At 19+% CAGR, Data Discovery Market Potentially Worth $10.66 Billion by 2021 Dominated by Data Discovery Software

PUNE, India, Jan. 10, 2017 /PRNewswire-iReach/ -- The data discovery market in Asia-Pacific is projected to grow at the highest rate during the forecast period. The Asia-Pacific (APAC) market is expected to witness exponential growth and is projected to be the fastest-growing region for the global data discovery market. This is due to the rising demand for BI technologies such as data discovery software and services. Complete report on "Global Data Discovery Market" spread across 150 pages, profiling 12 companies and supported with 74 tables and 52 figures is now available athttp://www.rnrmarketresearch.com/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-st-to-2021-market-report.html .

North America holds the largest data discovery market share in 2016 and the trend is expected to continue in the coming years. The data discovery market is showing strong positive trends in the region as several companies and industries are adopting data discovery software at various levels, as a part of their strategy to strive in the market and increase their productivity.

The report segments the data discovery market on the basis of type, which includes software &services and on the basis of services, such as managed services and professional services. Under professional services, the report is further segmented into support &maintenance and consulting services, under deployment models, it is segmented into  hosted and on-premises, and under verticals, it includes Banking, Financial Services, & Insurance (BFSI), government, healthcare, retail & e-commerce, manufacturing, energy & utilities, transportation, IT & telecommunications, and others(real estate, travel & hospitality, and research)in the regions of North America, Europe, APAC, Middle East &Africa (MEA), and Latin America.

The data discovery market by software type is estimated to grow with the largest market share during the forecast period. Data discovery software is being used in various verticals and has various applications. 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. Data discovery software is also being used for asset & liability management, budgetary control management, general ledger management, payables & receivables management, and profitability management.

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The various key vendors profiled in the data discovery market report are Tableau Software (U.S.), Datameer, Inc. (U.S.), Cloudera, Inc. (U.S.), TIBCO Software, Inc. (U.S.), Birst, Inc. (U.S.), Datawatch Corporation (U.S.), Qlik Technologies Inc.(U.S.), SAP SE (Germany), ClearStory Data (U.S.), Platfora (U.S.), Oracle Corporation (U.S.) and MicroStrategy, Inc. (U.S.). Make an Inquiry on "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" research report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=809716 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (33%), Tier 2 (41%) and Tier 3 (26%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (47%) and Directors Level (35%) and others (18%) from various key organizations operating in the global data discovery market. The primary interviews were conducted worldwide covering regions such as North America (42%), Europe (18%), APAC (30%), MEA (4%) and LA (6%).

The main objective of this report is to get a comprehensive overview of the global data discovery market. To gain wide ranging information about the top players in this market sphere, their product portfolios and key strategies adopted by them. To gain insights of the major countries/regions, in which the data discovery market is flourishing in various industries.

On a related note, another research titled Data Lakes Market Global Forecast to 2021says, the global data lakes market to grow from USD 2.53 billion in 2016 to USD 8.81 billion by 2021, at a CAGR of 28.3%. Marketing business function to have the largest market size in 2016. Healthcare & life sciences vertical to have the highest growth rate during the forecast period. North America, followed by Europe, is expected to continue being the largest revenue generating region for the data lakes vendors for the next five years. Companies such as Microsoft Corporation (U.S.), Informatica (U.S.), Teradata (U.S.), Capgemini (France), EMC Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Hitachi (Japan), Atos (France), and SAS Institute (U.S.) have been profiled in this 141 pages research report available at http://www.rnrmarketresearch.com/data-lakes-market-by-software-data-discovery-data-integration-data-lakes-analytics-data-visualization-business-functions-marketing-sales-operations-finance-hr-service-deployment-organization-size-ver-st-to-2021-market-report.html .

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