Master Data Management Market Highlights
Master data management is a set of procedures, policies, and systems that collectively match organizations key elements allowing the entire organization to operate effectively. MDM solution synchronizes master data locked inside the applications across the organization and finds the key data that accurately represents the business entities such as employees, products, facilities, and customers. Mounting demands for operational excellence and data quality and growing requirements for verification and compliance drives the master data management market during the forecast period. Globally, the master data management (MDM) market is expected to grow from USD 4.08 billion in 2017 to USD 12.43 billion by 2023, at a CAGR of 20.4% during the forecast period.
The Report presents an accurate analysis of the estimated master data management market size, share, revenue, and sales distribution networks.
Master Data Management Market Segmentation
The global master data management market is segmented into type, professional service, deployment, industry, and region.
By type, the market is segmented into customer data, supplier data, product data, and others.
By professional service, the market is segmented into implementation & deployment service, maintenance & support service, and consulting service.
By deployment, the market is segmented into on-premise and cloud.
By industry, the market is segmented into BFSI, IT & telecommunication, healthcare, retail, media & entertainment, transportation and logistics, manufacturing and others.
By region, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Key Players:
The prominent players in master data management market are SAP SE (Germany), SAS Institute, Inc. (US), IBM Corporation (US), Oracle Corporation (US), Tibco Software, Inc. (US), Informatica Corporation (US), Teradata Corporation (US), Orchestra Networks (US), Riversand Technologies, Inc (US), Talend (US) among others.
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Regional Analysis
The global market for master data management is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of the master data management market is studied for North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to dominate the master data management market during the forecast period. The presence of big players and early adoption of new technologies such as IoT and artificial intelligence (AI) drives the master data management market in North America. The US, Canada, and Mexico are expected to dominate the global master data management market in North America during the forecast period. Healthcare and manufacturing industry drives the master data management market in the North American region.
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Europe is expected to record stable growth during the forecast period. BFSI and transportation sector are expected to drive the master data management market in Europe during the forecast period. Rules and regulations for transportation and strict norms related to payment security applied to the BFSI sector drive the transportation BFSI market in Europe.
Asia-Pacific is expected grow at a faster rate during the forecast period. IT telecommunication sector drives the master data management market in the Asia-Pacific region. Asia-Pacific is economically and technologically developed region and countries such as China, Japan, and South Korea are expected to dominate the global master data management market in the Asia-Pacific region.
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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.Get more information on "Global Master Data Management Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/master-data-management-market/download-sampleMarket DynamicsThe 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.
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.
Master Data Management Market Highlights Master data management is a set of procedures, policies, and systems that collectively match organizations key elements allowing the entire organization to operate effectively.
MDM solution synchronizes master data locked inside the applications across the organization and finds the key data that accurately represents the business entities such as employees, products, facilities, and customers.
Mounting demands for operational excellence and data quality and growing requirements for verification and compliance drives the master data management market during the forecast period.
Globally, the master data management (MDM) market is expected to grow from USD 4.08 billion in 2017 to USD 12.43 billion by 2023, at a CAGR of 20.4% during the forecast period.Master Data Management Market Key Players:The prominent players in master data management market are SAP SE (Germany), SAS Institute, Inc. (US), IBM Corporation (US), Oracle Corporation (US), Tibco Software, Inc. (US), Informatica Corporation (US), Teradata Corporation (US), Orchestra Networks (US), Riversand Technologies, Inc (US), Talend (US) among others.Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/6723Master Data Management Market Regional AnalysisThe global market for master data management is estimated to grow at a significant rate during the forecast period from 2018 to 2023.
The geographical analysis of the master data management market is studied for North America, Europe, Asia-Pacific, and the rest of the world.North America is expected to dominate the master data management market during the forecast period.
The presence of big players and early adoption of new technologies such as IoT and artificial intelligence (AI) drives the master data management market in North America.
Master Data Management Market report published by Value Market Research is an in-depth analysis of the market covering its size, share, value, growth and current trends for the period of 2019-2026 based on the historical data.
In addition, it also delivers detailed analysis of regional and country market.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.Get more information on "Global Master Data Management Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/master-data-management-market/download-sampleMarket DynamicsThe 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.
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.
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.
