Master Data Management Global Market Report 2023

“Master Data Management Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on master data management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for master data management ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The master data management market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Component: Solution; Services

• 2) By Deployment Mode: Cloud; On-premises

• 3) By Organization Size: Small and Medium Enterprises(SMEs); Large Enterprises

• 4) By Application: Supplier Data; Product Data; Customer data; Other Applications

• 5) By Verticals: Banking, Financial Services and Insurance(BFSI); Government; Retail; IT and Telecom; Manufacturing; Energy and Utilities; Healthcare; Other Verticals

• Companies Mentioned: International Business Machines Corporation; Oracle Corporation; SAP SE; SAS Institute Inc; TIBCO Software Inc

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the master data management market are International Business Machines Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., TIBCO Software Inc., Informatica, Talend, Cloudera Inc., Broadcom Inc., SyncForce, Stibo Group, Teradata Corporation, Magnitude Software Inc., Profisee, Reltio Inc., and Magnitude Software Inc.

The global master data management market is expected to grow from $13.01 billion in 2022 to $15.13 billion in 2023 at a compound annual growth rate (CAGR) of 16.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The master data management market is expected to grow to $27.42 billion in 2027 at a CAGR of 16%.

The master data management (MDM) market includes revenues earned by entities by providing data quality management, covering advisory services, operation support, and delivering clear and unified data for enterprises. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

Master data management (MDM) refers to a practice that collects and creates a single record from each person, place, and thing in an organisation from internal and external data sources and apps in order to improve business processes. It is used to improve the consistency and quality of data assets to carry out knowledged business decisions.

North America was the largest region in the master data management (MDM) market in 2022. The regions covered in the master data management (MDM) report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main components of master data management are solutions and services. Services are the non-physical, intangible parts of our economy, as opposed to goods, which we can touch or handle. The deployment modes are cloud and on-premises. The organization sizes are small and medium enterprises(SMEs) and large enterprises. The various applications involved supplier data, product data, customer data, and others, that are used in industry verticals such as Banking, Financial Services and Insurance (BFSI), government, retail, IT and telecom, manufacturing, energy and utilities, healthcare and others.

The increase in the use of data quality tools for data management is expected to propel the growth of the master data management (MDM) market going forward. Data quality tools are the process and technology that are used to identify, understand and analyze data that support decision-making in business processes. Many organizations are already employing data quality technologies in data cleansing to improve decision-making quality and efficiency in corporate operations by delivering improved analytics, real-time data validation, data profiling, and other services. For instance, in April 2021, according to the article published by Trianz, a US-based company operating in master data management (MDM), approximately 40% of businesses are investing in master data management (MDM) to integrate data tools across functional areas in operations to enhance customer experience and better governance in businesses. Therefore, the increase in the use of data quality tools for data management is driving the growth of the master data management (MDM) market.

Advancing technology resulted in more Agile and Cloud-based MDM is a key trend gaining popularity in the master data management (MDM) market. Major companies operating in the master data management market are focused on developing new technological solutions to strengthen their position. For instance, in March 2022, Informatica, a US-based company operating in master data management, introduced its advanced cloud-native intelligent multi-domain master data management (MDM) solution. It aids in enhancing business operations in many sectors by providing analytics and operational procedures throughout the business value chain, from producer to consumer and places. It helps to manage the relationships between multiple domains in business, such as customer, product, supplier, and locations and assets, including IoT devices or sensors for customer service and relevant communications, by accelerating business outcomes while managing various business risks in signal master records.

In May 2021, Syndigo LLC, a US-based company operating in master data management and data science, acquired Riversand for an undisclosed amount. Through this acquisition, Syndigo LLC is expected to strengthen its product portfolio in master data management by offering custom syndication and analytics capabilities for*the seamless transfer of information across the product ecosystem to gain a market advantage in SaaS Master Data Management (MDM) and Product Information Management (PIM) solutions. Riversand is a US-based company operating in master data management.

The countries covered in the master data management (MDM) market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The master data management market research report is one of a series of new reports from The Business Research Company that provides master data management market statistics, including master data management industry global market size, regional shares, competitors with a master data management market share, detailed master data management market segments, market trends and opportunities, and any further data you may need to thrive in the master data management industry. This master data management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.