Global Enterprise Data Management Market size was valued US$ XX Bn. in 2019 and the total revenue is expected to grow at 11.3% through 2020 to 2027, reaching nearly US$ XX Bn.
Global Enterprise Data Management Market
The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Enterprise data management (EDM) is the ability of the businesses to develop, integrate, identify, and manage the data of the entire enterprise workflow, applications, and entities which need precise and accurate data delivery. Also, enterprise data management helps to integrate the data to allow master data management (MDM).
Enterprise data management solutions have gained highest significance thanks to the surging need to manage huge data that organizations generate on a day-to-day basis. The need to frame an effective data strategy for strategic benefit boosts the growth of the enterprise data management market globally. The voluminous amount of data produced and the need to handle it in such a way that it proves to be useful to the organization has placed data management at the top of their agendas, prominent to rapid business growth across the IT sector globally. The MMR report covers all the trends and technologies playing a major role in the growth of the EDM market over the forecast period.
EDM is being increasingly used by many companies as it provides a competitive advantage to them, resulting in the emergence of lucrative opportunities for the EDM market growth. Likewise, the growing proliferation of Big Data technology can also stimulate the growth of the EDM market in future.
The report will provide an accurate prediction of the contribution of the various segments to the growth of the enterprise data management market size. By industry, the Banking, Financial Services and Insurance (BFSI) segment was valued at US$ XX.32 Mn. in 2019 and is expected to reach US$ XX.18 Mn. The BFSI has been the primary market for master data management, as this sector generates a massive amount of financial data during transactions. It comprises sensitive financial and transactional data and detailed information of consumers.
North America EDM market was valued at US$ XX.11 million in 2019 and is expected to reach a value of US$ XX.24 million by 2027, with a CAGR of XX% during the forecast period. The United States and Canada are leading the markets of the region. The growth is because of high-level expertise in the cloud deployment of enterprise data management. The APAC is also anticipated to be the fastest-growing region in the EDM market during the forecast period. China, India Japan, South Korea, and Japan are the leading economies in the region. This is attributed to increased investment to increase the IT sector. Also, Europe is expected to have a substantial growth in the market thanks to robust technological infrastructure.
Mergers & Acquisition:
In recent years, major players in the enterprise data management market have taken several strategic measures, like facility expansions and partnerships. In Feb 2019, Micro Focus Company acquired Interset, a leader in security analytics software. The acquisition extended Micro Focus’ Security, Risk & Governance portfolio, and enabled the company to help clients quickly and exactly validate and assess risk as they digitally transform their businesses.
The reports cover key developments in the global enterprise data management market as organic and inorganic growth strategies. Various key players are focusing on organic growth strategies such as product launches, product approvals and others like patents and events. In Oct 2019, SAS Institute made up-gradation to its easy-to-use AI solutions. SAS announced the launch of the updated SAS Platform. The platform offers new functionality with automated data management, automated ML, and cutting-edge interpretability features.
The objective of the report is to present a comprehensive analysis of the Global Enterprise Data Management Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Enterprise Data Management Market dynamics, structure by analyzing the market segments and projects the Global Enterprise Data Management Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Enterprise Data Management Market make the report investor’s guide.
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Scope of the Global Enterprise Data Management Market
Global Enterprise Data Management Market, By Components
o Data Security
o Master Data Management
o Data Integration
o Data Migration
o Data Warehousing
o Data Governance
o Data Quality
o Managed Services
o Professional Services
• Professional Services
• Deployment and Integration
• Support and Maintenance
Global Enterprise Data Management Market, By Industry
• Healthcare and Life science
• Banking, Financial Services and Insurance (BFSI)
• Telecom and Information Technology (IT)
• Retail and Consumer goods
• Media and Entertainment
• Energy and Utilities
• Transportation and Logistics
• Government and Defense
Global Enterprise Data Management Market, By Deployment Mode
Global Enterprise Data Management Market, By Organization Size
• Large enterprises
• Small and Medium-sized Enterprises
Global Enterprise Data Management Market, By Region
• Asia Pacific
• North America
• Latin America
• Middle East Africa
Key players operating in Global Enterprise Data Management Market
• SAS Institute
• SAP SE
• Micro Focus
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