Master Data Management Market worth $27.9 billion by 2025

[286 Pages Report] Master data management market size, analysis, trends, & forecast. The global market for master data management categorized by solution, services, data type, deployment type, organization size, vertical & by region.

Posted on 2020-07-21 by MarketsandMarkets in Technology // 0 Comments

Northbrook, IL 60062, USA, 2020-Jul-21 — According to a research report “Master Data Management Market by Component (Solutions & Services), Data Type, Deployment Type (Cloud & On-Premises), Organization Size (SMEs & Large Enterprises), Vertical (BFSI, Retail, Manufacturing, and Healthcare), and Region – Global Forecast to 2025″ published by MarketsandMarkets, the global MDM market size is expected to grow from USD 11.3 billion in 2020 to USD 27.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period.

Increase in the use of data quality tools for data management, and rising need for compliance accurately provides forecasts for faster decision making, is also expected to drive the master data management market growth. However, data security concerns are one of the factors hindering the industry growth.

Browse 331 market data Tables and 49 Figures spread through 286 Pages and in-depth TOC on “Master Data Management Market – Global Forecast to 2025”

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=267174702

Rising need for remote and real-time insights from unstructured clinical data resulting healthcare vertical to account for the highest market share during the forecast period

The healthcare industry is undergoing extensive development due to advancements in technologies which are enhancing the overall industry. It is a comprehensive sector which has to deal with diverse clinical, administrative, and financial data on a daily basis. The industry is highly regulated and needs channelized data insights, improved data quality, and accurate clinical information which is consolidated through the deployment of MDM solutions. The data consists of comprehensive details about patients, physicians, employees, doctors, administrative staff, procedures, and inventory, among others.

Increasing the need to have a 360-degree view of enterprise data to enhance agility between business processes resulting in the solution segment to hold a larger market size

The MDM market, based on components, covers solutions and services. MDM solutions are increasingly being adopted by organizations to efficiently manage the growing volume of data to enhance productivity and maintain business continuity. The proliferation of data has led vendors, such as IBM, SAP, Oracle, and Informatica, to develop and design MDM solutions as well as help the IT team simplify and manage master data. Vendors in the market are offering MDM solutions, thereby facilitating automated management of master data without human intervention. These solutions provide the users with in-depth insights into product lifecycle, vendor listing, multi-domain customer requirements, and inventory data. This consolidated master data also provides the users with information that helps them improve their customer experiences, accelerate their analytical and transactional operations, and make faster business decisions.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=267174702

North America to dominate the market during the forecast period

North America is expected to dominate the global market from 2020 to 2025, owing to the presence of several solution vendors in the US. Canada has the highest internet penetration rate responsible for the growth of North America. Additionally, the presence of several vendors and favorable support environments has led to the foundation of a robust support ecosystem in the region. The MDM market in North America is expected to grow steadily, as enterprises are consolidated multi-domain MDM software applications, as a part of their strategy, to to have data comprehensively managed, processed, and analyzed through a master copy provided exclusively through MDM and achieve improved business functioning.

Market Players

The major vendors offering MDM software are IBM (US), Oracle (US), SAP (Germany), SAS Institute (US), TIBCO Software (US), Informatica (US), Talend (US), Cloudera (US), Riversand (US), SynForce (US), Stibo Systems (Denmark), Profisee Group (US), Reltio (US), Semarchy (US), EnterWorks (US), Symantec (US), Ataccama (Canada), AWS (US), Teradata (US), Mindtree (US), Magnitude Software (US), Contentserv Switzerland Vitria (US), Veeva (US), Qlik (US), MapR (US), GoldenSource (US), AWS (US), MuleSoft (US), Micro Focus (UK), Zaloni (US), and Actian (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Matched content

Editor’s pick