Master Data Management Market - Forecast(2024 - 2030)
Master Data Management Market Overview:
Master Data Management (MDM) market
size is forecast to reach $26.4 billion by 2025, after growing at a CAGR of 18%
during 2020-2025. Master data management deals with the information sources
related to product, location, supplier, customer, and asset that drive a
business. The increasing usage of MDM eliminates redundancy and costly
inefficiencies by unreadable stored data. Additionally, it satisfies the need
for businesses to increase the consistency and quality of their key data assets
which include product data, customer data, location data, and asset data. Thus,
the MDM platform plays a vital role in supporting an enterprise data strategy,
as it provides accurate and timely information along with up to date data
definitions. For this, today’s global enterprises and organizations are turning
to MDM to experience improved decision making which solve numerous data
challenges, thereby contributing to the expansion of the cloud-based software
market size.
Report Coverage
The “Master Data Management Market Report – Forecast (2020-2025)”, by IndustryARC,
covers an in-depth analysis of the following segments of the Master Data
Management Market.
Key Takeaways
- The growing popularity of MDM solutions coupled with the increasing usage of data quality tools for effective data management in the BFSI sector, to enhance customer service and optimal management of business risks associated with banks, is likely to aid in the market growth of MDM.
- Increasing adoption of an on-premises deployed software at data center to offer secured and customized data to enterprises, will further increase the market demand for MDM in the near future.
- North America dominates the master data management market owing to the presence of primary MDM solution providers and their investments in varied strategies are attributing to MDM market growth
Deployment - Segment Analysis
The on-premises deployment segment occupied the major share in the master data management market as of 2018. The deployment of MDM software in an on-premise data center is preferred by the enterprises, as it offers total control on the security of enterprise sensitive data, such as product data, enterprise asset details, customer details, and supplier data. This data exists on dedicated servers which has no connection with other business data of the enterprise, thus data is secured. The growing adoption of on-premises deployment mode is evident as it allows enterprises to install highly secured, customized, and complex master data management solutions, which matches the requirements of enterprises. Therefore, all these factors together driving the growth of the on-premises deployment segment in the global MDM market.
End-User Industry - Segment Analysis
Geography - Segment Analysis
North America occupied the largest share of more than 50%
of the global MDM market followed by Europe and APAC. It is majorly due to the
presence of major MDM solution providers such as IBM Corporation, Teradata
Corporation, Oracle Corporation, SAS Institute, Informatica Corporation,
Talend, TIBCO Software, and Riversand along with several start-ups in this
region are providing improved MDM solutions & services to satisfy the
essentials of customers. On the other hand, rising investments in R&D
activities by well-established/ notable economies of this region are empowering the development
of new technologies in the North America master data management market.
Drivers – Master Data Management Industry Outlook
- Growing adoption of MDM especially, by SMEs to integrate critical data into a single point of reference
Increasing usage of data quality tools for effective data management coupled with the rise of strict regulatory compliances within small, medium-sized, and large enterprises are boosting the growth of the MDM market. IT companies and corporate businesses are choosing MDM, a revolutionary method to categorize, organize, and to localize the master data and also to implement improved marketing and operational strategies for specific requirements.
- Advancing technology resulted in more agile and cloud-based MDM that meets changing business needs
The integration of data science, machine learning algorithms, and cloud computing resources further increased the sophistication of MDM. It is resulted in the scaling of operational efficiencies, opportunities and cost savings as well. Moreover, the consumption of MDM by end-users through real-time connectivity results in faster and better decision making related to business. Therefore, business processes are embedded with a micro service that combines the MDM capabilities with systems real-time connectivity to enable flexibility to meet changing business needs.
Challenges – Master Data Management Industry
- Growing concerns regarding data security
The Data security concerns are hampering the growth of
the MDM market. Presently, most organizations are operating using data-driven
business environments, which in turn increases the risk of cyber-attacks,
phishing attacks, and advanced data breaches. Data presence in disparate
systems is increasing the probability of security threats. Thus, isolated data
systems act as a restraint for many organizations as it multiple the threat of
security breaches and hinder the growth of the MDM market.
Market Landscape
Acquisitions, Technology launches, and R&D
activities are key strategies adopted by players to mark their position in the master
data management market share. In 2018, the market of master data management has
been consolidated by the top five players accounting for 30% of the share. IBM
Corporation, Informatica Corporation, Oracle Corporation, Orchestra Networks, SAP
AG, Syncforce, Talend, SAS Institute, TIBCO Software, and Teradata Corporation
are the master data management top 10 companies.
