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Global Master Data Management Market Shows Phenomenal CAGR of 27.3% through 2024
MRRSE
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Efficient management of humongous amount of data that a prospering organization can produce is of great importance to achieve greater profitability. The tools of master data management (MDM) provide for processes to fetch, aggregate, and compile the data to derive meaningful information that can help the organization to make fruitful decisions based on customers, sales, and financial records. On the back of the growing popularity of cloud computing and mushrooming of small and medium businesses (SMBs), this business intelligence study has projected the demand in the global master data management market to multiply at a phenomenal CAGR of 27.3% during the forecast period of 2017 to 2024. In terms of revenue, the master data management market is estimated to be worth 20,544.87 million, considering all global opportunities. As of 2017, the base year of this report, the market was evaluated for a valuation of 3,795.46 million.
While SMBs are increasingly adopting cloud computing as the concept offers them cost benefits, fast deployment, and flexibility, the market for master data management is also gaining traction from the possibilities of amalgamation with big data and benefits of regulatory compliances. On the other hand, difficulties in maintaining consistency and completeness of the data is a restraint that is obstructing the MDM market from attaining a higher growth rate. This report foresees that state-of-the art MDM solutions will be able to eliminate data redundancy and provide for effective analysis of master data in the near future and entice adoption.
This report on the master data management market provides analysis for the period from 2014 to 2024, wherein 2015 is the base year and the period from 2016 to 2024 is the forecast period. Data for 2014 has been included as historical information. The report highlights the various drivers, restraints, and opportunities expected to influence the market’s growth during the said period. It also highlights the trends that prevail in the master data management market globally. The study provides a holistic perspective on market growth throughout the forecast period in terms of revenue estimates (in US$ Mn) across regions of North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America (LATAM).
This research report provides in-depth analysis of the master data management market, which is segmented on the basis of component, solution, and industry. The report provides cross-sectional analysis of the global master data management market in terms of market estimates and forecasts for all segments across regions.
Browse Full Report with Table of Content, List of Table and Figures – https://www.mrrse.com/master-data-management-market
The report profiles the major players of the master data management market. The company profiling includes an overview of the company with respect to parameters such as company details, market presence and segmentation by geography, key developments, strategy and historical roadmap, and revenue and operating profits. Major business strategies adopted by these players, their market positioning, and their recent developments have also been identified in the research report. This report also provides market positioning analysis of major players in the master data management market based on their 2015 revenues. The major players profiled in the report include Informatica, IBM Global Services, Oracle Corporation, SAP SE, Stibo Systems, Riversand Technologies, Tibco Software, Agility Multichannel, and EnterWorks Acquisition Inc.
The global market for Master Data Management (MDM) market has been segmented as follows:
Master Data Management Market: By Component
By Software
On Cloud
On Premise
By Service
Consulting
System Integration
Operations and Maintenance
Master Data Management Market: By Solution
Product Data Solution
Customer Data Solution
Multi-domain MDM Solution
Master Data Management Market: By Industry
Government
Banking, Finance and Insurance (BFSI)
IT and Telecommunications
Health Care
Energy and Utility
Transportation and Logistics
Manufacturing
Retail
Others
Master Data Management Market: By Region
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
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