The datacatalog solutions deployed in the cloud or on-premises empower organizations toreduce operational costs, and offer benefits, such as ease of use, easierdeployment, and higher scalability. MarketsandMarkets expects the global datacatalog market size to grow from USD 210.0 Million in 2017 to USD 620.0 Millionby 2022, at a Compound Annual Growth Rate (CAGR) of 24.2% during the forecastperiod. An increasing need for data catalog solutions, automation, businessintelligance (BI) solutions, real-time availability of data, accessing largevolumes of data stored across various systems to get a consolidated view,reducing infrastructure costs, and gaining business insights is the majorgrowth driver for the data catalog market.
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Majorvendors in the global data catalog market are IBM (US), Informatica (US),Amazon Web Services (US), Alteryx (US), Collibra (Belgium), Alation (US),Microsoft (US), TIBCO Software (US), Datawatch Corporation (US), Waterline Data(US), Zaloni (US), and Tamr (US). New product launches and partnerships are keygrowth strategies adopted by these market players to offer feature-richproducts and services to their customers and to enter the unserved regions.
IBM is oneof the leading vendors in the data catalog market. The company followsinorganic growth strategies, such as partnerships and agreements, to enhanceits product and solution offerings in the data catalog market. For instance, inMarch 2017, IBM formed a partnership with Salesforce to seamlessly connect IBMWatson and Salesforce Einstein to enable an entirely new level of intelligentcustomer engagement across sales, service, marketing, commerce, and more. InNovember 2017, IBM announced addition of new offerings to its Watson DataPlatform, including data cataloging and data refining. The updated dataplatform allows developers and data scientists to analyze and prepareenterprise data for AI applications, regardless of its structure or where itresides.
Alation,another leading company in the market, also adopted the inorganic growth strategy,such as partnerships, to gain a dominant position in the data catalog market.For instance, in March 2017, Alation extended its partnership with Trifacta tocontinue joint delivery of an integrated solution for self-service datadiscovery and preparation. Apart from that, Alation has launched new productand product updates on regular basis in the data catalog market. For instance,in October 2017, Alation announced integration with Tableau 10.4. The updateswill deliver governance for insight features supporting all Tableau customerson desktops as well as servers.
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