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Master Data Management, 2019 - Worldwide Market Analysis & Outlook by Component, Data Type, Deployment Type, Organization Size, Vertical and Region to 2023 - ResearchAndMarkets.com

February 15, 2019

DUBLIN--(BUSINESS WIRE)--Feb 15, 2019--The “Master Data Management Market by Component, Data Type, Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The master data management market is projected to grow from 9.5 billion in 2018 to USD 22 billion by 2023, at a CAGR of 18.3% from 2018 to 2023.

The market growth is driven by various factors, such as the increasing use of data quality tools for data management and the rising need for compliance. However, data security concerns can hinder the growth of the market.

By component, the solutions segment is estimated to hold a larger market size than the services segment in 2018

Increased demand for data integration & migration and data governance solutions from enterprises is driving the solutions segment. Master data management solutions are increasingly adopted by organizations to effectively and efficiently manage the growing volume of data to enhance productivity and maintain business continuity.

The proliferation of data forced IT companies, such as IBM, SAP, Oracle, and Informatica, to develop and design master data management solutions as well as help the IT team simplify and manage master data. Vendors in the market are offering master data management solutions, thereby facilitating automated management of master data without human intervention.

By deployment type, the cloud segment is expected to register a higher growth rate than the on-premises segment during the forecast period

Cloud-based software offers a centralized way to secure sensitive data across organizations. Moreover, cloud-deployed software reduces the cost associated with upgrading and updating software, in comparison to the costs associated with on-premises deployed software, as the extra cost is incurred by the service providers in the cloud-deployed format. This is also one of the factors fueling the growth of the cloud segment.

The Asia Pacific market is expected to register the highest growth rate during the forecast period

The Asia Pacific is estimated to be the fastest-growing market for master data management. This growth is attributed to the presence of rapidly growing economies, such as China, Japan, Australia, and India.

There has been a significant increase in the adoption of master data management solutions in these countries to cater to the needs of data quality and governance in large enterprises and SMEs of the region. Rapid economic development, globalization, and the increased adoption of data regulatory practices are expected to drive the growth of the master data management market in the Asia Pacific region.

Market Dynamics

Drivers

Increase in the Use of Data Quality Tools for Data Management Rising Need for Compliance

Restraints

Data Security Concerns

Opportunities

Incorporation of New Technologies with Master Data Management Trend Towards Multi-Domain Master Data Management

Challenges

Diversified Data Regulations & Legislation Across Different Verticals & Regions

Topics Covered

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.4 Years Considered for the Study

1.5 Currency

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Data Triangulation

2.3 Market Size Estimation

2.4 Market Forecast

2.5 Research Assumptions

2.6 Limitations

3 Executive Summary

4 Premium Insights

4.1 Attractive Market Opportunities in the Master Data Management Market

4.2 Market Size By Component, 2018

4.3 Market Size By Organization Size, 2018-2023

4.4 Market Size By Vertical, 2018-2023

4.5 Market Investment Scenario

5 Market Overview and Industry Trends

5.1 Market Dynamics

5.2 Industry Trends

6 Master Data Management Market, By Component

6.1 Introduction

6.2 Solutions

6.3 Services

7 Master Data Management Market, By Data Type

7.1 Introduction

7.2 Customer Data

7.3 Product Data

7.4 Supplier Data

7.5 Location Data

7.6 Asset Data

8 Master Data Management Market, By Deployment Type

8.1 Introduction

8.2 Cloud

8.3 On-Premises

9 Master Data Management Market, By Organization Size

9.1 Introduction

9.2 SMEs

9.3 Large Enterprises

10 Master Data Management Market, By Vertical

10.1 Introduction

10.2 BFSI

10.3 Government

10.4 Retail

10.5 IT and Telecom

10.6 Manufacturing

10.7 Energy and Utilities

10.8 Healthcare

10.9 Others

11 Master Data Management Market Analysis: By Region

11.1 Introduction

11.2 North America

11.3 Europe

11.4 Asia Pacific

11.5 Middle East & Africa (MEA)

11.6 Latin America

12 Competitive Landscape

12.1 Microquadrant Overview

12.2 Market Ranking for the Master Data Management Market, 2018

12.3 Competitive Benchmarking

13 Company Profiles

13.1 IBM

13.2 SAP

13.3 Oracle

13.4 SAS Institute

13.5 Teradata

13.6 Informatica

13.7 Talend

13.8 Tibco Software

13.9 Riversand

13.10 Syncforce

13.11 Profisee Group

13.12 Reltio

13.13 Semarchy

13.14 Stibo Systems

13.15 Enterworks

For more information about this report visit https://www.researchandmarkets.com/research/58x65q/master_data?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190215005150/en/

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Related Topics:Data Storage and Management

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/15/2019 05:00 AM/DISC: 02/15/2019 05:01 AM

http://www.businesswire.com/news/home/20190215005150/en