The Data Discovery Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Data Discovery Global Market Report 2024, The data discovery market size has grown rapidly in recent years. It will grow from $13.95 billion in 2023 to $16.24 billion in 2024 at a compound annual growth rate (CAGR) of 16.4%. The growth in the historic period can be attributed to increasing volume and complexity of data, rise of big data analytics, shift towards self-service analytics, regulatory compliance requirements, demand for real-time analytics.
The data discovery market size is expected to see rapid growth in the next few years. It will grow to $31.53 billion in 2028 at a compound annual growth rate (CAGR) of 18.0%. The growth in the forecast period can be attributed to focus on data governance and privacy, expanded adoption in small and medium enterprises (semes), focus on data democratization, enhanced data visualization and storytelling. Major trends in the forecast period include advancements in artificial intelligence (AI) and machine learning (ML), emergence of cloud computing, augmented analytics, integration of natural language processing (NLP), self-service data exploration.
The increasing need for structured and unstructured data is driving the growth of the data discovery market going forward. Structured data refers to information that has been organized into a formatted repository, whereas unstructured data is information that lacks a predefined data model or is not organized in a predefined way. Enterprises may extend data access to all employees by integrating data discovery tools, allowing data teams and business analysts to comprehend and cooperate on data-related topics. For instance, in 2022, according to the article by Techjury, a US-based software company, the requirement to manage unstructured data is cited by 95 percent of firms as a challenge, and 97.2 percent of businesses are investing in big data and artificial intelligence for the growth of their businesses and brands. Therefore, increasing the use of structured and unstructured data is driving the data discovery market.
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The data discovery market covered in this report is segmented –
1) By Component: Software, Service
2) By Deployment Model: Cloud-Based, On Premises
3) By Organization Size: Large Enterprises, Small Enterprises
4) By Industry Verticals: Banking, Financial Services, and Insurance (BFSI), Telecommunications and IT, Retail and E-Commerce, Manufacturing, Energy and Utilities, Other Industry Verticals
Major companies operating in the data discovery market are launching new data discovery connectors to increase their profitability in the market. Data discovery connectors are tools or components designed to facilitate the discovery of data by establishing connections with various data sources. For instance, in June 2023, OneTrust, a Georgia-based company that specializes in trust intelligence launched new data discovery connectors. OneTrust broadens data discovery with connectors for 200+ sources, covering on-premises, cloud, structured, unstructured data, and more. The platform offers AI-driven classification, regulatory insights, and policy enforcement for automated data security and governance. This solution integrates consent, preference, and privacy controls, empowering contemporary enterprises to uphold ethical data practices across the entire data journey.
The data discovery market report table of contents includes:
- Executive Summary
- Data Discovery Market Characteristics
- Data Discovery Market Trends And Strategies
- Data Discovery Market - Macro Economic Scenario
- Global Data Discovery Market Size and Growth
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- Global Data Discovery Market Competitive Benchmarking
- Global Data Discovery Market Competitive Dashboard
- Key Mergers And Acquisitions In Data Discovery Market
- Data Discovery Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- com lnc.
- Alphabet Inc.
- Microsoft Corporation
- Hitachi Ltd.
- IBM Corporation
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The global sensitive data discovery market size to grow from USD 5.1 billion in 2020 to USD 12.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.1% during the forecast period.
Various factors such as the growing need to discover sensitive structured and unstructured data, increasing investments in data privacy with evolving regulations, and rise in remote workers and real-time data access are expected to drive the adoption of the sensitive data discovery solutions and services.Sensitive data discovery is the process of identifying and locating sensitive data to protect or securely remove pieces compromising information.
