consuming tasks such as transcribing, reporting, and organizing data from multiple sources. The process of curating and managing vast amounts of data can be labour-intensive and resource consuming. As organizations handle ever-increasing volumes of data, the manual effort required for data cataloging can become overwhelming, potentially leading to delays and inefficiencies in data management processes.
What are the Opportunities for Leading Data Catalog Manufacturers?
Companies operating in the global data catalog market can leverage various opportunities and revenue streams to drive growth and profitability. Below are some avenues and insights:
Increasing Emphasis on Work-Life Balance: Data catalogs play a pivotal role in enhancing employee productivity and improving the overall quality of work-life in enterprises. In the pursuit of becoming data-driven, organizations must establish efficient systems and processes that enable data citizens to access the required data swiftly. However, a significant challenge arises when businesses spend a substantial 70% of their time searching for data, leaving only 30% of their time for actual utilization.
Strategic Data Governance: Data catalogs play a pivotal role in accelerating data discovery and facilitating effective data governance within organizations. Data governance encompasses a set of principles, regulations, and practices that ensure data is reliable, accurate, and consistent, enabling it to support digital transformations, drive business operations, and inform strategic decisions. The sheer volume of data generated daily poses a significant challenge for businesses to comprehend and extract valuable insights from their vast datasets. End-to-end data lineage, facilitated by data catalogs, helps businesses gain a comprehensive understanding of the data's origin, transformation processes, usage, and significance.
Integration with Big Data & IoT: As the adoption of Internet of Things (IoT) and big data technologies increases across various industries, organizations are faced with vast amounts of diverse and complex data generated from interconnected devices, sensors, and systems. This data, often referred to as big data, holds valuable insights that can drive business decisions, optimize processes, and enhance overall operational efficiency. However, handling and making sense of this massive volume of data can be challenging. Data catalogs play a crucial role in addressing this challenge by providing a centralized and organized inventory of all data assets within an organization. They act as a comprehensive repository that indexes and categorizes data from various sources, making it easily accessible to data users, analysts, and decision-makers.
What are the factors driving the Data Catalog demand in North America region?
In 2022, North America held the largest share of the global data catalog market, accounting for over 36% of the total revenue. The region's dominance can be attributed to the extensive adoption of digital technology and the growing demand for business intelligence solutions across various industries. The acceptance of self-service analytics, rapid expansion of traditional organizations, and the increasing volume of data generated from diverse sectors have significantly contributed to the high demand for data catalog systems and services in North America, driving the market's expansion in the region.
What are the factors driving the growth in Data Catalog services in Asia Pacific region?
Asia Pacific is expected to register the highest compound annual growth rate (CAGR) from 2022 to 2031. The region experiences pervasive digitalization, leading to a substantial generation of datasets. This trend has created a surge in demand for data catalog services, supporting business growth in the region. Furthermore, with the rapid growth of mobile and web application development in the APAC region, the need for access to vast amounts of corporate data has increased. This has further propelled the demand for data catalogs as these applications require interoperability with enterprise systems, thus driving market growth. Standard protocols, mobile-first libraries, and infrastructure are utilized in mobile and online apps to expose and utilize multiple data sources, serving various mobile and web-based platforms.
Does Europe account for a prominent Data Catalog market share?
Europe, known for its technological advancements, is a significant driver and adopter of modern technology, with several prominent tech centers. Germany, in particular, is a major market in Europe, experiencing rising demand for AI-based business intelligence tools and software, contributing to the growth of data catalog sales. Additionally, the presence of major market players in the region further drives the market's expansion.
Why Middle East & Africa region is characterized by a diverse market landscape?
Throughout the forecast period, the data catalogue market is anticipated to expand steadily in the Middle East and Africa region. The need for efficient data management and analytics solutions, including data catalogues, is projected to grow as digital transformation spreads across the region's diverse industries. The requirement for improved data access and control is essential given the growing IT infrastructure and government programmes focusing on digital transformation and smart city projects.
What is the Outlook on Data Catalog Sales in Latin America?
Latin America faces challenges in terms of digital infrastructure in rural areas and underdeveloped nations, leading to a significant portion of the population being excluded from the internet era. However, despite these challenges, the region is witnessing growth in the fintech industry, especially after the paradigm shift caused by the pandemic. Organizations like the Latin America Open Data Initiative, the Inter-American Development Bank, and ABRELATAM are actively working to enhance open data programs, aiming to address issues such as violence against women, corruption reduction, and improved healthcare delivery.
Leading Data Catalog Manufacturers & Competitive Landscape:
The landscape in the global data catalog market is characterized by presence of several key players, thus adding to the level of competitiveness. These companies focus on technological advancements, product innovation, and strategic collaborations to gain a competitive edge. Market competition is driven by factors such as pricing, product performance, customer service, and global market reach, leading to a dynamic and evolving competitive environment.
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Talend Inc.
- Precisely Inc.
- Alation Inc.
- Apache Software Foundation
- Zaloni, Inc.
- Informatica Inc.
- Hitachi Vantara Corporation
Market size available for the years
Compound Annual Growth Rate (CAGR)
Component, End-User Industry, and Regions
North America: The U.S. & Canada
Latin America: Brazil, Mexico, Argentina, & Rest of Latin America
Asia Pacific: China, India, Japan, Australia & New Zealand, ASEAN, & Rest of Asia Pacific
Europe: Germany, The U.K., France, Spain, Italy, Russia, Poland, BENELUX, NORDIC, & Rest of Europe
The Middle East & Africa: Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, and Rest of MEA
Fastest Growing Country in Asia-Pacific
IBM Corporation, Microsoft Corporation, Oracle Corporation, Talend Inc., Precisely Inc., Alation Inc., Apache Software Foundation, Zaloni, Inc., Informatica Inc., Hitachi Vantara Corporation.
By Deployment Mode:
By End-user Industry:
- Retail & E-commerce
- Other End-user Industries
Segmentation By Region:
- United States
- The U.K.
- Rest of Europe
- South Korea
- Australia & New Zealand
- Rest of Asia Pacific
Middle East & Africa:
- Saudi Arabia
- South Africa
- United Arab Emirates
Frequently Asked Question
What are some key trends driving revenue growth of the global data catalog market?
Some key trends driving market revenue growth include rising need for data-backed decisions, integration of cloud-based technologies, adoption of self-service analytics and adoption of digitization. Positive changes in these Data Catalog market trends are expected to propel market growth.
Which industries are the primary consumers of data catalogs?
The primary industries consuming data catalogs include BFSI, Retail & E-commerce, Healthcare and Manufacturing.
What are some factors impacting the competitive landscape of the global data catalog market?
The competitive landscape is influenced by factors such as technological advancements, product innovation, pricing strategies, customer service, global market reach, and strategic collaborations among key players.
How can I obtain more information about the global data catalog market report?
To obtain more information about the global data catalog market report, you can fill in the form provided to request a sample. Leave your contact details, and a research team member or concerned person will get in touch with you at the earliest to provide additional details and address any specific queries you may have.
What is the expected growth rate of the global data catalog market?
The expected growth rate of the global data catalog market is projected to be 21.0 % during the forecast period.