The data catalog solutions help to access appropriate data residing at heterogeneous sources, and offer real-time availability and efficient way to manage large volumes of data.
Major driving factors for the Data Catalog Market are increasing need for data catalog solutions, automation, need to access large volumes of data stored across various systems to get a consolidated view, reduced infrastructure costs, an increased need to get business insights and real-time availability of data, and growing demand for business intelligence (BI) solutions.
The data catalog market by deployment modes is segmented into the cloud and on-premises. The cloud segment is expected to grow at a higher CAGR during the forecast period. Cloud-based data catalog solutions offer agility, higher scalability, and simple deployment, and help to reduce operational cost.
The data catalog market by the data consumer segments consists of Business Intelligence (BI) tools, enterprise applications, and mobile and web applications. The mobile and web applications segment is expected to grow at the highest CAGR during the forecast period. Increasing mobile data traffic is fueling the adoption of mobile and web application across various industry verticals.
Based on the enterprise size, the data catalog market is segmented into Small and Medium-sized Enterprises (SMEs) and large enterprises. The large enterprises segment is expected to grow at a higher CAGR during the forecast period. With the generation of large volumes of data across various departments, large organizations are compelled to adopt data catalog solutions, as they are proving beneficial to gain a quick access to data.
The data catalog market is also segmented on the basis of end users, including BFSI, healthcare, manufacturing, retail and ecommerce, research and academia, government and defense, media and entertainment, telecom and IT, and others (transportation and oil & gas). The retail and ecommerce segment is expected to grow at the fastest CAGR during the forecast period.