Sarasota, FL, Sept. 14, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “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, 2016 – 2022”. According to the report, the global master data management market was valued USD 11,517.3 million in 2016 and is expected to reach around USD 37,976.0 million by 2022, at a CAGR approximately 22% for the forecast period from 2017 to 2022.
The master data management market has undergone tremendous advancement in the past few years. With the initiation of the internet of things (IOT), the penetration of information technology across various industries have increased. The Enterprises and the organizations have raised up their investments in IOT technology. The technology of IOT offers a wide range of benefits to organizations in the sectors of cloud computing, big data analytics, and global networks. The market for master data management is anticipated to expand at a CAGR of approximately 22% during the forecast period from 2017 to 2022 and market is expected to reach approximately USD 37,976.0 million in terms of revenue by 2022.
Browse through 42 Market Tables and 25 Figures spread through 110 Pages and in-depth TOC on "Global Master Data Management Market: By Type, Application, Size, Share, Trends and Forecast 2016 – 2022”.
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The master data management market players have been focusing on the innovations in terms of technological advancements and to increase the safety and durability. Mounting demands for operational excellence and data quality is one of the drivers which drive the growth of the master data management market. Ongoing data ownership concerns can be one of the restraints for the market. The emerging economies are expected to present lucrative growth opportunities to the global master data management market than developed countries with advanced technology.
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 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.
Browse the full "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, 2016 – 2022. ”report at https://www.zionmarketresearch.com/report/master-data-management-market
Asia Pacific has been the leading market with the highest share in master data management market and is expected to hold the largest market share and dominate the market in the forecast period. This is due to the increased expenditure on IT infrastructure by enterprise operating in this region. The Asia Pacific master data management market is at the peak of unprecedented growth where in countries like India, China and Japan will address the highest growth for the master data management market.
North America and Europe primarily holds the major market share along with Asia Pacific. It is mainly because of the high level of market traction that is prevalent in these regions. UK, France, and Germany are the countries in Europe which drive the growth of the market where as U.S. is the country in North America which has the largest growth in this region. The trend of big data management and cloud adoption are becoming critical to enterprises across the world but holds the particularly strong approach in North America.
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Latin America region along with Middle East & Africa offers a lot of opportunities for the vendors where the majority of countries are yet to expansively adopt the master data solutions. These regions are expected to witness a significant growth in terms of the implementation of the solution over the next decade.
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.
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The report segment of master data management market is as follows:
Global Master Data Management Market: Type Segment Analysis
- Implementation
- Consulting
- Training and Support
Global Master Data Management Market: Application Segment Analysis
- Product Data
- Customer Data
- Supplier Data
- Others
Global Master Data Management Market: Industry Segment Analysis
- BFSI
- Government
- Retail
- IT and Telecom
- Manufacturing
- Healthcare
- Others
Global Master Data Management Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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