About Data Discovery
Data discovery is the process of obtaining actionable information by finding patterns in data from multiple sources with interactive visual analysis. The increasing number of data day-by-day has created concern among organizations to use them for business profit. However, traditional data discovery methods have now become obsolete as they are time consuming. The need to have real-time analytic has upsurge the demand for data discovery. The organizations are realizing the advantages of data analysis and are using them as a central focus part in their operations. The low-cost cloud model has majorly driven the demand for data discovery in small & medium enterprises.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 20.15% |
The Data Discovery and Visualization Platform Market is driven by key growth drivers. The increasing importance of data-driven decision-making in businesses fuels market expansion. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Data Discovery market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
QlikTech International AB (United States), Tableau Software (United States), Microsoft Corporation (United States), SAP SE (Germany), SAS Institute (United States), Cloudera (United States), Birst (United States), Datawatch Corporation (United States), Oracle Corporation (United States), Datameer (United States), Clearstory Data (United States) and MicroStrategy Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Logi Analytics (United States), ClearStory Data (United States) and TIBCO Software Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Data Discovery market by Type (Visual Exploration Tools, Data Profiling and Search-Based Data Discovery), Application (Risk Management, Customer Experience Management, Social Network Analytics, Cost Optimization, Supply Chain Management and Procurement, Sales and Marketing Optimization, Assets Management and Others) and Region.
On the basis of geography, the market of Data Discovery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Software will boost the Data Discovery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry, the sub-segment i.e. BFSI will boost the Data Discovery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On-Premise will boost the Data Discovery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Type, the sub-segment i.e. Large Enterprise will boost the Data Discovery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Trend For Self-Service Business Intelligence Tools
Market Growth Drivers:
Need for Insights Generation from Multi-Structured Data Sources, Adoption of Big Data Technology and Demand for Data Analysis Services
Challenges:
Data Security and Privacy Concerns.
Restraints:
Uncertain Return On Investment (ROI).
Opportunities:
Increasing Machine Learning Leading To Increase In Data Generation, High Adoption Rate In Small & Medium Enterprises and Growing Popularity For Data Driven Decision-Making
Market Leaders and their expansionary development strategies
In May 2023 Qlik Tech International AB today said announced it has closed its acquisition of Talend Inc., which was announced in January. and The merged companies will be led by Qlik Chief Executive Mike Capone (pictured), who has spearheaded a campaign to build a data integration,
In May 2023 Qlik® today announced it has closed its acquisition of Talend, expanding the company’s best-in-class capabilities for modern enterprises to access, transform, trust, analyze, and take action with data.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Data Discovery Providers, Cloud Service Providers, IT Service Providers, Data Discovery Service Providers, Market Research and Consulting Firms, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End User Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.