Acquisitions/Technology Launches
- In June 2019, Riversand announces the launch of the new MDM and PIM ready-to-go offering. These pre-packaged offerings are useful for businesses in need of quick deployment with negligible IT intervention. This will stand as a game-changer in MDM and PIM. Furthermore, this suite of offerings of flexible platform attracts the enterprises to adopt this customizable option.
- In December 2018, TIBCO Software Inc. has signed an agreement to acquire Orchestra Networks, a pioneer in data sheet management. This acquisition is intended to expand the operations of connected intelligence platform along with data assets to drive innovations in critical analytical processes.
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1.1 Definitions and Scope
2. Master Data Management Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Master Data Management Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Master Data Management Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Master Data Management Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Master Data Management Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Master Data Management Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
LIST OF TABLES
1.Global Market Analysis By Deployment Market 2023-2030 ($M)1.1 Cloud Market 2023-2030 ($M) - Global Industry Research
1.2 On-Premises Market 2023-2030 ($M) - Global Industry Research
2.Global Market Analysis By Service Type Market 2023-2030 ($M)
2.1 Consulting Market 2023-2030 ($M) - Global Industry Research
2.2 Implementation Market 2023-2030 ($M) - Global Industry Research
2.3 Training & Support Market 2023-2030 ($M) - Global Industry Research
3.Global Market Analysis By User Type Market 2023-2030 ($M)
3.1 SMBS Market 2023-2030 ($M) - Global Industry Research
3.2 Large Enterprises Market 2023-2030 ($M) - Global Industry Research
4.Global Master Data Management Market Analysis By Industry Market 2023-2030 ($M)
4.1 BFSI Market 2023-2030 ($M) - Global Industry Research
4.2 Government Market 2023-2030 ($M) - Global Industry Research
4.3 Retail Market 2023-2030 ($M) - Global Industry Research
4.4 IT & Telecom Market 2023-2030 ($M) - Global Industry Research
4.5 Manufacturing Market 2023-2030 ($M) - Global Industry Research
4.6 Energy & Utilities Market 2023-2030 ($M) - Global Industry Research
4.7 Healthcare Market 2023-2030 ($M) - Global Industry Research
4.8 Transportation & Logistics Market 2023-2030 ($M) - Global Industry Research
4.9 Media & Entertainment Market 2023-2030 ($M) - Global Industry Research
5.Global Market Analysis By Deployment Market 2023-2030 (Volume/Units)
5.1 Cloud Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 On-Premises Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Market Analysis By Service Type Market 2023-2030 (Volume/Units)
6.1 Consulting Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Implementation Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Training & Support Market 2023-2030 (Volume/Units) - Global Industry Research
7.Global Market Analysis By User Type Market 2023-2030 (Volume/Units)
7.1 SMBS Market 2023-2030 (Volume/Units) - Global Industry Research
7.2 Large Enterprises Market 2023-2030 (Volume/Units) - Global Industry Research
8.Global Master Data Management Market Analysis By Industry Market 2023-2030 (Volume/Units)
8.1 BFSI Market 2023-2030 (Volume/Units) - Global Industry Research
8.2 Government Market 2023-2030 (Volume/Units) - Global Industry Research
8.3 Retail Market 2023-2030 (Volume/Units) - Global Industry Research
8.4 IT & Telecom Market 2023-2030 (Volume/Units) - Global Industry Research
8.5 Manufacturing Market 2023-2030 (Volume/Units) - Global Industry Research
8.6 Energy & Utilities Market 2023-2030 (Volume/Units) - Global Industry Research
8.7 Healthcare Market 2023-2030 (Volume/Units) - Global Industry Research
8.8 Transportation & Logistics Market 2023-2030 (Volume/Units) - Global Industry Research
8.9 Media & Entertainment Market 2023-2030 (Volume/Units) - Global Industry Research
9.North America Market Analysis By Deployment Market 2023-2030 ($M)
9.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
9.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
10.North America Market Analysis By Service Type Market 2023-2030 ($M)
10.1 Consulting Market 2023-2030 ($M) - Regional Industry Research
10.2 Implementation Market 2023-2030 ($M) - Regional Industry Research
10.3 Training & Support Market 2023-2030 ($M) - Regional Industry Research
11.North America Market Analysis By User Type Market 2023-2030 ($M)
11.1 SMBS Market 2023-2030 ($M) - Regional Industry Research
11.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
12.North America Master Data Management Market Analysis By Industry Market 2023-2030 ($M)
12.1 BFSI Market 2023-2030 ($M) - Regional Industry Research
