Press release
Master Data Management Market - Industrial Analysis, Global Opportunities, End User Industries, Software Study, Demand, Differentiation & Applications, Global Forecast From 2014 to 2025
Master Data Management
Master data comprises confidential and critical business data regarding customers, products, financial transactions, suppliers, and others. Emergence of MDM has enabled enterprises to collate and manage master data and utilize it for data analytics and effective decision making. MDM makes it convenient to use data for different business operations as to boost operational as well as business performance and offer enhanced customer services.
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The master data management market is segmented in terms of applications, end users, deployment models, industries, and geography.
MARKET LANDSCAPE
By Deployment Model
• On-premise
• Cloud-based
By Application
• Supplier Data
• Product Data
• Customer Data
• Others
By Organizational Size
• Small & Medium Enterprises
• Large enterprises
By Industry Vertical
• BFSI
• IT & Telecommunication
• Media & Entertainment
• Healthcare
• Retail
• Manufacturing
• Others
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Spain
o Italy
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific
• LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
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Market Players:
The key industry leaders in the global master data management market International Business Machine Corporation, Tibco Software, SAP AG, SAS Institute Inc, Riversand Technologies, Teradata Corporation, Informatica Corporation, Riversand Technologies Inc, Syncforce, and Talend.
Market Dynamics:
Drivers:
• Rise in need to have installation of centrally located and managed data among business organizations
• Growing requirements for data verification and authenticity
• Strengthening need to have excellent business performance and data quality
• Need of improvised customer management services and higher operational efficiency
Restraints:
• Threat of data breach
• Lack of awareness about the benefits of MDM solutions and services
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