In a recent published report, Kenneth Research has updated the market report for Enterprise Data 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.
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 Data Management Market products.
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The Enterprise Data 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.
Enterprise Data Management is the capability of the businesses to identify, develop, integrate, and manage the data of the entire enterprise workflow, applications, and entities which require precise and accurate data delivery. In other words, the enterprise data management refers to manage the data which ensure compliance and governance features such as data quality, security and many more. Additionally, enterprise data management helps to integrate the data to enable master data management (MDM). The MDM is a method used to consistently define manage, and control the critical data of an enterprise to offer a single point of reference.
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Companies such as Oracle Corporation (U.S.), Mulesoft (U.S.), Accenture (Ireland), SAP SE (Germany), IBM Corporation (U.S.), Talend (U.S.), Symantec Corporation (U.S.), SAS Institute Inc. (U.S.), Intel Security (U.S.), Teradata Corporation (U.S.), Cognizant (U.S.), MongoDB (U.S.), Mindtree (India), Jade Global (U.S.), Goldensource (U.S.), Solix technologies Inc. (U.S.), Liasion Technologies (Sweden), and Primitive Logic (U.S.) are involved in providing enterprise data management solutions.The surge in demand for risk management solutions and rising need for on-time authentic information are expected to cumulatively drive the growth of enterprise data management market over the forecast period.The global Enterprise Data Management Market is expected to reach approximately USD 146 billion by 2023 growing with 12% CAGR over the forecast period 2017-2023.
Key Players
Some of the key players of Enterprise Data Management Market include Oracle Corporation (U.S.), Mulesoft (U.S.), Accenture (Ireland), SAP SE (Germany), IBM Corporation (U.S.), Talend (U.S.), Symantec Corporation (U.S.), SAS Institute Inc. (U.S.), Intel Security (U.S.), Teradata Corporation (U.S.), Cognizant (U.S.), MongoDB (U.S.), Mindtree (India), Jade Global (U.S.), Goldensource (U.S.), Solix technologies Inc. (U.S.), Liasion Technologies (Sweden), and Primitive Logic (U.S.).
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Segmentation
The enterprise data management market is broadly categorized by component, deployment, organization size, and end-user.By component, the enterprise data management market is sub-segmented as solutions and services. On the basis of services, the market is sub-segmented into professional services and managed services. The professional services are further segregated into consulting services, implementing & integrating services, and training & support services. The solutions are segregated as data integration, data warehousing, data processing, data governance, data synchronization, data security, data quality, and others.
On the basis of organization type, the market is segregated into large enterprise and small & medium enterprise.Furthermore, on the basis of deployment, the market is sub-divided into on-cloud and on-premises.By end-user, the market is sub-divided into IT & telecom, BFSI, manufacturing, energy & power, healthcare, transportation & logistics, government, and others.
Regional Analysis
Geographically, the enterprise data management market is segmented into four different regions namely North America, Asia Pacific, Europe, and the Rest of the World.
North America is presumed to have significant growth in the enterprise data management market. The United States and Canada are leading the markets of the region. The growth is due to high-level expertise in the cloud deployment of enterprise data management. Asia Pacific is also anticipated to be the fastest growing region in the enterprise data management market over the forecast period. India, Japan, South Korea, and China are the leading countries in the region. This is attributed to increased investment to boost the IT sector. Furthermore, Europe is expected to have a substantial growth in the market owing to robust technological infrastructure.
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Target Audience
Enterprise Data Management tool providers
Enterprise Data Management service providers
Application developers
System integrators
Resellers
Managed service providers
Cybersecurity consulting firms
Government agencies
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