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Master Data Management (MDM) Market to Reach US$32.37 Billion by 2022 - By Service, Deployment Model, Solution, End User, Organization Size & Geography - Research and Markets
Master Data Management (MDM) Market
Global Master Data Management (MDM) Market This in-depth report discusses this industry’s market in forms of overview/definition, application, classification, predictions pertaining value and volume, and future predictions. It also prominently attributes the current situation and outlooks with industrial and financial aspect. Furthermore, it comprises of current events, latest market trends, schematic representation of the global companies with their prime developments, mergers & acquisitions, deals and agreements, expansions and investments, etc. Additionally, it talks about the vital prospects such as market restrains, growth drivers, challenges and potential opportunities that may affect the overall Master Data Management (MDM) market.
This report studies the Global Master Data Management (MDM) Market analyzes and researches the Master Data Management (MDM) development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like IBM , Oracle , Informatica Corporation , SAP , Microsoft , SAS Institute , Stibo Systems , Gartner Inc. , Riversand Technologies , TIBCO Software , Orchestra Networks , Agility Multichannel , EnterWorks Acquisition , Talend , Teradata Corporation , IRM UK , KPMG , Lexmark
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Global master data management market to spiral to US$32.37 bn by 2022, rising at a 25.15% CAGR from 2017 to 2022. The market had a valuation of US$ 5.35 bn in 2016. Consolidation among companies is helping this market blaze ahead, says TMR.
The propagation of data among the organizations supplemented with the incorporation of diverse technologies has extensively redefined the workflow patterns of the people. Further, the need to have this diversely placed voluminous data in a single repository so as to facilitate data consistency has led to the increase in adoption of master data management software and services. Master data management solutions have provided the users with a unified and precise view of their entire master data. Likewise, the consolidated master data sheet has leveraged the users with a single point of reference to centrally analyse, monitor, track, and manage their master data record. This has invariably helped them to conveniently make timely better business decisions.
Over the years, the master data management-based content accessibility techniques and solution portfolios have evolved and have been swiftly progressing. With the increasing accessibility to ubiquitously access one’s organizational master data, the users which comprise Small Medium Businesses (SMBs) and large enterprises are adopting master data management solutions to harmonize, prioritize, synchronize, standardize their business processes, and augment collaboration. Further, the presence of an efficient master data management solution within the organization facilitates them to streamline their business processes. This is accomplished through competent master data management applications which provide channelization of their product portrayal data, fortify their customer interactions, accurately manage vendor accounts, customized view of their site data, and accountancy for their asset data. Likewise, the master data management services which include consulting, implementation, and training and support are
High Demand for MDM Software in BFSI Sector
The next five years will exhibit an impressive uptake in adoption of MDM solutions in the banking & finance industry. By the end of 2022, the BFSI sector will be observed as largest end-use industry for master data management, accounting for more than US$ 2,000 Mn in global revenues. During this period, the adoption of software on master data management will be considerably higher than that of MDS services. Throughout the forecast period, over 50% of global revenues raked in the master data management market will be arising from sales of MDM software.
Research Methodology
For the purpose of administering accuracy into its forecasts, Key Market Research adopts competent research techniques in development of its market studies. The report attains its foothold through exhaustive primary and secondary research conducted by our analysts. Data collected from multiple sources employed during this process is coordinated to create an outline of the report, and understand company positions and current standings in the global master data management market. For assessing the expansion course of master data management as a platform, the report has defined the characteristics of the market by evaluating estimations across multiple business entities.
Visit on the below link to get a sample of report@ https://www.qyresearchgroups.com/request-sample/680984
About Us:
QY Research Groups is a company that simplifies how analysts and decision makers get industry data for their business. Our unique colossal technology has been developed to offer refined search capabilities designed to exploit the long tail of free market research whilst eliminating irrelevant results. QY Research Groups is the collection of market intelligence products and services on the Web. We offer reports and update our collection daily to provide you with instant online access to the world’s most complete and current database of expert insights on global industries, companies, products, and trends.
Contact us:
Email- sales@qyresearchgroups.com
Web- www.qyresearchgroups.com
About Us:
QY Research Groups is a company that simplifies how analysts and decision makers get industry data for their business. Our unique colossal technology has been developed to offer refined search capabilities designed to exploit the long tail of free market research whilst eliminating irrelevant results. QY Research Groups is the collection of market intelligence products and services on the Web. We offer reports and update our collection daily to provide you with instant online access to the world’s most complete and current database of expert insights on global industries, companies, products, and trends.
Contact us:
Email- sales@qyresearchgroups.com
Web- www.qyresearchgroups.com
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