Increased adoption of parallel processing architecture is helping the market grow
The global enterprise data management market size is likely to attain over USD 102 billion by the year 2028. Besides, it is likely to project a CAGR of nearly 10% during the forecast years 2021-2028. Enterprise Data Management (EDM) is the ability of an organization to precisely define, easily integrate and effectively retrieve data for both internal applications and external communication. EDM focuses on the creation of accurate, consistent, and transparent content. EDM emphasizes data precision, granularity, and meaning and is concerned with how the content is integrated into business applications as well as how it is passed along from one business process to another.
Enterprise data management system consists of computing and network set-ups, software applications, business logic and strategies for managing the flow of an organization’s data. For efficient data management, an organization has to implement an enterprise data management system through a variety of processes and has to collaborate through different sectors like finance, IT, HR, and other operations.
The present and future higher rducation market progress is summarized to conclude the attractiveness of the entire market. Also, prime factors that influence the enterprise data management market opportunities during the forecast years. Factors such as the increasing need for on-time information has helped helped the industry grow. Increasing adoption of parallel processing architecture is also helping the market growth.
The report also emphasizes several distinctiveness of the global enterprise data management industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the enterprise data management industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The enterprise data management market has tough competition among the new emerging and pre-established market vendors. Besides, the enterprise data management industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
In terms of the type, the market is categorized into software, 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.
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 importance of enterprise data management in the regions with countries like India, Japan, and China. However, 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 market maturity, large number of businesses, along with growing spending on IT by enterprises in the region.
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.
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