Market Share of Data Discovery Industry
The data discovery market is moderately competitive and consists of a few major players. In terms of market share, some of the players currently dominate the market. However, with the advancement in analytics. New players are increasing their market presence, thereby expanding their business footprint across the region. The vast expansion of capabilities in big data analytics technology (owing to the availability of open-source tools) may also push the companies in the area to keep up with rivals and give away too much of the improved product performance. The environment escalates costs and erodes industry profitability.
In November 2022, BigID, the world's leading platform that allows companies to comprehend their enterprise information and take action for security, privacy, governance, and compliance, announced an expanded partnership with Wiz, the leading technology security platform that allows customers to quickly identify and eliminate critical cloud risks. Data Security Posture Management (DSPM) and Cloud-Native Application Protection (CNAPP) are combined by Wiz and BigID to decrease cloud risk and speed up cloud security initiatives.
In March 2022, HaystackID, a specialist eDiscovery services provider which works with law firms and company law departments, launched HaystackID Core, a discovery management framework for discovery data. HaystackID Core is a strong portfolio of platform, software, and infrastructure services that integrates HaystackID Discovery Intelligence with the latest technology, privacy platforms, security, processes, and protocols. HaystackID Core gives enterprises, law firms, and consultancies the strength and accuracy they need to adopt a new approach to eDiscovery without making any upfront or extra expenditures in hardware or software.
Data Discovery Market Leaders
Tableau Software, LLC
Datameer, Inc.
SAP SE.
Tibco Software Inc.
Cloudera, Inc.
*Disclaimer: Major Players sorted in no particular order
