Upcoming Opportunities in Data Discovery Market: Future Trend and Analysis of Key Segments and Forecast 2021 to 2027

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Industry Trends

Global data discovery market was valued at USD 6.50 billion in 2020 which is anticipated to grow at a CAGR of 15.2% during the forecast period.

The demand for data discovery and its utilisation is increasing due to various factors such as growing need to discover the sensitive structured and unstructured data, increasing investments in data privacy with evolving regulations, growing adoption of cloud based data discovery solutions to improve security compliance and governance in data and growing data utilization during covid-19 situation among the organisations which are expected to drive the adoption of the data discovery market.

The global market of data discovery is listed among the most attractive and lucrative business intelligence (BI) technologies. The market usually deals with the creation and usage of interactive reports that simplify visualisation and understanding while simultaneously gather explorable data from different sources and has become an integral part of the BI architecture. Its application tools include heat-maps, geographical maps, and pivot tables to interpretative easy and find fast pattern.

As the market growth is increasing and every organisation requires the structured data with intuitive patterns to interpret easily which comes to the growth driver to discover sensitive structured and un structured data. Structured data resides in well protected IT perimeters; sensitive content exists in unstructured formats such as office documents, files, or images, and are distributed to and published via sharing, social media and email. Every organization is generating vast amounts of data due to the use of IoT devices, sensors, and geospatial devices. Generating insights from structured and unstructured data by unifying them into specific formats, so that the end-user can validate and understand it, is the need of the day. Sensitive data discovery is integral to creating and maintaining an effective data security plan.

However, there exist some barriers which restrain the growth of the market such as lack of skilled professional workforce for performing various business intelligence applications and work accordingly. Organisations often fails to identify where they need are lacking and where they to allocate the resources and results in failure of the potential data discovery. Most organizations still cannot harness the complete benefits of the data discovery tools in the cloud due to the lack of awareness and professional expertise to utilize cloud-based data discovery solutions optimally.

Although, with failure comes the opportunities that new players or the existing ones focus on which leads to increase in demand to integrate data in business processes to drive actionable results. Today, enterprises need a comprehensive discovery platform that can process huge volumes of data in real time to provide meaningful insights. This discovery or decision-making platform is able to assimilate data, structure, refine, provide exploratory capability, identify and evaluate various patterns, and help make insight-based decisions faster.

Addition to this security threats are expected to grow in the future which is a challenge in keeping data safe and secure. Data discovery comes with three privacy risks: data breaches, data brokerage, and data discrimination. Data breaches occur when information is retrieved without consent. In most cases, data breaches are the result of out-of-date software, weak passwords, and targeted malware attacks. Such incidents can cost an organization a damaged reputation and a lot of money. Data breaches can be prevented by keeping software up-to-date, changing passwords often, and educating employees on best security practices.

The commercialization of the AI and ML technology, giving rise to increased data generation, and the need for further advancements to leverage its benefits to the maximum are expected to drive the adoption of data discovery solutions in the region. North America is expected to hold the largest market size in the global data discovery market, while Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. The growing awareness for data security and privacy among organizations in key countries, such as China, India, and Japan, is expected to fuel the adoption of data discovery solutions and services.

Major market players are IBM (US), Microsoft (US), Oracle (US), Salesforce (US), SAS Institute (US), Google (US), AWS (US), Micro Focus (UK), MicroStrategy (US), Cloudera (US), PKWARE (US), Alteryx (US), Thales (France), Spirion (US), Egnyte (US), Netwrix (US), Varonis (US), Digital Guardian (US), Nightfall (US), Securiti (US), DataGrail (US), Dathena (Singapore), BigID (US), Explorium (US), 1touch.io (US), Congruity360 (US), and Concentric (US).

The global data discovery data market is segmented on the basis of components, deployment mode, organisation size, and application, vertical and by geography.

Global Data Discovery Market
By component:
Solutions
Services
Managed Services
Professional Services
Support and Maintenance
Deployment and Integration
Consulting

By organization size:
Large Enterprises
Small and Medium-sized Enterprises (SMEs)

By deployment mode:
On-premises
Cloud
Public Cloud
Private Cloud
Hybrid Cloud

By application:
Security and Risk Management
Sales and Marketing Management
Asset Management
Supply Chain Management
Others (Location Intelligence, Network Management, Social Network Analysis, and Workforce Management)

By functionality:
Visual Data Discovery
Augmented Data Discovery
Search-based Data Discovery
Self-service Data Preparation

