In a recent published report, Kenneth Research has updated the market report for Enterprise Metadata Management Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
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U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Enterprise Metadata Management Market products.
The Enterprise Metadata Management Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.
Synopsis of Enterprise Metadata Management Market:
Market Scenario:
Factors such as increasing importance for data governance by organizations across various end-user verticals is the key factor that contributes in the growth of global enterprise metadata management market. Metadata is defined as the structured set of information set that describes, clarifies, and locates the other set of information.
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Technology giants such as Adaptive (U.S.), ASG Technologies (U.S.), Cambridge Semantics (U.S.), CentricMinds (VIC), Collibra (U.S.), Data Advantage Group (U.S.), IBM (U.S.), Informatica (U.S.), Oracle (U.S.), SAP SE (Germany), Adaptive, being a prominent player in the enterprises metadata management market. The company has designed an adaptive metadata manager data governance tool to enable organizations and institute data policies and lets users access, manage and analyze important data assets. Cambridge Semantics a key player in enterprise metadata management market, the company offers data management solutions for departmental as well as enterprise-wide needs. Anzo-based solutions provide greater business agility, faster time-to-market and trustworthy data by keeping data relationships and lineage. These solutions use a common conceptual business model to manage data.
The factors driving the growth of the enterprise metadata management market is the growing significance for data governance and data standardization by organizations across various industries in the global enterprise metadata management market. Other aspects such as the lack of understanding about the potential benefits of enterprise metadata management solutions and technological challenges in metadata storage are most likely to hinder the progress of global enterprise metadata management market.The global enterprise metadata management market is expected to grow at a CAGR of approximately 24% during the forecast period 2017-2023.
Key Players:
Some of the prominent players in the global enterprise metadata management market: Adaptive (U.S.), ASG Technologies (U.S.), Cambridge Semantics (U.S.), CentricMinds (VIC), Collibra (U.S.), Data Advantage Group (U.S.), IBM (U.S.), Informatica (U.S.), and Oracle (U.S.). SAP SE (Germany), Talend (U.S.), TopQuadrant (North Carolina), Alation (U.S.), AWS (U.S.), Datum LLC (U.S.), Infogix (U.S.), Mulesoft (U.S.), Global IDs (U.S.), Smartlogic (U.S.), Idera (U.S.), erwin Inc. (U.S.), Information Builders (U.S.), Orchestra Networks (France), Trillium Software (U.S.), and Varonics Systems (U.S.) are among others.
Segments:
The global enterprise metadata management market is segmented by services, application, metadata type, deployment model and end-user. By service segment, the market consists of professional and managed services. The professional services further sub-segmented into support and maintenance, consulting, education and training. By deployment, the market is segmented into cloud and on-premise. By application segment, the market consists of governance and compliance management, risk management product and process management, incident management and others. By metadata type, the segment consists of business metadata, technical metadata and operational metadata. By end-user segment the market is segmented into BFSI, telecommunications and IT, retail & wholesales, healthcare and life science, energy and utilities, media and entertainment, hospitality and others.
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Regional Analysis:
The global enterprise metadata management market is studied for Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North America accounts for largest share in the global enterprise metadata management market. Owing to technological advancement, well-established IT infrastructure, adoption of advanced technology across numerous industries. Also, the presence of prominent players specialized in metadata management in the region and growing demand for collaborative business environment. Asia Pacific is expected to be fastest growing owing to the presence of small and medium enterprises that mostly adopt cloud-based applications. Other factors such as expansion of enterprise and continuous adaptation to business intelligence and analytics solutions by organizations, drive the market growth.
Intended Audience
Service providers and distributors
enterprise metadata management application builders
Independent Software Vendors (ISVs)
Analytics consulting companies
Enterprises
End-users
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