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Data Discovery Market by Type, Service, Application, Deployment, Organization Size, Vertical, and Region - Global Forecast to 2021

Data Discovery Market: Global Forecast until 2021

  • January 2017
  • 144 pages
  • ID: 4608254
In this report:
Latin America and MEA are expected to grow at CAGRs of ##.##% and ##.##%, respectively, during the period 2016-2021.
The social network analysis segment is expected to grow from USD ##.## million in 2016 to USD ##,##.## million by 2021, at the highest CAGR of ##.##%.
The BFSI vertical is estimated to have the largest market share and is expected to grow from USD ##.## million in 2016 to USD ##,##.## million by 2021, at a CAGR of ##.##%, as BFSI is the fastest growing industry adopting data discovery tools.

Summary

Table of Contents

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"Rising trend of multi-sourced data-driven decision-making is one of the biggest drivers for the data discovery market globally"

The overall data discovery market size is forecasted to grow from ~$4.3B in 2016 to ~$10.7B by 2021, at a CAGR of 19.80 percent. There is rise in data traffic due to the exponential increase of big data, resulting in exponential rise of big data and Business Intelligence technologies. Therefrom, there is a huge demand for data discovery software & services to analyze the information and get actionable insights.

"The data discovery software accounts for the largest portion of market share during the outlook period"

The data discovery market by software type is projected to grow with the largest part of market share during the estimate period. Data discovery software is being used in different verticals and have different applications. The software filters the aggregated and enriched data, so that it can be analyzed to provide a high throughput from multiple input data sources. Established on the information analyzed, institutions could generate business-related insights and plan the next steps accordingly, as soon as the data arrives. Data discovery software is also being used for asset & liability management, budgetary control management, general ledger management, payables & receivables management, and profitability management.

"Asia Pacific (APAC) is expected to grow at the maximal rate during the outlook period"

North America continent maintains the biggest market share in 2016 and the trend is anticipated to continue in the next years. The data discovery market is showing strong positive trends in the territory as various firms and sectors are adopting data discovery software at severals levels, as a part of their strategy to strive in the sector and rise their productivity. The APAC market is anticipated to witness exponential increase and is forecasted to be the quickest-increasing area for the overall data discovery market. This is due to the growing demand for BI technologies, including data discovery software and services.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with main people. The distribution of profiles of primary members taking part is presented below:

- By Company Type: Tier 1: 33.0 percent, Tier 2: 41.0 percent, and 1/3 3: 26.0 percent

- By Description: C-suite: 47.0 percent, D-level: 35.0 percent, and Others: 18.0 percent

- By area: North america (NA): 42.0 percent, Europe: 18.0 percent, APAC: 30.0 percent, MEA: 4.0 percent, and LA: 6.0 percent

Segment Research

The document breaks down the data discovery market based on type, which comprises software & services and on the basis of services, including managed services and professional services. Under professional services, the analysis is further divided into support & maintenance and consulting services, under deployment models, it is broken down into hosted and on-premises, and under verticals, it includes Banking, Financial Services, & Insurance, government, healthcare, retail & e-commerce, manufacturing, energy & utilities, transportation, IT & telecommunications, and others (real estate, travel & hospitality, and analysis) in the regions of North America, Europe (EU), Asia-Pac, Middle East (ME) & African continent, and Latin America area.

Why acquiring this study can help you

- To get a comprehensive overview of the overall data discovery market

- To benefit wide ranging information about the top actors in this market sphere, their products review, and top strategies approved by them

- To benefit insights of the main countries/localities, in which the data discovery market is flourishing in different industries

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