The global enterprise data management market is estimated to expand at 12 % CAGR during the forecast period (2017-2023) owing to the increasing need for on-time authentic information, asserts Market Research Future (MRFR). Enterprise data management or EDM refers to the capability of business to develop, identify, integrate, and manage the data of the overall enterprise workflow, entitles, and applications which require accurate and precise data delivery. EDM eradicates organizational issues and conflicts resulting from the mismanagement of data.
Enterprise 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. In other words, the enterprise data management refers to manage the data which ensure compliance and governance features such as data quality, security and many more. Additionally, enterprise data management helps to integrate the data to enable master data management (MDM). The MDM is a method used to consistently define manage, and control the critical data of an enterprise to offer a single point of reference.
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– Market share assessments for the regional and country level segments
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According to MRFR, 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.
Major Key Players
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.).
Cloudera has announced the availability of Cloudera’s most powerful platform for machine learning and data warehousing, Cloudera Enterprise 6.0. They have also announced Cloudera Altus hybrid cloud innovations that unify governance and control of long-running and transient workloads on public clouds and data centers, managed by customers or as-a-service by Cloudera.
Drivers and Constraints Impacting the Market
With the increasing need for on-time authentic information and growing demand for risk management solutions are presumed to drive the global market over the assessment period. The increasing need for data management in enterprises as a necessary requisite for the continuity of the business as well as the need to reduce the overall cost of ownership of data is estimated to foster the market growth over the assessment period. Additionally, with the growing need for managing voluminous data generated in an organization on a regular basis is triggering the demand for enterprise data management market over the years. Moreover, with the advent of Big Data technology, the global market for enterprise data management is likely to expand.
On the flip side, the presence of data silos, data quality, and issues related to validation of data address are some of the factors presumed to inhibit the market growth during the assessment period.
Geographically, the enterprise data management market is segmented into four different regions namely North America, Asia Pacific, Europe, and the Rest of the World.
North America is presumed to have significant growth in the enterprise data management market. The United States and Canada are leading the markets of the region. The growth is due to high-level expertise in the cloud deployment of enterprise data management. Asia Pacific is also anticipated to be the fastest growing region in the enterprise data management market over the forecast period. India, Japan, South Korea, and China are the leading countries in the region. This is attributed to increased investment to boost the IT sector. Furthermore, Europe is expected to have a substantial growth in the market owing to robust technological infrastructure.
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- Enterprise Data Management tool providers
- Enterprise Data Management service providers
- Application developers
- System integrators
- Managed service providers
- Cybersecurity consulting firms
- Government agencies
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