The ‘Global Enterprise Data Management Market Size, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global enterprise data management market, assessing the market on the basis of its segments like component, deployment mode, organisation size, industry, and major regions.
Enterprise Data Management Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2021): USD 73.1 billion
• Forecast CAGR (2023-2028): 12.8%
• Forecast Market Size (2027): USD 150.6 billion
The global enterprise data management market is expected to register growth during the forecast period on account of the surging adoption of Internet of Things (IoT) devices. There is a growing demand for on-time data delivery coupled with an increasing demand for data management in companies as a significant demand for business steadiness. These are some of the key aspects expected to fuel the market growth of enterprise data management.
The surging demand for enterprise data management (EDM) among consumers is likely to enhance as it aids in designing procedures for providing appropriate insights from duplicated or unstructured data. It also supports the organisation of data between departments in a company. The demand for EDM is expected to fuel as companies place a larger importance on ensuring accurate and timely information.
The growing support of several governments across the globe is encouraging several software companies to create, develop, and design free as well as open-source software for managing along with retrieving large volumes of data remotely. This is expected to influence the enterprise data management market demand over the coming years.
Enterprise Data Management Industry Definition and Major Segments
Enterprise data management is a complete set of activities, processes, and practices that are designed to optimise the management of data within an enterprise or organisation. It includes inventory as well as regulation of business data and providing suitable access to required personnel throughout the company. It focuses on accuracy, accessibility, and security of data within an enterprise.
Based on component, the market is segmented into:
• Software
- Services
- Professional Services
- Managed Services
By deployment mode, the market is classified into:
• On-Premise
• Cloud
Based on organisation size, the market is bifurcated into:
• Small and Medium-Sized Enterprises
• Large Enterprises
By industry, the market is classified 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
Based on region, the market is divided into:
• North America
• Latin America
• Asia Pacific
• Europe
• Middle East and Africa
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Enterprise Data Management Market Trends
The rising focus of manufacturers on the digital revolution and adoption of next-generation technologies like AI, IoT, machine learning, and big data analytics is expected to propel the market growth of enterprise data management. The regular adoption of latest technologies by various companies across the globe is projected to aid the market growth of enterprise data management.
Geographically, the Asia Pacific region is anticipated to drive the enterprise data management market growth on account of the rising industry verticals along with the adoption of big data in the region. The increasing popularity of cloud computing and the surging demand to enhance operational efficiencies in SMEs and large enterprises are likely to propel the market demand for enterprise data management.
Meanwhile, the North American region is anticipated to gain momentum over the coming years in the enterprise data management market growth on account of the surging demand for risk management solutions. An upsurge in the demand for on-time authentic information is likely to propel the market growth of enterprise data management in the region. The strong presence of significant market players and manufacturers like Oracle is likely to push forward the market growth of enterprise data management.
Key Market Players
The major players in the global enterprise data management market report are:
- SAP SE
- Oracle Corporation
- Teradata Corporation
- NortonLifeLock Inc.
- Cloudera, Inc.
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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