Global Enterprise Data Management Market Research Report, by Component (Services & Solutions) By Solutions (Data Integration, Data Warehousing, Data Quality), By Deployment (On-Cloud and On-Premise), By Organization-Size, and by End-users - Forecast till 2023
Market Scope
The enterprise data management market 2020 can touch a valuation close to USD 146 Billion by the year 2023, asserts Market Research Future (MRFR). MRFR also confirms that the market expansion can occur at a rate of 12% over the review period, which is between 2017 and 2023.
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Growth Boosters and Key Restraints
Enterprise data management solutions have gained utmost significance owing to the surging need to manage massive data that organizations generate on a daily basis. The need to frame an effective data strategy for strategic advantage boosts the growth of the enterprise data management market. The voluminous amount of data produced and the need to handle it in such a way that it proves to be advantageous to the organization has placed data management at the top of their agendas, leading to rapid business growth across the IT sector worldwide.
EDM is being increasingly used by a number of companies as it offers competitive advantage to them, resulting in the emergence of lucrative opportunities for the market growth. Also, the rising proliferation of Big Data technology can also stimulate growth of the EDM market in the following years.
With the growing instances of security breaches across technology companies, enterprises everywhere are sharpening their focus on data security and privacy. Advanced technologies such as machine learning, AR and edge computing are also being extensively used by core sectors for enriching the customer experience, leading to higher demand for enterprise data management solutions.
Market Segmentation
The enterprise data management market has been differentiated with respect to component, deployment, organization size, as well as end-user.
The market components are solutions as well as services. Data management software can achieve the highest growth in the coming years, since it helps enhance the quality as well as business continuity.
The types of organizations that use data management services are large enterprise as well as small & medium enterprise.
With respect to deployment, the market segments are on-cloud along with on-premises.
The main end-users in the enterprise data management market include transportation & logistics, energy & power, healthcare, BFSI, manufacturing, government, IT & telecom, and more. With the help of enterprise data management solutions, the banking industry is able to efficiently handle the data, while ensuring the consistency of data. Further, the BFSI sector is able to adhere to all the regulatory imperatives, and use predictive models for customer and risk analytics.
Regional Insight
Asia Pacific or APAC, North America, Europe, and the Rest of the World or RoW are the primary markets for enterprise data management.
North America can take the lead in the years ahead, thanks to the presence of sustainable and developed economies that promptly make heavy investments in R&D activities. These activities within the IT field contribute majorly to the development of the latest technologies in the enterprise data management market. The presence of a massive number of celebrated companies like IBM Corporation (U.S.), Oracle Corporation (U.S.), and Intel Security (U.S.), also adds to the market strength in the region. The U.S and Canada, armed with a huge IT network, are the top-performing markets for enterprise data management in the region. Furthermore, the surge in the use of data maturity model can emerge as a lucrative opportunity for the regional market in the years to come.
APAC can be the fastest gaining market for enterprise data management during the appraisal period, with the lead expected to be taken by India, Japan, South Korea and China. The rapidly mounting number of small and medium enterprises within the IT sector and the rising deployment of cloud computing solutions are touted to be the chief growth boosters in the regional market. India can achieve the fastest growth rate in the region, thanks to the rising number of government initiatives that boost the number of SMEs in the IT industry.
Top Players
Goldensource (U.S.), SAS Institute Inc. (U.S.), Intel Security (U.S.), Mindtree (India), SAP SE (Germany), IBM Corporation (U.S.), Symantec Corporation (U.S.), Oracle Corporation (U.S.), Primitive Logic (U.S.), Liasion Technologies (Sweden), Teradata Corporation (U.S.), Cognizant (U.S.), MongoDB (U.S.), Jade Global (U.S.), Mulesoft (U.S.), Accenture (Ireland), Talend (U.S.), Solix technologies Inc. (U.S.), are the top players competing in the enterprise data management industry.
Key Developments
May 2020
Tech giants Microsoft and Cisco have entered a partnership, signaling the bid to take over the IoT data management space.
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Enterprise Data Management Industry 2021Enterprise Data Management Industry is expected to reach US$ 232,991.5 million by 2030, growing at an estimated CAGR of 11.8% over the forecast period owing to technological growth Enterprise Data Management Industry 2019 Global Industry Research Report provides market size, industry growth, share, development trends, investment plans, business ideas and forecasts by 2025.
Scenarios and useful business decisions.
The report includes subjective comprehensive research and a direct study of the quantitative perspectives of key family pioneers for an in-depth understanding of other industry experts, markets and industry practices.
