Master Data Management Market to Witness Huge Growth by 2022-2028 | IBM (US), Oracle (US), SAP (Germany), SAS (US), TIBCO Software (US), Informatica (US), Talend (US)

The Master Data Management Market research report offers an in-depth analysis of the global Master Data Management Market by presenting the details about the latest product launches and recent innovations in the market. It also provides data about the impact on the market growth due to covid-19. The competitive landscape has also been incorporated into the market so as to understand the market's current scenarios and trends. Moreover, the report also highlights collaborations, company mergers, and upcoming collaborations to strive in the market successfully.

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The master data management market size to grow from USD 16.7 billion in 2022 to USD 34.5 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 15.7% during the forecast period.

The major players in the master data management market include IBM (US), Oracle (US), SAP (Germany), SAS (US), TIBCO Software (US), Informatica (US), Talend (US), Cloudera (US), Riversand (US), SyncForce (US), and Stibo Systems (Denmark).

Various factors such as rising need for compliance, increase in the use of data quality tools for data management, and rising trend towards multi-domain master data management are expected to drive the adoption of master data management technologies and services.

According to IBM, Master Data Management (MDM) is a comprehensive method to define and manage an organization's critical data. It provides a single, trusted view of data across enterprises, agile self-service access, analytical graph-based exploration, governance, and a user-friendly dashboard. Moreover, MDM provides a 360-degree view of data and enables users to deliver better business insights through self-service analytics.

The master data management market is expected to grow owing to several factors, such as rising need for compliance and rising trend towards multi-domain master data management. The increasing availability and accessibility to view master data records within and beyond organizations are leading to the need for authorized processes to maintain the authenticity and accuracy of this data. Therefore, organizations are implementing integrated data governance models with their MDM solutions. Presently, users prefer integrated multi-domain MDM solutions assist them in the observance of various kinds of information policies and help them resolve technical data management issues. Hence, data governance is widely being standardized to increase the adoption of MDM solutions in the market.

The COVID-19 pandemic has affected the master data management market. However, companies are still leveraging MDM software to analyze real-time demand, manage network traffic, and ensure a balanced approach in upstream, midstream, and downstream processes across verticals. Companies would look out for real-time MDM solutions with data visualization, simulation and scenario developments, capabilities to analyze data in different business processes, regression analysis, historical trend analysis and forecasting, clustering and segmentation, and standardized reporting. Most solution providers have realized this and started implementing their solutions with these features to help their clients.

The Services segment to grow at higher CAGR during the forecast period

Based on component, the MDM market is segmented into solutions and services. The CAGR of the Services segment is estimated to be the largest during the forecast period. Services play a very important part in the MDM market, and are considered as the core components for the effective functioning of any software. The growing demand for cloud-based services and the rising adoption of MDM solutions are driving the growth of the services segment. The efficient delivery of services helps in improving system reliability, operational efficiency, and cost management.

The On-Premises segment to have the largest market size during the forecast period

Based on deployment type, the MDM market is segmented into cloud and on-premises. In on-premises deployment, software is installed on the customers' server, whereas in cloud deployment, the software is hosted on dedicated equipment situated off-premises. On-premises deployment runs on customer data centers and allows them to control and manage all aspects of the MDM. On-premises deployment of MDM is a traditional deployment model and is presently the preferred method.

Asia Pacific to hold highest CAGR during the forecast period

The Asia Pacific MDM market is expected to grow at the highest CAGR of 24.0% from 2018 to 2023, due to growing industrialization in this region. This market is also expected to account for the significant adoption of MDM solutions. Initially, data management in this region followed an immature discipline. However, with the rising awareness about the increase in business productivity, supplemented with competently designed MDM solutions offered by vendors present in this region, is leading to Asia Pacific becoming a highly potential market.

Breakdown of primaries

In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the master data management market.

