Press release
Global Data Governance Market to Reach USD 21.4 Billion by 2033, Driven by Compliance, Security, and Data Quality Needs
Data Governance Market
As organizations generate more data from a variety of sources, the need to manage, protect, and use this information effectively has become essential. Data volumes are projected to reach 180 zettabytes by 2025-three times more than in 2020-further increasing the demand for robust governance solutions.
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Why Data Governance Matters
Data governance frameworks help companies ensure their data is accurate, consistent, secure, and compliant with regulations. These systems allow businesses to create clear policies and procedures, ensuring that only authorized users have access to data and that privacy requirements are met.
The 2024 State of Data Security Report by Immuta found that 88% of data leaders expect security to be an even higher priority by 2025, surpassing even artificial intelligence in importance. With growing threats such as data breaches and privacy violations, companies are prioritizing investments in governance solutions to safeguard valuable information and maintain customer trust.
Growth Drivers
Regulatory Compliance and Privacy Protection
Laws such as Europe's General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) are prompting organizations to strengthen their data handling practices. Non-compliance can result in heavy fines and reputational damage. As a result, businesses are adopting governance systems to track, manage, and protect customer data while maintaining transparency.
A Komprise survey shows that 68% of enterprises spend nearly 30% of their IT budget on data storage, management, and protection-highlighting the financial commitment to keeping data secure and compliant.
Data Security and Risk Management
Rising consumer privacy concerns have put companies under greater scrutiny for how they collect and use personal data. Breaches of trust can result in significant business losses. By implementing effective governance strategies, organizations can protect sensitive information and reduce the risk of data misuse.
Data Quality and Business Insights
The shift toward data-driven strategies means businesses need reliable and high-quality data for decision-making. Governance solutions help improve data consistency, enabling organizations to make better, faster business choices.
Challenges to Growth
Despite its benefits, the market faces hurdles. The growing use of cloud, multi-cloud, and hybrid systems has made data management more complex. Data is often stored across different platforms and in multiple formats, each with its own security and compliance standards. Integrating these diverse sources while maintaining accuracy and security is resource-intensive and requires specialized expertise.
Market Segments
The market is divided into Solutions and Services:
Solutions: This segment held the largest market share in 2024. These platforms provide comprehensive tools for managing data across multiple systems, ensuring compliance, and reducing risks. Automated, scalable solutions are becoming the preferred choice for businesses seeking efficiency.
Services: Expected to be the fastest-growing segment, services include consulting, deployment, integration, and ongoing support. As data environments grow more complex, organizations are turning to experts to set up and maintain governance frameworks.
Key Trends
Growing adoption of cloud computing, big data analytics, and AI is increasing the need for strong governance systems to maintain data integrity.
Businesses are shifting toward proactive risk management and privacy protection rather than reacting to incidents after they occur.
Investments in professional services are on the rise, as companies seek expert guidance to meet regulatory requirements and improve data quality.
Some of the key companies in the global Data Governance market include:
IBM, Oracle, SAP, SAS, Collibra, Informatica, Talend, TopQuadrant, Information Builders, Alation, TIBCO, Varonis, Erwin
Browse The Full Data Governance Market Report Description, Along With The Tocs And List Of Facts And Figures @ https://www.emergenresearch.com/industry-report/data-governance-market
Data Governance Market Market Segmentation Analysis
Application Outlook (Revenue, USD Billion; 2020-2033)
Incident management
Process management
Compliance management
Risk management
Audit management
Data quality and security management
Others (Network management and Employee performance management)
Component Outlook (Revenue, USD Billion; 2020-2033)
Solutions
Services
Managed services
Professional services
Consulting services
Support and maintenance services
Deployment and Integration Services
Organization Size Outlook (Revenue, USD Billion; 2020-2033)
Small and Medium-Sized Enterprises (SMEs)
Large enterprises
Deployment Model Outlook (Revenue, USD Billion; 2020-2033)
On-premises
Cloud
Industry Vertical Outlook (Revenue, USD Billion; 2020-2033)
Banking, Financial Services, and Insurance (BFSI)
Retail and consumer goods
Government and defense
Healthcare and life sciences
Manufacturing
Telecommunications and IT
Energy and utilities
Construction and engineering
Others (Research, Education, Travel and hospitality, and Real estate)
Regional Outlook (Revenue, USD Billion; 2020-2033)
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Benelux
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
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