The enterprise data management market is growing with healthy

DUBAI, United Arab Emirates, May 17, 2022 (GLOBE NEWSWIRE) — According to Future Market Insights, the global enterprise data management market is expected to reach a market value of US$208.9 billion while posting a CAGR of 8.4% over the forecast period. The growth of the market can be attributed to the growing demand for managing the huge amount of data generated daily by businesses. Additionally, growing need for on-time delivery and growing demand for data management among organizations is expected to strengthen the market over the forecast period.

Furthermore, the growing inclination of organizations towards data integration is expected to fuel the demand for enterprise data management during the forecast period. Organizations are adopting various data integration tools that would enhance digital transformation. Additionally, the emergence of the Industrial Internet of Things (IIoT) is expected to benefit the industry over the assessment period.

According to Analytics Insight Report 2020, with the growing popularity of IIoT, the demand for data integration has increased significantly. On the contrary, growing concerns over data security are likely to hamper the growth of the market during the forecast period. However, the growing demand for risk management and software among organizations is expected to act as a strong counterweight to the hindering cause and expand the market reach.

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Key insights from market research

The market in the United States is expected to hold a market value of US$72.8 billion by 2032

The industry in the United States will register a CAGR of 8.1% during the forecast period

By type of deployment, the cloud segment will register a CAGR of 7.7% from 2022 to 2032

The Japanese market is expected to bring in $11.8 billion by 2032

The South Korean market is expected to grow at a CAGR of 6% over the assessment period

UK industry is expected to thrive at a growth rate of 7.4% from 2022 to 2032

“The growing popularity of IoT with an increasing need for on-time delivery is expected to benefit the market over the assessment period. Additionally, growing demand for data integration is expected to play a significant role in amplifying the market size in the coming times.

Competitive analysis

Key players in the global enterprise data management market include SAS Institute Inc., IBM Corporation, Oracle Corporation, Teradata Corporation, and SAP SE, among others. Recent developments in the industry are:

· In July 2021, Informatica, a provider of data integrity software solutions, launched Intelligent Data Management Cloud on Azure for APAC. The system is an AI-powered end-to-end cloud platform providing accessibility on Microsoft Azure for APAC and Southeast Asia.

· In December 2021, IQGeo, a renowned developer of geospatial productivity and collaboration software, launched the Network Manager Electric and Network Manager Gas software solutions. The software aims to offer efficient workflow solutions to power and gas network operators.

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Key segments profiled in the Enterprise Data Management industry report

Enterprise Data Management Market by Component:

  • Software
    • Data security
    • Master data management
    • Data integration
    • Data migration
    • Data warehousing
    • Data governance
    • Data quality
    • Others
  • Services
    • Managed Services
    • Professional services

Enterprise Data Management Market by Deployment Mode:

  • Cloud-based enterprise data management
  • On-premises enterprise data management

Enterprise Data Management Market by Organization Size:

  • Enterprise Data Management for Small and Medium Businesses
  • Enterprise Data Management for Large Enterprises

Enterprise Data Management Market by Industry Vertical:

  • Enterprise Data Management for Healthcare and Life Sciences
  • Enterprise Data Management for BFSI
  • Enterprise Data Management for IT
  • Enterprise Data Management for Retail and Consumer Goods
  • Enterprise Data Management for Media and Entertainment
  • Enterprise Data Management for Manufacturing
  • Enterprise Data Management for Energy and Utilities
  • Enterprise data management for transportation and logistics
  • Enterprise Data Management for Government and Defense
  • Enterprise data management for other industry verticals

Enterprise Data Management Market by Region:

  • North America Enterprise Data Management Market
  • European enterprise data management market
  • Asia Pacific Enterprise Data Management Market
  • Middle East & Africa Enterprise Data Management Market
  • Latin America Enterprise Data Management Market

Contents
1. Summary

1.1. Global Market Outlook

1.2. Summary of statistics

1.3. Key Market Features and Attributes

1.4. MFI analysis and recommendations

2. Market Overview

2.1. Market coverage

2.2. Market definition

3. Assessment of risks and market trends

3.1. Risk assessment

3.1.1. COVID-19 crisis and impact on enterprise data management

3.1.2. Comparative analysis of the impact of COVID-19 with the previous crisis

3.1.3. Impact on market value (US$ millions)

3.1.4. Assessment by key countries

3.1.5. Assessment by key market segments

3.1.6. Action points and recommendation for suppliers

3.2. Key trends impacting the market

3.3. Formulation and product development trends

4. Market context

4.1. Enterprise Data Management Market, By Key Countries

4.2. Enterprise Data Management Market Opportunity Assessment (USD Million)

4.2.1. Total market available

4.2.2. Usable addressable market

4.2.3. Usable accessible market

4.3. Market Scenario Forecast

4.3.1. Demand in the optimistic scenario

4.3.2. Demand in Likely Scenario

4.3.3. Demand in the conservative scenario

TOC Continued…

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About Future Market Insights (IMF)

Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments based on source, application, sales channel, and end-use over the next 10 years.

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