The new report by Expert Market Research titled, ‘Global Enterprise Data Management Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global enterprise data management market, assessing the market based on its segments like component, deployment mode, organization size, industries, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast Historical Market Size (2021): USD 73.1 billion
- Forecast CAGR (2022-2027): 12.8%
- Forecast Market Size (2027): USD 150.6 billion
The growing application of enterprise data management services in banking, financial services, and insurance is driving the worldwide enterprise data management industry. This industry creates a large amount of data on a regular basis, emphasising the importance of appropriate data analytics. This increases the likelihood of fraud and data mishandling, which may cost a corporation a significant amount of money. As a result, data management services are gaining popularity in this industry. Over the projected period, the market is expected to benefit from increased expenditures to improve existing technology and develop innovative data management solutions. These factors are expected to drive the market for Global Enterprise Data Management Market during the forecast period.
Industry Definition and Major Segments
Enterprise data management is described as a set of procedures, practises, and activities targeted at improving data management in a company or organisation. Data accuracy, quality, security, availability, and effective governance are all priorities in enterprise data management.
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By component, the market is divided into:
- Software
- Services
By deployment mode, the market is divided into:
- On-premise
- Cloud
By organization size, the market is divided into:
- Small and Medium-Sized Enterprises
- Large Enterprises
By industry, the market is divided into:
- Healthcare and Life Sciences
- Banking, Financial Services, and Insurance
- Telecom and Information Technology
- Retail and Consumer Goods
- Media and Entertainment
- Manufacturing
- Energy and Utilities
- Transportation and Logistics
- Government and Defence
- Others
By region, the market is categorized into:
- North America
- Europe
- The Asia Pacific
- Latin America
- The Middle East and Africa
Market Trends
The expanding application of data management software in the transportation and logistics industry is driving the corporate data management market. The industry has been augmented by the increasing usage of cloud-based data management software in transportation and logistics organisations. Data management in transportation and logistics improves performance management, order processing capabilities, visibility, and forecast accuracy. Shipping operations are complicated since large amounts of data are involved. As a result, data management improves accuracy. The increasing adoption of sophisticated data tracking technology, as well as an increase in need for data safety, are projected to fuel market growth further.
North America is predicted to lead the market throughout the forecast period. This is due to technical developments in the region’s small, medium, and large businesses. Rising occurrences of corporate fraud, inconsistency, and data mismanagement have increased various organisations’ reliance on cloud-based data management services. Every day, medium and large-sized businesses in the United States and Canada conduct large-scale transactions. As a result, data management services and software are expected to gain momentum in the area throughout the forecast period. These reasons have aided the growth of the Global Enterprise Data Management Market as a whole.
Key Market Players
The major players in the market are SAP SE, Oracle Corporation, Teradata Corporation, NortonLifeLock Inc., Cloudera, Inc., among Others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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