The Global Data Governance Market was valued at USD 879.25 million in 2016 and is projected to reach USD 5,130.05 million by 2025, growing at a CAGR of 21.65% from 2017 to 2025.
Data governance is the overall management of the availability, usability, integrity and security of data used in an enterprise. Data governance encompasses elements of data use, storage and maintenance, including security issues and the way data flows from one point to another in an overall IT architecture. Benefits of data governance include Ã¢â‚¬â€œ data consistency, improving data quality, data accuracy, improves business planning, improving financial performance, maximizing the use of data to make decisions, maximizing profits for the company.
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1. Market Drivers
1.1 Automation of governance policies
1.2 Need to have regulations and compliances deadlines
1.3 Increasing demand to improve risk management
1.4 Need for tools to increase data access and data convergence
2. Market Restraints
2.1 Issues with categorization of unstructured data
2.2 Rising inconsistency in business semantics
2.3 Changing regulation policies
2.4 Data quality issues and data address validation
The Global Data Governance Market is segmented on the application, component, deployment model, vertical, and region.
1.1 Risk management
1.2 Incident adjustment management
1.3 Network management
1.4 Sales and marketing optimization
1.5 Product and process management
2. By Component:
2.2.1 Managed services
2.2.2 Professional services
126.96.36.199 Support and maintenance services
188.8.131.52 Consulting services
3. By Deployment Mode:
4. By Vertical:
4.2 Government and Defense
4.3 IT and Telecom
4.4 Banking, Financial Services, and Insurance (BFSI)
4.5 Energy and Utilities
4.6 Retail and e-commerce
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. IBM Corporation
3. Tibco Software
6. Varonis Systems
7. SAS Institute
8. Information Builders
9. Orchestra Networks
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Data Governance Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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