The master data management market witnesses continually rising revenues. The market growth attributes to the immensely growing need for data management led by the rising penetration of the internet and smart and connected devices. Besides, the enormous amount of data generated due to the increasing shift towards the IoT-enabled Platform-as-a-Service model and cloud-based solutions create substantial market demand. Moreover, rising numbers of enterprises and the adoption of cloud-based solutions for service virtualization & containerization escalate the market growth. According to Market Research Future (MRFR), the global master data management market is poised to reach an exponential valuation by 2027, registering an impressive CAGR throughout the forecast period (20202027). Master data management helps discover usage patterns, which can further support improved user experience, enabling resource efficiency. Additionally, increasing numbers of smart homes and smart city projects boost market growth, creating the need to manage and secure this tremendous amount of data. Furthermore, the rising focus on creating solutions that would deal with the management and security of a large volume of data influences the market's growth. Conversely, the high costs and complexity in developing custom software applications for each project are significant factors forecasted to obstruct the growth of the market. Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/6723 Global Master Data Management Market – Segments The report is segmented into type, professional service, deployment, industry, and region. The type segment is sub-segmented into customer data, supplier data, product data, and others. The professional service segment is sub-segmented into implementation & deployment service, maintenance & support service, and consulting service. The deployment segment is sub-segmented into on-premise and cloud. The industry segment is sub-segmented into BFSI, IT & telecommunication, healthcare, retail, media & entertainment, transportation and logistics, manufacturing, and others. The region segment is sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world. Global Master Data Management Market – Regional Analysis North America dominates the global master data management market. The largest market share attributes to the presence of well-established industry players and technology development centers in the region. Besides, the early adoption of IoT and artificial intelligence (AI) in the region drives the master data management market growth. The US, Canada, and Mexico are major master data management markets in North America. Additionally, the continually rising healthcare and manufacturing industry and the rapid adoption of smart devices push the regional market growth. Europe stands second in the global master data management market. The market growth is driven by the increasing uptake of master data management solutions across the industries for various applications. Additionally, the growing adoption of cloud-based services by small
and large organizations boosts the regional market's growth. The fast-developing IT infrastructures in the region influence the regional market growth. Get Complete Report Details @ https://www.marketresearchfuture.com/reports/master-data-management-market6723 The Asia Pacific region accounts for a significant share in the global master data management market. Factors such as the growth in the IT & telecommunication sector and uptake of futuristic technologies and IoT devices across the industries create significant market opportunities. Furthermore, the strong presence of key players and the continuous growth in technologies in the region positively impact market growth. Master Data Management Market – Competitive Analysis Highly competitive, the master data management market appears fragmented due to the presence of numerous well-established players. To gain a larger competitive share, innovation, mergers & acquisitions, and brand reinforcement remain key trends for these players. The market is likely to witness intensified competition with an increase in R&D innovations and M&A. Major Players: Players active in the global master data management market include SAS Institute, Inc (US), SAP SE (Germany), IBM Corporation (US), Tibco Software, Inc (US), Oracle Corporation (US), Informatica Corporation (US), Orchestra Networks (US), Teradata Corporation (US), Riversand Technologies, Inc. (US), and Talend (US), among others. About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Contact: Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: sales@marketresearchfuture.com
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