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Master Data Management Market by Component, Data Type, Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2023

  • ID: 4751882
  • Report
  • Region: Global
  • 116 Pages
  • Markets and Markets
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The Master Data Management Market is Projected to Grow from 9.5 Billion in 2018 to USD 22.0 Billion by 2023, at a CAGR of 18.3% from 2018 to 2023

FEATURED COMPANIES

  • Enterworks
  • Informatica
  • Profisee Group
  • Riversand
  • SAS Institute
  • Stibo Systems
  • MORE

Master Data Management Market by Component (Solutions & Services), Data Type, Deployment Type (Cloud & On-Premises), Organization Size (SMEs & Large Enterprises), Vertical (BFSI, Retail, Manufacturing, Healthcare), and Region - Global Forecast to 2023

Increase in the use of data quality tools for data management is driving the overall growth of the master data management market.

The master data management market is projected to grow from 9.5 billion in 2018 to USD 22.0 billion by 2023, at a CAGR of 18.3% from 2018 to 2023. The market growth is driven by various factors, such as the increasing use of data quality tools for data management and the rising need for compliance. However, data security concerns can hinder the growth of the market.

By component, the solutions segment is estimated to hold a larger market size than the services segment in 2018.

Increased demand for data integration & migration and data governance solutions from enterprises is driving the solutions segment. Master data management solutions are increasingly adopted by organizations to effectively and efficiently manage the growing volume of data to enhance productivity and maintain business continuity. The proliferation of data forced IT companies, such as IBM, SAP, Oracle, and Informatica, to develop and design master data management solutions as well as help the IT team simplify and manage master data. Vendors in the market are offering master data management solutions, thereby facilitating automated management of master data without human intervention.

By deployment type, the cloud segment is expected to register a higher growth rate than the on-premises segment during the forecast period.

Cloud-based software offers a centralized way to secure sensitive data across organizations. Moreover, cloud-deployed software reduces the cost associated with upgrading and updating software, in comparison to the costs associated with on-premises deployed software, as the extra cost is incurred by the service providers in the cloud-deployed format. This is also one of the factors fueling the growth of the cloud segment.

The Asia Pacific market is expected to register the highest growth rate during the forecast period.

The Asia Pacific is estimated to be the fastest-growing market for master data management. This growth is attributed to the presence of rapidly growing economies, such as China, Japan, Australia, and India. There has been a significant increase in the adoption of master data management solutions in these countries to cater to the needs of data quality and governance in large enterprises and SMEs of the region. Rapid economic development, globalization, and the increased adoption of data regulatory practices are expected to drive the growth of the master data management market in the Asia Pacific region.

In-depth interviews were conducted with chief executive officers, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the master data management marketplace.

  • By Company Type: Tier 1 - 15%, Tier 2 - 42%, and Tier 3 - 43%
  • By Designation: C-level - 62%, D-level - 18%, and Others - 20%
  • By Region: North America - 40%, Europe - 20%, Asia Pacific - 30%, Middle East & Africa - 5%, Latin America - 5%

Major vendors offering master data management solutions include IBM (US), SAP (Germany), Oracle (US), SAS Institute (US), Teradata (US), Informatica (US), Talend (US), TIBCO Software (US), Riversand (US), SyncForce (Netherlands), Profisee Group (US), Reltio (US), Semarchy (US), Stibo Systems (Denmark), and EnterWorks (US). The study includes an in-depth competitive analysis of these key market players along with their profiles, recent developments, and key market strategies.

Research Coverage

The market study covers the master data management market size across segments. It aims at estimating the market size and the growth potential of this market across different segments by component, data type, deployment type, organization size, vertical, and region. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall master data management market and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

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FEATURED COMPANIES

  • Enterworks
  • Informatica
  • Profisee Group
  • Riversand
  • SAS Institute
  • Stibo Systems
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primaries
2.1.2.2 Key Industry Insights
2.2 Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
2.4 Market Forecast
2.5 Research Assumptions
2.6 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Master Data Management Market
4.2 Market Size By Component, 2018
4.3 Market Size By Organization Size, 2018-2023
4.4 Market Size By Vertical, 2018-2023
4.5 Market Investment Scenario

