Press release
Data Governance Market Deep Research Report with Forecast by 2032 | Collibra, Informatica, IBM Corporation, Talend
Data Governance Market
The Data Governance Market is Valued USD 3.5 billion in 2024 and projected to reach USD 19.6 billion by 2032, growing at a CAGR of 21.7% During the Forecast period of 2024-2032.
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Data Governance Market Growth Factors:
The market is experiencing a notable surge primarily due to a remarkable increase in the volume of big data due to the rapid digitization of businesses and the global economy. With the shift toward digital operations, organizations are generating and collecting vast amounts of data, including customer information, financial transactions, operational metrics, and others. In particular, industries, such as e-commerce, entertainment, finance, healthcare, and manufacturing are witnessing an explosion in data production. This growth can be attributed to the increased remote work and greater home entertainment use during this period. The growing importance of data analytics for gaining insights, optimizing operations, and making informed decisions has led to a substantial increase in the volume of data collected, thereby boosting the demand for governance solutions.
Major Players in Data Governance Markets are:
Collibra, Informatica, IBM Corporation, Talend, SAS Institute Inc., SAP SE, TIBCO Software Inc., Alation Inc., Ataccama Corporation, Varonis Systems, Inc., TopQuadrant, Amazon Web Services, Inc., Micro Focus, MuleSoft, LLC, Veritas Technologies LLC, and Others.
Industry News:
February 2024: Digital Glyde partnered with Decube to transform the data landscape and ensure the quality of AI initiatives. The partnership offers improved observability and data governance, driving businesses to unlock opportunities in their AI investments.
February 2024: Perforce acquired Delphix to add the Enterprise Data Management Software to its DevOps offerings. The platform enables governance, scalable automation, and compliance of data across enterprises throughout the application lifecycle.
February 2024: Securiti launched its AI Security and Governance solution, marking its entry in the AI governance space. The tool provides customers with a combination of AI risk ratings, AI model discovery, AI tool mapping, organizational data, and AI security & privacy controls.
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Global Data Governance Market Segmentation:
By Component
Solutions
Services
By Deployment Mode
On-Premises
Cloud
By Organization Size
SMEs
Large Enterprises
By Function
Compliance Management
Incident Management
Data Quality Management
Risk Management
Security & Privacy Management
Audit Management
Others
By Vertical
BFSI
Healthcare & Life Sciences
Retail & Consumer Goods
IT & Telecom
Manufacturing
Government & Public Sector
Energy & Utilities
Others
The following areas and countries are covered in the worldwide Data Governance Market file:
North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)
North America accounted for the largest market share and is estimated to grow at a CAGR of 20.4% during the forecast period. The market for data governance in North America is driven by strict regulations regarding data privacy and management. For instance, the California Consumer Privacy Act is a piece of consumer privacy legislation passed in California on June 28th, 2018. The CCPA affects businesses that engage with California residents as well as those that are based there. It affects businesses both inside and outside of the United States. This regulation was driven by the incident of Facebook's data misuse.
Detailed industry forecast-Brief Introduction to the research report:
Additional information on company participants
Customized reports and analyst assistance are available upon request.
Recent market developments and potential future growth opportunities
Personalized regional/country reports upon request
New data sources are being integrated.
Increased focus on data privacy and security
Increased collaboration and co-creation
Know more about this report:
https://www.marketdigits.com/data-governance-market
Key Features of the Data Governance Market Report: -
Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.
Examine the market opportunities for stakeholders by identifying higher growth sections.
To study and analyze the global Data Governance Market industry status and forecast including key regions.
An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.
It helps you make strategic business decisions and investment plans.
Finally, Data Governance Market is a valuable source of guidance for individuals and companies.
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