The global Master Data Management Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027. Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the master data management market include IBM Corporation, Informatica Corporation, Oracle Corporation, Orchestra Networks, Riversand Technologies, Inc., SAP SE, SAS Institute, Inc., Talend, Teradata Corporation and Tibco Software, Inc. among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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Market Dynamics
The increasing need for compliance & verification across the globe is fueling the market growth. Rising adoption of centrally accumulated data management tools is another factor driving the market growth. Also, growing penetration of Internet along with advent of new IoT technologies are further accelerating the market growth. However, issues regarding data security may hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of master data management.
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Market Segmentation
The broad master data management market has been sub-grouped into professional service, type, deployment and industry. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Professional Service
- Implementation & Deployment Service
- Maintenance & Support Service
- Consulting Service
By Type
- Customer Data
- Supplier Data
- Product Data
- Others
By Deployment
- Cloud
- On-Premise
By Industry
- BFSI
- IT & Telecommunication
- Healthcare
- Retail
- Media & Entertainment
- Transportation & Logistics
- Manufacturing
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for master data management in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
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The ever-increasing volume of data in the past few years has made it very difficult for companies to effectively manage their data.
Master data management has become a very important focus for companies, as they aim to utilize their data optimally.Master data is the most valuable data that a company owns and it is used by all the departments in an organization to get work done.Master data management is a vital part of any organization regardless of its size.
MDM solutions help the departments and employees of any organization navigate through master data.
It helps compile all the data in one place.Here are some benefits of master data management for an organizationBetter data quality: Since MDM solutions streamline all the data, it also eliminates the bad data.
The usability of master data gets reduced if it is stored in different destinations using different formats like spreadsheets, isolated applications.
Processing this data takes a lot of time and money.
