Global Data Governance market 2018-2023: Segmented By Deployment (On-Cloud And On-Premises), Business Function (Operations And It, Legal), End-User Industry (It And Telecom, Healthcare, Bfsi), And Region - Growth, Trends, And Forecast

The Data Governance market is expected to register a CAGR of over 21.24% during the forecast period (2018 - 2023) and expected to reach USD 3.62 billion by 2023. The scope of the report is limited to deployment of data governance solutions, its components, business function, organization size, and various end-user industries. The regions considered in the scope of the report include - North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Global Data Governance Market Size, Status and Forecast 2018-2023

Data governance is a control system that ensures reliable and appropriate supervision of an organization's data across the business. Several benefits of data governance include a reduction in risk, improved data quality, increased transparency, effective inventory control, and improved rules and standards. The rapidly increasing growth in data volumes and rising regulatory and compliance mandates are projected to drive the growth of data governance market. However, issues related to varying structure of regulatory policies and data address validation are estimated to challenge the growth of the market.

Top merchant analysis is one of the key component and is exceptionally helpful for each player to comprehend focused scene in the market.

Major companies present in Data Governance market report are:

SAS INSTITUTE INC., SAP SE, IBM CORPORATION, ORACLE CORPORATION, INFORMATICA CORPORATION, SYMANTEC CORPORATION, ALFRESCO SOFTWARE INC., COLLIBRA, INC., TALEND INC., TIBCO SOFTWARE INC., VARONIS SYSTEMS INC., ALATION INC., and ORCHESTRA NETWORKS, among others.

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According to Aureus Analytics report, the world's data volume is expected to grow by 40% per year, and 50 times by 2020. Human- and machine-generated data is experiencing an overall 10x faster growth rate than traditional business data, and machine data are increasing even more rapidly at 50x the growth rate. With the growing new technologies, such as IoT and artificial intelligence companies, such as Walmart are adopting data governance solutions to ensure enterprise data is authorized and organized in a database with as few errors as possible while maintaining, both privacy and security. According to erwin Inc., deploying data governance solutions can increase process efficiency by 5%, reduce product defects by 15%, and increase profit margin by 10%.

Key Developments in the Market

• May 2018: Symantec Corp. launched a new privacy research center to give consumers greater control over their data and their online “footprints,” and provide governments and corporations with additional tools to help them be responsible custodians of data they handle. Symantec’s initiatives are intended to focus on best practices concerning protection, ownership, and governance of consumer data.
• March 2018: Mastercard and IBM collaborated to launch a new data trust, Trūata designed to help organizations conduct analytics in compliance with Europe’s upcoming privacy and data protection framework, the European General Data Protection Regulation (GDPR).

Asia-Pacific to be the Fastest Growing Market 

Asia-Pacific is projected to be the fastest growing region for data governance market, owing to the growing technology expenditures in economies, such as China, India, Singapore, and Australia. The demand for cost-effective data management and governance solutions and services among small- and medium-sized enterprises (SMEs) is further driving the demand for data governance market in the region. 

According to the report published by Dow Jones Venture Source, in 2017, China accounts for 46% of the combined valuation for the top 10 most valuable unicorns (privately held Startup Company with a current valuation of USD 1 billion or more). The increasing investment in infrastructure upgrades and digitization, such as emergence in AI and IoT in various sectors in the region have also resulted in the higher adoption of data governance solutions in the region.

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Data Governance Market Report provides the Vendors data, including: shipment, price, revenue, gross profit, interview record, business distribution CAGR etc. Some other factors such price, cost, as import, export, gross margin and consumption are also analysed. This enables the buyer of the report to gain a telescopic view of the competitive landscape and plan the strategies accordingly.

Key questions answered in this report 
What will the market size be in 2025 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?

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Table of Contents

Introduction

1.1 Key Study Deliverables 

1.2 Market Definition 

1.3 Study Assumptions 

2. Research Methodology

3. Executive Summary 

4. Data Governance Market Insights 

4.1 Data Governance Market Overview 

4.2 Porter's Five Forces Analysis 

4.2.1 Bargaining Power of Suppliers 

4.2.2 Bargaining Power of Consumers 

4.2.3 Threat of New Entrants 

4.2.4 Threat of Substitute Products and Services 

4.2.5 Competitive Rivalry in the Industry 

4.3 Ecosystem Analysis 

4.4 Technology Roadmap 

5. Data Governance Market Dynamics 

5.1 Data Governance Market Drivers 

5.1.1 Rising Regulatory and Compliance Mandates 

5.1.2 Increasing Growth of Data Volume 

5.2 Data Governance Market Restraints 

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Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today’s businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors. Market Reports World is the credible source for gaining the market reports that will provide you with the lead your business needs.

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Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today’s businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors. Market Reports World is the credible source for gaining the market reports that will provide you with the lead your business needs.

CONTACT US
Mr. Ajay More
Phone: US +1 424 253 0807
Email: sales@marketreportsworld.com

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