Master Data Management Market Projected to Grow at a Steady Pace During 2022-2026
Master Data Management Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2021 to 2026. It also offers accurate overview of the growth strategies, market size, mergers & acquisitions, and upcoming products/services of leading key players in this market.
Market Insights
The report analyses the market thoroughly and collects data in order to offer reliable data to the users. Master Data Management Market is projected to grow from USD 11.5 billion in 2020 to USD 28.4 billion by 2026 at a CAGR of over 16.5% during the forecast period.
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Market Segments' Analysis
Based on deployment, the master data management market has been classified into cloud and on-premises. Under these, the cloud segment held a significant market share in 2020 as it helps lower the total cost of ownership as well as increase data storage capabilities for enterprises across the world.
By region, the Asia Pacific market held a significant market share in 2020 and is projected to grow at a robust CAGR in the coming years. Growing awareness regarding the rise in business productivity, complemented with competently designed MDM solutions provided by vendors in the highly potential regional market.
Top key vendors in the market:
The report mentions a list of key players in the Master Data Management Market. Some of them are mentioned below –
- IBM Corporation (US)
- Tibco Software Inc (US)
- Oracle Corporation (US)
- Teradata Corporation (US)
- Riversand (US)
- SAS Institute (US)
- Informatica (US)
- Talend (US)
- Stibo System (Denmark)
- SAP (Germany).
Key Questions Answered in The Report:
- Which region will show the higher and rapid growth?
- Who are the top key players of the Master Data Management Market?
- How will the market change in the upcoming five years?
- What was the impact of Covid19 on the market?
- Which application/ service/product will take a lion's share of the market?
- What are the market drivers and constraints?
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