Data Discovery Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Data Discovery Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : March, 2020 | Technology & Media | PPT format

Report Digest


Global Data Discovery Market: Snapshot

Data discovery is one of the more crucial processes in the process of business intelligence. The key intention of data discovery is to the produce and use reports of an interactive nature that can be used to generate and explore data coming in from multiple sources. This is essentially a user-driven process that involves finding patterns and particular objects within a data set. Some of the visual tools used in data discovery include heat maps, pivot tables, and regional maps, all of which can make the overall process of identifying data patterns a lot faster and more instinctive. Data discovery is therefore a method to help users gather all the facts that they require to perform their jobs in a more efficient and confident manner. 

Data discovery can also imply processes in front end analytics as well as information management processes. In each circumstance, the basis remains the same: a user that has any query regarding their process or function relevant to the overall process shall receive an answer that is simple as well as highly intuitive, without the user spending too much time on it. One of the key advantages that data discovery tools is that they make the process very fast. It is the primary intention of using data discovery tools: to give immediate and accurate answers in the simplest way possible. The data can also be presented in a manner where only conclusions can be seen, without the user having to go through all the research and went behind the scenes.

Global Data Discovery Market: Overview

Data discovery refers to an architecture of business intelligence aimed at developing and employing interactive reports and data from various different sources. Data discovery is process which is driven basically by the user and is required for searching patterns or precise items in a set of data. Applications of data discovery employ visual tools such as heat-maps, pivot-tables, and geographical maps in order to ease down the process of pattern and item exploration and make it more intuitive. Data discovery is known for leveraging techniques of data and statistical mining techniques in order to accomplish the aforesaid goals. 

Data discovery can also be defined as a type of platform for decision–making which refines, structures, and assimilates data. Data discovery is being preferred over traditional business intelligence tools across the globe as the traditional tools cannot be accessed and used without the assistance of a technical staff. Data discovery is at times also referred to as a form of business intelligence that provides the end user with an application to visualize data. 

The market intelligence publication delves into the possible growth opportunities for the global data discovery market and the chronological growth of the market throughout the forecast period. It also uniquely provisions required data related to facers such as dynamics influencing the progress in all possible retrospective manner. Several ubiquitous and non-ubiquitous trends have also been mentioned in the study. An outlook of extensive nature keeping in mind the Porter’s five forces analysis has been provided to make the vendor landscape transparent to the reader. The report further reaches out to point out accomplishments related to R&D, acquisitions, mergers, and crucial partnerships and verifications. The companies in limelight have been analyzed on market shares, products, and key strategies. 

Global Data Discovery Market: Trends in Focus 

The global market for data discovery is expected to witness an extensive growth during the forecast period owing to factors such as the trend of self-service BI tools gaining traction and engendering insights and discovering g new trends from the growing volume of data. The challenges that this market is likely to face are privacy and security concerns and shift in preferences to new systems from the traditional form of architecture. The indistinct Return on Investment is likely to restrain the market growth over the coming years. 

Based on types, the segment of data discovery software is anticipated gain prominence in the data discovery market in the near future. Data discovery software make sure that the data fits in properly in a specific user-specific undertaking and is precise and punctual. Data discovery software comprises software platforms or applications which can be employed in the implementation of data discovery solutions. Vendors in the data discovery market also deliver standalone software, which is a comprehensive solution for the purpose of analyzing and taking action on real-time business proceedings. The software sieves the amassed and augmented data, so that it can be evaluated in order to provide an enhanced throughput from various multiple sources of input data.

Global Data Discovery Market: Regional Insight 

The region that is expected to gain maximum advantage in the global data discovery market is North America owing to high investments in cloud-based solutions, easy and early implementation of emerging technologies, and the presence of numerous players in the region. In spite of being in the nascent stage, Asia Pacific is likely to register strong growth over the coming years. 

Global Data Discovery Market: Vendor Landscape 

Some of the leading participants in the data discovery market are ClearStory Data, Qlik Technologies, Datameer Inc., SAP SE, TIBCO Software, Datawatch Corporation, and Tableau Software. These vendors are opting for different strategies such as collaborations, partnerships, and launch of new products to expand their contributions in the market. 

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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