5 Market Overview and Industry Trends
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Increase in the Use of Data Quality Tools for Data Management
5.1.1.2 Rising Need for Compliance
5.1.2 Restraints
5.1.2.1 Data Security Concerns
5.1.3 Opportunities
5.1.3.1 Incorporation of New Technologies With Master Data Management
5.1.3.2 Trend Towards Multi-Domain Master Data Management
5.1.4 Challenges
5.1.4.1 Diversified Data Regulations and Legislation Across Different Verticals and Regions
5.2 Industry Trends
5.2.1 Introduction
5.2.2 Evolution
5.2.3 Case Studies/Use Cases
5.2.3.1 Case Study 1: London Borough of Camden: Infosphere Master Data Management Enables Increase in Operational Efficiency, Fraud Detection, and Improved Service Levels
5.2.3.2 Case Study 2: Sungard Financial Systems: Tibco MDM Platform Provides Reliable Customer Information Due to Better Reporting and Decision Making
5.2.3.3 Case Study 3: Partssource: Less Time Needed to Launch New Products, From 2 Hours to 2 Minutes With Informatica MDM
5.2.3.4 Case Study 4: Shoppers Stop: Benefited From Omnichannel Potential With Riversand MDM
5.2.3.5 Case Study 5: Carhartt: Talend Master Data Management and Data Quality Solution Delivers A Real-Time Integrated System and Consolidated Consumer Data

6 Master Data Management Market, By Component
6.1 Introduction
6.2 Solutions
6.2.1 Increased Demand for Data Integration & Migration and Data Governance Solutions From Enterprises is Driving the Solutions Segment
6.3 Services
6.3.1 Increasing Need to Enhance Customer Experience is Driving the Services Segment
6.3.2 Consulting Services
6.3.3 Integration Services
6.3.4 Training & Support Services

7 Master Data Management Market, By Data Type
7.1 Introduction
7.2 Customer Data
7.3 Product Data
7.4 Supplier Data
7.5 Location Data
7.6 Asset Data

8 Master Data Management Market, By Deployment Type
8.1 Introduction
8.2 Cloud
8.2.1 Need to Cut Down Total Cost of Ownership is Driving the Cloud Segment
8.3 On-Premises
8.3.1 Total Control Over Security and Privacy of Enterprise Master Data is Driving the On-Premises Segment

9 Master Data Management Market, By Organization Size
9.1 Introduction
9.2 SMEs
9.2.1 Need for Cost-Effective Management Solutions to Reduce Operational Costs is Expected to Drive the SMEs Segment
9.3 Large Enterprises
9.3.1 Rapidly Growing Structured and Unstructured Data is Driving the Adoption of Master Data Management Solutions in Large Enterprises

10 Master Data Management Market, By Vertical
10.1 Introduction
10.2 BFSI
10.2.1 Improves Customer Service to Enhance Know Your Customer (KYC) Capabilities
10.3 Government
10.3.1 Need to Manage Fragmented Critical Data From Heterogeneous Systems Propels Demand for Master Data Management Solutions
10.4 Retail
10.4.1 Management of Diverse Products & Items Across Multiple Departments, Portfolios, and Price Ranges Drives Market Growth
10.5 IT and Telecom
10.5.1 Enables Consolidation of Information Into A Single Reference Frame and Centralization of Different Services Through Master Data Management Solutions
10.6 Manufacturing
10.6.1 Master Data Management Solutions Enable Manufacturers to Manage Products, Inventories, and Assets Across All Channels
10.7 Energy and Utilities
10.7.1 Energy Industry Business Spread Across Different Geographies and Applications Drives the Adoption of Master Data Management Solutions
10.8 Healthcare
10.8.1 Highly Regulated Healthcare Industry Obtains Consolidated Data Insights and Quality Through Master Data Management Solutions
10.9 Others

