The Global Data Discovery Market is Predict to reach USD 29.4 Billion by 2030, at a CAGR of 15.2%

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Data Discovery Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Data Discovery Market size is expected to reach $29.4 billion by 2030, rising at a market growth of 15.2% CAGR during the forecast period.

The Solutions segment is generating the highest revenue in the Global Data Discovery Market by Offering in 2022; thereby, achieving a market value of $20 billion by 2030. The solutions within the data discovery market often allow integration capabilities with various data sources, including databases, cloud storage, and third-party applications. This integration allows organizations to aggregate and analyze data from diverse sources, providing a more comprehensive view for decision-makers. Data preparation is a crucial step in the data analysis process. Data discovery solutions often include features for automating data preparation tasks, reducing the time and effort required for cleaning, transforming, and structuring data. Automated data preparation enhances efficiency and accuracy in the analytics workflow.

The Cloud segment is experiencing a CAGR of 16.4% during (2023 - 2030). Cloud-based solutions provide automatic updates and maintenance, eliminating the need for organizations to manage software updates and patches manually. This ensures that organizations always use the latest data discovery tools, benefiting from new features, security enhancements, and performance optimizations without disrupting their operations. Cloud-based data discovery tools seamlessly integrate with other cloud services and applications. This integration allows organizations to create holistic ecosystems by combining data discovery with other cloud services such as storage, databases, and business intelligence. The interoperability of cloud services enhances overall efficiency and data connectivity.

The Security & Risk Management segment is leading the Global Data Discovery Market by Application in 2022; thereby, achieving a market value of $10.7 billion by 2030. Security measures ensure proper user authentication and authorization, allowing organizations to control access to data discovery tools based on user roles and responsibilities. These aids prevent unauthorized users from accessing sensitive data, reducing the risk of data misuse. Security measures incorporate auditing and monitoring capabilities, allowing organizations to track user activities within data discovery tools. This transparency helps detect unusual behavior, unauthorized access attempts, or potential security threats, enabling timely intervention and response.

The Retail & E-commerce segment is registering a CAGR of 14.6% during (2023 - 2030). Retailers leverage data discovery to optimize their e-commerce websites. Retailers can identify areas for development, enhance the user experience, and expand website conversion rates by analyzing user behavior, website navigation patterns, and performance metrics. Retailers use data discovery technologies to optimize their product assortment by analyzing sales data, consumer input, and market trends. This involves identifying top-performing products, understanding customer preferences, and making informed decisions about which products to offer.

The North America region dominated the Global Data Discovery Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $11.7 billion by 2030. The Europe region is anticipating a CAGR of 14.8% during (2023 - 2030). Additionally, The Asia Pacific region would exhibit a CAGR of 16.1% during (2023 - 2030).

Full Report:https://www.kbvresearch.com/data-discovery-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Data Discovery Market Segmentation

By Offering

Solutions
Services

By Deployment

On-premise
Cloud

By Application

Security & Risk Management
Asset Management
Sales & Marketing Management
Supply Chain Management
Others

By End-use

By Geography

North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA

Companies Profiled

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.
Cloudera, Inc.

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