Data Catalog Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 The solutions segment is anticipated to possess a larger market size through the forecast period in the data catalog market. The combined solution renders optimization of individual productivity, improved data quality, elimination of data duplication and data silos, and simplified data discovery.

The advancement of self-analytic data and the intensification of data in the new-age business are the principal factors that present attractive opportunities for the growth of data catalog solution components. For Instance, According to Seagate, The volume of data/information created, captured, copied, and consumed globally was 79 Zettabytes last year and 97 Zettabytes in the current year and is projected to increase over the forecast period. This accelerated development of digitalization adds to the ever-growing global data.

Several industry verticals, such as Healthcare, Banking, Financial Services, Insurance (BFSI), and retail and e-Commerce, are using data catalog solutions to access and interpret massive volumes of data, form business strategies, and deliver business-critical decisions driving the demand for solution segment. For example, for firms like Alteryx, data cataloging is available through Alteryx Connect. The solution centralizes metrics, business terms and definitions, and information assets for discoverability and collaboration that lets users determine the kinds of information their data includes, who it uses, where it comes from, and how it is used.

The Data Catalog Market size is expected to grow from USD 2.55 billion in 2023 to USD 2.88 billion by 2028, at a CAGR of 2.50% during the forecast period (2023-2028). The major factors driving the growth of the Data Catalog Market include the shift toward digital transformation, increasing adoption of cloud-based solutions, and the global shift towards remote working has further increased the demand for solutions that help in enhancing the security and comfort of work.

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