Data Discovery Market (2023-2029) : Global Trends, Growth, and Forecast 2023-2029The data discovery market was estimated to be worth US$ 10.32 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 19.9% to reach US$ 36.77 billion by 2029.
Data discovery is the process of identifying patterns in data that may be put to use. The extraction is carried out by humans or artificial intelligence systems. One type of data usage that is based on technology that have made it possible to gather and use enormous volumes of data is called data discovery. The data discovery system offers real-time analytics, is easy to use, agile, and adaptable, reduces time to insights, and can handle a lot of different types of data.
Benefit of Data Discovery:
1. Better understanding of enterprise data. 2. Automatic data classification based on context. 3. Risk management and regulatory compliance. 4. High data visibility.
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Data Discovery Market Key Players
1. Datawatch Corporation 2. Tableau Software, Inc. 3. Datameer, Inc. 4. SAP SE. 5. Tibco Software Inc. 6. Cloudera, Inc. 7. Clearstory Data 8. Birst, Inc. 9. Platfora 10. Qlik Technologies, Inc. 11. Oracle Corporation 12. Microstrategy, Inc. 13. Hortonworks, Inc. 14. Panorama 15. IBM 16. Microsoft 17. Salesforce 18. SAS Institute 19. Google 20. Micro Focus
Data Discovery Market Segmentation
Because of its advantages over other deployment modes, such as cost savings, quick reaction times, and greater control over service level that results in high performance and maintenance. An organization that assists in hosting services such as networking, software, infrastructure, and more is known as an on-premise service provider. The client organization is in charge of putting up and overseeing its infrastructure in addition to monitoring all transactions.
by Type
Software
Services
by Deployment Mode On-premises
Hosted
by Application
Risk management
Social network analysis
Customer experience management
Cost optimization
Others
by Verticals
BFSI
Government
Healthcare and Life Sciences
Retail
Manufacturing
Others
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Data Discovery Market Report Scope
The Data Discovery market has been analyzed at the global, regional, and country levels, including a segment-wise and region-wise analysis. The report provides a detailed analysis of the Data Discovery market dynamics, including drivers, restraints, challenges, and opportunities. This makes the report a valuable resource for investors. The competitive landscape includes information on mergers, acquisitions, collaborations, and joint ventures in the Data Discovery industry. A bottom-up approach has been used to estimate the Data Discovery market size. Key players in the Data Discovery market have been identified through secondary research, and their revenues have been determined through primary and secondary research. Secondary research involved a review of annual and financial reports of leading manufacturers. Primary research involved interviews with important opinion leaders and Data Discovery industry experts, such as skilled front-line personnel, entrepreneurs, and marketing professionals. SWOT analysis was used to provide insights into the strengths, weaknesses, opportunities, and threats of the Data Discovery key players in the industry.
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Data Discovery Market Regional Analysis
This section of the report discusses the government initiatives in each region that are contributing to the growth of the global Data Discovery market. The Data Discovery market report also includes a geographic overview of the market, market size and share, as well as in-depth research into the business ecosystem, opportunities, and news updates. The report covers all regions: North America, Europe, Asia Pacific, South America, and Middle East and Africa.
Key Questions answered in the Data Discovery Market Report are:
- What is the forecast period of the Data Discovery Market report?
- What is Data Discovery?
- What are the Data Discovery market segments?
- Which segment held the largest Data Discovery market share in 2022?
- What is the expected CAGR of the Data Discovery market during the forecast period?
- What are the opportunities for the Data Discovery Market?
- What are the factors restraining the Data Discovery market growth?
- Which region held the largest Data Discovery market share in 2022?
- Which region is expected to grow at a high rate during the forecast period?
Key offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis of segments and sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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