The Europe Data Discovery Market would witness market growth of 14.8 % CAGR during the forecast period (2023-2030).
Data discovery tools are widely used for business intelligence, allowing organizations to create comprehensive reports and executive dashboards. These reports consolidate key performance indicators (KPIs) and business metrics, giving decision-makers a visual representation of organizational performance. Users can interact with large datasets, identify patterns, and gain deeper insights into their data. These tools empower technical and non-technical users to perform ad-hoc queries and analyses without extensive programming knowledge.
Digital transformation places a strong emphasis on data-driven decision-making. Organizations undergoing digital transformation recognize the strategic value of leveraging data for insights. The tools are instrumental in this context, providing the means to explore and analyze data to inform and support strategic decisions. Digital transformation initiatives often involve empowering business users with self-service analytics capabilities. The tools built for ease of use and accessibility work together to enable non-technical individuals to explore and analyze data independently, fostering an analytics culture across the organization.
The increasing availability and accessibility of the Internet in Spain have played a pivotal role in expanding e-commerce. The widespread use of smartphones has led to a surge in mobile commerce in Spain. With the rise of online transactions, ensuring the security of e-commerce platforms is paramount in Spain. Using data discovery tools to analyze transactional data serves to safeguard businesses and consumers in Spain by detecting and preventing fraudulent activities. According to the International Trade Administration, the number of e-commerce consumers in Spain reached 30 million in 2021. eCommerce penetration was estimated at 63%, and internet penetration at 83% in 2021. By 2025, there will be 37 million eCommerce users, a 25% increase. All these factors will uplift the regional market’s expansion in the coming years.
The Germany market dominated the Europe Data Discovery Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,894.1 million by 2030. The UK market is registering a CAGR of 13.8% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 15.7% during (2023 - 2030).
Based on Offering, the market is segmented into Solutions, and Services. Based on Deployment, the market is segmented into On-premise, and Cloud. Based on Application, the market is segmented into Security & Risk Management, Asset Management, Sales & Marketing Management, Supply Chain Management, and Others. Based on End-use, the market is segmented into BFSI, Retail & E-commerce, Media & Entertainment, IT & Telecommunication, Government, Healthcare & Lifesciences, Transportation & Logistics, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Data Discovery Market will Hit USD 29.4 Billion by 2030, at a CAGR of 15.2%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, Oracle Corporation, Salesforce, Inc., SAS Institute Inc., Google LLC (Alphabet Inc.), Amazon Web Services, Inc. (Amazon.Com, Inc.), Open Text Corporation, MicroStrategy, Inc. and Cloudera, Inc.
By Offering
By Deployment
By Application
By End-use
By Country
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