Master Data Management Market Size, Share Report, Analysis, Trends, Growth 2030

Master Data Management Market

Master Data Management Market By Types (Implementation, Consulting And Training) By Application (Product Data, Customer Data Supplier Data And Others) For BFSI, Government, Retail, IT & Telecom, Manufacturing, Healthcare And Other Industries: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2028

Category: Technology & Media Report Format : PDF Pages: 135 Report Code: ZMR-76 Published Date: Jul-2021 Status : Published
Market Size in 2022 Market Forecast in 2028 CAGR (in %) Base Year
USD 29.15 Billion USD 64.43 Billion 9.8% 2022

Global Master Data Management  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.    

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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.

Global Master Data Management Market Report Scope:

Report Attributes Report Details
Report Name Master Data Management Market
Market Size in 2020 USD 29156.3 Million
Market Forecast in 2028 USD 64435 Million
Compound Annual Growth Rate CAGR of 9.8%
Number of Pages 135
Forecast Units Value (USD Million), and Volume (Units)
Key Companies Covered IBM Corporation, Tibco Software Inc, SAP AG, Oracle Corporation, SAS Institute Inc, Riversand Technologies, Informatica Corporation, SyncForce and, Orchestra Networks among Others.
Segments Covered By Application, By Type, By Industry And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latian America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2020
Historical Year 2016 to 2020
Forecast Year 2021 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization


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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. 

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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.

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The global Master Data Management Market is segmented as follows:

By Type

  • Implementation

  • Consulting
  • Training and Support

By Application

  • Product Data
  • Customer Data
  • Supplier Data
  • Others

By Industry

  • BFSI
  • Government
  • Retail
  • IT and Telecom
  • Manufacturing
  • Healthcare
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

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.

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.

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