The development of centralized data management owing to the rise in demand for consumers is propelling the market growth.
Market Size – USD 3.13 Billion in 2018, Market Growth – CAGR of 23.9%, Market Trends – The advent of risk and compliance management.
The Global Enterprise Metadata Management market is forecast to reach USD 17.52 Billion by 2026, according to a new report by Reports and Data. Enterprise metadata management is the means of managing metadata, which provides additional information and context to other information and data assets of an industry. Metadata is information that represents the various facets of information assets, which improves its usability and enables easier management during its tenure.
The requirement for centralized data management, operational effectiveness, and data quality management, increasing business data volume and regulations, and risk and compliance management are supposed to fuel the growth of this market.
There lie certain restraining factors like the uncertain return on investment as well as an inconsistent array of business logistics, which hamper the growth of the market. These factors are to be eradicated as soon as commercialization of this market occurs. Several large companies are utilizing these management software and commodities to render easier co-operative functions which curtail time constraints for redundant operations.
The region of Asia Pacific comprises of a very data-hungry population, which thrives on services of these management firms and solutions. IT industries, as well as financial moguls, are investing in metadata management solutions owing to the increased use of digital form of information to be relayed in accordance with data manipulation and data engineering for process management as well as risk and compliance management. Hence, the growth of this market in the region of Asia Pacific is forecast to be the fastest.
Key participants are Adaptive, ASG Technologies, Cambridge Semantics, CentricMinds, Collibra, Data Advantage Group, IBM, Informatica, Oracle, and SAP, among others.
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The research report assesses the market dynamics, market landscape, company profiles, production and manufacturing capacity, year-on-year growth rate, SWOT analysis, and Porter’s Five Forces analysis. The report estimates the market size, market growth, and provides an accurate forecast for the key segments of the market for the forecast period of 2020-2028. The report also covers an in-depth analysis of the key competitors of the market, along with their growth strategies and business expansion plans.
The Enterprise Metadata Management Markethas been segmented into key regions of the world and offers an analysis of growth rate, market share, market size, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Enterprise Metadata Management Market
Further key findings from the report suggest
- Governance and compliance management segment is set to experience a CAGR of 24.1% during the forecast period owing to the ever-growing need for data management. The administration becomes easier further when a solution is implemented for compliance management, which provides information regarding the same, allowing for modifications.
- On-premise deployment solutions held a market share of 56.0% in the year 2018. This higher share corresponds to the ease of installation and availability of hardware solutions, which were cost-effective owing to the unavailability of other solutions.
- Media and Entertainment industry is set to experience the highest CAGR of 24.4% during the forecast period. This high growth is attributed to the immense data a media carries with respect to the increasing regulations regarding copyright infringement as well as for the security purposes inhibiting reproduction of the critical data.
- Asia Pacific is forecasted to experience the highest CAGR of 24.8% during the forecast period. Developing countries like China and japan are quickly catching up with the growth in data management services. Management of metadata also ensures the security of that data, which promotes its utility in the developing sectors of finance as well as media and telecommunications.
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For the purpose of this report, Reports and Data have segmented into the global enterprise metadata management market on the basis of deployment type, application type, end-users, and region:
Deployment Type Outlook (Revenue, USD Billion; 2016-2026)
Application Type Outlook (Revenue, USD Billion; 2016-2026)
- Governance and compliance management
- Risk management
- Product and process management
- Incident management
End-Users Outlook (Revenue, USD Billion; 2016-2026)
- Telecommunication & IT
- Retail and Ecommerce
- Healthcare and Lifesciences
- Government and Defense
- Energy and Utilities
- Media and Entertainment
Regional Outlook (Revenue, USD Billion; 2016-2026)
- North America
- Asia Pacific
- Latin America
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Key Advantages of Enterprise Metadata Management Market Report:
- Identification and analysis of the market size and competition
- Qualitative and quantitative analysis of the market data
- Data validated by industry experts after extensive primary and secondary research
- Extensive regional analysis of the Enterprise Metadata Management industry
- Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
- SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
- Feasibility analysis and investment analysis to enable strategic investment decisions
- Analysis of opportunities, drivers, restraints, challenges, risks, and limitations
Conclusively, all aspects of the Enterprise Metadata Management Market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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