MDM BPO Market Overview: Industry Development Scenario and Trends Analysis for the Assessment Period from 2017 to 2026 | Key Regions/Countries Covered - North America, Latin America, Europe, APAC, Japan, MEA

Growing essentiality of organizing and processing large quantity of data that is generated by organizations in electronic, printed and other formats, along with growing realization of benefits associated with outsourcing these tasks to the specialist data service providers are key factors driving growth of the MDM BPO market. This report, compiled by FactMR, provides in-depth analysis of the global MDM BPO market for the forecast period 2017-2026, offering key insights on the growth prospects of the market.

The scope of the FactMR’s report is to analyze the global MDM BPO market for the forecast period 2017-2026 and offer accurate and unbiased insights to the readers. MDM BPO suppliers, stakeholders and manufacturers in the global information and communication technology industry can benefit from the analysis offered in this report. Comprehensive analysis regarding the impact of technological advancements such as cloud computing, internet of things (IoT), big data and artificial intelligence is detailed in this report. The comprehensive study throws light on various trends, dynamics and restrains shaping future of the market, which can serve as a platform of further study, interest and understanding for the leading industries, journals and trade magazines pertaining to global MDM BPO market.

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Master data management (MDM) engulfs processes, tools, standards, policies and governance, which consistently manage and define critical data generated by an organization for providing single point of reference. An MDM BPO provides services for collecting, aggregating, matching, quality-assuring, and consolidating this data for ensuring consistency & control in ongoing maintenance and application.

Demand for MDM Increasing with Growing IoT Proliferation

Over the past few years, master data management has witnessed substantial advancement, with the emergence of internet of things (IoT) accelerating penetration of information technology into a wide range of industries. Organizations are ramping up their investment in the IoT technology, as it offers various advantages in the sectors of global networks, big data analytics, and cloud computing. Number of startups across the globe have been surging, along with significant growth in businesses being conducted over the web. Considering direct proportionality of IoT proliferation to the requirement for data management, demand for master data management will witness an upsurge in the near future. Master data management enables organizations in deriving actionable insights from IoT data generated.

The need to invest in master data management has therefore become imperative for an organization’s success. Businesses today find it crucial for making effective business decisions in a short period of time. Organizations are continuously striving to acquire better productivity on the back of unstructured information and poor data quality, which in turn leads toward poor decision making and impacts business processes. In a bid to over these challenges, organizations rely on BPOs for management of their data. MDM BPOs accomplish customer expectations through provision of comprehensive solutions, which combine power data, technology and analytics. MDM BPOs help enterprises in making informed business decisions, and improving their ROI by excellently connecting right people with the right products.

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North America and Europe to Remain Most Profitable Regions for the Market Growth

With rapid growth in technological advancements and high adoption of IoT across various organizations in developed regions such as North America and Europe, huge amount of data is generated. This further calls for effective MDM creating demand for MDM BPOs in these regions. North America and Europe are expected to remain the most profitable regions for growth of the MDM BPO market. Asia-Pacific excluding Japan (APEJ) has become a key region for outsourcing various processes and operations. APEJ will also account for a major portion of the market revenue share by 2026-end.

Customer centric MDM is anticipated to remain the leading data type segment, with revenues projected to account for approximately half share of the market by 2026-end. Following customer centric MDM will be enterprise centric MDM, with revenues poised to hold over one-third share of the market during the forecast period.

Key Research Findings from Fact.MR’s Report

HR and finance & accounting will remain leading functions of MDM BPO
Manufacturing and BFSI are expected to remain most lucrative industries in the global MDM BPO market
Small & medium enterprises will become the most lucrative enterprise type segment in the market by 2026-end
Competition Tracking

Key players actively contributing to growth of the global MDM BPO market include TCS, Orchestra Networks, Talend, Riversand Technologies, Inc., Magnitude Software, Infosys Limited, Cap Gemini, Genpact, SAP, TIBCO Software, IBM Corporation, Oracle Corporation, and Informatica.

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This release was published on openPR.