New Research: Master Data Management Market is expected to reach USD 28,053.9 Mn by 2022 - Know About Technology Aspects, Analysis by Regions, Future Outlook, Competitive Analysis – Forecast to 2026

Master data management (MDM), a technology-enabled discipline facilitates the collaboration of business and IT, ensuring the uniformity, accuracy, stewardship, semantic consistency and accountability of the enterprise’s official shared master data assets. Master data is the consistent and uniform set of identifiers and extended attributes that describes the core entities of the enterprise including customers, prospects, citizens, suppliers, sites, hierarchies and chart of accounts. Master data management (MDM) is a comprehensive method of enabling an enterprise to link all of its critical data to a common point of reference.

The master data management market, in terms of revenue, was valued at US$ 11,653.7 Mn in 2017 and is expected to reach US$ 28,053.9 Mn by 2022.

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Top Companies Profiled in this Report Includes; Oracle, TIBCO Software Inc., Informatica Corporation, IBM, SAP, SAS Institute, Inc., Talend, Inc., SyncForce, Teradata Corporation, Orchestra Networks, Riversand Technologies, Inc.,

Master Data Management market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.

Banking, Financial Services and Insurance (BFSI) Anticipated to be the Dominant Segment During the Forecast Period, 2018 - 2026

Amongst the industry type, BFSI is a dominant segment holding the largest market share. It is also anticipated to be the fastest growing market during the forecast period. Financial institutions located all over the world generate a large amount of customer, trade, and other financial data. These banks have a variety of systems installed and the need to have a consolidated, centralized managed data is driving the master data management market in industry.

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Stringent Government Rules with Respect to Customer Confidentiality Management to drive the Market in North America
North America has the presence of large enterprises and large capital industries, generating a tremendous volume of data from diverse IT system set up. The strict government rules regarding data protection and data storage, has led to the adoption of master data management solution in the organizations.

Master Data Management Market is Fragmented with the Presence of Global and Regional Players

In December 2017, Oracle Corporation acquired Aconex Limited for US$ 1.2 billion. Aconex’s software is used by infrastructure and building projects, providing management of data, documents and cost across all stages of a construction project life cycle.

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