data discovery software and services are rapidly taking over from traditional Business Intelligence (BI) tools, which cannot be utilized and accessed without help from the technical staff. Major drivers of the data discovery market are rising trends of self-service BI tools and generating insights & discovering trends from increasing volume of data. The data discovery market faces challenges, such as security & privacy concerns and shifting from traditional architecture to new systems. Major factors that is restraining the growth of the market is unclear Returns on Investment (RoI).
Scope of the Report:This report studies the Data Discovery market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Data Discovery market by product type and applications/end industries.
On-premises deployment model has a higher adoption, as compared to the cloud deployment model. This is mainly because of it attributes, such as confidentiality and privacy parameters to the organizational data. The Baking, Financial Services, & Insurance (BFSI) segment has shown the largest market share in vertical segment, where solutions are used to predict to tackle issues, such as insufficient data modeling capabilities. It helps identify potential customer segments, trap them with effective offers, and come up with the most efficient investment plan. However, the manufacturing industry is poised to grow at the highest rate during the forecast period, which will help them in streaming real-time analytics ingesting from sensors and devices in the factory environment.
The global Data Discovery market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of 20.1% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Data Discovery.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers Tableau Software, Inc.
Datawatch Corporation
Datameer, Inc.
Tibco Software Inc.
SAP SE.
Cloudera, Inc.
Birst, Inc.
Clearstory Data
Platfora
Oracle Corporation
Qlik Technologies, Inc.
Microstrategy, Inc.
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Software
Services
Market Segment by Applications, can be divided into Risk management
Customer experience management
Social network analysis
Cost optimization
Supply chain management and procurement
Sales and marketing optimization
Asset management
Others (workforce management, network management, and optimization)
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.