Press release
Enterprise Metadata Management Market New Trends, Growth Opportunities, Top Players And Forecast To 2033
Enterprise Metadata Management Market Overview
Enterprise Metadata Management Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $19.07 Bn In 2028 At A CAGR Of 21.3% :
The enterprise metadata management market size has grown exponentially in recent years. It will grow from $7.29 billion in 2023 to $8.81 billion in 2024 at a compound annual growth rate (CAGR) of 21.0%. The growth in the historic period can be attributed to regulatory compliance requirements, data integration challenges, digital transformation initiatives, master data management (MDM) projects, data governance programs.
The enterprise metadata management market size is expected to see exponential growth in the next few years. It will grow to $19.07 billion in 2028 at a compound annual growth rate (CAGR) of 21.3%. The growth in the forecast period can be attributed to real-time metadata processing, enhanced data privacy and security, data fabric solutions, augmented data catalogs, quantum computing impact. Major trends in the forecast period include Integrating hyper-automation technologies, data mesh adoption, semantic metadata integration, privacy-preserving metadata management, dataOps and metadata.
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Enterprise Metadata Management Market Major Segments
The enterprise metadata management market covered in this report is segmented -
1) By Component: Tools, Services
2) By Deployment Type: On-Premise, Cloud
3) By Metadata Type: Business Metadata, Technical Metadata, Operational Metadata
4)By Application: Governance and compliance management, Risk management, Product and process management, Incident management, Other Applications
5) By End-Use: Banking, Financial Services, and Insurance, Telecommunication And IT, Retail And e-commerce, Healthcare And Lifesciences, Manufacturing, Government And Defense, Energy And Utilities, Media And Entertainment, Other End -Users
Key Driver - The Impact Of Rapid Data Growth On The Enterprise Metadata Management Market
The rapid data growth within an organization is expected to propel the growth of the enterprise metadata management market going forward. Data growth is the exponential increase in digital information generated, stored, and processed over time. The increase in data growth is attributed to expanding internet usage, digital transformation initiatives, and widespread digitization. Enterprise metadata management offers the oversight and control to effectively handle the changes frequently encountered in intricate enterprise data ecosystems. For instance, in December 2022, according to reports published by the Soda Foundation, a US-based non-profit organization, for the average end-user organization, the upper limit of data storage reached 25 TB, with annual data growth soaring from 700 TB in 2021 to 2,208 TB in 2022. Therefore, rapid data growth within an organization drives the growth of the enterprise metadata management market.
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Prominent Trend - Technological Advancements To Offer Transparency
Major companies operating in the enterprise metadata management market are focusing on developing blockchain technology, such as UNIIEQ, to improve equipment metadata's organization, flow, and quality. UNIIEQ is a master data management platform that operates transparently and is decentralized. It utilizes blockchain technology to provide businesses with a simple means of improving the organization, flow, and quality of equipment metadata. For instance, in September 2023, ENP Technologies, a US-based information technology (IT) service provider, launched UNIIEQ, a transparent and decentralized master data management platform fortified by blockchain technology. It aims to streamline equipment metadata organization and flow. UNIIEQ's Pilot Program targets manufacturers and suppliers to maximize operational potential.
Enterprise Metadata Management Market Players
Major companies operating in the enterprise metadata management market are International Business Machines Corporation, Oracle Corporation, SAP SE, Informatica LLC, Varonis Systems Inc., ASG Technologies Group Inc., MuleSoft LLC, Talend SA, Idera Inc, Collibra NV, Alation Technologies Inc., Erwin Inc., Global IDs Incorporation, Smartlogic Semaphore Inc., Alex Solutions Pty Ltd, TopQuadrant Inc, CentricMinds Pty Ltd, Data Advantage Group LLC, Trillium Software Inc., Information Builders Inc., Datum LLC, Adaptive Insights LLC , Amazon Web Services Inc, Infogix Inc, Orchestra Networks SA
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Largest And Fastest Growing Region In The Market
North America was the largest region in the enterprise metadata management market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise metadata management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Enterprise Metadata Management Market Report Structure
3. Enterprise Metadata Management Market Trends And Strategies
4. Enterprise Metadata Management Market - Macro Economic Scenario
5. Enterprise Metadata Management Market Size And Growth
…..
27. Enterprise Metadata Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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