Research Nester released a report titled “Structured Data Management Software Market: Global Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of the global structured data management software market in terms of market segmentation by deployment, enterprise size, end-user industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global structured data management software market is projected to grow with a high CAGR during the forecast period, i.e., 2023-2035, on account of increasing data volume and rising implementation of digital technologies among enterprises. Moreover, rapid growth in various end-user industries such as e-commerce has also boosted the market’s growth.
The market is segmented by end-use industry into BFSI, automobile, healthcare, manufacturing, IT & telecom, retail & e-commerce, and others. Among these segments, the BFSI segment is anticipated to hold the largest market share during the forecast period owing to the rising number of digital offerings by banks and other financial institutions to bring operational efficiency and rapid adoption of digital technologies in the industry.
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the market in North America is anticipated to hold the largest share, which can be attributed to the widespread adoption of structured data management software among various end-user industries in the region.
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Rapidly Increasing Data Volume Across the World to Drive Market Growth
The surge in internet penetration has led to accumulation of large volumes of data, which is projected to increase even more in the future. For instance, as per International Telecommunication Union (ITU), the percentage of individuals using the internet globally has risen to 53.6% in 2019 from 16.8% in 2015. Additionally, companies are focusing on increasing their digital presence to improve their products & services. These are considered to be the major factors expected to boost market growth over the forecast period.
However, concerns related to data privacy and rising incidents of data theft are some of the factors that are estimated to restrain market growth in the near future.
This report also provides the existing competitive scenario of some of the key players of the global structured data management software market which includes company profiling of SAS Institute Inc., IBM Corporation, Oracle Corporation, Rackspace US, Inc., Teradata Corporation, Huawei Technologies Co., Ltd, Micro Focus International plc, Salesforce.com, Inc., Clarity Information Solutions, Zoho Corporation Pvt. Ltd., and others.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
On the whole, the report depicts detailed overview of the global structured data management software market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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