With companies in the global master data management market having
realized that acquisitions and partnerships are valuable in cutting
through the noise and fortifying their operations, M&A activity
in this space is expected to heat up, finds Transparency Market
Research (TMR) in a new study. Moreover, with the influence of social
media on big data creeping in, master data management solution
providers will have to ingeniously tackle this challenge before their
competitors can. The larger companies clearly have an edge in this
context thanks to their wide global presence. As a result, TMR’s
report finds that in 2015, Informatica, IBM Corporation, and Oracle
Corporation represented over 35% of the global master data management
market.
Obtain Report
Details @
How the global master data management market shapes up in the next
few years will be decided by the extent of innovation displayed by
companies in creating hybrid solutions – especially in the backdrop
of a clear shift toward multi-domain MDM, says TMR. According to TMR,
the global master data management market will rise to US$37.97 bn by
2024, up from US$4.35 bn in 2015. This translates to a 27.25% CAGR
from 2016 to 2024.
Unstoppable Data
Generation Throws up Both Opportunity and Challenge for Companies in
MDM Market
“As organizations worldwide contend with massive volumes of data
and find ways to make sense of it all, many will look at master data
management software for an answer. The increasingly data-driven
nature of operations across virtually every industry sector will thus
drive many to invest in MDM solutions,” notes a TMR analyst.
As such, with an increase in the overall IT spending globally, the
master data management market is expected to rake in a healthy share
of the pie. With the risk and liabilities associated with incorrect
data processing having great economic implications, the future of the
global MDM market looks bright.
However, companies, on their part, have to invest both time and
talent in spotting challenges that are unique to each industry and
formulate MDM solutions to cater to disparate needs. This capability
will decide how efficiently companies are able to establish their
superiority in the market.
Shift Toward
Multi-domain MDM Solutions Will Create Ripples in the Global Market
Basis component, the report segments the master management market
into software and services. While software is further sub-segmented
into on-cloud and on-premise software deployment, the services
segment is split into consulting, operations and maintenance
services, and system integration. The demand for on-cloud deployment
of MDM solutions is on pace to show promising growth during the
report’s forecast period.
Likewise, the report segments the master data management market on
the basis of solutions into: Product data, multi-domain, and customer
data MDM. Of these, the multi-domain MDM segment had a valuation of
nearly US$3.5 bn in 2015, making it the largest segment in terms of
revenue. Organizations are increasingly investing in MDM software can
manage multiple master data domains. This sentiment will drive
investments in MDM products and have a far reaching impact on the
overall performance of the MDM market as a whole.
Fill the form for
an exclusive sample of this report @
By component, the software segment stood at US$2.1 bn in 2015.
However, the fastest CAGR will be reported by the services segment at
27.76% between 2015 and 2024.
By application across industries, the key segments of the master data
management market are government, IT and telecommunications, BFSI,
energy and utility, health care, manufacturing, retail,
transportation and logistics, and others. Of these, the BFSI segment
spent nearly US$890.9 mn on master data management in 2015. However,
IT and telecommunications is projected to be fastest-growing segment
through the report’s forecast period with a 27.56% CAGR.
About Us :
Transparency Market Research (TMR) is a market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants,
use proprietary data sources and various tools and techniques to
gather, and analyze information. Our business offerings represent the
latest and the most reliable information indispensable for businesses
to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such
as pharmaceuticals, chemicals, energy, food & beverages,
semiconductors, med-devices, consumer goods and technology. These
reports provide in-depth analysis and deep segmentation to possible
micro levels. With wider scope and stratified research methodology,
TMR’s syndicated reports strive to provide clients to serve their
overall research requirement.
No comments:
Post a Comment