PUNE, India, January 6, 2017 /PRNewswire/ --
According to a new market research report "Data Discovery Market by Type (Software and Service), Service (Professional and Managed), Application (Risk Management, Sales & Marketing Optimization, and Cost Optimization), Deployment, Organization Size, Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the market size is estimated to grow from USD 4.33 Billion in 2016 to USD 10.66 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 74 Market Data Tables and 52 Figures spread through 150 Pages and in-depth TOC on "Data Discovery Market"
http://www.marketsandmarkets.com/Market-Reports/data-discovery-market-132252132.html
Early buyers will receive 10% customization on this report.
The key forces driving the Data Discovery Market include rising importance of insights generation from multi-structured data.
Managed services in the service segment is expected to grow at the highest CAGR during the forecast period
Among services, the managed service segment is expected to grow at a fast pace during the forecast period. The demand for consulting services is witnessing the exponential growth, mainly because almost every technological domain requires well-delivered managed services. The services being offered must fit perfectly into the client's environment. Technical expertise, service consistency, and flexibility must be provided by the vendors, regardless of the geographical location of the client. Managed services are considered crucial, as they are directly related to customer experience. These services help them sustain their positions in the market. Moreover, it has become difficult for companies to focus on core business processes and support various other functions, in turn increasing the significance of managed services.
Data discovery software segment by type is expected to contribute the largest market share in 2016
Among types, the data discovery software segment is expected to hold the largest market share in the Data Discovery Market in 2016. Data discovery software ensures that the data fits a particular user- specific task and is accurate & timely. Data discovery software consists of software applications or platforms which can be used to implement data discovery solutions. The data discovery vendors also provide standalone software, which is a complete solution for analyzing and acting on real-time business events. The software filters the aggregated and enriched data, so that it can be analyzed to provide a high throughput from multiple input data sources. Based on the data analyzed, organizations could generate business related insights and plan the next steps accordingly, as soon as the data arrives.
North America is expected to contribute the largest market share, Asia-Pacific (APAC) to grow the fastest
North America is expected to hold the largest market share and dominate the Data Discovery Market from 2016 to 2021, owing to large investments in cloud-based solutions, early adoption of new & emerging technologies, and a large number of players present in this region. The APAC region is in the initial growth phase; however, it is expected to be the fastest growing region for the global Data Discovery Market. The key reason for the high growth rate in APAC is the growing demand for cost-effective data discovery platforms and tools among Small & Medium Enterprises (SMEs) in this region.
Inquiry before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=132252132
The major vendors providing Data Discovery Market Are Tableau Software (U.S.), Datawatch Corporation(U.S.), Datameer, Inc. (U.S.), TIBCO Software, Inc. (U.S.), Oracle Corporation (U.S.), ClearStroy Data (U.S.), Qlik Technologies Inc. (U.S.), SAP SE (Germany), and Platfora (U.S.).
Browse Related Reports
Big Data Market by Component (Software and Services), Type (Structured, Semi-Structured and Unstructured), Deployment Model, Vertical, and Region (North America, Europe, Asia-Pacific, Latin America & Middle East and Africa) - Global Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/big-data-market-1068.html
Self-Service BI Market by Type (Software, Services), Application (Sales & Marketing Management, Customer Engagement & Analysis, Predictive Asset Maintenance), Business Function, Deployment Model, Vertical, & Region - Global Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/self-service-bi-market-226871366.html
Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
MarketsandMarkets
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Share this article