This report provides a reasonable picture of the current market situation, including truth and forecast Enterprise Data Management Industry estimates on trading volume, technological advances, macroeconomic and governance factors.Access Full Report Details and Order this Premium Report @ https://www.absolutemarketsinsights.com/reports/Global-Enterprise-Data-Management-Market-2019-2030-257 Major Key Players:Some of the players operating in the global Enterprise Data Management Industry are Accenture, Adaptive Inc., Cambridge Semantics Inc., GoldenSource, IBM Corporation, Informatica Corporation, Intel Corporation, Mule Soft, Oracle amongst others.Key findings of the report:The global Enterprise Data Management Industry is expected to reach US$ 232,991.5 million by 2030 in terms of revenue because of increasing demand for data governance and data security by most of the organizations.
Also, data integration is one of the key factor for the growth of Enterprise Data Management Industry.Master Data Management held the largest market share in 2018 and is anticipated to grow at a CAGR of 12.9% over the forecast period as it is helpful to analyze the existing data management processes and develops best practices for handling critical data of the organization.Banking, Financial Services and Insurance (BFSI) covered most of the market share in 2018 and is expected to follow the trend for the forecast period at a CAGR of 13.2%.
It needs to set up a model for consumers to further curate and advance the data management semantics.Asia Pacific Enterprise Data Management Industry is expected to grow at a fastest growth rate of 13.1% during 2019 to 2030 due to continuous increase in the information and technology businesses.Market SegmentationBy Organization Size:Large EnterprisesSmall and Medium Enterprises (SMEs)Enterprise Data Management Industry By Application:Data IntegrationData MigrationData WarehousingData QualityData SecurityMaster Data ManagementOthersEnterprise Data Management Industry By Vertical:Banking, Financial Services and InsuranceGovernmentRetailHealthcareIT and TelecomManufacturingEnergy and UtilitiesTransportation and LogisticsOthersBy Deployment Mode:On-PremiseCloud-basedEnterprise Data Management Industry By GeographyNorth AmericaU.S.CanadaMexicoRest of North AmericaAsia PacificChinaJapanIndiaNew ZealandAustraliaSouth KoreaSoutheast AsiaIndonesiaThailandMalaysiaSingaporeRest of Southeast AsiaRest of Asia PacificEuropeFranceThe UKSpainGermanyItalyNordic CountriesDenmarkFinlandIcelandSwedenNorwayBenelux UnionBelgiumThe NetherlandsLuxembourgRest of EuropeMiddle East and AfricaSaudi ArabiaUAEEgyptKuwaitSouth AfricaRest of Middle East & AfricaLatin AmericaArgentinaBrazilRest of Latin America.…Contact us:Shreyas TannaPhone: +91-740-024-2424Absolute Markets InsightsEmail: [email protected]
Market HighlightsEnterprise Data Management is the capability of the businesses to identify, develop, integrate, and manage the data of the entire enterprise workflow, applications, and entities which require precise and accurate data delivery.
The global Enterprise Data Management Market is expected to reach approximately USD 146 billion by 2023 growing with 12% CAGR over the forecast period 2017-2023.Globally, the enterprise data management market is expected to have significant growth over the forecast period.
The growth is attributed to surge in regulatory compliances and regulations related to enterprise data is anticipated to be one of the driving factors for the growth of the enterprise data management market.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5863Competitive Dashboard:Some of the key players of enterprise data management market include Oracle Corporation (U.S.), Mulesoft (U.S.), Accenture (Ireland), SAP SE (Germany), IBM Corporation (U.S.), Talend (U.S.), Symantec Corporation (U.S.), SAS Institute Inc. (U.S.), Intel Security (U.S.), Teradata Corporation (U.S.), Cognizant (U.S.), MongoDB (U.S.), Mindtree (India), Jade Global (U.S.), Goldensource (U.S.), Solix technologies Inc. (U.S.), Liasion Technologies (Sweden), and Primitive Logic (U.S.).Segmentation:The enterprise data management market is differentiated by component, deployment, organization size, and end-user.By component, the enterprise data management market is sub-segmented as solutions and services.
On the basis of services, the market is sub-segmented into professional services and managed services.
The professional services are further segregated into consulting services, implementing & integrating services, and training & support services.
The solutions are segregated as data integration, data warehousing, data processing, data governance, data synchronization, data security, data quality, and others.On the basis of organization type, the market is segregated into large enterprise and small & medium enterprise.Furthermore, on the basis of deployment, the market is sub-divided into on-cloud and on-premises.By end-user, the market is sub-divided into IT & telecom, BFSI, manufacturing, energy & power, healthcare, transportation & logistics, government, and others.Regional Analysis:Geographically, the enterprise data management market is categorized into four different regions namely North America, Asia Pacific, Europe, and the Rest of the World.North America is expected to have a significant growth the enterprise data management market over the forecast period.
