KuppingerCole analysts have predicted that the data catalog and metadata market will reach $2.44 billion by 2025.
The company points out that data is seen in many technology environments as the new gold, as it often creates significant value for businesses in the digital age.
They say, however, that without knowing where the data resides, the use of the data will fail. The fact that businesses can have data everywhere not only increases the amount of data but also the number of places that data is kept, making it more difficult to manage.
More databases of different types in different deployment models and across multiple clouds are said to be the new normal.
The market report goes on to say that while the focus has been on the use of data for business intelligence and analytics, governance and security are equally relevant, laying the groundwork for a use successful data.
For example, database security and big data security, the use of encryption capabilities, and protection against specific types of attacks such as SQL injection.
On the other hand, analysts say there is also the area of data governance, which focuses on managing and restricting access rights to data, and controlling access to data, as well as data privacy.
Data catalogs and metadata management are meant to provide the foundation for better use of data and better data protection and governance. These technologies are seeing a significant increase in adoption, but are still far from being widely used.
KuppingerCole analysts predict that this market segment will continue to grow, reaching US$2.21 billion by 2025. The CAGR (compound annual growth rate) is expected to be 15.2%. North America and EMEA will remain the largest markets, with North America significantly ahead of Europe in adoption.
The company says this offers greater growth potential as European customers catch up in their adoption of data catalogs and metadata management solutions.
“In an age where digital solutions are driven by data, from using customer data for purposeful management to all the varieties of AI (artificial intelligence) solutions found today that base their decisions on data, knowing where the data resides becomes an imperative,” the founder noted. and senior analyst Martin Kuppinger in a February blog post on the subject.
“From our perspective, implementing feature-rich and comprehensive approaches to managing metadata and the underlying data catalogs is a must for modern organizations, enabling both better use of data and a higher level of data governance and security.”