Global Data Governance Market: Overview
Various organizations are churning up the data which goes on multiplying; the ones that are savvy are investing in the data governance market. A component of data management is data governance and it consists of data quality management, data architecture management, reference and master data management, and others. To be precise what data governance does is the overall management of the usability, integrity, availability, and security of the data employed in an organization. Ideal data governance entails a set of procedures, governing body or council, and a plan to accomplish those procedures.
Global Data Governance Market: Segmentation
The global data governance market is globally segmented into component, application, deployment model, and vertical. On the basis of the component, the global market is segregated into services and solutions. Based on the application, the market is categorized into risk management, product and process management, incident adjustment management, sales and marketing optimization, and network management. Depending on the deployment model the market is divided into hosted/on cloud and on-premises. Depending on the industry vertical, the global market is bifurcated into telecommunications and it, healthcare and life sciences, government and defense, construction and engineering, research, travel & hospitality, banking, financial services, and insurance (BFSI), retail and e-commerce, manufacturing, energy and utilities, education, and BPO.
Global Data Governance Market: Growth Factors
The increasing need to capture and analyze the data with a speed that is fast due to the rise in the digital technologies such as cloud computing, Internet of Things (IoT), and big data analytics has developed the need for the data governance market. To manage data means to keep up the deadlines and the regulations and sustain the strategic risk management. The increasing nature of the operations that are data driven in the organizations and the high allocation of the overall IT around the globe will trigger the growth of the market in the future. The factors that are restraining the growth of the market are the inconsistent business semantics and complexity in the classification of unstructured data.
Global Data Governance Market: Regional Analysis
Geographically, the data governance market is diversified into Asia Pacific, North America, Europe, and Rest of the World. The foremost position in the data governance market is held by the North American region. The factors that contribute to this growth are the huge amount of investments that are made in the big data and machine learning and presence of the several vendors in the region. The region that follows the North American region is Europe. The Asia Pacific region is still in a growing phase which will improve in the coming years due to the increasing demand from the SMEs for data governance solutions that are cost effective.
Global Data Governance Market: Competitive Players
The major market players in the data governance market include IBM Corporation, Oracle Corporation, SAP SE, Talend, Inc., Informatica Corporation, SAS Institute Inc., Collibra, Inc., TIBCO Software Inc.
Global Data Governance Market: Regional Segment Analysis
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