Data Discovery market is projected to grow at the highest CAGR from 2021 to 2030 | Emergen Research

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Growing need to discover sensitive structured and unstructured data is a key factor driving global data discovery market revenue growth

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The Global Data Discovery Market size is expected to reach USD 30.35 Billion in 2030 and register a steady revenue CAGR of 15.6% over the forecast period, according to latest analysis by Emergen Research. Steady data discovery market revenue growth can be attributed to need to discover sensitive structured and unstructured data. Knowing customers data has much commercial importance as consumers are critical to modern digital businesses. Companies invest a lot of time trying to understand their consumers, first through Master Data Management (MDM) technology and to more recently using sophisticated big data analytics.

However, as businesses increase the number of digital touch points beyond the desktop web and include smart devices, wearables, AI assistants, and IoT, previous approaches for centralizing data and combining knowledge become less viable. Currently, data ‘seeps’ through structured, semi-structured, and unstructured data repositories with ease. It also spreads across data centers and cloud, big data, data lakes, and numerous other internal and external applications. There is customer data everywhere, encoded in a variety of methods and languages. Hence, data discovery is necessary to find such data.

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A recent trend in the market is the use of smart data discovery tools. The use of software that enables preparation, integration, and analysis through interactive data visualizations is how smart discovery has an automated and user-friendly methodology. This has made it possible for the typical business user to begin using data quickly and intuitively.

The major companies Covered in the report are:

IBM, Microsoft, Oracle, Salesforce, Inc., SAS Institute, Inc., Google, Amazon Web Services, Inc., MicroStrategy, Micro Focus, Thales.

Emergen Research has segmented the global data discovery market on the basis of component, deployment mode, vertical, and region:

  • Component Outlook (Revenue, USD Million; 2019–2030)
    • Solutions
    • Services
      1. Professional Services
      2. Managed Services
  • Deployment Mode Outlook (Revenue, USD Million; 2019–2030)
    • On-Premises
    • Cloud
      1. Public Cloud
      2. Private Cloud
      3. Hybrid Cloud
  • Vertical Outlook (Revenue, USD Million; 2019–2030)
    • Banking, Financial Services, Insurance (BFSI)
    • Government
    • Healthcare Life Sciences
    • Retail
    • Manufacturing
    • Media Entertainment
    • Telecommunications Information Technology
    • Transportation Logistics
    • Other Verticals

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  • Regional Outlook (Revenue, USD Million; 2022-2030)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. U.K.
      3. France
      4. Italy
      5. Spain
      6. Sweden
      7. BENELUX
      8. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Israel
      5. Rest of MEA

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Radical Features of the Data Discovery Market Report:

  • The report encompasses Data Discovery market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
  • An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
  • Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
  • Supply chain analysis along with technological advancements offered in the report
  • The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Data Discovery industry

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