By Company: Tier I: 35%,Tier II: 45%, and Tier III: 20%
By Designation: C-Level Executives: 35%, D-Level Executives: 25%, and Managers: 40%
By Region: APAC: 25%, Europe: 30%, North America: 30%, MEA: 10%, Latin America: 5%

Research Coverage

The market study covers the master data management market across segments. It aims at estimating the market size and the growth potential of this market across different segments, such as components, mapping type, application, vertical, and region. It includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report

The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall master data management market and its sub segments. It would help stakeholders understand the competitive landscape and gain more insights better to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

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Table Of Contents

1 Introduction
1.1 Objectives Of Study
1.2 Market Definition
1.2.1 Inclusions And Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Years Considered For Study
1.4 Currency Considered
1.5 Stakeholders
1.6 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Global Master Data Management Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup Of Primary Profiles
2.1.2.2 Key Industry Insights
2.2 Market Breakup And Data Triangulation
2.3 Market Size Estimation
Figure 2 Market Size Estimation Methodology-Approach 1 (Supply Side): Revenue Of Solution/Services Of Market
Figure 3 Market Size Estimation Methodology ̶ Approach 2 Bottom-Up (Supply Side): Collective Revenue Of All Solution/Services Of Market
Figure 4 Market Size Estimation Methodology ̶ Approach 3 Top-Down (Demand Side): Share Of Master Data Management Through Overall Master Data Management Spending
Figure 5 Master Data Management Market: Top-Down And Bottom-Up Approaches
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
2.4 Market Forecast
Table 1 Factor Analysis
2.5 Assumptions For Study
2.6 Limitations Of Study

3 Executive Summary
Table 2 Master Data Management Market Size And Growth Rate, 2016-2021 (Usd Million, Y-O-Y %)
Table 3 Market Size And Growth Rate, 2022-2027 (Usd Million, Y-O-Y %)
Figure 6 Solution Segment To Hold Larger Market Size In 2022
Figure 7 Large Enterprises Segment To Hold Larger Market Size In 2022
Figure 8 On-Premises Deployment Type To Hold Larger Market Size In 2022
Figure 9 Healthcare Vertical To Hold Highest Cagr During Forecast Period
Figure 10 North America To Hold Largest Market Share, And Asia Pacific To Hold Highest Cagr In Market In 2022

4 Premium Insights
4.1 Attractive Opportunities In Master Data Management Market
Figure 11 Rising Need For Compliance To Drive Market Growth During Forecast Period
4.2 Market, By Vertical
Figure 12 Banking, Financial Services, And Insurance Segment To Register Largest Market Share During Forecast Period
4.3 Market, By Region
Figure 13 North America To Register Largest Market Share During Forecast Period
4.4 Gement Market: Components And Top Three Verticals
Figure 14 Solution Segment And Banking, Financial Services, & Insurance Vertical To Hold Highest Market Shares In 2022

