Global Data Discovery Market
The Global Data Discovery Market was valued at USD 4.53 billion in 2016 and is projected to reach USD 23.34 billion by 2025, growing at a CAGR of 19.98% from 2017 to 2025.
Data discovery is the process of extracting actionable patterns from data. The extraction is performed by humans or by artificial intelligence systems. Data discovery is a type of data use that relies on technologies that have enabled the aggregation and use of big data. Data discovery solution is easy to use, agile and flexible, reduces time to insights, allows easy handling of a high volume and variety of data, and provides real-time analytics.
1. Market Drivers
1.1 Rising usage of machine learning leads to rising data generation
1.2 Growing adoption by small and medium businesses
1.3 Increasing need for data-driven decision making
1.4 Increasing trend for self-service BI tools
1.5 Managing continuously growing data from multiple data sources
2. Market Restraints
2.1 Concerns for data security and privacy
2.2 Increasing complexities with data synchronization
The Global Data Discovery Market is segmented on the organization size, component, deployment model, application, vertical, and region.
1. Organization Size:
1.1 Large Enterprises
1.2 Small and Medium Organizations
2. By Component:
2.2.1 Managed services
2.2.2 Professional services
18.104.22.168 Support and maintenance services
22.214.171.124 Consulting services
3. By Deployment Mode:
4. By Application:
4.1 Asset management
4.2 Risk management
4.3 Customer experience management
4.4 Social network analysis
4.5 Workforce management
4.6 Cost optimization
4.7 Network management and optimization
4.8 Supply chain management and procurement
4.9 Sales and marketing optimization
5. By Vertical:
5.2 Government and Defense
5.3 IT and Telecom
5.4 Banking, Financial Services, and Insurance (BFSI)
5.5 Transportation and Logistics
5.6 Retail and e-commerce
5.7 Media and Entertainment
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
The major players in the market are as follows:
1. Oracle Corporation
3. Microstrategy, Inc.
4. Qlik Technologies, Inc.
5. Tibco Software Inc.
7. Datameer, Inc
8. Cloudera, Inc.
9. Datawatch Corporation
10. Clearstory Data
11. Tableau Software, Inc.
12. Birst, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Data Discovery Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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