By vertical:
BFSI
Government
Healthcare and Life Sciences
Retail
Manufacturing
Media and Entertainment
Telecommunications and IT
Transportation and Logistics
Other Verticals (Education, Energy and Utilities, and Travel And Hospitality)

By Geography:
North America
US
Canada
Europe
UK
Germany
France
Rest of Europe
APAC
China
Japan
India
Rest of APAC
MEA
KSA
UAE
South Africa
Rest of MEA
Latin America
Brazil
Mexico
Rest of Latin America

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Table of Content

Chapter One: Executive Summary

Chapter Two: Market Introduction

Chapter Three: Research Methodology

Chapter Four: Market Dynamics

Chapter Five: Global Data Discovery Market, By Type

Chapter Six: Global Data Discovery Market, By Revenue Source

Chapter Seven: Global Data Discovery Market, By Application

Chapter Eight: Global Data Discovery Market, By Region

Chapter Nine: Competitive Landscape

Chapter Ten: Company Profiles

Chapter Eleven: Appendix

continued…

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List Of Tables
Table 1 Global Data Discovery Market, By Component, 2017-2027 (Usd Million)
Table 2 Global Data Discovery Market, By Application, 2017-2027 (Usd Million)
Table 3 Global Data Discovery Market, By Vertical, 2017-2027 (Usd Million)
Table 4 Global Data Discovery Market, By Organization Size, 2017-2027 (Usd Million)
Table 5 Global Data Discovery Market, By Region, 2017-2027 (Usd Million)
Table 6 North America Data Discovery Market, By Country, 2017-2027 (Usd Million)
Table 7 North America Data Discovery Market, By Component, 2017-2027 (Usd Million)
Table 8 North America Data Discovery Market, By Application, 2017-2027 (Usd Million)
Table 9 North America Data Discovery Market, By Vertical, 2017-2027 (Usd Million)
Table 10 North America Data Discovery Market, By Organization Size, 2017-2027 (Usd Million)
Table 11 Us Data Discovery Market, By Component, 2017-2027 (Usd Million)
Table 12 Us Data Discovery Market, By Application, 2017-2027 (Usd Million)
Table 13 Us Data Discovery Market, By Vertical, 2017-2027 (Usd Million)
Table 14 Us Data Discovery Market, By Organization Size, 2017-2027 (Usd Million)
Table 15 Canada Data Discovery Market, By Component, 2017-2027 (Usd Million)
Table 16 Canada Data Discovery Market, By Application, 2017-2027 (Usd Million)
Table 17 Canada Data Discovery Market, By Vertical, 2017-2027 (Usd Million)
Table 18 Canada Data Discovery Market, By Organization Size, 2017-2027 (Usd Million)
Table 19 Mexico Data Discovery Market, By Component, 2017-2027 (Usd Million)
Table 20 Mexico Data Discovery Market, By Application, 2017-2027 (Usd Million)
Table 21 Mexico Data Discovery Market, By Vertical, 2017-2027 (Usd Million)
Table 22 Mexico Data Discovery Market, By Organization Size, 2017-2027 (Usd Million)
Table 23 Europe Data Discovery Market, By Country, 2017-2027 (Usd Million)
Table 24 Europe Data Discovery Market, By Component, 2017-2027 (Usd Million)
Table 25 Europe Data Discovery Market, By Application, 2017-2027 (Usd Million)
Table 26 Europe Data Discovery Market, By Vertical, 2017-2027 (Usd Million)
Table 27 Europe Data Discovery Market, By Organization Size, 2017-2027 (Usd Million)
Table 28 Germany Data Discovery Market, By Component, 2017-2027 (Usd Million)
Table 29 Germany Data Discovery Market, By Application, 2017-2027 (Usd Million)
Table 30 Germany Data Discovery Market, By Vertical, 2017-2027 (Usd Million)
Table 31 Germany Data Discovery Market, By Organization Size, 2017-2027 (Usd Million)
Table 32 Uk Data Discovery Market, By Component, 2017-2027 (Usd Million)
Table 33 Uk Data Discovery Market, By Application, 2017-2027 (Usd Million)
Table 34 Uk Data Discovery Market, By Vertical, 2017-2027 (Usd Million)
Table 35 Uk Data Discovery Market, By Organization Size, 2017-2027 (Usd Million)
Table 36 France Data Discovery Market, By Component, 2017-2027 (Usd Million)
Table 37 France Data Discovery Market, By Application, 2017-2027 (Usd Million)
