As a result of the increased usage of Internet of Things (IoT) devices, the global enterprise data management market is expected to grow to US$ 208.9 billion by 2032, at a CAGR of 8.4%. The market is expected to earn US$ 93.5 billion in 2022, a 1.1x growth from the previous year’s sales of US$ 85.4 billion.
Furthermore, the increased proclivity of organisations towards data integration is expected to drive demand for corporate data management over the forecast period. Organisations are implementing numerous data integration solutions to aid in digital transformation. Furthermore, the Industrial Internet of Things (IIoT) is expected to boost the industry during the assessment period.
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According to Analytics Insight Report 2020, with the rising popularity of IIoT, the demand for data integration has increased considerably. On the contrary, increasing concerns about data security is likely to hamper the market growth in the forecast period. However, rising demand for risk management and software among organizations is expected to act as a significant counter to the impeding cause, and expand the market reach.
Key Takeaways from the Market Study
- The market in the U.S to hold a market value of US$ 72.8 Billion by 2032
- The industry in the U.S to record a CAGR of 8.1% in the forecast period
- By deployment type, the cloud segment to record a CAGR of 7.7% from 2022- to 2032
- Market in Japan to garner US$ 11.8 Billion by 2032
- South Korean market to expand at a CAGR of 6% in the assessment period
- U.K industry to flourish at a growth rate of 7.4% from 2022- to 2032
Competitive Analysis
Key players in the global enterprise data management market include SAS Institute Inc., IBM Corporation, Oracle Corporation, Teradata Corporation, and SAP SE, among others. Recent developments in the industry are:
- In July 2021, Informatica, a data integrity software solution provider, launched Intelligent Data Management Cloud on Azure for APAC. The system is an end-to-end AI-powered cloud platform providing accessibility on Microsoft Azure for APAC and SE Asia.
- In December 2021, IQGeo, a renowned developer of geospatial productivity and collaboration software, launched Network Manager Electric and Network Manager Gas software solutions. The software aims to offer efficient workflow solutions to electric and gas network operators.
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global enterprise data management market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
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Key Segments Profiled in the Enterprise Data Management Industry Report
Enterprise Data Management Market by Component:
Software
- Data Security
- Master Data Management
- Data Integration
- Data Migration
Services
- Managed Services
- Professional Services
Enterprise Data Management Market by Deployment Mode:
- Cloud-based Enterprise Data Management
- On-Premises Enterprise Data Management
Enterprise Data Management Market by Organization Size:
- Enterprise Data Management for Small and Medium-Sized Enterprises
- Enterprise Data Management for Large Enterprises
Enterprise Data Management Market by Industrial Vertical:
- Enterprise Data Management for Healthcare and Life Sciences
- Enterprise Data Management for BFSI
- Enterprise Data Management for IT
- Enterprise Data Management for Retail and Consumer Goods
- Enterprise Data Management for Media and Entertainment
- Enterprise Data Management for Manufacturing
- Enterprise Data Management for Energy and Utilities
- Enterprise Data Management for Transportation and Logistics
- Enterprise Data Management for Government and Defense
- Enterprise Data Management for Other Industrial Verticals
Enterprise Data Management Market by Region:
- North America Enterprise Data Management Market
- Europe Enterprise Data Management Market
- Asia Pacific Enterprise Data Management Market
- Middle East and Africa Enterprise Data Management Market
- Latin America Enterprise Data Management Market
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