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2023 Global Master Data Management Market Size, Share, Trends, Industry Analysis And Report To 2032
Master Data Management Market Report
Master Data Management Market Size, Growth Rate, And Forecast:
The global master data management market is expected to grow from $13.01 billion in 2022 to $15.13 billion in 2023 at a compound annual growth rate (CAGR) of 16.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The master data management market is expected to grow to $27.42 billion in 2027 at a CAGR of 16%.
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Master Data Management Market Drivers:
The increase in the use of data quality tools for data management is expected to propel the growth of the master data management (MDM) market going forward. Data quality tools are the process and technology that are used to identify, understand and analyze data that support decision-making in business processes. Many organizations are already employing data quality technologies in data cleansing to improve decision-making quality and efficiency in corporate operations by delivering improved analytics, real-time data validation, data profiling, and other services.
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Master Data Management Market Segments
•By Component: Solution, Services
•By Deployment Mode: Cloud, On-premises
•By Organization Size: Small and Medium Enterprises (SMEs), Large Enterprises
•By Application: Supplier Data, Product Data, Customer data, Other Applications
•By Verticals: Banking, Financial Services and Insurance (BFSI), Government, Retail, IT and Telecom, Manufacturing, Energy and Utilities, Healthcare, Other Verticals
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Master Data Management market.
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Master Data Management Market Key Players:
Major competitors in the master data management market include International Business Machines Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., TIBCO Software Inc., Informatica, Talend, Cloudera Inc., Broadcom Inc., SyncForce, Stibo Group, Teradata Corporation, Magnitude Software Inc., Profisee, Reltio Inc., and Magnitude Software Inc.
The Business Research Company's "Global Master Data Management Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Master Data Management Market Include:
1. Executive Summary
2. Master Data Management Market Characteristics
3. Master Data Management Market Trends And Strategies
4. Master Data Management Market - Macro Economic Scenario
5. Master Data Management Market Size And Growth
....
26. Africa Master Data Management Market
27. Master Data Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Master Data Management Market
29. Master Data Management Market Future Outlook and Potential Analysis
30. Appendix
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