Enterprise Data Management Market Emerging Opportunities, Company Profile and Industry Segments Poised for Strong Growth in Future 2023
(firmenpresse) - Market Highlights
The market for Enterprise Data Management is observing a tremendous growth due to the surge in the demand for risk management solutions and rising need for on-time authentic information. These factors are anticipated to cumulatively drive the growth of enterprise data management market over the assessment period.
The enterprise data management market 2020 can touch a valuation close to USD 146 billion by the year 2023, asserts Market Research Future (MRFR). MRFR also confirms that the market expansion can occur at a rate of 12% over the review period, which is between 2017 and 2023.
At the same time, enterprise data management market is gaining prominence with the amplified need for managing voluminous data generated in an organization daily. The necessity for framing data strategy to gain competitive and strategic advantage is primarily driving the enterprise data management market. Apart from this, the amount of data generated and handled by organizations which they can use for various advantages is rising at a tremendous rate and thus placing data management high on agendas are also to drive the market over the forecast period.
On the flip side, the factors such as data address validation issues, quality of data, and data silos are studied as restraining elements that could hinder the growth of the market in its progression period. Yet, on the same parameter, the growing adoption of enterprise data management by many companies, across the world is creating immense opportunities for the growth of the market. Moreover, the production of Big Data technology is therefore anticipated to assist the EDM market remarkably to grow during the forecast period.
Key Players
Marvel companies such as MongoDB (U.S.), Symantec Corporation (U.S.), SAP SE (Germany), IBM Corporation (U.S.), Talend (U.S.), Goldensource (U.S.), Jade Global (U.S.), Mulesoft (U.S.), Oracle Corporation (U.S.), Intel Security (U.S.), Teradata Corporation (U.S.), Accenture (Ireland), SAS Institute Inc. (U.S.), Mindtree (India), Solix technologies Inc. (U.S.), Cognizant (U.S.), Liasion Technologies (Sweden), and Primitive Logic (U.S.) are involved in providing enterprise data management solutions and making the market to grow considerably.
Regional Outlook
Geologically, the enterprise data management market has been studies under the key regions namely Europe, North America, Pacific, Asia, and the Rest of the World.
Among these, North America is reputed to have momentous growth in the enterprise data management market. Countries like the United States and Canada are leading the markets of the region. Therefore, the growth of the market in this region is due to high-level expertise included in the cloud deployment of enterprise data management.
On the same part, Asia Pacific region is also observed to be the fastest growing region in the enterprise data management market over the assessment period. The countries like India, Japan, South Korea, and China are the leading countries in the region as the growth of the market is attributed to rising investment to boost the IT sector.
Europe region is anticipated to observe a substantial growth in the market in support of robust technological infrastructure.
Segmentation:
The enterprise data management market has been differentiated with respect to component, deployment, organization size, as well as end-user.
The market components are solutions as well as services. Data management software can achieve the highest growth in the coming years, since it helps enhance the quality as well as business continuity.
The types of organizations that use data management services are large enterprise as well as small & medium enterprise.
With respect to deployment, the market segments are on-cloud along with on-premises.
The main end-users in the enterprise data management market include transportation & logistics, energy & power, healthcare, BFSI, manufacturing, government, IT & telecom, and more. With the help of enterprise data management solutions, the banking industry is able to efficiently handle the data, while ensuring the consistency of data. Further, the BFSI sector is able to adhere to all the regulatory imperatives, and use predictive models for customer and risk analytics.
Industry News
October 2019:
Acronis moves squarely to the edge to take more enterprise data management business forward for the future opportunities.
Stardog, the leading enterprise data unification platform, announced about its execution of a Series B round, securing $9 million in financing which is led by Tenfore Holdings with participation from Grotech Ventures, Boulder Ventures, and Core Capital.
Browse Complete Report (at) https://www.marketresearchfuture.com/reports/enterprise-data-management-market-5863
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Datum: 29.07.2020 - 12:46 Uhr
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