Sensitive data discovery solutions remediate compliance breaches in real-time and quarantine, delete, or revoke access to exposed data.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=191231584Some of the key players operating in the sensitive data discovery market include IBM (US),Microsoft (US),Oracle (US), AWS (US), Proofpoint (US), Google (US), SolarWinds (US), Micro Focus (UK), PKWARE (US), Thales (France), Spirion (US), Egnyte (US), Netwrix (US), Varonis (US), Digital Guardian (US), Solix (US), Immuta (US), MENTIS (US), Ground Labs (US), Hitachi (Japan), Nightfall (US), Securiti (US), DataGrail (US), Dathena (Singapore), BigID (US), DataSunrise (US), and 1touch.io (US).
These sensitive data discovery vendors have adopted various organic and inorganic strategies to sustain their positions and increase their market shares in the global sensitive data discovery market.IBM was founded in 1911 and is headquartered in New York, US.
As of December 31, 2019, IBM’s total employee strength, including that of its wholly owned subsidiaries, was 352,600.
IBM offers smarter data protection platform that offers actionable insights, real-time controls, and automated compliance support through data discovery and classification.
Data Discovery Software Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Data Discovery Software industry with a focus on the Chinese market.
The report provides key statistics on the market status of the Data Discovery Software manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Overall, the report provides an in-depth insight of 2014–2024 global and Chinese Data Discovery Software market covering all important parameters.The key points of the report:The report provides a basic overview of the industry including its definition, applications and manufacturing technology.The report explores the international and Chinese major industry players in detail.
In this part, the report presents the company profile, product specifications, capacity, production value, and 2014–2019 market shares for each company.Through the statistical analysis, the report depicts the global and Chinese total market of Data Discovery Software industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.The report then estimates 2019–2024 market development trends of Data Discovery Software industry.
Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.The report makes some important proposals for a new project of Data Discovery Software Industry before evaluating its feasibility.Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-data-discovery-software-2019-2024-96There are 3 key segments covered in this report: competitor segment, product type segment, end use/application segment.For competitor segment, the report includes global key players of Data Discovery Software as well as some small players.
At least 10 companies are included:TARGITTIBCO SoftwareOracleCA TechnologiesGround LabsControlCaseThe information for each competitor includes:Company ProfileMain Business InformationSWOT AnalysisSales, Revenue, Price and Gross MarginMarket ShareFor product type segment, this report listed main product type of Data Discovery Software market in gloabal and china.Web-BasedInstalledFor end use/application segment, this report focuses on the status and outlook for key applications.
End users sre also listed.SMEsLarge OrganizationReasons to Purchase this Report:Estimates 2019–2024 Data Discovery Software market development trends with the recent trends and SWOT analysisMarket dynamics scenario, along with growth opportunities of the market in the years to comeMarket segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspectsRegional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.Market value (USD Million) and volume (Units Million) data for each segment and sub-segmentCompetitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five yearsComprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players1-year analyst support, along with the data support in excel format.Any special requirements about this report, please let us know and we can provide custom report.Get the Complete Report & TOC at https://www.24marketreports.com/ict-and-media/global-data-discovery-software-2019-2024-96CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24-market-reports
Data, if leveraged wisely, can help you unlock insights that can assist you in making informed business decisions.
Let’s look at the different processes involved in the overall data lifecycle, right from the collection and preparation to processing and interpretation.Data IngestionIngesting data from diverse sources to a single storage medium where it may be accessed, used, and analyzed by an organization is known as data ingestion.
You can ingest data from complex sources like SAP Business API services (BAPI), Double Click Manager (DCM), etc.
DataBlaze Software, a Data Integration tool offers significant value to its users through its key features including knowledge graph, automated metadata mapper, machine learning pipeline, augmented data discovery, strategy processor, and dataset for visualization.Data AugmentationData augmentation refers to strategies for increasing the quantity of data by adding slightly changed copies of current data or creating new synthetic data from existing data.
AutoML and Google AutoAugment can also be used for determining which augmentations will work best for the dataset at hand.
Data DiscoveryData discovery is the process of gathering and analyzing data from multiple sources to identify trends and patterns in the data.
