Press release
Soaring Demand Set to Propel Enterprise Metadata Management Market to $21.62 Billion by 2029
Enterprise Metadata Management Market
What Will the Enterprise Metadata Management Industry Market Size Be by 2025?
The market size for enterprise metadata management has experienced significant growth in the recent past. It's projected to escalate from $8.81 billion in 2024 to $10.65 billion in 2025, progressing at a compound annual growth rate (CAGR) of 20.8%. Factors contributing to the increase during the historic period include regulatory compliance necessities, difficulties in data integration, digital transformation endeavours, master data management (MDM) projects, and data governance schemes.
What's the Long-Term Growth Forecast for the Enterprise Metadata Management Market Size Through 2029?
The market size of enterprise metadata management is predicted to experience accelerated expansion in the upcoming years. By 2029, it is anticipated to mature to $21.62 billion, boasting a compound annual growth rate (CAGR) of 19.4%. Factors contributing to this growth during the projection period include real-time metadata processing, improved data privacy and security, data fabric solutions, enhanced data catalogs, and the effect of quantum computing. The forecast period will also see major trends like the integration of hyper-automation technologies, the adoption of data mesh, semantic metadata integration, the preservation of privacy in metadata management, and the emergence of dataOps and metadata.
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What Are the Key Growth Drivers Fueling the Enterprise Metadata Management Market Expansion?
The accelerated increase of data within a corporation is set to spur the expansion of the enterprise metadata management market. The surge in data growth is credited to the amplified use of internet, digital transformation efforts, and pervasive digitization. Enterprise metadata management provides the supervision and control necessary to effectively manage the often encountered shifts in complex corporate data environments. For example, a report in December 2022 by the US-based non-profit Soda Foundation showed the maximum data storage for a typical end-user organization reached 25 TB, with annual data growth skyrocketing from 700 TB in 2021 to 2,208 TB in 2022. Hence, the swift escalation of data within a corporation is a key driver for the growth of the enterprise metadata management market.
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What Are the Key Trends Driving Enterprise Metadata Management Market Growth?
Leading firms in the enterprise metadata management sector, such as UNIIEQ, are prioritizing the development of blockchain technology to enhance the structuring, flow, and quality of equipment metadata. UNIIEQ operates as a transparent, decentralized master data management platform leveraging blockchain tech to offer businesses an efficient way to better structure, circulate, and maintain superior quality of equipment metadata. For instance, in September 2023, ENP Technologies, an American IT service firm, introduced UNIIEQ - a clear, decentralized master data management platform underpinned by blockchain technology, aimed at optimizing the organization and flow of equipment metadata. The UNIIEQ Pilot Program is designed to assist manufacturers and suppliers in maximizing operational effectiveness.
How Is the Enterprise Metadata Management Market Segmented?
The enterprise metadata managementmarket 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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