The global Master Data Management market accounted for USD 29156.3 Million in 2020 and is expected to reach USD 64435 Million by 2028, growing at a CAGR of around 9.8% between 2021 and 2028.
Market Overview
The global Master Data Management market accounted for USD 29156.3 Million in 2020 and is expected to reach USD 64435 Million by 2028, growing at a CAGR of around 9.8% between 2021 and 2028.
The master data management market has encountered various improvements in the last couple of years. With the beginning of the IoT (Internet of Things), the penetration of information technology all over different sectors has elevated. Various organizations have lifted their investments in IoT tech. The IoT technology provides a broad range of advantages to organizations in the industries of big data analytics, cloud computing, and global networks, thereby powering the master data management market.
COVID-19 Impact Analysis:
The COVID-19 pandemic is impacting businesses across the world. Data management companies try to fight this pandemic by keeping their assets online and ensuring the privacy and security of knowledge across networks. The key professionals, business intelligence professionals, and professionals providing expertise in advanced analytics like AI and ML are involved in their expertise to assist executives to make business decisions on the way to answer the new business challenges caused by the COVID-19 outbreak. Moreover, MDM companies also are facing challenges associated with the info breaches issues. as an example , banking institutes across the world has implemented advanced agile methods to secure their data and ensure accurate data quality.
Growth Factors
The master data management market companies are aiming at innovations in terms of tech improvements and to elevate sturdiness & safety. Mounting requirements for operational excellence and data quality are a number of the drivers that power the event of the master data management market. Current data ownership issues are often among the restrictions of the master data management market. The up-and-coming nations are likely to spice up the lucrative growth opportunities of the worldwide master data management market as compared to the developed nations with improved tech.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Segment Analysis Preview
The global master data management market is divided into applications, types, regions, and industries. The type section in the master data management market comprises consulting implementation, and training & support. In addition to this, based on application the master data management market is divided into customer data, product data, and supplier data.
Government, BFSI, IT & telecom, retail, healthcare, and manufacturing among others are the sectors that are included in the classification of the master data management market. The healthcare vertical to witness the highest growth rate during the forecast period, as the industry is undergoing extensive developments due to advancements in technologies that are enhancing the overall industry. It is a comprehensive sector that has to deal with diverse clinical, administrative, and financial data daily. The industry is highly regulated and needs channelized data insights, improved data quality, and accurate clinical information which is consolidated through the deployment of MDM solutions.
Regional Analysis Preview
Asia Pacific is expected to have highest market growth rate during the forecast period. With the rising awareness about the increase in business productivity, supplemented with competently designed MDM solutions offered by vendors present in this region, is leading to Asia Pacific becoming a highly potential market.
Key Market Players & Competitive Landscape
The major participants in the global master data management market include IBM Corporation, Tibco Software Inc, SAP AG, Oracle Corporation, SAS Institute Inc, Riversand Technologies, Informatica Corporation, SyncForce and, Orchestra Networks among Others.
The global Master Data Management Market is segmented as follows:
By Type
By Application
By Industry
By Region
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By Industry
FIG NO. 3. Market Attractiveness Analysis, By Application
FIG NO. 4. Market Attractiveness Analysis, By Region
FIG NO. 5. Global Master Data Management Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 6. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 7. Market Revenue Share, By Type, 2020 & 2028
FIG NO. 8. Global Master Data Management Market for Implementation, Revenue (USD Billion) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Global Master Data Management Market for Implementation, By Country, 2020 & 2028
FIG NO. 10. Global Master Data Management Market for Consulting, Revenue (USD Billion) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Global Master Data Management Market for Consulting, By Country, 2020 & 2028
FIG NO. 10. Global Master Data Management Market for Training & Support, Revenue (USD Billion) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Global Master Data Management Market for Training & Support, By Country, 2020 & 2028
FIG NO. 12. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 13. Global Master Data Management Market for Product data, Revenue (USD Billion) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Global Master Data Management Market for Product data, By Country, 2020 & 2028
FIG NO. 15. Global Master Data Management Market for Supplier data, Revenue (USD Billion) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of Global Master Data Management Market for Supplier data, By Country, 2020 & 2028
FIG NO. 17. Global Master Data Management Market for Customer data, Revenue (USD Billion) 2016 – 2028
FIG NO. 18. Comparative Revenue Analysis of Global Master Data Management Market for Customer data, By Country, 2020 & 2028
FIG NO. 19. Global Master Data Management Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 20. Comparative Revenue Analysis of Global Master Data Management Market for Others, By Country, 2020 & 2028
FIG NO. 21. Market Revenue Share, By Industry, 2020 & 2028
FIG NO. 22. Global Master Data Management Market for BFSI, Revenue (USD Billion) 2016 – 2028
FIG NO. 23. Comparative Revenue Analysis of Global Master Data Management Market for BFSI, By Country, 2020 & 2028
FIG NO. 24. Global Master Data Management Market for Government, Revenue (USD Billion) 2016 – 2028
FIG NO. 25. Comparative Revenue Analysis of Global Master Data Management Market for Government, By Country, 2020 & 2028
FIG NO. 26. Global Master Data Management Market for IT & Telecom, Revenue (USD Billion) 2016 – 2028
FIG NO. 27. Comparative Revenue Analysis of Global Master Data Management Market for IT & Telecom, By Country, 2020 & 2028
FIG NO. 28. Global Master Data Management Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 29. Comparative Revenue Analysis of Global Master Data Management Market for Others, By Country, 2020 & 2028
FIG NO. 30. Global Master Data Management Market Revenue Share, By Region, 2020 & 2028
FIG NO. 31. North America Global Master Data Management Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 32. Porter’s Five Forces Analysis for Global Master Data Management Market
FIG NO. 33. PEST Analysis for Global Master Data Management Market
FIG NO. 34. Pricing Analysis for Global Master Data Management Market
FIG NO. 35. Value Chain Analysis for Global Master Data Management Market
FIG NO. 36. Company Share Analysis, 2019
FIG NO. 37. Radar Determinant Chart, 2019
FIG NO. 38. Company Strategic Developments – Heat Map Analysis
FIG NO. 39. Business Segment Revenue Share, 2020 (%)
FIG NO. 40. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 41. Market Channels
FIG NO. 42. Marketing Channel Development Trend
FIG NO. 43. Growth in World Gross Product, 2008-2018
FIG NO. 44. Research Methodology – Detailed View
