The Global Enterprise Data Management Market Will Be Driven by Savings Opportunities and Growing Need for Data Maintenance Systems During the Forecast Period 2022-2027

Expert Market Research’s new report titled “Global enterprise data management market Report and Forecast 2022-2027′, gives an in-depth analysis of the global enterprise data management market, assessing the market based on its segments such as component, deployment mode, organization size, industries and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

Market Overview (2017-2027)

  • Historical market size forecast (2021): USD 73.1 billion
  • Forecast CAGR (2022-2027): 12.8%
  • Forecasted market size (2027): 150.6 billion USD

The growing application of enterprise data management services in banking, financial and insurance services is driving the global enterprise data management industry. This industry regularly creates a large amount of data, which highlights the importance of proper data analysis. This increases the likelihood of fraud and mishandling of data, which can cost a business dearly. As a result, data management services are gaining popularity in this industry. During the projected period, the market is expected to benefit from increased spending to improve existing technology and develop innovative data management solutions. These factors are expected to drive the market of the global enterprise data management market during the forecast period.

Industry definition and major segments

Enterprise data management is described as a set of procedures, practices, and activities aimed at improving data management in a business or organization. Data accuracy, quality, security, availability, and effective governance are all priorities in enterprise data management.

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By component, the market is divided into:

By mode of deployment, the market is divided into:

By Organization Size, the market is split into:

  • Small and medium enterprises
  • Large companies

By Industry, the market is split into:

  • Health and life sciences
  • Banking, financial services and insurance
  • Telecom and information technology
  • Retail and consumer goods
  • Media and Entertainment
  • Manufacturing
  • Energy and Utilities
  • Transport and logistics
  • Government and Defense
  • Others

By Region, the market is classified into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Market trends

The growing application of data management software in the transportation and logistics industry is driving the enterprise data management market. The industry has been augmented by the growing use of cloud-based data management software in transportation and logistics organizations. Data management in transportation and logistics improves performance management, order fulfillment capabilities, visibility, and forecast accuracy. Shipping operations are complicated because large amounts of data are involved. As a result, data management improves accuracy. Rising adoption of sophisticated data tracking technology, along with increasing need for data security, is expected to further fuel the growth of the market.

North America is expected to dominate the market throughout the forecast period. This is due to technical developments in small, medium and large enterprises in the region. Rising cases of corporate fraud, inconsistency, and data mismanagement have increased the reliance of various organizations on cloud-based data management services. Every day, medium and large companies in the United States and Canada conduct large-scale transactions. As a result, data management services and software are expected to gain momentum in the region throughout the forecast period. These reasons have contributed to the growth of the global enterprise data management market as a whole.

Main market players

Major market players include SAP SE, Oracle Corporation, Teradata Corporation, NortonLifeLock Inc., Cloudera, Inc., among others. The report covers market shares, capacities, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.

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