Data Discovery Market Forecast By End-use Industry
2017-2027 By Future market insights.
April 2017
Report Id : REP-GB-2743
Status : Ongoing
Category : Electronics, Semiconductors, and ICT
©2015 Future Market Insights, All Rights Reserved
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Research Methodology (1/2)
Systematic Research Approach
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Market profiling
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Formulating discussion guide
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Developing list of respondents
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In-depth secondary research is used to
ascertain overall market size, top
industry players, top products, industry
associations, etc.
PMR formulates a detailed discussion
guide to conduct expert and industry
interviews
PMR develops a list of industry players
(manufacturers), distributors, retailers
and industry experts
Data collection
PMR conducts interviews with industry
experts, industry players, distributors
and retailers
Data validation
Data is validated by triangulation
method, wherein secondary, primary
and PMR analysis contribute to the final
data
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Data analysis
Insights
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Data is scrutinized using MS-Excel to
obtain qualitative and quantitative
insights about the industry
PMR delivers industry insights and
information in the required format
(PDF)
Data
Collection
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Research &
Intelligence
Data Filter
& Analysis
Identifying key opinion leaders
Questionnaire design
In-depth interviews
Coverage across value chain
Actionable
Insights
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Primary
Research
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B
SOLUTION
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Market participants
Key strengths
Product portfolio
Mapping as per value chain
Key focus segments
Primary Research #
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Linkedin
Zoominfo
Salesforce
Avention
Business
Solution
Desk
Research
C
Key industry experts
Channel study
Developments
Market dynamics
Products
Conclusions
Company
Analysis
Secondary Research #
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Company websites
Company annual
reports
White papers
Financial reports
Paid Publications#
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Factiva
GBI
Genios
Meltwater
# includes sources of databases
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Data Discovery Market
Data Discovery Market Forecast By End-use Industry 2017-2027 By Future market insights.
During the last decade, Technologies have evolved rapidly and huge volume of data about the customers
is collected daily which can be transformed to useful information by using correct set of data discovery
tools. The data discovery tools are a subsidiary of the business intelligence tools, which can provide the
users with the possibility of building queries and finding the answers to these spontaneous queries. The
data discovery tools need to handle the full range of use cases from data profiling to delivery of
actionable insights efficiently and cost effectively. Data discovery tools are also used to gain predictive
insights into the data rather than using just for explorative purposes.
As the data discovery market evolves to maturity the vendors had to provide tools which are more agile
and faster cycle iterations to provide insights. It is no longer sufficient for the data discovery Vendors to
provide quality services and producing quality tools but they also need to adapt the new economic needs
for the organizations and the customer needs. The also a need for the global data discovery market
vendors to cater for the needs of small, niche business.
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Market drivers & challenges:
The major market driver for the global data discovery market is big data. As the volume of data generated
is huge traditional data discovery methods are obsolete. The large amount of data that exists in different
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Data Discovery Market
formats must be processed efficiently for gaining valuable insights by using advanced data discovery
software tools.
The other driver which drives the market for global data discovery market was the need for Real-time
analytics. The shift toward need for the real-time analytics has created a demand for data discovery
software tools. These demand are met by data discovery tools that are faster, automated and adaptive.
The increase in demand for organisations to use agile analytics and agile business intelligence (BI) in
order to turn data into value is also a major driver for global data discovery market. Data scientists and BI
teams need to perform data discovery processes often by adopting more agile and iterative methods in
order to turn data into business value.
The major challenge for the data discovery market was some of the data discovery tools are timeconsuming to set up and were limited in applications. Some data discovery tools are also harder to use
than expected.
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Global Data Discovery Market: Segmentation
Global Data Discovery Market is segmented based on the platform, deployment type, vertical and region.
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Data Discovery Market
On basis of platform global Data Discovery Market can be segmented to desktop, web and mobile.
On basis of deployment global Data Discovery Market can be segmented to On-premise and cloud
On the basis of vertical global Data Discovery Market is segmented into BFSI, retail, telecom, healthcare,
energy, education, automobile, public sector and others.
On basis of region, global Data Discovery Market is segmented into North America, Latin America,
Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and
Africa (MEA).
Market Overview:
North America region is dominant in Data Discovery Market due to growing demand from large
enterprises and big data companies in North America and followed by Western Europe during the period.
Asia-Pacific region is expected to grow at a faster rate during the forecast period.
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Key Market Players:
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Data Discovery Market
Some of the Key players in Data Discovery Market include QlikTech International AB, TABLEAU
SOFTWARE, Microsoft Corporation, Alteryx, Inc., MicroStrategy Inc., Logi Analytics, ClearStory Data,
TIBCO Software Inc., SAS Institute Inc. and Pentaho Corporation.
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