FIG NO. 45. Research Methodology
List of Tables
TABLE NO. 1. Global Master Data Management Market: Snapshot
TABLE NO. 2. Quarterly Global Master Data Management Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Global Master Data Management Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global Master Data Management Market for Implementation, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Master Data Management Market for Consulting, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Master Data Management Market for Tarining & Support, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Master Data Management Market for Product data, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Master Data Management Market for Supplier data, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Master Data Management Market for Customer data, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Master Data Management Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Master Data Management Market for BFSI, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Master Data Management Market for Government, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. Global Master Data Management Market for IT & Telecom, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. Global Master Data Management Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 16. Global Master Data Management Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 17. North America Global Master Data Management Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 18. North America Global Master Data Management Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 19. North America Global Master Data Management Market Revenue, By Industry, 2016 – 2028 (USD Billion)
TABLE NO. 20. North America Global Master Data Management Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 21. U.S. Global Master Data Management Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 22. U.S. Global Master Data Management Market Revenue, By Industry, 2016 – 2028 (USD Billion)
TABLE NO. 23. U.S. Global Master Data Management Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 24. Canada Global Master Data Management Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 25. Canada Global Master Data Management Market Revenue, By Industry, 2016 – 2028 (USD Billion)
TABLE NO. 26. Canada Global Master Data Management Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 27. Mexico Global Master Data Management Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 28. Mexico Global Master Data Management Market Revenue, By Industry, 2016 – 2028 (USD Billion)
TABLE NO. 29. Mexico Global Master Data Management Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 30. Drivers for the Global Master Data Management Market: Impact Analysis
TABLE NO. 31. Restraints for the Global Master Data Management Market: Impact Analysis
TABLE NO. 32. Major Buyers of Global Master Data Management Market
TABLE NO. 33. Distributors/Traders List of Global Master Data Management Market
TABLE NO. 34. Global Master Data Management Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 35. Global Master Data Management Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)
This report is based on in-depth qualitative and quantitative analyses of the global Master Data Management market. Zion Research has collected and analyzed key data belong to the global Master Data Management market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Master Data Management across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Master Data Management industry. Primary research makes up the major source of data collection and validation.
Primary Research
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary Research
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases, and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Master Data Management market.
Models
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Master data management (MDM) is a wide-ranging method of enabling an enterprise to link all of its critical data to one file called a master file that provides a common point of reference. When the linking is done properly, MDM streamlines data sharing among personnel and departments. Master data management can facilitate computing in multiple system architectures, platforms, and applications. MDM solutions comprise a wide range of data cleansing, transformation, and integration practices. When the data sources are added to the system, MDM initiates processes to identify, collect, transform and repair data. Therefore, MDM is of particular interest to large organizations, highly data distributed organizations and those that have frequent or large-scale merger and acquisition activity.
The master data management market plays a very vital role in the huge enterprises and organizations. The master data management market is driven by many drivers one of which is rising needs of compliance and verification which is one of the major drivers which drives the growth of the market. Apart from the expansion, the market involves various drivers which drive the growth, strategies, market positioning, and their various recent developments. The market adapts the various restraints and opportunities which generate growth for the master data management market. Current data security apprehensions can be one of the restraints for the market while the opportunity can be the incorporation of integrated vendor offerings.
The global master data management market is segmented into types, application, industries, and regions. The type segment for the master data management market includes implementation, consulting and, training & support. Further, on the basis of application the market for master data management market is segmented into product data, customer data and, supplier data among others. BFSI, government, retail, IT & telecom, manufacturing and, healthcare among others are the industries which are included as a segmentation for the master data management market. The market is analyzed based on five regions namely North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. The regional segment is bifurcated into various countries such as US, UK, France, Germany, China, Japan, India, and Brazil.
By geography, North America, Asia Pacific, and Europe are expected to exhibit the highest adoption rate for master data management market due to the demand on the rise in the industries such as BFSI, government, IT and telecom, healthcare, manufacturing, retails and other industries. Latin America and Middle East & Africa offers a lot of opportunities for the vendors in the forecast period.
The leading companies in the global master data management market are IBM Corporation, Tibco Software Inc, SAP AG, Oracle Corporation, SAS Institute Inc, Riversand Technologies, Informatica Corporation, SyncForce and, Orchestra Networks among others.
Request the coronavirus impact analysis across industries and markets
The global Master Data Management Market was valued at USD 29156.3 Million in 2020.
The global Master Data Management Market is expected to reach USD 64435 Million by 2028, growing at a CAGR of 9.8% between 2021 to 2028.
The growing demand for Master Data Management from the Asia Pacific is expected to provide great growth opportunities for the key players in the global Master Data Management market in the coming years. Technological advancements to improve efficiency and quality are also expected to open new avenues of opportunities in the coming years.
The Asia Pacific is expected to have the highest market growth rate during the forecast period. The rising awareness about the increase in business productivity, supplemented with competently designed MDM solutions offered by vendors present in this region, is leading to the Asia Pacific becoming a highly potential market.
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