Press release
Information Empowerment, Enterprise Success: Exploring the Enterprise Information Management Solution Market in 2033 - Elevating Data Management, Insights, and Business Intelligence through Holistic Solutions
Enterprise Information Management Solution Market
Solutions - Master Data Management and Data Quality Critical Solutions
Both the master data management and data quality solutions are projected to witness an exponential CAGR in excess of 20% and stakeholders in the enterprise information management solutions market are advised to take this into account. The data quality segment is anticipated to be slightly larger than master data management at the end of the eight-year study with a value of over US$ 10.3 Billion. Master data management is has sizeable demand in the MEA region and is worth US$ 140 Million there in 2017 alone.
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Industry - Banking and Financial Sector Data Has to be Effectively Managed
The banking and financial sector is estimated to be the most attractive in enterprise information management solution market over the duration of the forecast. Banks and financial institutions process a vast amount of confidential customer data that needs to be managed, stored securely, and integrated with other sources of data. The banking and financial sector may well register a Y-o-Y growth of 20.6% from 2017 to 2018.
Enterprise Type - Large Enterprise Lose Out to Small and Medium Enterprises
Large enterprise has almost 3/5th market share in the enterprise information management solution market by enterprise type but is on track to lose a significant 470 BPS over the forecast period and small and medium enterprises are the primary beneficiary of this.
Deployment - Mobile First World to Benefit Cloud Deployment
A mobile first world is predicted to spur the adoption of cloud-based solutions in the enterprise information management solution market. The on-premise deployment type has a lead in the enterprise information management solution market in 2017 but is likely to lose this position very soon. As Internet connectivity improves globally and smartphones become commonplace, there could be a desire to access information anywhere, anytime and this applies to enterprise data as well. The market attractiveness index of cloud deployment is 5.0 in enterprise information management solution market.
Region - Huge Potential in Latin America and MEA for Enterprise Information Management Solutions
North America has the maximum share in the enterprise information management solutions market in 2017 and APEJ is poised to inch past it by the end of the forecast period. Nonetheless, companies are recommended to target Latin America and MEA as these two dynamic regions are expected to grow by a massive 620 and 220 BPS points respectively. Master data management has immense scope in MEA and companies there are rapidly adopting it as it enables directly interacting with business intelligence providers and helps improve operational efficiency.
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Competitive Dashboard in the Enterprise Information Management Solution Market
Prominent companies actively involved in the enterprise information management solution market include
SAP SE
Oracle Corporation
IBM Corporation
Microsoft Corporation
Adobe Systems, Inc.
Hewlett Packard Enterprise
OpenText Corporation
Dell-EMC
Techwave Consulting Inc.
Deltek, Inc.
Hyland Software, Inc.
Enterprise Information Management, Inc.
Alfresco Software, Inc.
Others.
Key Takeaways
Enterprise information management solution vendors would do well to target the MEA and APAC regions as there is substantial demand for innovative solutions such as data integration, master data management, data governance, and data quality. Small and medium enterprises are showing the way with their eager adoption of enterprise information management solutions and the shift to cloud deployment should gather momentum going forward.
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Key Segments
Key Segments
By Solutions
Content Management
Data Integration
Data Quality
EA & MM
Information Governance
Master Data Management
By Deployment
On-Premise
Cloud
By Enterprise Type
Large Enterprise
Small and Medium Enterprise
By Industry
BFSI
IT & ITES
Telecommunication
Media
Retail & Wholesale
Utility
Manufacturing
Education
Government
Others
Key Regions
North America
U.S.
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Western Europe
Germany
U.K.
France
Spain
Italy
Russia
Western Europe
SEA & Others of APAC
India
Indonesia
Philippines
Thailand
Malaysia
Oceania
Rest of SEA & APAC
China
Japan
MEA
GCC Countries
Turkey
South Africa
North Africa
Rest of MEA
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductors and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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