Data Discovery Market Report 2025

The data discovery market size has grown rapidly in recent years. It will grow from $15.9 billion in 2024 to $18.32 billion in 2025 at a compound annual growth rate (CAGR) of 15.2%. The growth in the historic period can be attributed to increasing volume and complexity of data, rise of big data analytics, shift towards self-service analytics, regulatory compliance requirements, demand for real-time analytics.

The data discovery market size is expected to see exponential growth in the next few years. It will grow to $38.4 billion in 2029 at a compound annual growth rate (CAGR) of 20.3%. The growth in the forecast period can be attributed to focus on data governance and privacy, expanded adoption in small and medium enterprises (semes), focus on data democratization, enhanced data visualization and storytelling. Major trends in the forecast period include advancements in artificial intelligence (AI) and machine learning (ML), emergence of cloud computing, augmented analytics, integration of natural language processing (NLP), self-service data exploration.

The data discovery market is being propelled by the growing demand for structured and unstructured data. This need for data access integration allows for collaboration among data teams and business analysts, fostering understanding and cooperation in data-related tasks. In 2022, Techjury reported that 95% of firms cited the management of unstructured data as a challenge, with 97.2% investing in big data and AI for business growth.

The rising demand for cloud adoption is anticipated to drive the growth of the data discovery market in the future. Cloud adoption involves the process of integrating and utilizing cloud computing services and resources to enhance IT capabilities and achieve specific goals. In the context of data discovery, cloud adoption offers the necessary infrastructure, scalability, and tools for efficient exploration, analysis, and visualization of data. For example, in December 2023, Eurostat, a Europe-based intergovernmental organization, reported that 45.2% of EU businesses had acquired cloud computing services for accessing software, processing power, storage capacity, and other resources. Therefore, the growing demand for cloud adoption is fueling the expansion of the data discovery market.

A rising trend revolves around innovative product developments to solidify market positions. Notably, DvSum, a US-based cloud-based data intelligence platform, introduced an advanced Data Catalog solution in February 2022. This solution enhances data discovery, monitoring, and governance through a smart, augmented, live Data Catalog, catering to teams and businesses of all sizes. By combining metadata with real-time data profiles and quality assessments, it offers a comprehensive view for accurate business insights.

Data discovery connectors are tools or components designed to facilitate the discovery of data by establishing connections with various data sources. In June 2023, OneTrust, a Georgia-based trust intelligence firm, introduced an array of new data discovery connectors, enhancing access to 200+ diverse data sources. This expanded platform utilizes AI-driven classification, regulatory insights, and policy enforcement to automate data security and governance, integrating consent, preference, and privacy controls for ethical data management.

In November 2023, Exterro, a technology company based in the United States, acquired Divebell for an undisclosed sum. This acquisition positions Exterro to revolutionize how organizations identify, comprehend, and utilize their structured and unstructured data for various purposes, including e-discovery, enterprise digital forensics, data privacy compliance, data security, and breach response. Furthermore, the integration aims to tackle emerging challenges related to artificial intelligence, encompassing legislation and governance. Divebell, also a US-based technology company, specializes in data discovery solutions.

Major companies operating in the data discovery market include Amazon.com lnc., Alphabet Inc., Microsoft Corporation, Hitachi Ltd., IBM Corporation, Oracle Corporation, SAP SE, Micro Focus International plc, Tableau Software LLC, Tibco Software Inc., Cloudera Inc., Qlik Technologies lnc., Varonis Systems, Netwrix Corporation, DataSunrise lnc., BigID Inc., Digital Guardian, Immuta Inc., Datawatch Corporation, 1TOUCH.IO CORPORATION, Solix Technologies lnc., Datameer Inc., Nightfall AI lnc., DataGrail lnc., Dathena Science SAS, Microstrategy Inc.

North America was the largest region in the data discovery market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data discovery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the data discovery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Data discovery involves acquiring and analyzing data from various sources to detect patterns and trends, assisting in informed business decisions and is linked with business intelligence (BI).

Data discovery encompasses two primary categories such as software and services. Data discovery software facilitates the collection and consolidation of data from multiple sources to identify patterns and trends. Its key functionalities include data preparation, data modeling, visual analysis, and advanced statistical analysis. Software, being program-based, necessitates an electronic device, such as a computer, for operation. These software solutions can be deployed via cloud-based or on-premises models, catering to organizations of various sizes, from large enterprises to small and medium-sized enterprises (SMEs). Industries leveraging data discovery span across sectors including banking, financial services, and insurance (BFSI), telecommunications and IT, retail and e-commerce, manufacturing, energy and utilities, and numerous other verticals seeking robust data analysis and trend identification.

The Data discovery devices market research report is one of a series of new reports that provides Data discovery devices market statistics, including global market size, regional shares, competitors with a Data discovery devices market share, detailed Data discovery devices market segments, market trends and opportunities, and any further data you may need to thrive in the Data discovery devices industry. This data discovery devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The data discovery market includes revenues earned by entities by improving business processes by revealing pertinent data insights, communicating these insights to business users in a manner that is understandable to non-technical users, and so on. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.