Global Enterprise Data Management Market is Likely to Grow at a CAGR Value of 9.10% By 2028

08-Aug-2022 | Facts and Factors

According to Facts and Factors, the global enterprise data management market size was worth USD 77.5 billion in 2021 and is estimated to grow to USD 130.6 billion by 2028, with a compound annual growth rate (CAGR) of roughly 9.10% over the forecast period. The report analyzes the enterprise data management market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the enterprise data management market.

The ability of a company to successfully store, incorporate, disseminate, and generate data for organizational processes, organizations, and applications that demand accurate and timely data delivery is known as enterprise data management (EDM). When it comes to applications and processes that rely on the consumption of data sets to finish business transactions or other operations, EDM frequently addresses the issue of sending various datasets. EDM covers circumstances where people inside an enterprise model handle, store, and source data independently.

Browse the full “Enterprise Data Management Market Size, Share, Growth Analysis Report By Components (Software, Services, Professional Services, Consulting, Deployment and Integration, and Support and Maintenance), By Industry Vertical (Healthcare and Life science, Banking, Financial Services, and Insurance (BFSI), Telecom and Information Technology (I.T.), Retail and Consumer goods, Media and Entertainment, Manufacturing, Energy and Utilities, Transportation and Logistics, Government and Defense, and Others (education, travel, real estate, hospitality, and research), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/enterprise-data-management-market

Uncoordinated approaches may result in data conflicts and differences in quality that reduce the reliability of the data utilized for reporting and other operations. Data is automatically gathered by enterprise data management from enterprise systems, applications, and third-party cloud providers. To offer end users high-quality information or to increase data quality, the data is examined for consistency and integrity after being received. Enterprise data management is the process of removing context from massive amounts of data so that it may be linked and interpreted strategically. Either organizing or destroying the data is an option.

The main development drivers of the enterprise data management market are the desire to reduce the total cost of data ownership and the expanding need for data management in businesses as a crucial requirement for business continuity. Enterprise data management solutions are being implemented more successfully due to the active development of data management strategies across numerous industries and initiatives to maintain data security. As this approach contributes to developing a procedure for extracting pertinent insights from unstructured or redundant data, the need for consumer enterprise data management is anticipated to expand. It aids in the coordination of data management among organizational departments. Businesses are expected to place a higher emphasis on securing timely and accurate information, increasing demand for EDM solutions. Growing worries regarding data security will probably put a cap on market expansion during the projection period.

Segmental Overview

The global enterprise data management market is segregated based on components, industry vertical, deployment mode, organization size, and region.

Based on components, the market is divided into software, services, professional services, consulting, deployment and integration, and support and maintenance. In 2021, the software segment's revenue share was above 76.4 percent, which was the highest. Based on industry vertical, the market is divided into healthcare and life science, banking, financial services and insurance (BFSI), government and defense, telecom and information technology (IT), retail and consumer goods, manufacturing, media and entertainment, transportation and logistics, energy and utilities, and others (research, education, travel and hospitality, and real estate). In 2021, the BFSI segment was predicted to grow at a noteworthy rate.

Based on deployment mode, the market is categorized into cloud and on-premises. In 2021, the on-premise market had a revenue share of above 45%. Based on organization size, the market is categorized into small and medium-sized enterprises and large enterprises. The large enterprise sector held the largest market share, 67.3%, in 2021.

Regional Overview

The global enterprise data management market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The North American regional market was first with a 37.2 percent sales share in 2021. The expansion can be ascribed to the need for timely, accurate information and the demand for risk management solutions. Several businesses in the area, including Amazon Web Service, Oracle, and IBM, among others, place a high priority on digital transformation and are frequently regarded as early adopters of cutting-edge technologies like IoT, big data analytics, AI, and machine learning. The region's businesses' ongoing adoption of these cutting-edge technologies augurs well for expanding the local market. With the region's growing industrial verticals and big data use, the Asia Pacific regional market is anticipated to have a robust CAGR of 16.5 percent over the projected year.

Additionally, it is expected that the demand for enterprise data management would increase due to the increased popularity of cloud computing and the subsequent desire to increase operational effectiveness in large businesses and SMEs. Due to the various governments in the area encouraging software companies to produce free and open-source software for managing and remotely accessing a vast number of data, the need for EDM solutions is anticipated to rise during the projected time.

Report Scope

Competitive Landscape

The report contains qualitative and quantitative research on the global enterprise data management market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts.

Key players in the global enterprise data management market include SAS Institute Inc., IBM Corporation, Oracle Corporation, Teradata Corporation, Talend, SAP SE, Symantec, Ataccama, Cloudera, Inc., Informatica, Mindtree Limited, Qlik, EnterWorks, Inc., GoldenSource Corporation, MapR, MuleSoft, LLC., Amazon Web Services, Inc., Zaloni, Inc., Micro Focus International plc, and Actian

Recent Development:

• In December 2021, IQGeo, a provider of geospatial productivity and collaboration software for the utility and telecommunications industries, announced the commercial availability of its new Network Manager Electric and Network Manager Gas software products. These products offer the most flexible and effective planning, design, and workflow solutions in the market since they are fully designed for the requirements of electric and gas network operators.
• In July 2021, Informatica announced the availability of its Intelligence Data Management Cloud (IDMC) on Azure for the Asia Pacific (APAC) region. As part of the company's efforts to double down on cloud business growth in the region, the solution is the first end-to-end AI-powered cloud platform offering accessible on Microsoft Azure Southeast Asia region for APAC customers.

Global Enterprise Data Management Market is segmented as follows:

By Components

• Software
• Services
• Professional Services
• Consulting
• Deployment and Integration
• Support and Maintenance

By Industry Vertical

• Healthcare and Life science
• Banking, Financial Services and Insurance (BFSI)
• Telecom and Information Technology (I.T.)
• Retail and Consumer goods
• Media and Entertainment
• Manufacturing
• Energy and Utilities
• Transportation and Logistics
• Government and Defense
• Others (education, travel, real estate, hospitality, and research)

By Deployment Mode

• Cloud
• On-premises

By Organization Size

• Small and Medium-sized Enterprises
• Large enterprises

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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