Industry Background:
Data discovery used to find meaningful patterns in your data by joining multiple data sources and interactive analysis. A large amount of data with different formats must be handled proficiently for gaining valuable understandings by using data discovery tools. These tools help to take the real-time analysis which is helpful for an organisation so the demand for these tools is more in the market.t could represent additional functionalities incorporated into existing data discovery tools. These might include enhanced data visualization capabilities, more robust analytics algorithms, improved integration with various data sources, or increased support for big data and real-time data processing.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | (Canada), IBM (United States), Sisense (United States), BOARD International (Switzerland), Birst (United States), Domo (United States) and Looker (United States) |
This growth is primarily driven by Availability of a Large Amount of Data in Various Formats and Use of Agile Analytics and Agile Business Intelligence (BI).
Globally, a noticeable market trend is evident Increasing Use of Self-Service BI Tools Major Players, such as (Canada), IBM (United States), Sisense (United States), BOARD International (Switzerland), Birst (United States), Domo (United States) and Looker (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Despite the presence of competition and brand effect problems, due to the awareness of end-users and their demand for high-end products, investors are still optimistic about this area. There will be more new investors entering into this industry in the future.
Key Developments in the Market:
In November 2023 Exterro, a leading provider of legal governance, risk and compliance (GRC) software, today announced it has acquired Divebell, a best-in-class data discovery SaaS solution. By combining Divebell’s sophisticated data discovery capabilities with Exterro’s comprehensive legal GRC platform, including its rich information governance workflows,
In November 2020- Dataguise, a startup with cutting-edge technology to help organizations find and safeguard personal data held across various IT systems and settings, was acquired by PKWARE. As Dataguise's existing offices in the US, India, Europe, and Canada continue to operate; the acquisition will broaden PKWARE's global reach.
Influencing Trend:
Increasing Use of Self-Service BI Tools
Market Growth Drivers:
Availability of a Large Amount of Data in Various Formats and Use of Agile Analytics and Agile Business Intelligence (BI)
Challenges:
Dealing with disparate data sources often results in inconsistent data quality, which can hinder accurate analysis and insights.
Restraints:
Too Much Time Required to Set-Up.
Opportunities:
A Requirement of Real-time Analytics, Increasing the Demand for These Tools and Rising Demand from SMEs
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Data Discovery Tools Market
- Analysis about New Entrants in Data Discovery Tools Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Data Discovery Tools Study Sheds Light on
The Data Discovery Tools Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Data Discovery Tools industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Data Discovery Tools industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.