Global Data Discovery Market Size, Share, Trend, and Forecast 2021 – 2030
Global Data Discovery Market Size is expected to be worth USD 7.50 billion in 2021 and is estimated to reach up to USD 20.03 billion by 2030, at a compound annual growth rate (CAGR) of 15.60% from 2021 to 2030.
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The growing demand from businesses for services related to data visualisation and exploratory analysis is expected to fuel a rapid expansion of the data discovery market in the upcoming years. The key factors driving the data discovery industry’s growth are the growing importance of data-driven decision-making, the development of insights from a wider range of multi-structured data sources, and the growing trends in self-service business intelligence (BI) tools. Applications in the data discovery sector make use of visual aids such as heat maps, pivot tables, and location maps to help identify patterns more quickly and effortlessly.
It is expected that businesses providing solutions and services for data discovery will experience a brief slowdown in growth. But with work-from-home opportunities, the focus on vaccine development, and eHealth, there is an explosion of structured and unstructured data that needs to be found and handled well in order to produce insights. The market would see positive expansion throughout the projected period, with the exception of a minor slowdown in 2020. The widespread use of COVID-19 has given rise to a number of worries regarding compliance, security, privacy, and data protection. Businesses and organisations need to ensure that their data discovery solutions are secure and enable data analysis for important business decisions in light of these challenges.
Data modelling skills gaps among bank employees are addressed by data discovery technologies, which enable bank employees to analyse data to enhance the client experience. It’s useful to identify prospective customer groups and entice them in with tempting offers. More importantly, after doing a careful risk analysis, data discovery helps financial service providers like banks to develop business models and make informed investment decisions.
List of Key Companies
- IBM Corporation
- Oracle
- Dell Inc.
- Commvault Systems, Inc.
- Microsoft
- Veritas
- Acronis International GmbH
- Unitrends.
- Hewlett Packard Enterprise
- Veeam Software
- NetApp, Inc
- Amazon Web Services, Inc.
Market segmentation:
By Component
- Software
- Services
- Support
- Maintenance
- Deployment
- Integration
- Consulting
By Organization Size
- Small- and Mid-Sized Businesses (SMBs)
- Large Enterprises
Competitive analysis:
The competitive analysis section of the Global Virtual Cards Market research report provides a detailed study of the competitive landscape within the market. It aims to identify and assess key market players, their strategies, and their impact on overall market dynamics. Each company’s profile provides insight into its business profile, product portfolio, geographic presence, and recent developments. This information helps stakeholders to gain a comprehensive understanding of market participants and their capabilities.
In addition, competitive analysis examines the market share held by each major player and assesses their position within the market. Assessing relative market strength considers factors such as revenue, market capitalization, and market share growth over time. By understanding the distribution of market shares, industry participants can identify key players and their market power.
Browse 55 market data tables and 48 figures spread through 263 pages and in-depth TOC on “Global Data Discovery Market Size, Share, and COVID-19 Impact Analysis, By Component (Software, Services, Support and Maintenance, Deployment and Integration, and Consulting), By Organization Size (Small- and Mid-Sized Businesses (SMBs) and Large Enterprises), By Deployment Mode (On-premises, and Cloud), By Industry Vertical (BFSI, Telecommunications and IT, Retail and E-commerce, Manufacturing, and Energy and Utilities), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030”.
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The Global Data Discovery Market Research Report aims to answer the following key questions:
- What are the main products and services offered in the market and how are they evolving to meet changing consumer demands?
- What are the key technological advances and innovations impacting the market and how will they affect the competitive landscape?
- What are the key distribution channels and marketing strategies market players employ to effectively reach their target audience?
- What are the price trends in the market, and how do prices change across different product segments and geographies?
- How will changing demographic patterns, such as age groups and income levels, affect consumer behaviour and market demand?
- What are the key cost factors and factors that influence the profitability of companies in the Global Data Discovery Market?
- How will sustainability and environmental considerations affect consumer preferences and market growth in this sector?
- What are the investment opportunities and challenges for new entrants and investors looking to enter the market?
- How do government policies and regulations impact market dynamics and shape industry strategies?
- What are the current supply chain trends and challenges in the market, and how do they affect product availability and pricing?
- What are the levels of customer satisfaction and loyalty within the market, and how do market participants differentiate in terms of service quality?
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