PUBLISHER: Polaris Market Research | PRODUCT CODE: 1150001
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1150001
The global master data management market size is expected to reach USD 54.05 billion by 2030, according to a new study by Polaris Market Research. The report "Master Data Management Market Share, Size, Trends, Industry Analysis Report, By Component (Software, Services); By Deployment Type; By Organization Size; By End-Use; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Master data management operates with various datasets; thus, regulations associated with gathering IP data and data packets are to adhere to stringently. The demand for the industry is increasing continuously; however, the lack of a skilled workforce is hampering the growth of the industry. In addition, Big Data analytics is witnessing a dearth of skilled professionals owing to a lack of knowledge regarding advanced technologies.
The growth of the global industry is primarily driven due to the increase in the adoption of cloud-based management software as it offers numerous advantages in caparison with on-premises management. Cloud master management offers inexpensive license costs and doesn't require a complex IT setup; therefore, companies are adopting such platforms to reduce operational costs and streamline processes.
Oracle Product Hub Cloud has become popular in recent years, as it provides enhanced features that allow for cost reduction. Moreover, several factors, such as the increased adoption of cloud master management among SMEs and high growth of cloud management in the e-commerce sector encourage industry players to introduce technologically advanced solutions in the industry.
Master Data Management Market Report Highlights
Services segment is expected to be lucrative during the forecast period. This is due to rising use of data management tools
Cloud is expected to be the fastest growing during the forecast period. The companies are adopting cloud solutions as the deployment is easier in comparison with on premises software and tools
By organization size, the market is categorized into small & medium enterprises, large enterprises. The large enterprises is expected to account for the largest share during the forecast period
BFSI end-use industry accounted for the largest market share. This is due to rapid digitization and improving the customer service and managing business risk
North America is expected to maintain its dominance during the forecast period due to increase in technological developments in this region
The global market is highly competitive owing to the existence of large market players with global presence including Hewlett Packard Enterprise Company, IBM Corporation, Informatica, Micro Focus, Mindtree Limited
Polaris Market Research has segmented the master data management market report based on component, deployment type, organization size, end-use, and region:
Master Data Management, Component Outlook (Revenue - USD Billion, 2018 - 2030)
Software
Services
Master Data Management, Deployment Type Outlook (Revenue - USD Billion, 2018 - 2030)
On-premises
Cloud
Master Data Management, Organization Size Outlook (Revenue - USD Billion, 2018 - 2030)
Small and Medium Enterprises
Large Enterprises
Master Data Management, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
BFSI
IT & Telecom
Healthcare
Retail
Manufacturing
Others
Master Data Management, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Figure 1. Global Master Data Management Market, 2018 - 2030 (USD Billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up End-Use
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Component
Figure 7. Global Master Data Management Market, by Component, 2021 & 2030 (USD Billion)
Figure 8. Market by End-Use
Figure 9. Global Master Data Management Market, by End-Use, 2021 & 2030 (USD Billion)
Figure 10. Market by Organization Size
Figure 11. Global Master Data Management Market, by Organization Size, 2021 & 2030 (USD Billion)
Figure 12. Market by Deployment Type
Figure 13. Global Master Data Management Market, by Deployment Type, 2021 & 2030 (USD Billion)
Figure 14. Master Data Management Market Assessment, By Geography, 2018 - 2030 (USD Billion)
Figure 15. Strategic Analysis - Master Data Management Market