Press release
Early Impacts of COVID-19 on Enterprise Data Management Market - Watchout for Trends in 2020
Enterprise Data Management
Enterprise Data Management program allying all the enterprises application, increases cloud adoption, assimilates business transformation and provides a single view for all the enterprises data. Many enterprises have their specific preferences and expectations when it comes to handling different forms of information resources. With the help of Enterprise Data Management, one can do all the organizational work in a single platform.
In several companies, expanded usage of data management system is expected to boost the enterprise data management market in the estimated period. In addition, increasing risk management is expected to be the major driving factor over the projected period to boost the enterprise data management industry. Using the risk management process, the organization controls the vulnerability and maximizes the possibilities that make it feasible for the company to implement Enterprise Data Management to a significant degree, and this is expected to improve the overall business
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The rising usability and convenient accessibility of open source solutions is expected to be the main constraint on the enterprises data management market.
On the basis of component, the market is segmented into software and services. Software component segment accounted for $37.2 billion in 2018 and is predicted to rise with a CAGR of 8.5% over the forecast period. The Software component segment is expected to expand because most companies majorly use open source tools for analytics, research, and data analysis monitoring, data processing, and much more for data handling.
On the basis of deployment, the market is segmented into on-premise and cloud. Cloud based segment accounted for $22.6 billion in 2018 and is predicted to be generating a revenue of $53.6 billion by 2026. Cloud helps the company to take advantage of automatic backups and safe storage of records. Because of these factors, the cloud-based implementation is expected to drive the enterprise data management market growth over the expected timeframe.
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On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific market accounted for $18.5 billion in 2018 and is predicted to rise with a CAGR of 9.0% over the forecast period. The market in this region is predicted to grow due to the rise in the development of various sectors using data management software for making various decision and building strategy. North America market accounted for $16.4 billion in 2018 and is predicted to rise with a CAGR of 9.8% over the forecast period. It is expected that the involvement of a large number of professionals in the cloud and government taking initiatives for implementing big data and other machine learning applications will boost the market in this region over the forecast period.
The major key players in enterprise data management market are NTT Communications Corporation, IBM Corporation, SAP SE, SAS Institute Inc., Cloudera, Inc., HP Development Company, L.P., Microsoft, TierPoint, LLC., VMware Inc., and Amazon Web Services, Inc. among other.
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Mr. Abhishek Paliwal
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