Master Data Management Market Highlights

Master data management is a set of procedures, policies, and systems that collectively match organizations key elements allowing the entire organization to operate effectively. MDM solution synchronizes master data locked inside the applications across the organization and finds the key data that accurately represents the business entities such as employees, products, facilities, and customers. Mounting demands for operational excellence and data quality and growing requirements for verification and compliance drives the master data management market during the forecast period. Globally, Master Data Management Market is Predicted to Reach US$ 34.6 Billion by 2027 Registering a CAGR of 15.6%. The research report presents an analysis of market size, share, and growth, Master data management market trends, cost structure, statistical and comprehensive data of the global market.

Master Data Management Market Key Players:

The prominent players in master data management market are -

SAP SE (Germany)
SAS Institute, Inc. (US)
IBM Corporation (US)
Oracle Corporation (US)
Tibco Software, Inc. (US)
Informatica Corporation (US)
Teradata Corporation (US)
Orchestra Networks (US)
Riversand Technologies, Inc (US)
Talend (US) among others.

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Master Data Management Market Challenges

The use of MDM solutions is gathering steam in a variety of different geographic areas and industry sectors. This leads to an important issue for market development, which would be the existence of diverse statutes and regulations throughout international and domestic boundaries, which is a major impediment to market expansion.

Master Data Management Market Regional Analysis

The global market for master data management is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of the master data management market is studied for North America, Europe, Asia-Pacific, and the rest of the world.

North America is expected to dominate the master data management market during the forecast period. The presence of big players and early adoption of new technologies such as IoT and artificial intelligence (AI) drives the master data management market in North America. The US, Canada, and Mexico are expected to dominate the global master data management market in North America during the forecast period. Healthcare and manufacturing industry drives the master data management market in the North American region.

Europe is expected to record stable growth during the forecast period. BFSI and transportation sector are expected to drive the master data management market in Europe during the forecast period. Rules and regulations for transportation and strict norms related to payment security applied to the BFSI sector drive the transportation & BFSI market in Europe.

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Asia-Pacific is expected grow at a faster rate during the forecast period. IT & telecommunication sector drives the master data management market in the Asia-Pacific region. Asia-Pacific is economically and technologically developed region and countries such as China, Japan, and South Korea are expected to dominate the global master data management market in the Asia-Pacific region.

Master Data Management Market Segmentation Overview:

The market is segmented on the basis of type, professional service, deployment, industry, and geography. The global master data management market is expected to witness decent growth during the forecast period.

By Application:
Based on the application, the market is segmented into implementation and deployment services, maintenance and support services, and consultation services.

By end-users:
Based on the propulsion types, the market is segmented into BFSI, IT & telecommunication, medical, retail, media & entertainment, transportation and logistics, industrial, and others.

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Report Overview:

The following report comprises of –

Market overview
Covid 19 Analysis
Market Dynamic
Drivers
Opportunities
Restraints
Challenges
Cumulative Growth Analysis
Value Chain Analysis
Segmentation Overview
By Application
By End-Users
Regional Analysis
Competitive landscape

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