Title: Data Discovery Market Analysis Report, Share, Growth, Trend, and Forecast, 2024
1 Data Discovery Market Industry Share, Growth,
Analysis, Statistics, Trends, Forecast Report,
2024 Global Market Insights Inc.
2 Regional Analysis of Data Discovery Market
- Data Discovery Market size is anticipated to grow
significantly over the future owing to the
increasing demand of businesses for visualization
and explorative data analysis services. As data
is becoming more complex, most businesses require
flexible functions that help in efficient access
and preparation of data analysis. Data
integration and preparation capabilities allow
business users to connect to appropriate
organizations and external data sources. -
- Data discovery market is currently one among the
most attractive Business Intelligence (BI)
technologies. It is a decision-making platform,
which understands, integrates, structures, and
fine tunes the data. Also, it deals with the
creation and usage of interactive reports that
simplify visualization and understanding while
simultaneously gathering explorable data from
multiple sources and has become an important part
of the BI architecture
3- Application Analysis of Data Discovery Market
- Data discovery market applications use visual
tools comprising heat-maps, geographical maps,
and pivot tables to make the process of finding
patterns faster and intuitive. An exponential
growth of big data has caused an increase in data
traffic, which has resulted in the development of
BI technologies. Hence, there is an increasing
demand for data discovery software and solutions
to evaluate the data and get actionable insights.
Traditional BI tools have been known to increase
the organizations dependence on technical staff
leading to higher operational cost, which could
be reduced by making use of data discovery
services. These factors have caused data
discovery market to rapidly replace BI tools.
4 Competitive Market Share of Data Discovery
Market
- Vendors in the data discovery market include
Datawatch Corporation, Platfora, TIBCO, SAP SE,
Oracle Corporation, ClearStroy, and Datameer
Tableau Software. - U.S. is anticipated to lead the data discovery
market owing to the early adoption of new and
emerging technologies, large investments in
cloud-based solutions, and the presence of a high
number of businesses in this region. The Asia
Pacific is anticipated to witness an exponential
growth. due to the increasing demand for BI
technologies such as data discovery software,
among SMEs.
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