Data discovery market to reach USD $20 billion value by 2030>
CFO Tech – Tom Raynel
The global data discovery market is projected to reach a value of USD $20.06 billion by 2030, with a CAGR of 15.65% from 2021, when the market was valued at USD $7.55 billion.
Data discovery, a key component of business intelligence, enables users to autonomously find, access, and analyze data to uncover insights and inform decisions.
The growth of this market is driven by the increasing popularity of self-service analytics, the need to manage large volumes of data from diverse sources, and the benefits of data-driven decision-making.
The adoption of cloud-based data discovery solutions, which provide scalability and accessibility, has been further accelerated by the integration of advanced analytics and AI capabilities like machine learning and natural language processing.
North America, particularly the U.S., is a significant market, with industries such as banking, healthcare, and e-commerce actively leveraging data discovery tools to enhance their business intelligence operations.
Link: https://cfotech.asia/story/data-discovery-market-to-reach-usd-20-billion-value-by-2030