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  • Master Data Management Market Growth Analysis | 2023-2028

    Master Data Management Market Growth Analysis | 2023-2028

    Master Data Management Market Growth Analysis | 2023-2028
    Report code - SR1855 Delivery - 2 Weeks
    Master Data Management Market Size, Share, Trends, Forecast, & Growth Analysis -& See more...

    Market Insights

    The master data management market was estimated at USD 16.5 billion in 2022 and is likely to grow at a CAGR of 15.8% during 2023-2028 to reach USD 39.88 billion in 2028.

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    What is master data management?

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

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

    COVID-19 Impact

    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 and events being postponed; and work-from-home and social distancing policies in effect, the companies are looking for technologies to enable them to operate through these difficult times.

    Master Data Management Market Report Highlights

    Market Size in 2022

    USD 16.5 billion

    Market Size in 2028

    USD 39.88 billion

    Market Growth (2023-2028)

    15.8% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    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 companies to collate as well as manage master data and use it for data analytics and effective decision-making.
    • MDM improves the 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

    By Deployment Type

    The market has been classified into cloud and on-premises. Under these, the cloud segment held a significant market share in 2022 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 boosting the segment growth in the coming years.

    Regional Insights

    The Asia Pacific held a significant market share in 2022 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.

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

    Master-Data-Management-Market-Regional-Insights

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    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 the 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?

    Market 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 master data management market is segmented into the following categories.

    By Component Type

    • Solutions
    • Services

    By Deployment Type

    • Cloud
    • On-premises

    By End-Use Type

    • 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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    Target Audience

    The target audience of the market includes-

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

    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.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Master Data Management Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Research Methodology

    This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, 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 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 to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    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.

    The master data management market is likely to reach USD 39.88 billion in 2028.

    The master data management market was estimated at USD 16.5 billion in 2022.

    The master data management market is likely to grow at a CAGR of 15.8% during 2023-2028.

    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), and SAP (Germany).

    The target audience in the market includes master data management companies, Master Data Management distributors, BFSI companies, and Government organizations.

    Asia Pacific market held a significant market share in 2022 and is projected to grow at a robust CAGR in the coming years.