5 Market Overview And Industry Trends
5.1 Introduction
5.2 Market Dynamics
Figure 15 Drivers, Restraints, Opportunities, And Challenges: Master Data Management Market
5.2.1 Drivers
5.2.1.1 Increase In The Use Of Data Quality Tools For Data Management
5.2.1.2 Rising Need For Compliance
5.2.2 Restraints
5.2.2.1 Data Security Concerns
5.2.3 Opportunities
5.2.3.1 Incorporation Of New Technologies With Master Data Management
5.2.3.2 Trend Towards Multi-Domain Master Data Management
5.2.4 Challenges
5.2.4.1 Diversified Data Regulations And Legislation Across Different Verticals And Regions
5.2.4.2 Network Slowdown Due To Covid-19 Pandemic To Impact The Master Data Management Market Significantly
5.2.5 Cumulative Growth Analysis
5.3 Master Data Management: Evolution
Figure 16 Evolution Of Master Data Management
5.4 Case Studies
5.4.1 Banking, Financial Services, And Insurance
5.4.1.1 Use Case 1: Raiffeisen Bank Used Ataccama One To Power Its Operations, Prevent Fraud, And Facilitate Regulatory Compliance
5.4.2 Information Technology And Telecommunication
5.4.2.1 Use Case 2: Avast Used Ataccama One To Improve Its Customer Experience And Ensure Compliance With Data Privacy
5.4.3 Retail And Consumer Goods
5.4.3.1 Use Case 3: 1-800-Flowers.Com Used Ibm Infosphere Master Data Management To Assist Customers Find Right Gifts
5.4.4 Government And Defense
5.4.4.1 Use Case 4: Cak Used Tibco Mdm To Better Interact With Citizens Of Holland And Other Governmental Agencies
5.4.5 Manufacturing
5.4.5.1 Use Case 5: Goya Foods Used Tibco Mdm To Enhance Quality Of Data On Its Products
5.4.6 Healthcare
5.4.6.1 Use Case 6: Hackensack Meridian Used Informatica Mdm To Manage Complex Soils Of Data
5.4.7 Energy And Utilities
5.4.7.1 Use Case 7: Fjordkraft Used Informatica Master Data Management To Consolidate, Deduplicate, And Master Customer Data
5.5 Technology Analysis
5.5.1 Ai, Ml, And Master Data Management
5.5.2 Cloud Computing And Master Data Management
5.5.3 Big Data & Analytics And Master Data Management
5.6 Porter's Five Forces Analysis
Table 4 Impact Of Each Force On The Master Data Management Market
Figure 17 Porter's Five Forces Analysis: Market
5.6.1 Threat From New Entrants
5.6.2 Threat From Substitutes
5.6.3 Bargaining Power Of Suppliers
5.6.4 Bargaining Power Of Buyers
5.6.5 Intensity Of Competitive Rivalry
5.7 Supply/Value Chain Analysis
Figure 18 Supply/Value Chain Analysis
5.8 Patent Analysis
5.8.1 Methodology
5.8.2 Document Type
Table 5 Patents Filed, 2020-2022
5.8.3 Innovation And Patent Applications
Figure 19 Annual Number Of Patents Granted, 2019-2022
5.8.3.1 Top Applicants
Figure 20 Top Ten Companies With Highest Number Of Patent Applications, 2020-2022
5.9 Mdm Ecosystem
Table 6 Mdm Market: Ecosystem
5.10 Pricing Model Analysis
Table 7 Pricing Model
5.11 Regulatory Implications
5.11.1 General Data Protection Regulation
5.11.2 Health Insurance Portability And Accountability Act
5.11.3 Payment Card Industry Data Security Standard
5.11.4 Sarbanes-Oxley Act Of 2002
5.11.5 Soc 2 Type Ii Compliance
5.11.6 Iso/Iec 27001
5.11.7 The Gramm-Leach-Bliley Act
5.12 Mdm Market: Covid-19 Impact
Figure 21 Master Data Management Market To Decline During 2022-2027
5.13 Tariff And Regulatory Landscape
5.13.1 Regulatory Bodies, Government Agencies, And Other Organizations
Table 8 North America: List Of Regulatory Bodies, Government Agencies, And Other Organizations
Table 9 Europe: List Of Regulatory Bodies, Government Agencies, And Other Organizations
Table 10 Asia Pacific: List Of Regulatory Bodies, Government Agencies, And Other Organizations
Table 11 Middle East & Africa: List Of Regulatory Bodies, Government Agencies, And Other Organizations
Table 12 Latin America: List Of Regulatory Bodies, Government Agencies, And Other Organizations
5.13.2 North America: Tariffs And Regulations
5.13.2.1 Personal Information Protection And Electronic Documents Act (Pipeda)
5.13.2.2 Gramm-Leach-Bliley (Glb) Act
5.13.2.3 Hipaa Of 1996
5.13.2.4 Federal Information Security Management Act (Fisma)
5.13.2.5 Federal Information Processing Standards (Fips)
5.13.2.6 California Consumer Privacy Act (Cspa)
5.13.3 Europe: Tariffs And Regulations
5.13.3.1 Gdpr 2016/679 Is A Regulation In The Eu
5.13.3.2 General Data Protection Regulation
5.13.3.3 European Committee For Standardization (Cen)
5.13.3.4 European Technical Standards Institute (Etsi)

