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Data Governance Market Analysis 2023-2032: Global Industry Insights, Technology Scouting, Development Status And Top Major Players | IBM Corporation, Oracle, Collibra, Informatica, Talend, TopQuadrant, Alation, TIBCO Software Inc
Data Governance Market
Data Governance Market Size, Growth Rate, And Forecast:
The global data governance market size grew from $3.21 billion in 2022 to $3.87 billion in 2023 at a compound annual growth rate (CAGR) of 20.6%. 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 data governance market size is expected to grow to $8.22 billion in 2027 at a CAGR of 20.7%.
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Data Governance Market Drivers:
Rapidly increasing growth in data volumes is contributing to the growth of the data governance market. The expanding number of data-generating devices, such as smartphones, wearable electronics, and a slew of other gadgets with sensors, the popularity of the Internet of Things, cloud computing, and the impending adoption of 5G are all contributing to the exponential growth of data volume. Data governance improves data quality, lowers data management expenses, and increases data scientists', other analysts', and business users' access to needed data.
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Data Governance Market Segments:
By Component: Solutions, Services
By Deployment Model: On-Premise, Cloud
By Organisation Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
By Application: Incident Management, Process Management, Compliance Management, Risk Management, Audit Management, Data Quality And Security Management, Other Applications
By Industry Vertical: BFSI, Retail And Consumer Goods, Telecom And IT, Government, Healthcare, Manufacturing, Energy And Utilities, Transportation And Logistics, Other Industry Verticals
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Data Governance Market.
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Data Governance Market Key Players:
Major competitors in the data governance market include IBM Corporation, Oracle, Collibra, Informatica, Talend, TopQuadrant, Alation, TIBCO Software Inc.
The Business Research Company's "Global Data Governance 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 Data Governance Market Include:
1. Executive Summary
2. Data Governance Market Characteristics
3. Data Governance Market Trends And Strategies
4. Data Governance Market - Macro Economic Scenario
5. Data Governance Market Size And Growth
……
26. Africa Data Governance Market
27. Data Governance Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Data Governance Market
29. Data Governance Market Future Outlook and Potential Analysis
30. Appendix
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