Press release
Global Metadata Management Tools Market to Reach $29.34 Billion by 2029, Growing at 21.7% CAGR
Global Metadata Management Tools Market
The escalating threats in cybersecurity are anticipated to stimulate the advancement of the metadata management tools market. Cybersecurity threats showcasing harmful activities or risks are aimed at computer systems, networks, and data, thereby endangering their confidentiality, integrity, and availability. The rise in such threats can be attributed to increased digitalization, the necessity for cybersecurity consciousness, and a dearth of skilled professionals. Metadata management tools allow organizations to categorize, tag and defend sensitive data by offering access controls, encryption, and masking capabilities driven by metadata. These tools aid organizations in enforcing data protection and meeting privacy compliance requirements, thereby strengthening their cybersecurity position and reducing the risk of data breaches and regulatory non-compliance. For example, a report by the Cyber Security Centre in November 2022, an Australia-based governmental agency for cybersecurity, stated that in 2022 they received 76,000 reports of cybercrime, which is a 13% hike from 2021. Consequently, the burgeoning threats in cybersecurity are contributing to the expansion of the metadata management tools market.
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What Is the projected market size and growth rate for the metadata management tools market?
The market size for metadata management tools has seen exponential growth in the past few years. The market is projected to expand from $10.97 billion in 2024 to $13.38 billion in 2025, with a compound annual growth rate (CAGR) of 22.0%. The reason for such growth in the past can be traced back to various factors such as the surge in data proliferation, the complexity of data integration, the demand for analytics and BI, master data management (MDM), and the enhancement of data quality.
The market size for metadata management tools is predicted to experience a significant surge in the upcoming years, with an expected valuation of $29.34 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 21.7%. Factors contributing to this projected growth for the forecasted period include concerns regarding data privacy and ethics, IoT data management, data democratization, edge computing, and escalating threats to cybersecurity. Key trends in the forecast period involve data lineage automation, semantic metadata enrichment, metadata fabric solutions, integrated metadata intelligence, and quantum-safe metadata security.
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What new trends are reshaping the metadata management tools market and its opportunities?
Major firms in the metadata management tools market are focused on creating more advanced solutions, like cloud-based metadata management systems, to obtain a competitive advantage. These systems provide a comprehensive platform for recording the digital details and context of R&D data, enhancing collaborative efforts within teams, and expediting product-related decisions. In December 2023, a prominent example of this was showcased by U.S. software company, Rescale Inc., who unveiled their own Rescale metadata management frameworks. These frameworks promote simulation data management initiatives utilizing a user-focused strategy for data collection and management. Equipped with these systems, businesses can smoothly, flexibly, and automatically capture simulations, enabling effective management of their engineering knowledge.
What major market segments define the scope and growth of the metadata management tools market?
The metadata management tools market covered in this report is segmented -
1) By Type: Business Metadata, Technical Metadata, Operational Metadata
2) By Deployment: Cloud, On-Premise
3) By Application: Data Governance, Risk And Compliance Management, Incident Management, Product And Process Management, Other Applications
4) By End-User: Banking, Financial Services, And Insurance (BFSI), Retail And Consumer Goods, Government, Information Technology (IT) And Telecommunications, Healthcare And Life Sciences, Media And Entertainment, Transportation And Logistics, Other End-Users
Subsegments:
1) By Business Metadata: Business Glossaries, Data Lineage, Data Dictionary, Metadata Repository For Business Terms, Business Rules
2) By Technical Metadata: Data Models, Database Schemas, Data Structures, Data Transformation Rules, Code And Script Repositories, Data Integration Pipelines
3) By Operational Metadata: Data Quality Metrics, Data Processing Logs, Data Workflow, Data Movement And Tracking, Auditing And Compliance Data
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Which region dominates the metadata management tools market?
North America was the largest region in the metadata management tools market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the metadata management tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Which key market leaders are driving the metadata management tools industry growth?
Major companies operating in the metadata management tools market are Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, Informatica LLC, Alteryx Inc., Progress Software Corporation, ASG Technologies Inc., Talend Inc., Collibra, Alation Inc., Cambridge Semantics, Ataccama, Global IDs Inc., erwin Inc., Alex Solutions Pty Ltd., MANTA Tools Inc., TopQuadrant Inc., CentricMinds, Adaptive Inc., Data Advantage Group Inc., Atlan Pte. Ltd.
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What Is Covered In The Metadata Management Tools Global Market Report?
•Market Size Forecast: Examine the metadata management tools market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the metadata management tools market for a structured understanding.
•Key Players Overview: Analyze major players in the metadata management tools market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the metadata management tools market.
•Segment Contributions: Evaluate how different segments drive overall growth in the metadata management tools market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the metadata management tools market.
•Industry Challenges: Identify potential risks and obstacles affecting the metadata management tools market.
•Competitive Landscape: Review strategic developments in the metadata management tools market, including expansions, agreements, and new product launches.
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