11 Master Data Management Market Analysis: By Region
11.1 Introduction
11.2 North America
11.2.1 US
11.2.1.1 Presence of Leading Global Players is One of the Factors Driving the US Master Data Management Market
11.2.2 Canada
11.2.2.1 Rising Adoption of Data Compliance Practices is Driving the Growth of Market in Canada
11.3 Europe
11.3.1 UK
11.3.1.1 Strategic Partnerships and Supportive Government Mandates to Drive Business Models in Data-Driven Industries
11.3.2 Germany
11.3.2.1 Emergence of Industry 4.0 is Supporting Market Growth in Germany
11.3.3 France
11.3.3.1 Significant AI and Big Data Investments are Expected to Spur Market Growth in France
11.3.4 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.1.1 Rising Need to Handle Large Volumes of Data Supporting the Adoption of Master Data Management Solutions in Japan
11.4.2 China
11.4.2.1 Increasing Digitalization is Helping Market Growth in China
11.4.3 India
11.4.3.1 Increasing Adoption of Big Data Analytics and Growing E-commerce Industry is Fueling Market Growth in India
11.4.4 Singapore
11.4.4.1 Presence of Leading ICT Multinationals is Expected to Support Market Growth in Singapore
11.4.5 Rest of Asia Pacific
11.5 Middle East & Africa (MEA)
11.5.1 Middle East
11.5.1.1 UAE, Qatar, and Saudi Arabia are Expected to Witness Higher Adoption of Data Management Solutions
11.5.2 Africa
11.5.2.1 Supportive Government Initiatives are Expected to Drive Market Growth in African Countries
11.6 Latin America
11.6.1 Mexico
11.6.1.1 Rising Awareness About Master Data Management Solutions is Expected to Drive Growth of the Market in Mexico
11.6.2 Brazil
11.6.2.1 Adoption of Big Data and Analytics Expected to Provide Growth Opportunities for the Market in Brazil
11.6.3 Rest of Latin America

12 Competitive Landscape
12.1 Microquadrant Overview
12.1.1 Visionary Leaders
12.1.2 Innovators
12.1.3 Dynamic
12.1.4 Emerging
12.2 Market Ranking for the Master Data Management Market, 2018
12.3 Competitive Benchmarking
12.3.1 Product Offerings
12.3.2 Business Strategies

13 Company Profiles
13.1 IBM
13.2 SAP
13.3 Oracle
13.4 SAS Institute
13.5 Teradata
13.6 Informatica
13.7 Talend
13.8 Tibco Software
13.9 Riversand
13.10 Syncforce
13.11 Profisee Group
13.12 Reltio
13.13 Semarchy
13.14 Stibo Systems
13.15 Enterworks

14 Appendix
14.1 Discussion Guide
14.2 Knowledge Store: Subscription Portal
14.3 Available Customizations
14.4 Related Reports
14.5 Author Details

List of Tables
Table 1 Factor Analysis
Table 2 Master Data Management Market Size, By Component, 2016-2023 (USD Million)
Table 3 Solutions: Market Size By Region, 2016-2023 (USD Million)
Table 4 Services: Market Size By Region, 2016-2023 (USD Million)
Table 5 Market Size By Deployment Type, 2016-2023 (USD Million)
Table 6 Cloud: Market Size By Region, 2016-2023 (USD Million)
Table 7 On-Premises: Market Size By Region, 2016-2023 (USD Million)
Table 8 Master Data Management Market Size, By Organization Size, 2016-2023 (USD Million)
Table 9 SMEs: Market Size By Region, 2016-2023 (USD Million)
Table 10 Large Enterprises: Market Size By Region, 2016-2023 (USD Million)
Table 11 Master Data Management Market Size, By Vertical, 2016-2023 (USD Million)
Table 12 BFSI: Market Size, By Region, 2016-2023 (USD Million)
Table 13 Government: Market Size By Region, 2016-2023 (USD Million)
Table 14 Retail: Market Size By Region, 2016-2023 (USD Million)
Table 15 IT and Telecom: Market Size By Region, 2016-2023 (USD Million)
Table 16 Manufacturing: Market Size By Region, 2016-2023 (USD Million)
Table 17 Energy and Utilities: Market Size By Region, 2016-2023 (USD Million)
Table 18 Healthcare: Market Size By Region, 2016-2023 (USD Million)
Table 19 Other Verticals: Market Size By Region, 2016-2023 (USD Million)
Table 20 Master Data Management Market Size, By Region, 2016-2023 (USD Million)
Table 21 North America: Market Size By Country, 2016-2023 (USD Million)
Table 22 North America: Market Size By Component, 2016-2023 (USD Million)
Table 23 North America: Market Size By Deployment Type, 2016-2023 (USD Million)
Table 24 North America: Market Size By Organization Size, 2016-2023 (USD Million)
Table 25 North America: Market Size By Vertical, 2016-2023 (USD Million)
Table 26 Europe: Master Data Management Market Size, By Country, 2016-2023 (USD Million)
Table 27 Europe: Market Size By Component, 2016-2023 (USD Million)
Table 28 Europe: Market Size By Deployment Type, 2016-2023 (USD Million)
Table 29 Europe: Market Size By Organization Size, 2016-2023 (USD Million)
Table 30 Europe: Market Size By Vertical, 2016-2023 (USD Million)
Table 31 Asia Pacific: Master Data Management Market Size, By Country, 2016-2023 (USD Million)
Table 32 Asia Pacific: Market Size By Component, 2016-2023 (USD Million)
Table 33 Asia Pacific: Market Size By Deployment Type, 2016-2023 (USD Million)
Table 34 Asia Pacific: Market Size By Organization Size, 2016-2023 (USD Million)
Table 35 Asia Pacific: Market Size By Vertical, 2016-2023 (USD Million)
Table 36 Middle East & Africa: Master Data Management Market Size, By Region, 2016-2023 (USD Million)
Table 37 Middle East & Africa: Market Size By Component, 2016-2023 (USD Million)
Table 38 Middle East & Africa: Market Size By Deployment Type, 2016-2023 (USD Million)
Table 39 Middle East & Africa: Market Size By Organization Size, 2016-2023 (USD Million)
Table 40 Middle East & Africa: Market Size By Vertical, 2016-2023 (USD Million)
Table 41 Latin America: Master Data Management Market Size, By Country, 2016-2023 (USD Million)
Table 42 Latin America: Market Size By Component, 2016-2023 (USD Million)
Table 43 Latin America: Market Size By Deployment Type, 2016-2023 (USD Million)
Table 44 Latin America: Market Size By Organization Size, 2016-2023 (USD Million)
Table 45 Latin America: Market Size By Vertical, 2016-2023 (USD Million)

