2/18/2022 0 Comments Pkware smartcrypt priceThe cloud segment is expected to grow at a rapid pace during the forecast period. ![]() Cloud is further segmented by type in public cloud, private cloud, and hybrid cloud. The data discovery market by deployment mode has been segmented into on-premises and cloud. The cloud segment to grow at a higher CAGR during the forecast period Augmented data discovery algorithms do the heavy lifting of sifting through data and then presenting the user with insights that can really make a difference to their business. The augmented data discovery functionality is expected to grow at the highest CAGR. This can be attributed to its benefits such as easy interaction with graphs for clear results, analysis, reporting and visualization of different options, and easy documentation supporting corporate and governmental compliance. The visual data discovery functionality is expected to hold the largest market size during the forecast period. The data discovery market by functionality has been segmented into visual data discovery, augmented data discovery, search-based data discovery, and self-service data preparation. ![]() The augmented data discovery functionality segment to grow at the highest CAGR during the forecast period The growth can be attributed to the increasing demand for deployment and integration services by end-user to effectively integrate data discovery tools for gathering structured and unstructured data from multiple sources. The services segment is expected to grow at a rapid pace during the forecast period. The data discovery market is segmented based on components, such as solutions and services. The services segment to grow at a higher CAGR during the forecast period #PKWARE SMARTCRYPT PRICE MANUAL#Data security and privacy concerns, and major dependency on traditional manual systems for data discovery are the key challenges in the adoption of data discovery solutions and services. ![]() #PKWARE SMARTCRYPT PRICE PROFESSIONAL#However, the market faces restraints, such as difficulty to justify RoI from data discovery solutions, and lack of skilled professional workforce. Increasing demand to integrate data in business processes to derive actionable insights, and COVID-19 led to change in work dynamics increasing need for data utilization across verticals would provide opportunities for market growth. Various factors, such as the growing need to discover sensitive structured and unstructured data, increasing investments in data privacy culture with evolving data privacy regulations, and need for real-time data access, are expected to drive the adoption of the data discovery market. With the growing focus on IoT and real-time data analysis, the data discovery market is witnessing significant growth. The objective of the report is to define, describe, and forecast the data discovery market size based on component, functionality, organization size, deployment mode, application, vertical, and region. Various factors such as the growing need to discover 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 within data and the growing importance of data utilization during COVID-19 scenario among organizations are expected to drive the adoption of the data discovery market. The global data discovery market is projected to grow from USD 6,981 million in 2020 to USD 14,401 million by 2025, recording a CAGR of 15.6% during the forecast period.
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