GITNUX MARKETDATA REPORT 2024

Data Catalog Industry Statistics

The data catalog industry is projected to experience significant growth due to increasing demand for efficient data management and governance solutions.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore key statistics and insights related to the data catalog industry. From the current market size and projected growth to adoption rates and market shares of major players, these statistics shed light on the significance and impact of data catalogs in today’s data-driven world. Let’s dive in to uncover the trends shaping the future of data catalog solutions.

Statistic 1

"The global data catalog market size was valued at $467.42 million in 2020."

Statistic 2

"According to Allied Market Research, the global data catalog market size is projected to reach $1,203.4 million by 2027."

Statistic 3

"Data catalog market will increase at a CAGR of 25.5% during 2021-2028."

Statistic 4

"According to Dresner Advisory Services, 53% of organizations currently use a data catalogue."

Statistic 5

"Nearly 68% of organizations are using or planning to use data catalogs."

Statistic 6

"Amazon Web Services holds the highest share of the Data Catalog market globally."

Statistic 7

"According to Forrester research, Data Catalog adoption in enterprises grew approximately 80% in 2019 ."

Statistic 8

"As per the MarketsandMarkets, the data catalog market in North America is projected to hold the largest market size by 2022."

Statistic 9

"59% of companies say their data catalog is maintained manually, which introduces potential for errors."

Statistic 10

"Mordor Intelligence expects the Data Catalog Market to register a CAGR of 18.5% over the forecast period (2021 - 2026)."

Statistic 11

"In 2020, North America dominated the data catalog market with a revenue share of over 37.5%."

Statistic 12

"The "Services" segment is expected to account for a larger market share during the forecast period according to Research and Markets"

Statistic 13

"36% of organizations say that searching for and accessing data is a challenge without a data catalog."

Statistic 14

"Large enterprises accounted for over 60% of the total data catalog market share in 2019."

Statistic 15

"In 2020, the BFSI sector accounted for more than 25% of the total Data Catalog Market share."

Statistic 16

"IBM's Watson Knowledge Catalog service has over 11K global customers as of 2021."

Statistic 17

"According to a 2020 study, 41% of organizations are likely to deploy a data catalog within the next 12 months"

Statistic 18

"Among companies surveyed by Dresner Advisory Services, 47% cited data catalog as a critical, vital, or very important business intelligence initiative."

Statistic 19

"According to a 2018 study by BARC, companies with a data catalog can access relevant data 22% faster than those without."

In conclusion, the statistics presented indicate a strong upward trend in the adoption and growth of data catalogs in the industry. The market size is projected to see significant expansion, with a notable increase in adoption rates among organizations worldwide. Key players such as Amazon Web Services and IBM are seizing opportunities in this growing market, driving innovation and competition. Despite the promising outlook, challenges such as manual maintenance and data access issues persist, highlighting the need for continuous improvement in data catalog solutions to enhance efficiency and decision-making processes.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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