6 Master Data Management Market, By Component
6.1 Introduction
6.1.1 Component: Market Drivers
6.1.2 Components: Covid-19 Impact
Figure 22 Services Segment To Grow At Higher Cagr During Forecast Period
Table 13 Market, By Component, 2016-2021 (Usd Million)
Table 14 Market, By Component, 2022-2027 (Usd Million)
6.2 Solution
Table 15 Solution: Market, By Region, 2016-2021 (Usd Million)
Table 16 Solution: Market, By Region, 2022-2027 (Usd Million)
Table 17 Solution: North America Market, By Country, 2016-2021 (Usd Million)
Table 18 Solution: North America Market, By Country, 2022-2027 (Usd Million)
Table 19 Solution: Europe Master Data Management Market, By Country, 2016-2021 (Usd Million)
Table 20 Solution: Europe Market, By Country, 2022-2027 (Usd Million)
Table 21 Solution: Asia Pacific Market, By Country, 2016-2021 (Usd Million)
Table 22 Solution: Asia Pacific Market, By Country, 2022-2027 (Usd Million)
Table 23 Solution: Middle East & Africa Market, By Country, 2016-2021 (Usd Million)
Table 24 Solution: Middle East & Africa Market, By Country, 2022-2027 (Usd Million)
Table 25 Solution: Latin America Market, By Country, 2016-2021 (Usd Million)
Table 26 Solution: Latin America Market, By Country, 2022-2027 (Usd Million)
6.3 Services
Table 27 Services: Master Data Management Market, By Region, 2016-2021 (Usd Million)
Table 28 Services: Market, By Region, 2022-2027 (Usd Million)
Table 29 Services: North America Market, By Country, 2016-2021 (Usd Million)
Table 30 Services: North America Market, By Country, 2022-2027 (Usd Million)
Table 31 Services: Europe Market, By Country, 2016-2021 (Usd Million)
Table 32 Services: Europe Market, By Country, 2022-2027 (Usd Million)
Table 33 Services: Asia Pacific Market, By Country, 2016-2021 (Usd Million)
Table 34 Services: Asia Pacific Market, By Country, 2022-2027 (Usd Million)
Table 35 Services: Middle East & Africa Market, By Country, 2016-2021 (Usd Million)
Table 36 Services: Middle East & Africa Market, By Country, 2022-2027 (Usd Million)
Table 37 Services: Latin America Market, By Country, 2016-2021 (Usd Million)
Table 38 Services: Latin America Master Data Management Market, By Country, 2022-2027 (Usd Million)
6.3.1 Consulting Services
6.3.2 Integration Services
6.3.3 Training And Support Services

7 Master Data Management Market, By Deployment Type
7.1 Introduction
7.1.1 Deployment Type: Market Drivers
7.1.2 Deployment Type: Covid-19 Impact
Figure 23 Cloud Segment To Witness Higher Cagr During Forecast Period
Table 39 Market, By Deployment Mode, 2016-2021 (Usd Million)
Table 40 Market, By Deployment Mode, 2022-2027 (Usd Million)
7.2 Cloud
Table 41 Cloud: Market, By Region, 2016-2021 (Usd Million)
Table 42 Cloud: Market, By Region, 2022-2027 (Usd Million)
Table 43 Cloud: North America Market, By Country, 2016-2021 (Usd Million)
Table 44 Cloud: North America Market, By Country, 2022-2027 (Usd Million)
Table 45 Cloud: Europe Market, By Country, 2016-2021 (Usd Million)
Table 46 Cloud: Europe Market, By Country, 2022-2027 (Usd Million)
Table 47 Cloud: Asia Pacific Master Data Management Market, By Country, 2016-2021 (Usd Million)
Table 48 Cloud: Asia Pacific Market, By Country, 2022-2027 (Usd Million)
Table 49 Cloud: Middle East & Africa Market, By Country, 2016-2021 (Usd Million)
Table 50 Cloud: Middle East & Africa Market, By Country, 2022-2027 (Usd Million)
Table 51 Cloud: Latin America Market, By Country, 2016-2021 (Usd Million)
Table 52 Cloud: Latin America Market, By Country, 2022-2027 (Usd Million)
7.3 On-Premises
Table 53 On-Premises: Market, By Region, 2016-2021 (Usd Million)
Table 54 On-Premises: Market, By Region, 2022-2027 (Usd Million)
Table 55 On-Premises: North America Market, By Country, 2016-2021 (Usd Million)
Table 56 On-Premises: North America Market, By Country, 2022-2027 (Usd Million)
Table 57 On-Premises: Europe Market, By Country, 2016-2021 (Usd Million)
Table 58 On-Premises: Europe Master Data Management Market, By Country, 2022-2027 (Usd Million)
Table 59 On-Premises: Asia Pacific Market, By Country, 2016-2021 (Usd Million)
Table 60 On-Premises: Asia Pacific Market, By Country, 2022-2027 (Usd Million)
Table 61 On-Premises: Middle East & Africa Market, By Country, 2016-2021 (Usd Million)
Table 62 On-Premises: Middle East & Africa Market, By Country, 2022-2027 (Usd Million)
Table 63 On-Premises: Latin America Market, By Country, 2016-2021 (Usd Million)
Table 64 On-Premises: Latin America Market, By Country, 2022-2027 (Usd Million)

8 Master Data Management Market, By Organization Size

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