Global Master Data Management (MDM) Software Market by Type (Cloud Based, On Premises), By Application (Large Enterprises, SMEs) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global MDM software market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for MDM software from large enterprises and SMEs across different regions. Additionally, the growing trend of cloud-based deployment is also contributing to the growth of this market. On the basis of type, the global MDM software market can be segmented into cloud-based and on-premises deployments. The cloud-based deployment segment is expected to grow at a higher CAGR than on-premises during the forecast period from 2018 to 2030.



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Product Definition:

Master data management (MDM) is a software tool used to manage and govern the master data within an organization. The importance of MDM software lies in its ability to ensure that all instances of master data are accurate, consistent, and up-to-date across the enterprise. This helps reduce errors and improve decision making. MDM software can also help automate processes for managing and propagating changes to master data.

Cloud Based:

Cloud-based software is a type of MDM (Master Data Management) Software that provides solutions to store and manage data for various departments in an organization. It helps in storing master data such as customer information, product catalogs, inventory levels, employee information and other company related statistics on the cloud. The cloud based software uses the internet as a medium to store and access the data thus making it easier for users to search for required information from any remote location.

On Premises:

On Premises (OP) is a term used for data management software installed on the end user's computers. The software is usually pre-loaded with the device and there by eliminating the need to load it onto any other devices. OP can be used in MDM as well as mobile device management, which further includes control over applications, settings, and data usage information of a smartphone or tablet PC.

Application Insights:

The large enterprises segment accounted for the largest market share in 2017. The MDM software solutions are being adopted by large enterprises to manage their data effectively. These solutions offer features such as data classification, version control, and collaboration tools among others which aid in managing information across departments efficiently. Furthermore, these solutions also offer a dashboard view of the entire organization¢â‚¬â„¢s data allowing users to access information from different applications through a unified interface thus aiding in improving productivity.

SMEs are expected to be the fastest-growing segment over the forecast period owing to increasing demand for cloud-based or on premises Master Data Management (MDM) software depending upon their scale of operation and requirement of specific functionalities offered by respective vendors.

Regional Analysis:

The North American regional market dominated the global MDM software industry in 2016 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing investments in cloud computing, high IT infrastructure spending, and growing demand for mobility solutions among enterprises. Moreover, presence of numerous technology providers such as IBM Corporation; Microsoft Corporation; Oracle America Inc.; CA Technologies; Hewlett Packard Enterprise Development LP; and SAP AG will drive the regional market further.

Asia Pacific region is anticipated to witness significant growth over the forecast period owing to increasing government initiatives for improving data security standards across various sectors such as healthcare & life sciences, banking & financial services (BFS), telecoms & media, transportation & logistics (T&L) among others. Furthermore Asia Pacific has been observed making significant investments in developing its information technology sector which includes cloud-based solutions amongst other technologies that are expected to drive this industry in future years’s reports from Gartner Inc.

Growth Factors:

Increasing demand for data-driven decision making: The need for timely and accurate information is driving the demand for MDM software. Organizations are looking to MDM software to help them manage and govern their master data, so they can make better decisions based on reliable data.
Proliferation of big data and IoT: The growth of big data and the Internet of Things (IoT) is creating new opportunities for MDM software. With more devices generating more data, organizations need efficient ways to manage all that information. MDM software can help them do just that, by providing a centralized repository for all their master data.
Growing emphasis on compliance: As businesses face ever-increasing compliance requirements, they are turning to MDM software as a way to ensure regulatory compliance across all their systems and datasets. By standardizing their masterdata management processes, organizations can reduce the risk of noncompliance penalties or fines.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Master Data Management (MDM) Software Market Research Report
By Type
Cloud Based, On Premises
By Application
Large Enterprises, SMEs
By Companies
Winshuttle, SAP, IBM, Informatica, TIBCO, SAS, Terarada, Ataccama, Stibo Systems, Magnitude Software, Reltio, Riversand, Software AG, Civica, Prospecta Software, Clear Analytics, Microsoft, Starcom, Veeva Systems
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
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.

Global Master Data Management (MDM) Software Market Report Segments:
The global Master Data Management (MDM) Software 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
Large Enterprises, SMEs
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:
Winshuttle
SAP
IBM
Informatica
TIBCO
SAS
Terarada
Ataccama
Stibo Systems
Magnitude Software
Reltio
Riversand
Software AG
Civica
Prospecta Software
Clear Analytics
Microsoft
Starcom
Veeva Systems



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Highlights of The Master Data Management (MDM) Software 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:
Large Enterprises
SMEs
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 (MDM) Software 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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Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
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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

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