Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 105.31 Billion | USD 247.02 Billion | 8.9% | 2024 |
The global enterprise data management market size was worth around USD 105.31 Billion in 2024 and is predicted to grow to around USD 247.02 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 8.9% between 2025 and 2034. The report analyzes the global enterprise data management market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the enterprise data management industry.
Enterprise data management (EDM) often relates to an organization’s capacity and ability to incorporate, integrate, retrieve, govern and secure data from various data streams for both external and m internal applications and processes. Thus, it is paramount for an organization to make effective use of reliable and accurate data to make progressive decisions and create necessary prospects depending on an analytical perspective for eventually driving the growth of an organization. EDM also favors important compliances and regulations undertaken by the firm to maintain transparency.
Need for risk management and data management solutions to augment the demand for the market
The risk of data in an enterprise is growing at a rapid pace, and hence it is imperative for organizations to make effective use of appropriate risk management tools so as to curb data breaches as improper data management can cause adverse privacy concerns. Besides, the use of enterprise data management (EDM) can appreciably promote and enhance the overall decision-making and productivity of organizations. In addition, a surge in the need for real-time accessible data is gaining immense traction from various industries such as media & entertainment, finance, IT, energy, and others that ultimately impact the growth of the global enterprise data management market.
Decreased knowledge about technology among businesses restricts the growth of the market
There has been a remarkable surge in the number of SMEs (small and medium enterprises) around the globe but a lack of knowledge about technology and poor implementation of enterprise management tools among them restrict the growth of the market. Besides, they lack the necessary resources to make effective use of advanced technologies will hinder market expansion. Apart from that, since SMEs are largely influenced by legacy software and systems, the adoption of contract management technology is considerably reduced, affecting the growth of the market.
Amalgamation of cloud with data integration along with growth of AI and visual analytics offer remunerative market growth opportunities
There has been exponential growth in the demand for data integration along with the incorporation of cloud and visual analytics. Besides, artificial intelligence has significantly favored real-time data to be synthesized for problem-solving and decision-making by expediting real-time analysis. In addition, the introduction of AI-powered products further improved the AI capabilities of analytics. Furthermore, data regulation can efficiently be detected by cloud technology at a much lower cost. These factors create lucrative opportunities for the growth of the global enterprise data management market.
Rising concerns about data security act as a major challenge for the market growth
The increase in digitization across the globe has given rise to cyber-crimes across the globe, and hence if the platform is weakly encrypted or vulnerable, the chances of it being encroached on by hackers increase. These cases are becoming more and more common making data integration in the healthcare sector difficult. In addition, the presence of open-source solutions and ease of accessibility is likely to act as a crucial challenge for the growth of the market.
The global enterprise data management market is segmented based on Component, Deployment Mode, Function, Industry Vertical, Organization Size, and region.
Based on Component, the global enterprise data management market is divided into Software, Services.
On the basis of Deployment Mode, the global enterprise data management market is bifurcated into On-premise, Cloud.
By Function, the global enterprise data management market is split into Data Governance, Data Quality, Data Integration, Master Data Management, Metadata Management.
In terms of Industry Vertical, the global enterprise data management market is categorized into BFSI, Healthcare, IT & Telecom, Manufacturing, Retail, Government, Others.
By Organization Size, the global Enterprise Data Management market is divided into Large Enterprises, SMEs.
Report Attributes | Report Details |
---|---|
Report Name | Enterprise Data Management Market |
Market Size in 2024 | USD 105.31 Billion |
Market Forecast in 2034 | USD 247.02 Billion |
Growth Rate | CAGR of 8.9% |
Number of Pages | PagesNO |
Key Companies Covered | Oracle Corporation, Mindtree Ltd., Talend, Amazon Web Services (AWS), Commvault, Broadcom (Symantec), Cloudera Inc., SAP SE., Informatica Inc., IBM Corporation, Teradata Corporation, EnterWorks Inc., GoldenSource Corporation, Ataccama, MapR, MuleSoft, LLC, Actian, SAS Institute Inc., Zaloni Inc., among others., and others. |
Segments Covered | By Component, By Deployment Mode, By Function, By Industry Vertical, By Organization Size, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2024 |
Forecast Year | 2025 to 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Enterprise Data Management Market: Regional Analysis
North American region is expected to dominate the market during the forecast period
The North America region accounted for the highest global enterprise data management market share of over 35.5% in 2021 and is expected to continue this pattern during the forecast period. The exponential rise in demand for enterprise data management in this region is mainly attributed due to the increased adoption of innovative technologies such as cloud, big data analytics, machine learning, internet of things (IoT), artificial intelligence (AI), and analytics across business operations in multiple industries in this region. Besides, eminent technology companies such as Oracle Corporation, IBM Corporation, Amazon Web Services, Microsoft Corporation, and others originated in this region giving them a strong foothold in the market. In addition, these companies constantly rely on adopting next-generation technologies and digital transformation which gives them a significant edge over companies in other regions. Countries like US and Canada from this region invest heavily in the latest technologies to keep up with the trend that ultimately ameliorates their operational efficiency in the business.
The Asia-Pacific enterprise data management industry is also expected to grow quickly at a promising growth rate and also in terms of revenue during the forecast period. There has been an increase in the number of companies both small & medium enterprises and large enterprises in this region that remarkably contribute to the growth in demand for enterprise data management solutions in this region. In addition, the rapid adoption of innovative technologies such as big data analytics and increased funding from the government for start-ups in this region is likely to drive the growth of the market in this region. In fact, various governments in this region are also invigorating technology and software companies to design and create free and open-source software so as to efficiently manage and access large amounts of data remotely further increasing the demand for enterprise data management (EDM) solutions in this region.
Recent Developments:
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the enterprise data management market on a global and regional basis.
The global enterprise data management market is dominated by players like:
The global enterprise data management market is segmented as follows;
By Component
By Deployment Mode
By Function
By Industry Vertical
By Organization Size
By Region
FrequentlyAsked Questions
Enterprise data management (EDM) often relates to an organization’s capacity and ability to incorporate, integrate, retrieve, govern and secure data from various data streams for both external and m internal applications and processes.
The global enterprise data management market is expected to grow due to growing volumes of unstructured data, regulatory compliance needs, and increasing focus on data governance, security, and analytics.
According to a study, the global enterprise data management market size was worth around USD 105.31 Billion in 2024 and is expected to reach USD 247.02 Billion by 2034.
The global enterprise data management market is expected to grow at a CAGR of 8.9% during the forecast period.
North America is expected to dominate the enterprise data management market over the forecast period.
Leading players in the global enterprise data management market include Oracle Corporation, Mindtree Ltd., Talend, Amazon Web Services (AWS), Commvault, Broadcom (Symantec), Cloudera Inc., SAP SE., Informatica Inc., IBM Corporation, Teradata Corporation, EnterWorks Inc., GoldenSource Corporation, Ataccama, MapR, MuleSoft, LLC, Actian, SAS Institute Inc., Zaloni Inc., among others., among others.
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