Master Data Management Market is expected to grow at a CAGR of 16.8% during the forecasted period | Evolve Business Intelligence

As per the study initiated by Evolve Business Intelligence, the global Master Data Management Market size accounted for USD 16.8 billion in 2022, growing at a CAGR of 16.8% from 2023 to 2033. The Master Data Management (MDM) Market involves the strategic management of an organization's critical data to ensure consistency, accuracy, and coherence across various business processes. It includes tools and solutions for creating and maintaining a single, unified version of master data, such as customer information or product details. MDM aims to enhance data quality, streamline operations, and facilitate better decision-making. Key features include data integration, governance, and data lifecycle management. The market is driven by the growing need for organizations to harness accurate and reliable data for improved business insights, compliance, and operational efficiency. Major players offer MDM solutions tailored to diverse industries, fostering data-driven decision-making.
Request/Download PDF Sample: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=021368
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.
Report Description: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=021368
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)

Address
Evolve Business Intelligence
C-218, 2nd floor, M-Cube
Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/

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.

This release was published on openPR.