Increasing importance for data governance by organizations across various industry verticals is the key factor contributes the growth of global enterprise metadata management market.
During the forecast period, the global enterprise metadata management market is anticipated to expand at a CAGR of 19.4%. The market is expected to be worth US$8,420.9 million in 2022. By the year 2032, the enterprise metadata management market is anticipated to reach a peak of US$ 49,558.2 million. Experts at Future Market Insights have recorded a historical CAGR of 18.9% between 2016 and 2021.
Metadata is structured set of information set that describes, explains, and locates the other set of information. Metadata is also called as information about information and data about data.
For example, metadata in the context of library management, that delivers cataloguing aspect of library materials. Enterprise metadata management is a data management practice for managing the organization’s information.
Enterprise metadata management is software solution provides the necessary knowledge to enhance manage, and maintain, the technical description of data assets.
Enterprise metadata management enhances the ability of an organization to deal with risk, improve IT productivity and also to meet the necessary regulatory requirements.
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Enterprise Metadata Management Market: Market Dynamics
Expanding enterprise data coupled with rising data integration and content management challenges, and growing importance for data governance and data standardization by organizations across various industries is the key factor drives the growth of global enterprise metadata management market.
Rising need to reducing risk and increasing trust of enterprise data assets, growing focus on collaboration and social networking capabilities and increasing interest to managing the content lifecycle by enterprises across various verticals accelerates the growth of global enterprise metadata management market.
Also, expanding data warehouses, data mining, and data pooling operations coupled with growing focus on developing centralized data control to improve IT productivity across enterprise atmosphere fuels the growth of global enterprise metadata management market.
However lack of understanding about the potential benefits of enterprise metadata management solutions and technological challenges in metadata storage and cross linking of data are identified as restraints likely to deter the progression of global enterprise metadata management market.
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Enterprise Metadata Management Market: Market Segments
The global enterprise metadata management market is segmented on the basis of deployment type, vertical and by region. On the basis of deployment type the global metadata management market is segmented into on –premise and software as a service (SaaSa).
On the basis of vertical the global metadata management market is segmented into BFSI, healthcare & medical, IT & telecommunication, media & entertainment, government, e-commerce and retail, logistics, pharmaceutical, manufacturing and others
Enterprise Metadata Management Market: Regional Outlook
Among all regions, metadata management market in North America is expected to dominate the global metadata management market due to the presence of prominent players specialized in metadata management in the region and ricing priority for collaborative business environment.
In terms of revenue, Asia-Pacific is identified as the fastest growing network forensics market, due to expanding enterprise and continuous adaptation to business intelligence and analytics solutions by organizations across various industries.
Enterprise Metadata Management Market: Competition Landscape
Some of the prominent players in the global enterprise metadata management market include Oracle, Informatica LLC., International Business Machines Corporation, Teradata, Collibra, Adaptive, Inc., Data Advantage Group, Cambridge Semantics, Talend, and MuleSoft, INC.
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Regional analysis for Graph Database Market includes
- North America
- US
- Canada
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Australia and New Zealand (ANZ)
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Rest of Middle East and Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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