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Master Data Management Market is expected to grow at a CAGR of 16.8% during the forecasted period | Evolve Business Intelligence
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The Master Data Management (MDM) Market is fueled by the imperative for organizations to maintain consistent, accurate, and coherent master data across their operations. Key drivers include the need for improved data quality, streamlined business processes, and enhanced decision-making. MDM solutions integrate, govern, and manage the lifecycle of critical data, catering to diverse industries and promoting operational efficiency through data-driven insights.
Key Players
Some of the major Master Data Management Market players holding high market shares include Amazon Web Services, Talend, Informatica Inc. and Cloud Software Group, Inc. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include IBM, Broadcom Inc, SAP SE, Oracle Corporation, Ataccama, SAS Institute Inc.
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Segmental Analysis
Based on Components, the Master Data Management market is segmented into solution and services. Solution segment led the MDM market in 2022 and is predicted to continue leading the market in the years to come because it gives businesses a single source of truth for master data, which helps them make informed decisions, boost operational effectiveness, enhance customer experience, and generate revenue.
Based on enterprise size, the Master Data Management market is segmented into large enterprise and small and medium-sized enterprises.
Based on end user, the Master Data Management market is segmented into BFSI, IT and telecom, healthcare, retail and e-commerce, government, manufacturing, and others
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.
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