Market Overview:
The global master data management market is expected to grow from USD 2.02 billion in 2018 to USD 5.06 billion by 2030, at a CAGR of 13.8% during the forecast period. The growth of this market can be attributed to the increasing demand for big data and analytics, rising need for efficient and effective data management solutions, and growing trend of digital transformation across organizations. However, lack of awareness about the benefits of master data management solutions is restraining the growth of this market to some extent. Based on type, the global master data management market is segmented into cloud-based and on-premises segments. The cloud-based segment is projected to grow at a higher CAGR than the on-premises segment during the forecast period. This growth can be attributed to factors such as lower costs associated with deployment and operation of cloud-based solutions as compared with on-premises solutions, easy scalability, and faster deployment timeframes.
Product Definition:
Master data management (MDM) is a process and technology used to manage the governance, quality, and consistency of an organization's master data. Master data are critical to an organization because they provide the foundation for all other operational data. MDM systems provide a centralized view of master data across the enterprise, which helps ensure that all business users have access to accurate information. MDM also helps enforce consistency and controls over how master data are used throughout the organization.
Cloud-based:
Cloud-based is a term used to define software systems whose functionality is based on internet connectivity. It provides services such as data backup and recovery, storage capacity increase, data security & privacy protection and online information sharing. The primary factor driving the growth of cloud-based market includes growing demand for big data analytics in various sectors including healthcare, BFSI (Banking Financial Services and Insurance), retail & ecommerce among others.
On-premises:
On-premises is a term used for computer software and hardware installed at the customer's site. It may be used synonymously with the term “Cloud” but it has different characteristics from Cloud solutions as on-premises software and services are hosted on the end user’s device (PC, server, laptop) rather than being stored remotely by a provider. On-premise solutions offer greater control over data as they are installed and operated locally.
Application Insights:
The global market is segmented by application into government, retail, IT, manufacturing, energy, medical and traffic management. The government segment dominated the market in 2017 owing to the increasing need for managing data across various departments. The growth of this sector can be attributed to the growing demand for solutions that help governments manage their data more efficiently and effectively.
The healthcare industry has also been witnessing significant growth over recent years on account of a rise in demand for patient information as well as advanced medical records. This has led to an increased focus on ensuring proper record keeping which is expected to drive the use of master data management solutions over the forecast period.
Retailers are increasingly realising that they cannot rely on traditional methods such as paper-based systems or spreadsheets when it comes to handling customer information or transaction details anymore due to security concerns among customers.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to the increasing adoption of advanced technologies across various industries, such as manufacturing, IT and telecom, media and entertainment. Furthermore, rising demand for cloud-based solutions among enterprises is also anticipated to drive regional market growth over the forecast period.
Asia Pacific is estimated to be one of the fastest-growing regions during the forecast years owing to factors such as growing population and rapid technological advancements in emerging economies like India and China.
Growth Factors:
- Increasing demand for data-driven decision making: The need for timely and accurate information is driving the demand for MDM solutions. Organizations are looking to improve their understanding of customer behavior, optimize operations, and create new opportunities through data-driven decision making.
- Proliferation of big data and IoT: The growth of big data and the Internet of Things (IoT) is creating new opportunities for MDM solutions. With more devices generating data, organizations need to manage ever-growing volumes of information in a more efficient way. MDM can help organizations make sense of all this disparate data and turn it into actionable insights.
- Regulatory compliance requirements: As businesses become increasingly globalized, they are facing an increasing number regulatory compliance requirements related to the capture, management, and sharing of personal information (PII). MDM can help organizations meet these regulations while protecting sensitive customer information.
Scope Of The Report
Report Attributes
Report Details
Report Title
Master Data Management Market Research Report
By Type
Cloud-based, On-premises
By Application
Government, Retail, IT, Manufacturing, Energy, Medical, Traffic, Media, Other
By Companies
SAP, SAS Institute, IBM, Oracle, Tibco Software, Informatica, Teradata, Orchestra Networks, Riversand Technologies, Talend
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Master Data Management Market Report Segments:
The global Master Data Management market is segmented on the basis of:
Types
Cloud-based, On-premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Government, Retail, IT, Manufacturing, Energy, Medical, Traffic, Media, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SAP
- SAS Institute
- IBM
- Oracle
- Tibco Software
- Informatica
- Teradata
- Orchestra Networks
- Riversand Technologies
- Talend
Highlights of The Master Data Management Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-based
- On-premises
- By Application:
- Government
- Retail
- IT
- Manufacturing
- Energy
- Medical
- Traffic
- Media
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Master Data Management Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Master data management (MDM) is a process that helps organizations manage and control the data they need to operate effectively. MDM includes creating, managing, and using definitions of key business concepts such as customers, products, orders, shipments, and employees; capturing changes to this data over time; tracking dependencies between these entities; and ensuring that all changes are reflected in relevant systems.
Some of the major companies in the master data management market are SAP, SAS Institute, IBM, Oracle, Tibco Software, Informatica, Teradata, Orchestra Networks, Riversand Technologies, Talend.
The master data management market is expected to register a CAGR of 13.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Master Data Management Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Master Data Management Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Master Data Management Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Master Data Management Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Master Data Management Market Size & Forecast, 2020-2028
4.5.1 Master Data Management Market Size and Y-o-Y Growth
4.5.2 Master Data Management Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Government
6.2.2 Retail
6.2.3 IT
6.2.4 Manufacturing
6.2.5 Energy
6.2.6 Medical
6.2.7 Traffic
6.2.8 Media
6.2.9 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Master Data Management Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Master Data Management Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Government
9.10.2 Retail
9.10.3 IT
9.10.4 Manufacturing
9.10.5 Energy
9.10.6 Medical
9.10.7 Traffic
9.10.8 Media
9.10.9 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Government
10.10.2 Retail
10.10.3 IT
10.10.4 Manufacturing
10.10.5 Energy
10.10.6 Medical
10.10.7 Traffic
10.10.8 Media
10.10.9 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Government
11.10.2 Retail
11.10.3 IT
11.10.4 Manufacturing
11.10.5 Energy
11.10.6 Medical
11.10.7 Traffic
11.10.8 Media
11.10.9 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Government
12.10.2 Retail
12.10.3 IT
12.10.4 Manufacturing
12.10.5 Energy
12.10.6 Medical
12.10.7 Traffic
12.10.8 Media
12.10.9 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Government
13.10.2 Retail
13.10.3 IT
13.10.4 Manufacturing
13.10.5 Energy
13.10.6 Medical
13.10.7 Traffic
13.10.8 Media
13.10.9 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Master Data Management Market: Competitive Dashboard
14.2 Global Master Data Management Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SAP
14.3.2 SAS Institute
14.3.3 IBM
14.3.4 Oracle
14.3.5 Tibco Software
14.3.6 Informatica
14.3.7 Teradata
14.3.8 Orchestra Networks
14.3.9 Riversand Technologies
14.3.10 Talend