Table 38 France Data Discovery Market, By Vertical, 2017-2027 (Usd Million)
Table 39 France Data Discovery Market, By Organization Size, 2017-2027 (Usd Million)
Table 40 Italy Data Discovery Market, By Component, 2017-2027 (Usd Million)
Table 41 Italy Data Discovery Market, By Application, 2017-2027 (Usd Million)
Table 42 Italy Data Discovery Market, By Vertical, 2017-2027 (Usd Million)
Table 43 Italy Data Discovery Market, By Organization Size, 2017-2027 (Usd Million)
Table 44 Spain Data Discovery Market, By Component, 2017-2027 (Usd Million)
Table 45 Spain Data Discovery Market, By Application, 2017-2027 (Usd Million)
Table 46 Spain Data Discovery Market, By Vertical, 2017-2027 (Usd Million)
Table 47 Spain Data Discovery Market, By Organization Size, 2017-2027 (Usd Million)
Table 48 Rest Of Europe Data Discovery Market, By Component, 2017-2027 (Usd Million)
Table 49 Rest Of Europe Data Discovery Market, By Application, 2017-2027 (Usd Million)
Table 50 Rest Of Europe Data Discovery Market, By Vertical, 2017-2027 (Usd Million)
Table 51 Rest Of Europe Data Discovery Market, By Organization Size, 2017-2027 (Usd Million)
Table 52 Asia-Pacific Data Discovery Market, By Country, 2017-2027 (Usd Million)
Table 53 Asia-Pacific Data Discovery Market, By Component, 2017-2027 (Usd Million)
Table 54 Asia-Pacific Data Discovery Market, By Application, 2017-2027 (Usd Million)
Table 55 Asia-Pacific Data Discovery Market, By Vertical, 2017-2027 (Usd Million)
Table 56 Asia-Pacific Data Discovery Market, By Organization Size, 2017-2027 (Usd Million)
Table 57 China Data Discovery Market, By Component, 2017-2027 (Usd Million)
Table 58 China Data Discovery Market, By Application, 2017-2027 (Usd Million)
Table 59 China Data Discovery Market, By Vertical, 2017-2027 (Usd Million)
Table 60 China Data Discovery Market, By Organization Size, 2017-2027 (Usd Million)
Table 61 India Data Discovery Market, By Component, 2017-2027 (Usd Million)
Table 62 India Data Discovery Market, By Application, 2017-2027 (Usd Million)
Table 63 India Data Discovery Market, By Vertical, 2017-2027 (Usd Million)
Table 64 India Data Discovery Market, By Organization Size, 2017-2027 (Usd Million)
Table 65 Japan Data Discovery Market, By Component, 2017-2027 (Usd Million)
Table 66 Japan Data Discovery Market, By Application, 2017-2027 (Usd Million)
Table 67 Japan Data Discovery Market, By Vertical, 2017-2027 (Usd Million)
Table 68 Japan Data Discovery Market, By Organization Size, 2017-2027 (Usd Million)
Table 69 South Korea Data Discovery Market, By Component, 2017-2027 (Usd Million)
Table 70 South Korea Data Discovery Market, By Application, 2017-2027 (Usd Million)
Table 71 South Korea Data Discovery Market, By Vertical, 2017-2027 (Usd Million)
Table 72 South Korea Data Discovery Market, By Organization Size, 2017-2027 (Usd Million)
Table 73 Rest Of Asia-Pacific Data Discovery Market, By Component, 2017-2027 (Usd Million)
Table 74 Rest Of Asia-Pacific Data Discovery Market, By Application, 2017-2027 (Usd Million)
Table 75 Rest Of Asia-Pacific Data Discovery Market, By Vertical, 2017-2027 (Usd Million)
Table 76 Rest Of Asia-Pacific Data Discovery Market, By Organization Size, 2017-2027 (Usd Million)
Table 77 Middle East And Africa Data Discovery Market, By Component, 2017-2027 (Usd Million)
Table 78 Middle East And Africa Data Discovery Market, By Application, 2017-2027 (Usd Million)
Table 79 Middle East And Africa Data Discovery Market, By Vertical, 2017-2027 (Usd Million)
Table 80 Middle East And Africa Data Discovery Market, By Organization Size, 2017-2027 (Usd Million)
Table 81 South America Data Discovery Market, By Component, 2017-2027 (Usd Million)
Table 82 South America Data Discovery Market, By Application, 2017-2027 (Usd Million)
Table 83 South America Data Discovery Market, By Vertical, 2017-2027 (Usd Million)
Table 84 South America Data Discovery Market, By Organization Size, 2017-2027 (Usd Million)

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