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Soaring Demand Set to Propel Metadata Management Tools Market to $29.34 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shiftsWhat Is the Expected CAGR for the Metadata Management Tools Market Through 2025?
The market size for metadata management tools has seen a rapid expansion in the past few years. The projection is that it will rise from $10.97 billion in 2024 to $13.38 billion in 2025, showcasing a compound annual growth rate (CAGR) of 22.0%. Several factors have contributed to this growth during the historic period, including the increasing spread of data, complexities in data integration, the rising demand for analytics and business intelligence, as well as master data management (MDM) and the enhancement of data quality.
What's the Projected Size of the Global Metadata Management Tools Market by 2029?
The market size for metadata management tools is projected to experience a significant surge in the coming years, reaching a value of $29.34 billion in 2029 with a compound annual growth rate (CAGR) of 21.7%. Factors contributing to this growth over the projected period include concerns over data privacy and ethics, management of IoT data, data democratization, the rise in edge computing, and increased risks of cybersecurity threats. Key trends identified during this forecast period comprise data lineage automation, semantic metadata enrichment, metadata fabric solutions, integrated metadata intelligence, and quantum-resistant metadata security.
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Top Growth Drivers in the Metadata Management Tools Industry: What's Accelerating the Market?
The increased threat posed by cybersecurity is predicted to accelerate the expansion of the metadata management tools market. These cybersecurity threats, harmful risks or actions against computer networks, systems and data, threaten confidentiality, integrity, and availability. The rise in digitalization, the importance of cybersecurity awareness, and a deficiency of skilled professionals all contribute to the upsurge in cybersecurity threats. Metadata management tools aid organizations in categorizing, labeling, and safeguarding sensitive data, offering metadata-guided access control, encryption, and masking features. These tools enforce data protection and privacy compliance requirements, assisting organizations in reducing data breaches and regulatory non-compliance risk, and thereby enhancing their cybersecurity stance. For example, the Cyber Security Centre Report in November 2022 highlighted that the reported cybercrime cases in Australia reached 76,000 that year, marking a 13% rise from 2021. Consequently, the escalating cybersecurity threats are propelling the growth of the metadata management tools market.
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What Trends Will Shape the Metadata Management Tools Market Through 2029 and Beyond?
In a bid to achieve a competitive advantage in the metadata management tools market, major businesses are concentrating their efforts on the creation of cutting-edge solutions such as frameworks for metadata management on the cloud. These systems are complete mechanisms for recording the digital narrative and context of R&D data, enhancing teamwork and hastening product decision-making. To illustrate, Rescale Inc., a software firm in the US, rolled out its own cloud-based metadata management frameworks in December 2023. The user-centered design of Rescale's metadata management aids in data management simulation initiatives and governance. This system provides an efficient, flexible, and automated method for capturing simulation, empowering corporations to effectively manage their engineering knowledge.
What Are the Main Segments in 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 Top Companies are Driving Growth in the Metadata Management Tools Market?
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.
Which Regions Will Dominate the Metadata Management Tools Market Through 2029?
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.
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