Data Catalog Market

Data Catalog Market Outlook (2024 to 2034)

Adoption of more sophisticated digital workplace platforms is generating huge demand for data catalog solutions to provide one sole resource for getting reliable information. As such, the global data catalog market is poised to reach US$ 871.2 million in 2024 and thereafter expand at a CAGR of 20.5% to bloat to a value of US$ 5.62 billion by 2034-end.

In recent years, more organizations have been opting for data catalog solutions featuring versatile filtering and searching capabilities. They gather metadata from multiple connected assets. The adoption of machine learning and artificial intelligence (AI) in data catalog services is also positively contributing to market dynamics.

Data catalog solutions enhance data quality and the overall effectiveness of organizations. Multiple factors are anticipated to contribute to the data catalog market growth, including requirements for efficient data management systems, etc. In addition, the imperative for companies to make decisions due to the increasing number of data points is generating requirements for data catalog services. Further, extensive adoption of big data technologies and cloud computing is leading to a preference for big data and cloud computing solutions for managing their ever-expanding data landscapes.

• North America is anticipated to account for 24.3% of the global market share by 2034.
• Demand for data catalog services in Japan is projected to increase at a CAGR of 21.1% from 2024 to 2034.
• The BFSI sector is forecast to hold a 36% share of the global market by the end of 2034.

Several industry verticals, including BFSI (banking, financial services, and insurance), healthcare, e-Commerce, retail, etc. are using data catalog services to create valuable insights for the formation of business strategies. Furthermore, the same solutions also ensure the delivery of effective business-critical decisions. Data catalog services eliminate the requirements for repetitive tasks by offering a central data source to respective end users.

Report Attributes	Details
Data Catalog Market Size (2024E)	US$ 871.2 Million
Forecasted Market Value (2034F)	US$ 5.62 Billion
Global Market Growth Rate (2024 to 2034)	20.5% CAGR
East Asia Market Share (2034E)	23.1% CAGR
Market Share of Data Catalog Solutions (2034F)	58%
South Korea Market Growth Rate (2024 to 2034)	21.4%
Key Companies Profiled	Alation, Inc. Microsoft Corporation Alteryx, Inc. Boomi, Inc. Informatica Amazon Web Services, Inc. IBM Corporation Altair Engineering, Inc.

What is Responsible for the Rapidly Expanding Data Catalog Market Size?

“Increasing Requirements for Data Collection for Developing Data Strategies”

With the increasing use of IoT (Internet of Things), etc. there is an increase in generating insights from incoming data. Multiple unstructured data, which have been gathered from numerous sources, including account information, email correspondences, previous versions of related documents, etc., do not aid in business decisions. Therefore, more businesses prefer data catalog services to organize and synthesize enterprise data from various sources into one accessible and simple format. There are numerous industry verticals, such as BFSI, e-commerce, healthcare, etc. that are leveraging data catalog services to generate meaningful insights for decision-making and business strategies.

How is Demand for Data Catalog Services Being Lessened to Some Extent?

“Misconceptions about Data Security and Privacy Risks”

Organizations are concerned about compliance and security of data. Therefore, they are a bit hesitant to implementing new solutions, including data migration from one platform to another or data handling. A dearth of ample information related to multiple security standards and their implementation is somewhere making more businesses believe that the adoption of data catalog solutions is estimated to lead to breaches. These misconceptions are projected to stymie data catalog solutions adoption.

What Market Opportunities Await Startups in This Business?

“Convergence of ML/MI Tools Ensuring Data Quality”

Aspiring players are estimated to enter the global market to offer more secure and effective data catalog solutions. The incorporation of AI-powered tools in data catalog services improves responsiveness and proactivity in data governance by addressing issues related to data lineage and compliance.

Country-wise Insights

As mentioned in the Fact.MR report, 24.3% share of the global market is anticipated to be held by North America by 2034. This prominence is due to the increasing use of data in multiple BI (business intelligence) tools. Moreover, the rising acceptance of various types of digital technologies in several industries, including manufacturing, BFSI, telecom & IT, and healthcare, is expected to positively influence data catalog market trends.

What is Driving Demand for Data Catalog Services in the United States?

