Data Discovery Market

Tableau Software, Inc. and Datawatch Corporation, Datameer Inc. are Leading Players in the Data Discovery Market

Data discovery market is gaining traction across the world with growing trend of self-service Business Intelligence (BI) for effective real-time decisions to optimize operational costs and improve performance. The data discovery market garnered USD 4.33 Billion in 2016 and is expected to reach USD 10.66 Billion in 2021, growing at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period.

Various vendors operating in this market include Tableau Software, Inc. (U.S.), Datawatch Corporation (U.S.), Datameer, Inc. (U.S.), TIBCO Software Inc. (U.S.), SAP SE (Germany), Cloudera, Inc. (U.S.), Birst, Inc. (U.S.), ClearStory Data (U.S.), Platfora (U.S.), Oracle Corporation (U.S.), MicroStrategy Inc. (U.S.) and Qlik Technologies, Inc. (U.S.). The players in this industry have adopted different strategies to expand their worldwide presence and enhance their market shares. Partnerships, collaborations, acquisitions, and new product launches are some of the significant strategies adopted by the players in the recent past. Players, such as Tableau Software, Inc., Datawatch Corporation, Datameer Inc., and TIBCO Software Inc have adopted these strategies to expand their product portfolios.

Tableau Software Inc., one of the leading players in the market, adopted the partnerships, collaborations, and new product launches strategy to increase its market share. The company offers data discovery software, as well as, associated services to its clients. As part of its organic growth strategy, in March 2016, the company launched Tableau 9.3 with enhanced data prep, governance, and administration features. In May 2016, Tableau partnered with the leading data management solutions provider, Informatica, to integrate its self-service analytics with Informatica’s clean, secure, and trusted metadata to help business users gain critical insights. With this partnership, Tableau’s customers could experience best-in-class desktop, server, or online data analytics solutions with Informatica’s data integration & data preparation and Tableau’s visualization capabilities.

Datawatch Corporation (U.S.) is another major provider of data discovery solutions. The company has global presence with offices in American, European, and Asian regions. It generates revenues under three business segments, namely, software license, maintenance, and professional services. The company offers data visualization and discovery solutions under its Panopticon platform. Datawatch Corporation has adopted the ingenious approach of product launches and partnerships to enhance its geographic presence. Recently, in December 2016, the company has released Panopticon 16 to cater the demand of advanced analytics of the capital market. Trading firms now can perform real-time analysis on current, as well as, historic trading data with easy data integration into HTML5 analytical dashboards. In August 2015, Datawatch Corporation formed a partnership with ICG, a specialist in streaming analytics and LUX platform development. With this partnership, Datawatch Corporation offered new visual analytics solutions to track, compare, and analyze trends, based on social media data. Together, they developed LUX2016, which is based on Datawatch’s visual discovery and ICG’s LUX streaming analytics platform. With the help of this solution, the users interested in politics would easily track important details from political debates in real time.

Related Reports:

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

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Report Code
TC 4867
Published ON
Jan, 2017
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