Global Enterprise Data Management market is expected to reach US$ 232,991.5 million by 2027, growing at an estimated CAGR of 11.8% over the forecast period owing to technological growth
Enterprise Data Management (EDM) is an enterprise's ability to effectively manage, integrate, deploy, and create data for enterprise processes, entities, and applications that require accurate and timely data delivery. EDM also solves the concept of transferring different data sets within applications and processes that rely on the consumption of the data set to complete a business transaction or process. EDM addresses the environment in which users in an enterprise model, manage, store, and source data independently. An uncoordinated approach can reduce the reliability of data used for reporting and various operations due to quality discrepancies and data conflicts.
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EDM relates to how content is integrated into applications and how content is passed from one process to another. EDM eliminates organizational conflicts and issues caused by incorrect management of data. Implement structured data passing from data producer to data consumer. EDM consists of software applications used to manage computing and network infrastructure, business logic and policies, and enterprise data flow. Implementing EDM requires collaboration between different departments such as finance, operations, and IT.
Some of the players operating in the global enterprise data management market are Accenture, Adaptive Inc., Cambridge Semantics Inc., GoldenSource, IBM Corporation, Informatica Corporation, Intel Corporation, Mule Soft, Oracle amongst others.
Key findings of the report:
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Enterprise Data Management Market Key Segments:
By Organization Size:
- The global enterprise data management market is expected to reach US$ 232,991.5 million by 2027 in terms of revenue because of increasing demand for data governance and data security by most of the organizations. Also, data integration is one of the key factor for the growth of enterprise data management market.
- Master Data Management held the largest market share in 2018 and is anticipated to grow at a CAGR of 12.9% over the forecast period as it is helpful to analyze the existing data management processes and develops best practices for handling critical data of the organization.
- Banking, Financial Services and Insurance (BFSI) covered most of the market share in 2018 and is expected to follow the trend for the forecast period at a CAGR of 13.2%. It needs to set up a model for consumers to further curate and advance the data management semantics.
- Asia Pacific Enterprise Data Management market is expected to grow at a fastest growth rate of 13.1% during 2019 to 2027 due to continuous increase in the information and technology businesses.
Enterprise Data Management Market By Application:
- Large Enterprises
- Small and Medium Enterprises (SMEs)
Enterprise Data Management Market By Vertical:
- Data Integration
- Data Migration
- Data Warehousing
- Data Quality
- Data Security
- Master Data Management
By Deployment Mode:
Enterprise Data Management Market By Geography
- Banking, Financial Services and Insurance
- IT and Telecom
- Energy and Utilities
- Transportation and Logistics
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- North America
- Rest of North America
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
The global enterprise data management market is broken down by component, deployment model, enterprise size, vertical, and region. In terms of components, the EDM market can be divided into software and services. The software market is segmented into other segments, including data integration, data migration, data warehousing, data governance, master data management and data quality, and data security. The service market includes consulting services, training and support services, operation and maintenance services. The EDM market is divided into on-premises and cloud based on deployment models. In terms of enterprise size, the EDM market can be divided into SMEs and large enterprises. By industry, markets are divided into government, banking, financial services and insurance (BFSI), retail, healthcare, IT and telecommunications, manufacturing, energy and utilities, transportation and logistics. Regional market segments are North America, Asia Pacific, Europe, Middle East and Africa (MEA), and South America.
Using SWOT analysis to gather and study all the information, you can see the competitive environment vividly in Enterprise Data Management market. Openings for future market developments were revealed and likewise had a competitive advantage. Taking into account the drift and propensity of this market, it shows that the strategic direction is good. Understand your market base and understand your market data using standards, methodologies, and other driving market trends determined for reference.
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