Global Data Discovery Market Overview:
Data discovery is the process of obtaining actionable information by finding patterns in data from multiple sources with interactive visual analysis. The increasing number of data day-by-day has created concern among organizations to use them for business profit. However, traditional data discovery methods have now become obsolete as they are time consuming. The need to have real-time analytic has upsurge the demand for data discovery. The organizations are realizing the advantages of data analysis and are using them as a central focus part in their operations. The low-cost cloud model has majorly driven the demand for data discovery in small & medium enterprises. According to AMA, the Global Data Discovery market is expected to see growth rate of 20.15%
- Need for Insights Generation from Multi-Structured Data Sources
- Adoption of Big Data Technology
- Demand for Data Analysis Services
- Trend For Self-Service Business Intelligence Tools
- Uncertain Return On Investment (ROI)
- Increasing Machine Learning Leading To Increase In Data Generation
- High Adoption Rate In Small & Medium Enterprises
- Growing Popularity For Data Driven Decision-Making
- Data Security and Privacy Concerns
Some of the key players profiled in the report are QlikTech International AB (United States), Tableau Software (United States), Microsoft Corporation (United States), SAP SE (Germany), SAS Institute (United States), Cloudera (United States), Birst (United States), Datawatch Corporation (United States), Oracle Corporation (United States), Datameer (United States), Clearstory Data (United States), MicroStrategy Inc. (United States), Logi Analytics (United States), ClearStory Data (United States) and TIBCO Software Inc. (United States). Considering Market by Components, the sub-segment i.e. Software will boost the Data Discovery market. Considering Market by Industry, the sub-segment i.e. BFSI will boost the Data Discovery market. Considering Market by Deployment, the sub-segment i.e. On-Premise will boost the Data Discovery market. Considering Market by Organization Type, the sub-segment i.e. Large Enterprise will boost the Data Discovery market.
In July 2019, Xact Data Discovery (XDD) completed acquisition of QDiscovery with aim to expand its discovery services in the United States market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Data Discovery market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Data Discovery market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Data Discovery Providers, Cloud Service Providers, IT Service Providers, Data Discovery Service Providers, Market Research and Consulting Firms, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End User Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.