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Data Discovery Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024
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Data Discovery Market Industry Share, Growth, Analysis, Statistics, Trends, Forecast Report, 2024: Global Market Insights Inc.
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
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.
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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