Data Governance Market Forecast 2018-2025 : IBM Corporation, Oracle Corporation, SAP SE, TIBCO Software, Talend, Information Builders

The global data governance market is estimated to show an increase from USD 915.8 million in 2018 to USD 4.25 billion in 2025 and is expected to grow at a CAGR of 21.2% over the forecast period. Increase in the volume of data along with the need for its management and rise in mandates such as regulatory as well as compliance has significantly contributed to the growth of the market for data governance.

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Market Segment on the basis of Top Manufacturers - Collibra, Informatica Corporation, SAS Institute, IBM Corporation, Oracle Corporation, SAP SE, TIBCO Software, Talend, Information Builders, Varonis Systems, Orchestra Networks

There are some challenges faced by data governance market such as deployment of framework for data governance because of complications like data inconsistency, huge data volume and data ownership. For the purpose of proper deployment, different process needs to be defined such as Data storage, validation, backup and protection from attacks. Validation and data silos along with data maturity model exploitation are contributing in limiting the growth of the market. However, requirement of the organization to collect the massive data for analyses purpose and keeping up the deadline for regulation & compliance with improved risk management process is driving the growth at a fast rate and result in increase in the global market for data governance.

Application Insights
On the basis of application, Data Governance Market is segmented into Process Management, Risk Management, Data Quality and security management, Incident Management, Compliance Management, Audit Management, Others.

Rapid growth in data size, enhancement of strategic risk management process, improvement in accuracy of decision making process, compliance as well as regulatory mandates along with increase in collaborations are the factors driving the growth of the market for global data governance. Increase in popularity of Artificial Intelligence (AI) and its applications is expected to create a positive impact in the market over the forecast year.

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Industry Insight
Industries for data governance market are divided into IT & Telecom, Healthcare, Government, Financial Services, Retail, Government and Others. They are further divided into two groups, one with the highest market share (Insurance (BFSI), Financial Services, and Banking) and the other one with highest CAGR (E-Commerce and retail) for the forecast period.

Insurance (BFSI), Financial Services, and Banking use this service for the purpose of securing huge number of transactions the organization. Data governance helps the organizations with challenges like data security along with data accessibility and quality by providing solution to prevent data loss and duplication. BFSI organizations use data governance for the purpose of maintaining updates of their procedures and it helps them keeping an edge over its competitors.

Component Insights
On the basis of component, data government market is divided into solution and service. Maintaining the compliance and regulation deadlines along with the motive of improving the risk management has contributed to the growth of the market of data governance solution and services.

Deployment Model
Data governance model can be implemented both on-premises and cloud. Cloud computing provides more effective solution and therefore captures larger market share. However, on-premises model provides customization from the vendor side but on the other hand for cloud model, customization needs to be done by the end users.

Key Topics Covered:
• Data Governance Market Overview
• Global Data Governance Market Competition by Manufacturers
• Global Data Governance Capacity, Production, Revenue (Value) by Region (2013-2018)
• Global Data Governance Supply (Production), Consumption, Export, Import by Region (2013-2018)
• Global Data Governance Production, Revenue (Value), Price Trend by Type
• Global Data Governance Market Analysis by Application
• Global Data Governance Manufacturers Profiles/Analysis

The study segments the complete Data Governance market on the basis of different application, end-use, end-user, and production capability. From a business standpoint, the industry has been thoroughly examined across various countries located in North America, Europe, Asia-Pacific, and others. The size of the industry for the forecast period 2018 - 2025 is evaluated on the basis of current sales figures and past financial report can be used to forecast the future sales.

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This release was published on openPR.