The size of the global market for Enterprise Data Management is expected to reach US$ 208.9 Billion by 2032, expanding at a compound annual growth rate (CAGR) of 8.4%.
Enterprise data management (EDM) refers to a set of processes, practices, and activities focused on data accuracy, quality, security, availability, and good governance. Enterprise data is the totality of the digital information flowing through an organization. This includes structured data, such as records in spreadsheets and relational databases, and unstructured data, such as images and video content.
Some examples include, Operational data, such as customer orders and transaction records, billing and accounting systems, or internal labor statistics; Network alerts and logs used in managing IT infrastructure, by cybersecurity teams, or by application developers; Strategic data from customer relationship management (CRM) systems, sales reporting, trend and opportunity analyses, or external sources of market data; Application-specific data, including GPS data for logistics or transportation companies, sensor data for IoT businesses, weather data for news organizations, or web content for social media applications.
The global enterprise data management market size is predicted to reach over USD 102 billion by 2028. This can be ascribed to the incrasing need for on-time information. Besides, the increasing adoption of parallel processing architecture is another factor driving the market growth for Enterprise Data Management.
However, the lack of awareness and deployment challenges are some of the factors which are expected to restrain the market growth. The key players in the market are coming up with advanced and new strategic services & solutions to remain competitive in the global market.
Enterprise Data Management Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 102 billion|
|Growth Rate||CAGR of 10% during 2021-2028|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||IBM Corporation, SAS Institute Inc., Teradata Corporation, Oracle Corporation, SAP SE, Talend, Symantec, Cloudera, Inc., Ataccama, Informatica, Mindtree Limited, Qlik, EnterWorks, Inc., MapR, GoldenSource Corporation, Amazon Web Services, Inc., MuleSoft, LLC, Micro Focus International plc, Zaloni, Inc.,|
Key Segments of the Global Enterprise data management Market
Type Overview, 2019-2028 (USD Billion)
Application Overview, 2019-2028 (USD Billion)
Regional Overview, 2019-2028 (USD Billion)
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global Enterprise Data Management market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global Enterprise Data Management market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the Enterprise Data Management industry and their strategic initiatives for product development.
- The study covers a qualitative and quantitative analysis of the market segmented based on type, and application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global Enterprise Data Management market. The report will benefit Every stakeholder involved in the Enterprise Data Management market.
- Managers within the Enterprise Data Management industry looking to publish recent and forecasted statistics about the global Enterprise Data Management market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of the global Enterprise Data Management market.
- Analysts, researchers, educators, strategy managers, and government institutions looking for insights into the market to determine future strategies.
Frequently Asked Questions (FAQ) :
As enterprises face the onslaught of high speed, high volume data, they need to quickly validate and integrate the data for wider organizational consumption. In order to make sense out of this Big Data conundrum, enterprises need to use Data Management solutions and make further processing and utilization simpler, scalable, and less time-consuming. The growth of competition in Enterprise Data Management market around the globe is expected to provide substantial market growth. Moreover, the increasing number of parallel processing and need for real-time data are helping the market’s growth. These factors are helping the market grow. The market is consolidated as several major market players currently hold the major market share. However, the market is expected to become fragmented in the forthcoming years as several new market players are emerging from developing countries such as India, Japan, China, and other countries.
Based on the type segment, the market is classified into , and services. The software segment is predicted to hold the major share of the market while the services segment is expected to witness rapid growth. This is owing to the growing solutions adoption among Small and Medium-sized Enterprises (SMEs). Organizations are increasingly adopting effective enterprise data management solutions to fulfil the regulatory compliance, including data privacy needs and financial reporting.
Based on the application, the market is segmented into cloud-based, and on-premise. In 2020, the on-premise segment captured the major part of the total market. The said segment is likely to remain the largest segment owing numerous organizations shifting from manual systems to automated systems for carrying out a variety of operations. This has triggered the demand for on-premise software. Organizations prefer on-premise deployment due to increased security features. In addition, on-premise enterprise data management solutions do not require an internet connection and can be easily customized to the business requirements.
The North American region is likely to account for the maximum market contribution during the forecast years. The domination of this region is largely ascribed to the early adoption of enterprise data management tools by US enterprises, and market maturity. However, the Asia-Pacific is likely to gather noteworthy growth through the forecast years 2021-2028. The growth of the Enterprise Data Management market in this region is mostly ascribed to the growth in number of enterprises realizing the importance of Enterprise Data Management solutions in countries such as India, Japan, and China. Other reasons for growth include increasing industrialization, increasing awareness about enterprise data management in the region. In the region, various governments are encouraging software companies to design and develop free and open-source software for managing and accessing a huge volume of data remotely, which is likely to promote the demand for enterprise data management.
The major players of the global enterprise data management market are IBM Corporation, SAS Institute Inc., Teradata Corporation, Oracle Corporation, SAP SE, Talend, Symantec, Cloudera, Inc., Ataccama, Informatica, Mindtree Limited, Qlik, EnterWorks, Inc., MapR, GoldenSource Corporation, Amazon Web Services, Inc., MuleSoft, LLC, Micro Focus International plc, Zaloni, Inc., and Actian. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.