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Data science platform market size to grow at a CAGR of 26.78% by 2027, North America will account for a significant share of the global market growth, Technavio

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NEW YORK, March 1, 2024 /PRNewswire/ — According to Technavio, the global data science platform market size is estimated to grow by USD 2,49,147.71 million from 2022 to 2027. The market is estimated to grow at a CAGR of 26.78% during the forecast period. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 37,419.53 million. By geography, the global data science platform market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global market. North America will account for a significant share of the global market during the forecast period. The growth of the market in North America is driven by the increase in data generation across various industries, such as the retail, BFSI, healthcare, and public sectors, due to the increase in digital transformation, such as digitalization of workspace, access via mobile apps and websites, online transactions, online purchases and sells, and virtualization of desktops. Request a sample report

Report Coverage

Details

Page number

168

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 26.78%

Market growth 2023-2027

USD 249.15 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

25.6

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 39%

Key countries

US, Canada, China, Germany, and UK

Most banks in the US are leveraging data science technologies to gain a competitive edge over their competitors. Big data analytics services, which are one of the popular applications of data science, help firms achieve real-time marketing, integration of e-commerce platforms with payment processing, and facilitate the small loans and microloans market in the US. Thus, the increased adoption of big data analytics is expected to enhance the growth of the financial services spending market in North America, which in turn, is expected to, drive the growth of the market in the region. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. For more insights on the market, Request a sample report

The global market is fragmented, and the five forces analysis covers– 

Bargaining power of buyers The threat of new entrantsThreat of rivalryBargaining power of suppliersThreat of substitutesInterpretation of porter’s five models helps to strategize the business, for entire details, buy the report!

Customer Landscape 
The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Segment Overview
Technavio has segmented the market based on component (Platform and Services), and deployment (On-premise and Cloud). 

The platform segment will account for a significant share of the global market during the forecast period. Data science platforms that are considered the best usually offer the flexibility of open-source tools and the scalability of elastic computer resources. Some of the best data science platforms include Alteryx Analytics, Microsoft Azure ML studio, and the RapidMiner platform. These platforms enable data-driven business decisions, and enterprises are investing in data science platforms and advanced analytics capabilities to improve business outcomes. Therefore, this will drive the growth of the platform segment during the forecast period. Download a Sample Report

The high generation of data volumes

Enterprise applications are generating large volumes of data, and this will keep continuing throughout the forecast period and beyond. Moreover, the increasing volume of data generated in organizations through various channels and sources has compelled organizations to implement big data analytics and save a significant amount of cost for organizations.Data science platforms and associated technologies have helped organizations transform unstructured and semi-structured data into structured and meaningful data. Big data analytics, a popular data science application, can be used for retrieving and analyzing data to discover significant weaknesses, develop indicator patterns to identify opportunities and threats; and optimize business decisions.As data volumes are growing, the demand for data analytics is also growing, which is expected to drive the growth of the market during the forecast period.

The growing dependency on the internet is the primary trend in the global market. Increasing threat from open-source vendors is a major challenge to the growth of the global market. Find more insights in a sample report!

Analyst Review

In today’s rapidly evolving digital landscape, the market stands as a pivotal arena where innovation intersects with necessity. With the advent of Big Data, social media, and the Internet of Things (IoT), the volume and variety of data generated have reached unprecedented levels. This deluge includes multimedia files, structured data, unstructured data, machine-based data, and human-generated data alike, originating from diverse sources such as business data, machine data, and consumers through channels like smartphones and social media posts.

To effectively harness this data reservoir, organizations increasingly rely on sophisticated database systems, including traditional relational databases and those capable of handling unstructured documents, social media posts, and machine logs alongside images. Facilitating this process are data science platforms, comprehensive ecosystems equipped with data science tools and technologies that empower enterprises to extract insights and drive business problem solving and decision-making.

In adopting data-driven approaches, enterprises deploy data-intensive business strategies supported by advanced analytics techniques including streaming analytics, machine learning (ML), and predictive analytics. These platforms cater to diverse verticals such as BFSI, healthcare and life sciences, manufacturing, Retail and eCommerce, Telecom and IT, Media and Entertainment, Government and Defense, Transportation and Logistics, Energy and Utilities, travel and hospitality, and education and research.

Within this market, service offerings play a pivotal role. Professional services encompass support and maintenance, deployment and integration, and managed services, ensuring seamless implementation and operation. As organizations span organization size from large enterprise segment to small and medium-sized businesses (SMBs), deployment modes range from on-premises segment to cloud computing, catering to diverse needs and preferences.

