Data Discovery Market Analysis and Growth Strategies: Riding the Current Trends

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.

The COVID-19 impact assessment included in this report makes it highly distinctive from other market reports of the same category. Researchers have drawn a major focus on the significant impact of the COVID-19 pandemic on the Data Discovery market. This section depicts the pandemic’s effects on the global economic scenario, which have further impacted the Data Discovery business sphere. The report evaluates the key market influencing factors and considers the COVID-19 pandemic as one of the contributing elements for the market’s potential downturn.

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The leading market contenders listed in the report are:

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

The research study examines historic data from 2018 and 2020 to draw forecasts until 2030. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.

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Market Overview:

The report bifurcates the Data Discovery market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

• 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
  • Government
  • Healthcare & Life Sciences
  • Retail
  • Manufacturing
  • Media & Entertainment
  • Telecommunications & Information Technology
  • Transportation & Logistics
  • Other Verticals

The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.

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Regional Analysis Covers:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key reasons to buy the Global Data Discovery Market report:

1. The latest report comprehensively studies the global Data Discovery market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
2. The report offers an insightful analysis of the regional outlook of the market.
3. It offers a detailed account of the end-use applications of the products & services offered by this industry.
4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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