“Constant Advancements in BI Technology Generating Demand for Data Catalog Tools”

Attribute	United States
Market Value (2024E)	US$ 92.7 Million
Growth Rate (2024 to 2034)	21% CAGR
Projected Value (2034F)	US$ 623.1 Million

The United States is anticipated to account for 45.6% share of the North American market by 2034. Constant efforts are put in place in the country in innovation, technological advancements, and R&D activities in BI technology. Moreover, the smart city concept is leading to the generation of raw data. Therefore, an increased requirement for proper access to raw data through BI tools for the extraction of essential information is anticipated to generate demand for multiple types of data catalog tools. Multiple players, including IBM, AWS, Oracle, Informatics, TIBO, etc. are providing improved data catalog services and solutions to match customer requirements in the country.

Why are Data Catalog Service Providers Targeting China?

“Surging Importance of Structured Data Management Tools”

Attribute	China
Market Value (2024E)	US$ 95.4 Million
Growth Rate (2024 to 2034)	20.5% CAGR
Projected Value (2034F)	US$ 617 Million

China is projected to account for 47.5% share of the market in East Asia by the end of 2034. Digital transformation endeavors, surging production of data in multiple sectors, and accelerated technological progress are some factors, that are driving demand for data catalog services. In addition, the prevalence of big data analytics, cloud computing, and AI technologies is expected to generate the need for data catalog solutions. Increasing recognition of the importance of structured data management is projected to facilitate business intelligence and thus ensure compliance.

Category-wise Insights

Growing adoption of cloud-based data catalog solutions is attributed to their enhanced accessibility, flexibility, and scalability, as opined in a study published by Fact.MR, a market research and competitive intelligence provider. The evolution of dynamic and distributed computing environments is leading to the adoption of data catalog solutions for the management and analysis of massive datasets with efficiency.

Which is the Commanding Data Catalog Component?

“Rising Use of Data Catalog Solutions with Increased Emphasis on Data Management”

Attribute	Solutions
Segment Value (2024E)	US$ 540.2 Million
Growth Rate (2024 to 2034)	19.7% CAGR
Projected Value (2034F)	US$ 3.26 Billion

Data catalog solutions are anticipated to hold a 58% share of global market revenue by 2034. More organizations are emphasizing comprehensive data management, which is leading to increased requirements for resilient data catalog solutions for facilitating effective data accessibility, organization, and categorization. Further, these solutions are instrumental in streamlining data workflows and optimizing data governance. The intricate nature of respective data ecosystems is leading to the implementation of data catalog solutions.

Why is There High Demand for Data Catalog Tools in the BFSI Sector?

“Implementation of Stringent Laws Stimulating Use of Data Catalog Services”

Attribute	BFSI
Segment Value (2024E)	US$ 331.06 Million
Growth Rate (2024 to 2034)	19.9% CAGR
Projected Value (2034F)	US$ 2.02 Billion

The BFSI sector is estimated to contribute 36% of the global data catalog market share by the end of 2034. The banking sector is subject to intensive data collection and government laws. With technological advancements, more consumers are preferring smart devices, such as smartphones. This is estimated to promote the utilization of data catalog solutions offering data analytics with a centralized control unit for the evaluation and discovery of data assets.

An increase in data generation with the adoption of digital technology in the BFSI sector generates issues related to compliance and management. Multiple existing financial firms, including insurers, banks, asset managers, etc. need to embrace data transformation.

Competitive Landscape

Prominent global players are actively pursuing certain marketing tactics, including acquisitions, technological innovations, R&D activities, collaboration, etc. to expand their presence globally.

For instance :

• IBM and Amazon Web Services entered into an arrangement in May 2022. This arrangement is estimated to help IBM concentrate on offering a huge spectrum of catalog services as SaaS (Software-as-a-Service) on the AWS platform.

Key players in the data catalog industry include Alation, Inc., Microsoft Corporation, Alteryx, Inc., Boomi, Inc., Informatica, Amazon Web Services, Inc., IBM Corporation, and Altair Engineering, Inc.

Segmentation of Data Catalog Market Research

• By Component :

  • Solutions
  • Services

• By Data Consumer :

  • BI Tools
  • Enterprise Applications
  • Mobile & Web Applications

• By Deployment :

  • Cloud
  • On-premise

• By End User :

  • BFSI
  • Retail & e-Commerce
  • Healthcare
  • Manufacturing

• By Region :

  • North America
  • Europe
  • East Asia
  • Latin America
  • Middle East & Africa
  • South Asia & Oceania