World Master Data Management Market - Opportunities and Forecast, 2017 - 2023

  • ID: 3773269
  • Report
  • Region: Global
  • Allied Analytics LLP
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Master data management (or MDM) in business consists of different solutions, services, and standards which help enterprises manage their master data. Master data comprises confidential and critical business data regarding customers, products, financial transactions, suppliers, and others. Emergence of MDM has enabled enterprises to collate and manage master data and utilize it for data analytics and effective decision making. MDM enhances operational efficiency of organizations along with improved decision making capabilities. MDM makes it convenient to use data for different business operations as to boost operational as well as business performance and offer enhanced customer services. The master data management market today is influenced by many drivers, restrains and opportunities. Indispensable need to install centrally located or managed data, growing requirements for verification and compliance, and multiplying needs for excellent business performance and data quality are some of the many factors driving the MDM market. However, current apprehensions over data security as well as lack of awareness about the advantages associated with the data management solutions are the prime factors hindering the progress of the market. Nonetheless, incorporation of integrated vendor solutions is anticipated to offer new opportunities to the service providers.

The master data management market is segmented in terms of applications, end users, deployment models, industries, and geography. In terms of application, the market is segmented into product data, supplier data, customer data, and others. The deployment models favoured by enterprises consists of on premise and cloudbased model. Small and medium business enterprises and large enterprises are considered to be a major end users of the market. Industries served by the master data management market include BFSI, IT and telecom, media and entertainment, healthcare, retail, manufacturing, and others. Regions expected to observe tremendous growth in the MDM market are North America, Europe, Asia-Pacific and LAMEA.

In recent times, major market players are seen investing generously in research and development. Likewise, these brands are also exploring new markets to make their presence felt and increase their customer database. Business strategies such as joint venture, and acquisitions and mergers have further helped the prominent vendors to expand their product portfolio. Some of the many prominent leaders include of IBM Corporation, Tibco Software, SAP AG, SAS Institute Inc., Riversand Technologies, Teradata Corporation and others.

KEY BENEFITS FOR STAKEHOLDERS

Extensive evaluation of market entry strategies and effective marketing channels forms an important part of the study
Descriptive function of the research digs deep into the major drivers, restraints and opportunities, shaping the future of the market worldwide
The study further outlines the technology advancements and policy amendments that determine the market growth and market share
Extensive information on new markets, launches, collaborations, acquisitions and mergers highlights how enterprises stay competitive
SWOT analysis of the market brings to the table the weaknesses, strengths, opportunities and threats and also pin points how brands manage of stay competitive
The research puts a special emphasis on the industries expansively embracing the MDM

MASTER DATA MANAGEMENT MARKET SEGMENTS

Market By Application

Supplier Data
Product Data
Customer data
Others

Market By Deployments Model

On premise
Cloudbased

Market By End-Customers

Small and Medium Business Enterprises
Large Business Enterprises

Market By Industry

BFSI
Healthcare
IT & Telecom
Retail
Manufacturing
Media & Entertainment
Others

Market By Geography

North America
Europe
Asia-Pacific
LAMEA

Key Players

IBM Corporation
Tibco Software, Inc.
SAP AG
Oracle Corporation
SAS Institute, Inc.
Terada



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