Ultimately, the market serves as the bedrock for unlocking the full potential of data, driving innovation, and empowering enterprises to thrive in an increasingly data-centric world. By embracing best practices and leveraging cutting-edge technologies, organizations can effectively navigate this landscape, transforming data into a strategic asset that propels them towards success. Find more insights in a sample report!

Related Reports:

The artificial intelligence platforms market size is expected to increase to USD 31,255.01 million from 2022 to 2027, and the market’s growth momentum will accelerate at a CAGR of 34.86%.The size of the DevOps platform market is expected to increase by USD 25,113.89. million from 2022 to 2027, and the market’s growth momentum will accelerate at a CAGR of 24.5%.

TOC

Executive SummaryMarket LandscapeMarket SizingHistoric Market SizeFive Forces AnalysisMarket Segmentation by ComponentMarket Segmentation by DeploymentCustomer LandscapeGeographic LandscapeDrivers, Challenges, and TrendsCompany LandscapeCompany AnalysisAppendix

About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Technology

Data Catalog Market is expected to generate a revenue of USD 5.72 Billion by 2031, Globally, at 22.61% CAGR: Verified Market Research®

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The Data Catalog Market presents strong growth potential driven by rising data complexity, cloud adoption, and compliance needs. However, high implementation costs and legacy system challenges demand careful planning. North America’s dominance highlights the importance of targeting mature markets with established digital ecosystems. For successful market entry, vendors should focus on scalable, secure solutions with seamless cloud integration, while offering flexible pricing models to appeal to mid-sized enterprises.

LEWES, Del., May 19, 2025 /PRNewswire/ — The Global Data Catalog Market Size is projected to grow at a CAGR of 22.61% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 1.28 Billion in 2024 and is expected to reach USD 5.72 Billion by the end of the forecast period.

The Data Catalog Market is witnessing robust growth due to surging demand for streamlined data discovery, metadata management, and self-service analytics across industries.

Key Highlights of the Report:

Market Size & Forecast – In-depth analysis of current value and future projections.Segment Analysis – Detailed study across Component, Deployment Mode, and End-User.Regional Insights – Comprehensive coverage of North America, Europe, Asia-Pacific, and more.Competitive Landscape – Profiles of top players and their strategic initiatives.Technology Trends: Analyzes adoption of AI, ML, and automation in enhancing catalog functionalities.Regulatory Impact – Assessment of global and regional compliance frameworks.Investment Opportunities: Identifies hot spots for M&A, product innovation, and emerging use cases.

Why This Report Matters:

This report offers strategic insights into the rapidly evolving Data Catalog Market, equipping decision-makers with actionable intelligence on growth opportunities, emerging technologies, and competitive dynamics that directly impact data management investments.

Who You Should Read This Report:

CIOs & CTOs – For shaping enterprise data architecture and governanceData Analysts & Scientists – To enhance data discovery and usabilityIT Leaders – For integrating catalog solutions into cloud or hybrid infrastructureB2B Buyers & Consultants – Seeking in-depth vendor and segment evaluationsInvestors & Strategists – Exploring market entry and portfolio expansion opportunities

For more information or to purchase the report, please contact us at: https://www.verifiedmarketresearch.com/download-sample?rid=26914

Browse in-depth TOC on “Global Data Catalog Market Size

202 – Pages
126 – Tables
37 – Figures

Report Scope

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2021-2031

GROWTH RATE

CAGR of ~22.61% from 2024 to 2031

BASE YEAR FOR VALUATION

2024

HISTORICAL PERIOD

2021-2023

FORECAST PERIOD

2024-2031

QUANTITATIVE UNITS

Value (USD Billion)

REPORT COVERAGE

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Competitive Landscape, Key Players, Segmentation Analysis

SEGMENTS COVERED

By ComponentBy Deployment ModeBy End-User

 

REGIONS COVERED

North AmericaEuropeAsia PacificLatin AmericaMiddle East & Africa

 

KEY PLAYERS

Alation, Inc., Collibra NV, Informatica Inc., IBM Corporation, TIBCO Software Inc., Hitachi Vantara LLC, Alteryx, Inc., Datawatch Corporation, Microsoft Corporation, and Amazon Web Services, Inc.

CUSTOMIZATION

Report customization along with purchase available upon request.

Global Data Catalog Market Overview

Market Driver

Surge in Data Volume and Complexity: The exponential proliferation of data produced by IoT devices, enterprise systems, customer interactions, and third-party platforms has resulted in heightened data complexity. Organizations are currently compelled to extract useful insights from extensive, sometimes siloed and unstructured datasets. Data catalog systems provide centralized metadata stores that facilitate data search, lineage tracking, and classification, enabling expedited access to reliable data and enhancing analytical productivity across departments.

