Master Data Management Market Business Demand, Growth and Forecast 2027
The increased use of data quality tools for effective and efficient management, as well as the increase in tight regulatory compliance within small, medium, and large-sized organizations, are important factors driving market expansion. MDM is a game-changing strategy for organizing, categorizing, and localizing master data. This aids in the improvement of marketing and operational strategies for specific requirements; thus, IT companies and corporate enterprises choose these. Technology advancements are also resulting in a more agile and cloud-based MDM, which is essential for changing business requirements.
Master Data Management Market Report Scope:
The Master Data Management market has been analysed at regional and country levels. The segment-wise and region-wise analysis of the Master Data Management market dynamics including drivers, restraints, challenges and opportunities has been provided in the report. This detailed analysis of the market makes the report an investor’s guide.
A bottom-up approach has been used to estimate the Master Data Management market size. Key Players in the Master Data Management market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included a review of annual and financial reports of leading manufacturers, while primary research included interviews with important opinion leaders and Master Data Management industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. SWOT analysis was used to provide strengths, weaknesses, opportunities and threats of the Master Data Management key players in the industry.
Master Data Management Market Report Overview:
The new market intelligence report published by research firm, Stellar Market Research, indicates the lucrative growth for Master Data Management Market suppliers in the forecast period through 2029. The Master Data Management Market report includes the growth drivers, major restraints, upcoming challenges and prevailing opportunities in the market.
Master Data Management Market Size was valued at USD 16.2 billion in 2021. Global Master Data Management Market size is estimated to grow at a CAGR of 15.9 % over the forecast period.
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Master Data Management Market Regional Analysis:
Government initiatives in the sector and regulations drive the Master Data Management Market growth in the region. The Master Data Management market report includes a geographic condition of the market, market size and share as well as in-depth research into the business network structure, opportunities, and news updates. The report includes all the regions: North America, Europe, Asia Pacific, South America and Middle East and Africa.
Master Data Management Market Segmentation:
The Master Data Management Market is divided into two segments based on deployment: public cloud and on-premise. The public cloud deployment category accounted for 67% of the market in 2021 and is predicted to increase at a CAGR of 14.3% during the forecast period. Public Cloud deployment aids in the creation of a unique client database, which is essential for the development of new application suites for IT-oriented organizations. The majority of public-level data disposal would continue to take place via cloud networking, according to Master Data Management. Other businesses are emphasizing the necessity of unrestricted, open-ended implementation of MDM solutions. This is causing an increase in demand for public-cloud-based systems over the anticipated period.
Government, BFSI, IT & Telecommunication, Healthcare, Energy & Utilities, Transportation & Logistics, Management, and Retail are the end-user segments of the Mater Data Management Market. The BFSI industry has the greatest market share, accounting for 28% in 2021. This is due to the banking and finance industries' quick adoption of the MDM system. The BFSI sector is predicted to be the largest end-use industry of the MDM solution by the end of 2022. As a result, the increase of the banking industry will drive the Mater Data Management Market throughout the forecast period.
Master Data Management Market Key Players:
Informatica LLC
IBM Corporation
Oracle Corporation
SAP SE
Stibo Systems A/S
Riversand Technologies, Inc.
Orchestra Networks
Talend Inc.
EnterWorks Acquisition, Inc.
TIBCO Software Inc.
Teradata Corporation
SyncForce
SAS Institute
Cloudera
Profisee Group
Reltio
Semarchy
Symantec
Ataccama
AWS
Mindtree
Magnitude Software
Contentserv Switzerland Vitria
Qlik
Key Questions answered in the Master Data Management Market Report are:
- What is Master Data Management Market?
- What is the forecast period of the Master Data Management Market?
- What are the Master Data Management market segments?
- Which segment held the largest Master Data Management market share?
- What will be the CAGR of the Master Data Management market during the forecast period?
- What is the competitive scenario of the Master Data Management market?
- What are the opportunities for the Master Data Management Market?
- What are the factors restraining the Master Data Management market growth?
- Which region held the largest market share in the Master Data Management Market?
Key offerings:
- Market Share, Size, and Forecast by Revenue
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis of segments and sub-segments
- Competitive Landscape- Leading key players and other prominent key players.
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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