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[218+ Pages Report] According to a facts and factors market research report, the global metadata management tools market is valued at around USD 5.29 Billion in 2020; and expected to reach around USD 15.03 Billion by the end of 2026, increasing at a CAGR of around 19% from 2021 to 2026.
Metadata is information about other data that is summarised. Metadata adds information to data, making it easier to discover, use, and maintain. Metadata is classified into several types, the most common of which are informative, structural, managerial, and numerical. Metadata management is indeed an inter-organizational agreement about how to define data assets for the purpose of converting data into an organizational resource. Metadata management software keeps track of data during its full lifecycle. Data analysis, data governance, data value, and risk and compliance are the four main areas covered. It could include enterprise metadata management (EMM), which entails the processes, responsibilities, and technologies required especially in the data centers to ensure that metadata contributes value across the organization. Metadata management software usually comes with a variety of tools and functions. Metadata repositories, data lineage and tracking capabilities, a business lexicon, impact analysis features, semantic frameworks, rules administration, and metadata ingestion and translation are some features of these tools.
Organizations that want to take their metadata management system to the next level should carefully evaluate vendors before making a decision. Despite the fact that they all have powerful characteristics, some are better suited to a specific business than others.
As a firm grows and more systems are introduced, it's important to think about how metadata should be managed. Metadata management serves business and technical users, as well as the firm as a whole. The metadata management tools market is growing, since effective metadata management technologies assist enterprises in making efficient and accurate data-driven decisions. This technology can also help businesses avoid losing valuable data and services. Thereby, enterprises are increasingly adopting metadata management tools as advancements in metadata management tools provide clarity and uniformity. The tool's full data governance function also contributes to the market's growth.
The global metadata management tools market has been segmented into type, application, deployment mode, and end-user. The type segment is categorized into technical and business metadata. Data governance, risk and compliance management, incident management, product and process management, and others are categorized into application segments. The market for deployment mode has been classified into on-premise and cloud-based solutions. The end-user segment has been bifurcated into travel and hospitality, retail and e-commerce, government, telecom and IT, energy and utilities, BSFI, and others.
|Market Size in 2020||USD 5.29 Billion|
|Projected Market Size in 2026||USD 15.03 Billion|
|CAGR Growth Rate||19% CAGR|
|Key Market Players||IBM, Microsoft, Oracle, SAP, ASG Technologies, Adaptive, Cambridge Semantics, CentricMinds, Collibra, and Others|
|Key Segments||Type, Application, Deployment Mode, End User, and Region|
|Major Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Purchase Options||Request customized purchase options to meet your research needs. Explore purchase options|
North American countries like the United States and Canada are forerunners in the implementation of modern security technologies. Most vendors and organizations with a substantial operation base and clients are based in North America. With established economies and a history of being early adopters of technology, the region has observed widespread adoption of cloud-based security solutions, particularly among large corporations. In terms of revenue generation, North America is leading the market in recent years.
Some of the key players in the global metadata management tools market are IBM, Microsoft, Oracle, SAP, ASG Technologies, Adaptive, Cambridge Semantics, CentricMinds, Collibra, Data Advantage Group, Informatica, GlobalIDS, TopQuadrant, Atlan, Erwin, Infogix, Syniti, Smartlogic, Solidatus, Alation, Alex Solutions, Magnitude Software, Immuta, Data. World and Zeenea, among others.
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