Master Data Management Market to reach USD 57.7 billion by 2025.
Master Data Management Market valued approximately USD 12.69 billion in 2017 is anticipated to grow with a healthy growth rate of more than 20.85% over the forecast period 2018-2025. With the surge in accessibility to ubiquitously gain access to one’s organizational master data, the small and medium sized businesses (SMBs) and large enterprises are extensively adopting master data management solutions to harmonize, prioritize, synchronize and standardize their business processes, and augment collaboration.
The regional analysis of Master Data Management Market is considered for the key regions
- North America
- Asia Pacific
- Latin America
- Rest of the World
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In region such as Asia-Pacific, Middle-East and Africa, rise in usage of passenger vehicles set the growth in Master Data Management Market over the forecasted period 2018-2025. Asia-Pacific is estimated to hold a prominent share of the Master Data Management market. Developing countries, such as India and China, are significant players boosting the demand for the Master Data Management Market. Europe, North America and the Middle East and Africa are continuously witnessing infrastructural growth which fueling the demand of Master Data Management Market over the coming years. Asia Pacific region is contributing towards the growth of global Master Data Management Market and anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
Further, the presence of an efficient master data management solution within the organization facilitates them to streamline their business processes. This is accomplished through competent master data management applications which provide channelization of their product portrayal data, fortify their customer interactions, accurately manage vendor accounts, enable customized view of their site data, and accountancy for their asset data. Likewise, the master data management services which include consulting, implementation, and training and support are largely provided by the master data management service vendors to help users maintain their deployed master data management software applications. Currently, multi-domain master data applications enabled with cross-data domain features are widely being considered for facilitating transactional and non-transactional data flow across organizations. Further, besides providing users with an enhanced experience, master data management has also leveraged the stakeholders to retain their privileged customers, allure new clients, and enhance business value for its users.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape scenario and product offerings of key players profiled in this report.
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The detailed segments and sub-segment of the market are explained below:
- Supplier Data
- Product Data
- Customer data
By End User:
- IT and Telecom
The leading Market players mainly include-
- SAP AG
- SAS Institute, Inc.
- IBM Corporation
- Oracle Corporation
- Tibco Software, Inc.
- Informatica Corporation
- Teradata Corporation
- Orchestra Networks
- Riversand Technologies, Inc.
Target Audience of the Master Data Management Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
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