Master Data Management Market Forecast & growth Analysis

Market Insights

The master data management market was valued to grow from USD 11.5 billion in 2020 to USD 28.4 billion by 2026 at a CAGR of over 16.5% during the forecast period.

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What is master data management?

Master data management (MDM) is a method which is used by enterprises to link all its critical data to a common point of reference. When properly carried out, MDM enhances data quality while streamlining data sharing across personnel & departments.

It helps a company to facilitate privacy management, improve business process, reduce labor cost, manage threats and risk, and optimize the process.

COVID-19 Impact Analysis

The COVID-19 pandemic has moderately affected the master data management sector. With schools, offices, and manufacturing sites shutting down for an indefinite period; major sports & events being postponed; and work-from-home & social distancing policies in effect, the companies are looking for technologies to enable them operate through these difficult times.

Key Players

The key players operating in the market are-

• IBM Corporation (US)
• Tibco Software Inc (US)
• Oracle Corporation (US)
• Teradata Corporation (US)
• Riversand (US)
• SAS Institute (US)
• Informatica (US)
• Talend (US)
• Stibo System (Denmark)
• SAP (Germany).

Market Dynamics

The master data management market is driven by a host of factors, some of which are noted below:

• The advent of MDM has helped the companies to collate as well as manage master data and use it for data analytics & effective decision making.
• MDM improves operational efficiency of organizations coupled with enhanced decision making capabilities.
• MDM makes it easy to use data for various business operations so as to boost operational and business performance and provide better customer services.

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Segment Analysis

Deployment Trends

The market has been classified into cloud and on-premises. Under these, the cloud segment held a significant market share in 2020 as it helps lower the total cost of ownership as well as increase data storage capabilities for enterprises across the world.

Also, cloud-based deployment has offered businesses to operate without a server infrastructure or office location, thus enabling employees to work remotely, thereby boosts the segment growth in the coming years.

Regional Analysis

The Asia Pacific held a significant market share in 2020 and is projected to grow at a robust CAGR in the coming years. Growing awareness regarding the rise in business productivity, complemented with competently designed MDM solutions provided by vendors in the highly potential regional market.

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Also, extensive facilities for the deployment & management of master data applications at economical costs, which further bolsters the regional market growth during the review period.

Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories.

By Component 

• Solutions

• Services

By Deployment

• Cloud
• On-premises

By End-Use

• Banking
• Financial Services and Insurance (BFSI)
• Government
• Retail
• IT and Telecom
• Manufacturing
• Energy and Utilities
• Healthcare

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia and Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and Rest of Asia-Pacific
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Target Audience

The target audience of the market includes-

• Master Data Management companies
• Master Data Management distributors
• BFSI companies
• Government organizations

Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.