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Enterprise Metadata Management Market Growth Accelerates: Strategic Forecast Predicts $23.12 Billion by 2029
Enterprise Metadata Management Market
What Will the Enterprise Metadata Management Industry Market Size Be by 2025?
In recent years, the size of the enterprise metadata management market has seen exponential growth. The projection suggests that the market size will increase from $8.81 billion in 2024 to $10.71 billion in 2025, representing a compound annual growth rate (CAGR) of 21.5%. The growth seen in the historical period can be ascribed to the demands for regulatory compliance, issues in data integration, digital transformation drives, initiatives in master data management (MDM), and the development of data governance programs.
What's the Long-Term Growth Forecast for the Enterprise Metadata Management Market Size Through 2029?
The market size for enterprise metadata management is forecasted to experience significant expansion in the coming years. The projected growth is expected to reach $23.12 billion in 2029, with a compound annual growth rate (CAGR) of 21.2%. Factors contributing to this growth during the forecast period include real-time metadata processing, improved data privacy and security, data fabric solutions, expanded data catalogs, and the influence of quantum computing. Key trends during this forecast period encompass the integration of hyper-automation technologies, the adoption of data mesh, semantic metadata integration, privacy-protecting metadata management, and dataOps with metadata.
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What Are the Key Growth Drivers Fueling the Enterprise Metadata Management Market Expansion?
The swift expansion of data within a company is expected to boost the growth of the enterprise metadata management market. This data growth can be defined as the drastic increase in digital data created, kept, and processed over time. The surge in data expansion stems from broader internet usage, initiatives for digital transformation, and pervasive digitization. By providing supervision and control, enterprise metadata management effectively addresses frequent changes in complex enterprise data environments. For instance, in December 2022, reports from the Soda Foundation, an American non-profit organization, indicated that the maximum amount of data storage for an average end-user organization had touched 25 TB. Additionally, annual data growth rocketed from 700 TB in 2021 to 2,208 TB in 2022. As a result, the swift expansion of data within a company fuels the growth of the enterprise metadata management market.
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What Are the Key Trends Driving Enterprise Metadata Management Market Growth?
Established companies in the enterprise metadata management market, such as ENP Technologies, are prioritizing the development of blockchain technology like UNIIEQ to enhance the arrangement, transparency, and quality of equipment metadata. UNIIEQ is a fully distributed, transparent master data management platform that utilizes blockchain technology to offer businesses a simpler way to refine their equipment metadata's arrangement and continuity. For instance, in September 2023, ENP Technologies, an IT service provider located in the US, unveiled UNIIEQ fortified by blockchain technology as a clear, decentralized platform for master data management. Their shared aim is to make the organization and flow of equipment metadata more efficient. The UNIIEQ Pilot Program is aimed at manufacturers and suppliers to make full use of the operational potential.
How Is the Enterprise Metadata Management Market Segmented?
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
Subsegments:
1) By Tools: Metadata Discovery Tools, Metadata Repository Management Tools, Metadata Integration Tools, Metadata Governance Tools, Data Lineage Tools, Data Quality Management Tools, Data Mapping And Transformation Tools, Business Glossary Tools, Data Classification Tools, Metadata Security Tools
2) By Services: Consulting Services, Implementation And Integration Services, Customization And Configuration Services, Training And Support Services, Managed Services, Metadata Governance Services, Data Governance And Compliance Advisory, System Upgrades And Maintenance Services, Cloud Migration And Data Management Services, Metadata Auditing And Compliance Services
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Which Companies Are Leading the Charge in Enterprise Metadata Management Market Innovation?
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
Which Regions Are Leading the Global Enterprise Metadata Management Market in Revenue?
North America was the largest region in the enterprise metadata management market in 2024. 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.
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