How big is the data discovery market | Industry Size, Growth & Forecast

Q: What is the market size of the data discovery market in 2025 and 2031?

The data discovery market was valued around USD 10.8 billion in 2025 and is projected to exceed USD 27 billion by 2031.

Q: What is the CAGR of the data discovery market between 2025 and 2031?

The data discovery market is anticipated to grow at a CAGR of 14.3% during the forecast period.

Q: What are the key trends in the data discovery market?

Key trends of data discovery market mainly include self-service analytics, integration of AI and machine learning, unified BI platforms, and focus on data security and governance.

Q: What are the main drivers of the data discovery market?

The data discovery market is driven by the rising need for real-time business insights, increasing data volumes, and the growing adoption of cloud and AI technologies.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA5781

Publication Date: Jul 2025

What is the Data discovery Market Size?

According to 6Wresearch internal database and industry insights, Global Data discovery market was valued atUSD 10.8 billion in 2024 and is anticipated to exceedUSD 27 billion by 2031, registering a steady at aCAGR of 14.3% during the forecast period.

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This market is witnessing accelerated growth driven by the growing importance of data-driven decision-making, the adoption of advanced analytics tools, and increasing enterprise investments in business intelligence platforms. The demand is also fueled by rising data volumes, integration of AI and machine learning for smarter insights, and a strong focus on real-time data exploration for faster organizational responses.

Major Growth Factors of the Data discovery Market

Growing volume and complexity of enterprise data
Rising need for self-service analytics solutions
Increasing adoption of cloud-based data platforms
Integration of AI and machine learning
Regulatory and compliance data requirements
Rising demand for business intelligence and data visualization
Need for faster, more informed decision-making
Expansion of data governance practices

Data discovery Market Trends

The data discovery market is influenced by the shift toward self-service analytics, allowing non-technical users to explore and visualize data without IT dependency. There is a notable trend in integrating AI and machine learning to automate insights and predictive modelling. Vendors are also focusing on unified platforms that combine data preparation, discovery, and governance to streamline business operations.

Emerging Developments in the Data discovery Market

The data discovery market is witnessing increased R&D in intelligent discovery tools that offer real-time insights and automated data recommendations. Strategic partnerships between data discovery providers and cloud service firms are on the rise. There is also a surge in the development of privacy-compliant discovery platforms that ensure secure handling of sensitive enterprise data.