List of Figures
Figure 1 Master Data Management Market: Research Design
Figure 2 Breakup of Profiles of Primary Participants: By Company, Designation, and Region
Figure 3 Market Size 2016-2023 (USD Billion)
Figure 4 Market By Fastest-Growing Subsegments, 2018-2023
Figure 5 MDM Market, By Region and Key Countries in Each Region, 2018
Figure 6 Rising Need for Compliance to Drive the Master Data Management Market Growth During the Forecast Period
Figure 7 Solutions Segment is Estimated to Lead the Market in 2018
Figure 8 Large Enterprises Segment to Hold A Larger Market Share During the Forecast Period
Figure 9 BFSI Segment to Lead the Market During the Forecast Period
Figure 10 Market Investment Scenario
Figure 11 Drivers, Restraints, Opportunities, and Challenges
Figure 12 Evolution of Master Data Management Market
Figure 13 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period as Compared to the Solutions Segment
Figure 14 On-Premises Segment Estimated to Lead Market in 2018
Figure 15 Large Enterprises Segment Estimated to Dominate Market in 2018
Figure 16 Healthcare Vertical to Grow at the Highest CAGR During the Forecast Period
Figure 17 North America is Projected to Lead Market From 2018 to 2023
Figure 18 Asia Pacific Projected to Grow at Highest CAGR From 2018 to 2023
Figure 19 North America Market Snapshot: BFSI Segment-Leading Vertical in 2018
Figure 20 Asia Pacific Market Snapshot: On-Premises Deployment Type Segment-Leading Market During the Forecast Period
Figure 21 Master Data Management Market (Global) Competitive Leadership Mapping, 2018
Figure 22 Market Ranking, 2018
Figure 23 IBM: Company Snapshot
Figure 24 IBM: SWOT Analysis
Figure 25 SAP: Company Snapshot
Figure 26 SAP: SWOT Analysis
Figure 27 Oracle: Company Snapshot
Figure 28 Oracle: SWOT Analysis
Figure 29 SAS Institute: Company Snapshot
Figure 30 SAS Institute: SWOT Analysis
Figure 31 Teradata: Company Snapshot
Figure 32 Teradata: SWOT Analysis
Figure 33 Talend: Company Snapshot

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  • Enterworks
  • IBM
  • Informatica
  • Oracle
  • Profisee Group
  • Reltio
  • Riversand
  • SAP
  • SAS Institute
  • Semarchy
  • Stibo Systems
  • Syncforce
  • Talend
  • Teradata
  • Tibco Software
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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