Data Catalog Market 2024 | Size, Top Trends, Growth, Share, Key Drivers | Microsoft Corporation, Amazon Web Services Inc., International Business Machines Corporation, Oracle Corporation, Hitachi Vantara Corporation

Overview and Scope
A data catalog refers to a centralized inventory of data assets within an organization, utilizing metadata to create an informative and searchable database of all available data resources and to help data professionals quickly find relevant data for analytical or business purposes, enabling efficient data discovery, understanding, and usage.

Sizing and Forecast
The data catalog market size has grown strongly in recent years. It will grow from $0.89 billion in 2023 to $1.10 billion in 2024 at a compound annual growth rate (CAGR) of 24.6%. The growth in the historic period can be attributed to rise of big data, regulatory compliance requirements, data silos and fragmentation, shift to cloud computing, demand for self-service analytics.

The data catalog market size is expected to see strong growth in the next few years. It will grow to $2.67 billion in 2028 at a compound annual growth rate (CAGR) of 24.8%. The growth in the forecast period can be attributed to AI-driven metadata management, data governance and privacy enhancements, hybrid and multi-cloud data management, advanced data discovery and exploration. Major trends in the forecast period include data catalogs as a service (DCaaS), embedded data catalogs in analytics platforms, enhanced data collaboration features, data catalogs for dataOps and devOps integration, augmented data catalogs with natural language processing (NLP).

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Segmentation & Regional Insights
The data catalog market covered in this report is segmented –

1) By Component: Solutions, Services
2) By Deployment Mode: Cloud, On-Premise
3) By End-user Industry: Banking, Financial Services, and Insurance, Retail And E-commerce, Healthcare, Manufacturing, Other End-user Industries

North America was the largest region in the data catalog market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data catalog market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
Increasing cybersecurity threats are expected to propel the growth of the data catalog market going forward. Cybersecurity threats refer to potential risks or dangers that arise from vulnerabilities in computer systems, networks, and digital infrastructure. The reasons for rising cybersecurity threats include the proliferation of IoT devices with limited security features, new attack vectors, lack of robust cybersecurity measures, such as firewalls, antivirus software, intrusion detection systems, encryption, and access controls. Data catalogs support compliance efforts with data protection regulations, such as GDPR, CCPA, HIPAA, and PCI DSS, by providing visibility into data usage, storage, and access patterns. Organizations can use data catalogs to demonstrate compliance with regulatory requirements, implement data retention policies, and monitor data access for audit purposes. For instance, in March 2023, according to a report published by the FBI’s Internet Crime Complaint Center (IC3), a US-based government, the IC3 received a total of 847,376 complaints in 2021, which is an increase compared to the previous year’s 791,790 complaints in 2020, the total data loss has grown from $6.9 billion in 2021 to more than $10.2 billion in 2022. Therefore, increasing cybersecurity threats are driving the growth of the data catalog market.

Key Industry Players
Major companies operating in the data catalog market are Microsoft Corporation, Amazon Web Services Inc., International Business Machines Corporation, Oracle Corporation, Hitachi Vantara Corporation, Tableau Software LLC, Informatica LLC, TIBCO Software Inc., Alterynx Inc., Unifi Software Inc., QlikTech International AB, Altair Engineering Inc., Boomi Inc., Precisely Inc., Talend Inc., Alation Inc., Datawatch Corporation, Tamr Inc., BigID Inc., Zaloni Inc., Atlan Pte. Ltd. , Collibra Inc., Okera Inc., Apache Software Foundation, Waterline Data Inc.

The data catalog market report table of contents includes:

1. Executive Summary

2. Data Catalog Market Characteristics

3. Data Catalog Market Trends And Strategies

4. Data Catalog Market – Macro Economic Scenario

5. Global Data Catalog Market Size and Growth

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32. Global Data Catalog Market Competitive Benchmarking

33. Global Data Catalog Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Data Catalog Market

35. Data Catalog Market Future Outlook and Potential Analysis

36. Appendix