Rising Adoption of Cloud-Based Solutions: Organizations are progressively transitioning to cloud, multi-cloud, and hybrid IT infrastructures to enhance scalability and minimize infrastructure expenses. This transfer frequently results in fragmented data environments, causing difficulties in data visibility and control. Data catalogs provide effortless connectivity across several cloud platforms, facilitating cohesive perspectives of dispersed data assets. This not only improves agility and decision-making but also enables firms to optimize cloud investments and facilitate real-time analytics.

Demand for Regulatory Compliance & Data Governance: The emergence of data privacy legislation like GDPR, CCPA, and HIPAA has necessitated that enterprises establish comprehensive data governance frameworks. Non-compliance may lead to significant monetary fines and harm to reputation. Data catalogs provide automated data classification, policy enforcement, and the production of audit trails, so enhancing compliance efficiency and reliability. Businesses are progressively using catalog solutions to mitigate legal risks, implement access restrictions, and ensure transparency in data utilization.

To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketresearch.com/select-licence?rid=26914

Market Restraint

High Implementation and Integration Costs: Implementing a comprehensive data catalog solution typically necessitates significant financial expenditure, encompassing software license, infrastructure enhancements, personnel training, and consultancy services. Moreover, incorporating new tools into legacy systems can be laborious and resource-demanding. For numerous mid-sized and budget-conscious organizations, substantial initial expenses and ambiguous return on investment may serve as impediments, postponing adoption despite the clear necessity for enhanced data management.

Data Silos and Legacy System Constraints: Numerous companies continue to function with antiquated or isolated systems that fail to accommodate contemporary metadata frameworks. The disjointed systems hinder the centralization and standardization of metadata, complicating the establishment of a singular source of truth. The efficacy of data catalog solutions is markedly diminished when integration is impracticable. This limitation impedes data democratization initiatives and constrains the complete attainment of analytical and operational advantages.

Concerns Over Data Privacy and Security: Although data catalogs enhance data accessibility, they also pose risks if stringent access controls and security measures are not established. Inadequate metadata disclosure may result in unauthorized access to sensitive or classified material. In sectors like finance and healthcare, where data sensitivity is paramount, apprehensions around security breaches and compliance infractions may impede adoption. Organizations must meticulously balance transparency with security, hence increasing implementation complexity.

Geographical Dominance

North America leads the Data Catalog Market owing to its early embrace of advanced analytics, significant presence of major IT firms, and rigorous legislative frameworks that promote data governance. Businesses in the U.S. and Canada are swiftly allocating resources to metadata management and cloud integration, hence increasing the demand for catalog solutions. The region’s developed IT infrastructure and innovation-centric economy establish it as the leader in market expansion and technological progress.

Key Players

The “Global Data Catalog Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Alation, Inc., Collibra NV, Informatica Inc., IBM Corporation, TIBCO Software Inc., Hitachi Vantara LLC, Alteryx, Inc., Datawatch Corporation, Microsoft Corporation, and Amazon Web Services, Inc.

Data Catalog Market Segment Analysis

Based on the research, Verified Market Research has segmented the global market into Component, Deployment Mode, End-User, and Geography.

Data Catalog Market, by Component:SolutionsServices

Data Catalog Market, by Deployment Mode:Cloud-BasedOn-Premises

Data Catalog Market, by End-User:HealthcareManufacturing

Data Catalog Market, by GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America

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Visualize Data Catalog Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, VMR has been instrumental in providing founders and companies with precise, up-to-date research data.

With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

VMR’s domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.

Verified Market Research® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights VMR’s dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.

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From Web3 to Wall Street: Bybit Becomes the First Crypto Exchange to Offer Direct Global Stock Trading with USDT

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DUBAI, UAE, May 19, 2025 /PRNewswire/ — In a landmark move bridging traditional and decentralized finance, Bybit, the world’s second-largest crypto exchange by trading volume, has launched direct trading of top global stocks with USDT. This innovation—part of Bybit’s expanding Gold & Forex (MT5) product suite— unlocks direct trading of 78 of the most sought-after global equities—including Apple ($AAPL), Tesla ($TSLA), Meta ($META), Nvidia ($NVDA), and Amazon ($AMZN)—all powered by USDT. Users can now tap into traditional markets like stocks, gold, oil, indices, and forex, without fiat onboarding or leaving the crypto ecosystem.

