Forecast Report on Global MDM BPO Market Expected to Register an Impressive Growth During 2017 to 2026

Posted on 2018-11-12 by Mark Hub in Technology // 0 Comments

Fact.MR

Rockville, US, 2018-Nov-12 — /EPR Network/ — Master data management (MDM) engulfs processes, tools, standards, policies and governance, which consistently manage and define critical data generated by an organization for providing single point of reference. An MDM BPO provides services for collecting, aggregating, matching, quality-assuring, and consolidating this data for ensuring consistency & control in ongoing maintenance and application.

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Demand for MDM Increasing with Growing IoT Proliferation

Over the past few years, master data management has witnessed substantial advancement, with the emergence of internet of things (IoT) accelerating penetration of information technology into a wide range of industries. Organizations are ramping up their investment in the IoT technology, as it offers various advantages in the sectors of global networks, big data analytics, and cloud computing. Number of startups across the globe have been surging, along with significant growth in businesses being conducted over the web. Considering direct proportionality of IoT proliferation to the requirement for data management, demand for master data management will witness an upsurge in the near future. Master data management enables organizations in deriving actionable insights from IoT data generated.

The need to invest in master data management has therefore become imperative for an organization’s success. Businesses today find it crucial for making effective business decisions in a short period of time. Organizations are continuously striving to acquire better productivity on the back of unstructured information and poor data quality, which in turn leads toward poor decision making and impacts business processes. In a bid to over these challenges, organizations rely on BPOs for management of their data. MDM BPOs accomplish customer expectations through provision of comprehensive solutions, which combine power data, technology and analytics. MDM BPOs help enterprises in making informed business decisions, and improving their ROI by excellently connecting right people with the right products.

According to Fact.MR’s recently published report, the global MDM BPO market will register a spectacular rise over the forecast period (2017-2026). Revenues from the market are estimated to surpass US$ 10,000 Mn by 2026-end.

6 Key Projections on Future of MDM BPO Market for Forecast Period 2017-2026

North America and Europe are anticipated to remain the most lucrative regions for expansion of the MDM BPO market. Revenues from the markets in these two regions are projected to account for roughly equal shares of the market by 2026-end. The market in Asia-pacific excluding Japan is projected to exhibit the fastest expansion through 2026. In contrast, the market in Middle East & Africa is projected to reflect the slowest expansion through 2026.
On the basis of data type, customer centric MDM will continue to be the leading revenue contributor to the global MDM BPO market. Revenues from enterprise centric MDM will also remain high, and are projected to account for roughly one-third market share by 2026-end. Supply centric MDM will remain the least lucrative data type segment in the market.
HR is expected to retain its position of being the leading function of MDM BPO, followed by finance and accounting. Revenues from these two MDM BPO functions will hold more than half share of the market by 2026-end. Although the market revenue share of procurements will remain relatively lower, this function segment is projected to register the highest CAGR in the market through 2026.
On the basis of industry, the largest revenue share of the market will continue to be accounted by manufacturing, followed by BFSI. Revenues from the provision of MDM BPO services to these two industries are collectively forecast to surpass US$ 4,500 Mn by 2026-end. Aerospace & defense and IT & telecommunication are projected to remain the least profitable industries in the global MDM BPO market.
In 2017, large enterprise spearheaded the global MDM BPO market. However, small & medium enterprises are expected to outgrow large enterprises in the market by 2026-end.
Key market players identified by the report include Informatica, Oracle Corporation, IBM Corporation, TIBCO Software, SAP, Genpact, Cap Gemini, Infosys Limited, Magnitude Software, Riversand Technologies, Inc., Talend, Orchestra Networks, and TCS.

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North America and Europe to Remain Most Profitable Regions for the Market Growth

With rapid growth in technological advancements and high adoption of IoT across various organizations in developed regions such as North America and Europe, huge amount of data is generated. This further calls for effective MDM creating demand for MDM BPOs in these regions. North America and Europe are expected to remain the most profitable regions for growth of the MDM BPO market. Asia-Pacific excluding Japan (APEJ) has become a key region for outsourcing various processes and operations. APEJ will also account for a major portion of the market revenue share by 2026-end.

Customer centric MDM is anticipated to remain the leading data type segment, with revenues projected to account for approximately half share of the market by 2026-end. Following customer centric MDM will be enterprise centric MDM, with revenues poised to hold over one-third share of the market during the forecast period.

Table of Content:

Global Economic Outlook
Global MDM BPO Market – Executive Summary
Global MDM BPO Market Overview
3.1. Introduction
3.1.1. Global MDM BPO Market Taxonomy
3.1.2. Global MDM BPO Market Definition
3.2. Global MDM BPO Market Size (US$ Mn) and Forecast, 2012-2026
3.2.1. Global MDM BPO Market Y-o-Y Growth
3.3. Global MDM BPO Market Dynamics
3.4. Vendor Share Analysis
3.5. Key Participants Market Presence (Intensity Map) By Region
3.6. Value Chain Analysis
3.7. Top Vendor Offerings
3.8. MDM BPO Framework
3.9. PESTLE Analysis
3.10. Forecast Factors
Global MDM BPO Market Analysis and Forecast 2012-2026
4.1. Global MDM BPO Market Size and Forecast By Data Type, 2012-2026
4.1.1. Supply Centric MDM Market Size and Forecast, 2012-2026
4.1.1.1. Revenue (US$ Mn) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
4.1.2. Enterprise Centric MDM Market Size and Forecast, 2012-2026
4.1.2.1. Revenue (US$ Mn) Comparison, By Region
4.1.2.2. Market Share Comparison, By Region
4.1.2.3. Y-o-Y growth Comparison, By Region
4.1.3. Customer Centric MDM Market Size and Forecast, 2012-2026
4.1.3.1. Revenue (US$ Mn) Comparison, By Region
4.1.3.2. Market Share Comparison, By Region
4.1.3.3. Y-o-Y growth Comparison, By Region
4.2. Global MDM BPO Market Size and Forecast By By Function, 2012-2026
4.2.1. Finance & Accounting Market Size and Forecast, 2012-2026
4.2.1.1. Revenue (US$ Mn) Comparison, By Region

Continued……………..

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