As per the analysis, the global enterprise data management market is anticipated to secure a market value of US$ 208.9 Billion while exhibiting a CAGR of 8.4% during the forecast period. The market is likely to garner US$ 93.5 Billion in 2022.
As per the analysis, the global enterprise data management market is anticipated to secure a market value of US$ 208.9 Billion while exhibiting a CAGR of 8.4% during the forecast period. The market is likely to garner US$ 93.5 Billion in 2022. The growth of the market can be attributed to the growing demand to manage the enormous amount of data being generated on a daily basis by enterprises. In addition, the growing need for on-time delivery and surging demand for data management among organizations are anticipated to strengthen the market in the forecast period.
In addition, growing inclination of organizations towards data integration is anticipated to fuel the demand for enterprise data management in the forecast period. Organizations are adopting various data integration tools that would enhance digital transformation. Furthermore, emergence of Industrial Internet of Things (IIoT) is likely to benefit the industry in the assessment period.
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According to Analytics Insight Report 2020, with the rising popularity of IIoT, the demand for data integration has increased considerably. On the contrary, increasing concerns about data security is likely to hamper the market growth in the forecast period. However, rising demand for risk management and software among organizations is expected to act as a significant counter to the impeding cause, and expand the market reach.
Key Takeaways from the Market Study
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Competitive Analysis
Key players in the global enterprise data management market include SAS Institute Inc., IBM Corporation, Oracle Corporation, Teradata Corporation, and SAP SE, among others. Recent developments in the industry are:
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Future Market Insights, in its new offering, presents an unbiased analysis of the global enterprise data management market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
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Key Segments Profiled in the Enterprise Data Management Industry Report
Enterprise Data Management Market by Component:
Enterprise Data Management Market by Deployment Mode:
Enterprise Data Management Market by Organization Size:
Enterprise Data Management Market by Industrial Vertical:
Enterprise Data Management Market by Region:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Feb 02, 2023