With this launch, Bybit became the first and only major crypto exchange to unify crypto, stocks, and traditional assets under one roof, enabling seamless trading across asset classes from a single account and wallet. Whether you’re chasing earnings, hedging exposure, or responding to global macro shifts, this upgrade delivers crypto-native speed, simplicity, and flexibility to global markets.

From Bitcoin to Wall Street and beyond, Bybit traders can now move fluidly between digital and traditional markets—leveraging the power of stablecoins to access a full spectrum of global opportunities in real time.

Why This is a Game Changer

Access Top Global Stocks: Including Apple ($AAPL), Tesla ($TSLA), Meta ($META), Nvidia ($NVDA), Amazon ($AMZN), and more—all now live on Bybit Gold & FX (MT5).One Platform, All Trading: Trade crypto, stocks, gold, oil, indices, and forex—all using USDT.Seamless, Crypto-Native Execution: No fiat required. No barriers. Just pure trading freedom.

Whether you’re hedging crypto volatility with gold, speculating on oil or forex, or investing in tech stocks, Bybit’s enhanced Gold & FX offering opens the door to a truly unified financial experience.

Wall Street Meets Web3: Limited-Time Launch Offer

To celebrate this milestone, Bybit is launching the “Wall Street meets Web3” campaign. From June 2 to June 15, 10:00 (UTC), all users will receive a 50% discount on trading fees for stock trades made through Bybit Gold & FX. It’s your chance to explore the future of finance—where the flexibility of crypto meets the legacy of Wall Street—at half the cost.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
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Comcast Supports Military Veterans with Laptop Giveaway and Lift Zone Opening

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Tech leader launches newest Lift Zone to expand digital access

KNOXVILLE, Tenn., May 19, 2025 /PRNewswire/ — Comcast has partnered with the Liberty Place Housing Complex to launch a new Lift Zone aimed at promoting digital literacy and increasing access to technology for its residents. The opening ceremony and laptop giveaway, held at Liberty Place H, featured City of Knoxville Mayor Indya Kincannon, Knox County Mayor Glenn Jacobs, Comcast Vice President of Government Affairs Melinda Little, and Knoxville’s Community Development Corporation Chief Strategy Officer Marisa Moazen.

Comcast’s Veteran-focused employee resource group (ERG), VetNet, played a key role in the event by providing each resident with a personal letter of appreciation. VetNet members include Comcast employees who are veterans, active military, military family members and other supporters of the military community.

Comcast Investing in the Veteran Community

The event began with an opening ceremony announcing the launch of the new Lift Zone, followed by the presentation of 35 laptops to the residents of Liberty Place. 

“The residents of Liberty Place have made countless sacrifices in service to our country,” said City of Knoxville Mayor Indya Kincannon. “This act of generosity by Comcast helps to remind them that we are grateful, recognize their sacrifice, and are committed to their growth.” 

Since 2015, Comcast has hired more than 21,000 veterans, National Guard and reserve service members and military spouses, and the Veteran Network ERG has over 9,000 members. In 2024, Comcast earned recognition for the third consecutive year as a top three overall employer in the Military Times’ “Best for Vets” rankings.

Expanding Access to Digital Resources

“Providing internet access and laptops to our veterans is a major step in showing them the importance of technology and the impact these tools have on our lives,” said Knox County Mayor Glenn Jacobs. “Thank you to Comcast for this contribution to our veterans.”

The newly launched Lift Zone provides free high-speed internet access for residents at Liberty Place. This housing complex features 32 fully furnished units for veterans who have experienced homelessness or are at risk of homelessness.

“Creating Lift Zones and providing resources that encourage digital access are a major part of Comcast’s commitment to the communities we serve,” said Melinda Little, Vice-President of Government Affairs at Comcast. “The laptops, and reliable, high-speed internet provided by Comcast today will be instrumental in helping these veterans begin their next chapters.”

Comcast’s Longstanding Commitment to Knoxville

Comcast has served Knoxville for nearly three decades through Project UP, a 10-year, $1 billion effort launched in 2021 to foster digital opportunity. As part of this initiative, the Internet Essentials program has helped over 680,000 Knoxville residents connect to affordable home internet since its launch in 2011. Additionally, Comcast has established WiFi-connected “Lift Zones” at local community centers, providing safe spaces for students and families to engage in distance learning, complete homework, acquire digital skills, and search for employment.

About Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations Experiences. Visit www.comcastcorporation.com for more information.

Media Contact
Donnie Hannah
donald_hannah@comcast.com
(470) 322-8272

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