Valued to be $21.6 Billion by 2026, Data Discovery Slated for Robust Growth Worldwide
SAN FRANCISCO, Oct. 5, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Data Discovery - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 19191
Companies: 46 - Players covered include Birst, Inc.; ClearStory Data, Inc.; Cloudera, Inc.; Datameer, Inc.; Datawatch Corporation; MicroStrategy, Inc.; Oracle Corporation; Platfora, Inc.; Qlik Technologies, Inc.; SAP SE; Tableau Software, Inc.; TIBCO Software, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Vertical (BFSI, Telecom & IT, Retail & Ecommerce, Healthcare & Life Sciences, Other Verticals)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
ABSTRACT-
Global Data Discovery Market to Reach $21.6 Billion by 2026
Amid the COVID-19 crisis, the global market for Data Discovery estimated at US$7.3 Billion in the year 2020, is projected to reach a revised size of US$21.6 Billion by 2026, growing at a CAGR of 19.7% over the analysis period. BFSI, one of the segments analyzed in the report, is projected to record a 21.5% CAGR and reach US$8.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Telecom & IT segment is readjusted to a revised 20.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.7 Billion in 2021, While China is Forecast to Reach $3.7 Billion by 2026
The Data Discovery market in the U.S. is estimated at US$2.7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.7 Billion by the year 2026 trailing a CAGR of 18.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.9% and 16.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 14.3% CAGR.
Retail & Ecommerce Segment to Reach US$3.8 Billion by the year 2026
In the global Retail & Ecommerce segment, USA, Canada, Japan, China and Europe will drive the 19% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.1 Billion in the year 2020 will reach a projected size of US$3.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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Phone: 1-408-528-9966
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SOURCE Global Industry Analysts, Inc.
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