The Data Catalog Market size is estimated at USD 2.61 billion in 2024, and is expected to reach USD 2.95 billion by 2029, growing at a CAGR of 2.5% during the forecast period (2024-2029).
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.
The Data Catalog Market is expected to move towards fragmentation owing to the presence of several significant players globally. Market players are adopting advanced strategies such as collaboration, mergers and acquisitions, and partnerships to capture a substantial market share in the global market. Major vendors in the market are IBM, Informatica, Alteryx, Collibra, Alation, Microsoft, TIBCO Software, Datawatch Corporation, and Zaloni, among others.
Some of the key developments are observed. In October 2022, IIGCC launched a data catalog to help its members review and select data vendors to support the implementation of investor net zero commitments and transition plans across three asset classes: Corporates (listed equity and debt), Real estate, and Sovereign bonds. Also, in September 2022, Alation partnered with Fivetran, a global leader in modern data integration. Following their collaboration, the businesses wanted to make it possible for their clients to understand and locate the entire data context in the latest data stack. The partnership combined reliable, controlled data from many sources into a single perspective using the Fivetran Metadata API. This enhances decision-making and data pipelines while increasing data visibility.
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