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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Major Key Players
- 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),
- Primitive Logic (U.S.).
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.
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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The enterprise data management market is broadly categorized 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.
- Enterprise Data Management tool providers
- Enterprise Data Management service providers
- Application developers
- System integrators
- Managed service providers
- Cybersecurity consulting firms
- Government agencies
LIST OF TABLES
Table 1 Global Enterprise Data Management Market: By Region, 2017-2023
Table 2 North America Enterprise Data Management Market: By Country, 2017-2023
Table 3 Europe Enterprise Data Management Market: By Country, 2017-2023
Table 4 Asia Pacific Enterprise Data Management Market: By Country, 2017-2023
Table 5 The Middle East & Africa Enterprise Data Management Market: By Country, 2017-2023
Table 6 Latin America Enterprise Data Management Market: By Country, 2017-2023
Table 7 Global Enterprise Data Management by Component Market: By Regions, 2017-2023
Table 8 North America Enterprise Data Management by Component Market: By Country, 2017-2023
Table 9 Europe Enterprise Data Management by Component Market: By Country, 2017-2023
Table 10 Asia Pacific Enterprise Data Management by Component Market: By Country, 2017-2023
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