12.2 Government Market 2023-2030 ($M) - Regional Industry Research
12.3 Retail Market 2023-2030 ($M) - Regional Industry Research
12.4 IT & Telecom Market 2023-2030 ($M) - Regional Industry Research
12.5 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
12.6 Energy & Utilities Market 2023-2030 ($M) - Regional Industry Research
12.7 Healthcare Market 2023-2030 ($M) - Regional Industry Research
12.8 Transportation & Logistics Market 2023-2030 ($M) - Regional Industry Research
12.9 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
13.South America Market Analysis By Deployment Market 2023-2030 ($M)
13.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
13.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
14.South America Market Analysis By Service Type Market 2023-2030 ($M)
14.1 Consulting Market 2023-2030 ($M) - Regional Industry Research
14.2 Implementation Market 2023-2030 ($M) - Regional Industry Research
14.3 Training & Support Market 2023-2030 ($M) - Regional Industry Research
15.South America Market Analysis By User Type Market 2023-2030 ($M)
15.1 SMBS Market 2023-2030 ($M) - Regional Industry Research
15.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
16.South America Master Data Management Market Analysis By Industry Market 2023-2030 ($M)
16.1 BFSI Market 2023-2030 ($M) - Regional Industry Research
16.2 Government Market 2023-2030 ($M) - Regional Industry Research
16.3 Retail Market 2023-2030 ($M) - Regional Industry Research
16.4 IT & Telecom Market 2023-2030 ($M) - Regional Industry Research
16.5 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
16.6 Energy & Utilities Market 2023-2030 ($M) - Regional Industry Research
16.7 Healthcare Market 2023-2030 ($M) - Regional Industry Research
16.8 Transportation & Logistics Market 2023-2030 ($M) - Regional Industry Research
16.9 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
17.Europe Market Analysis By Deployment Market 2023-2030 ($M)
17.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
17.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
18.Europe Market Analysis By Service Type Market 2023-2030 ($M)
18.1 Consulting Market 2023-2030 ($M) - Regional Industry Research
18.2 Implementation Market 2023-2030 ($M) - Regional Industry Research
18.3 Training & Support Market 2023-2030 ($M) - Regional Industry Research
19.Europe Market Analysis By User Type Market 2023-2030 ($M)
19.1 SMBS Market 2023-2030 ($M) - Regional Industry Research
19.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
20.Europe Master Data Management Market Analysis By Industry Market 2023-2030 ($M)
20.1 BFSI Market 2023-2030 ($M) - Regional Industry Research
20.2 Government Market 2023-2030 ($M) - Regional Industry Research
20.3 Retail Market 2023-2030 ($M) - Regional Industry Research
20.4 IT & Telecom Market 2023-2030 ($M) - Regional Industry Research
20.5 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
20.6 Energy & Utilities Market 2023-2030 ($M) - Regional Industry Research
20.7 Healthcare Market 2023-2030 ($M) - Regional Industry Research
20.8 Transportation & Logistics Market 2023-2030 ($M) - Regional Industry Research
20.9 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
21.APAC Market Analysis By Deployment Market 2023-2030 ($M)
21.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
21.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
22.APAC Market Analysis By Service Type Market 2023-2030 ($M)
22.1 Consulting Market 2023-2030 ($M) - Regional Industry Research
22.2 Implementation Market 2023-2030 ($M) - Regional Industry Research
22.3 Training & Support Market 2023-2030 ($M) - Regional Industry Research
23.APAC Market Analysis By User Type Market 2023-2030 ($M)
23.1 SMBS Market 2023-2030 ($M) - Regional Industry Research
23.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
24.APAC Master Data Management Market Analysis By Industry Market 2023-2030 ($M)
24.1 BFSI Market 2023-2030 ($M) - Regional Industry Research
24.2 Government Market 2023-2030 ($M) - Regional Industry Research
24.3 Retail Market 2023-2030 ($M) - Regional Industry Research
24.4 IT & Telecom Market 2023-2030 ($M) - Regional Industry Research
24.5 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
24.6 Energy & Utilities Market 2023-2030 ($M) - Regional Industry Research
24.7 Healthcare Market 2023-2030 ($M) - Regional Industry Research
24.8 Transportation & Logistics Market 2023-2030 ($M) - Regional Industry Research
24.9 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
25.MENA Market Analysis By Deployment Market 2023-2030 ($M)
25.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
25.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
26.MENA Market Analysis By Service Type Market 2023-2030 ($M)
26.1 Consulting Market 2023-2030 ($M) - Regional Industry Research
26.2 Implementation Market 2023-2030 ($M) - Regional Industry Research
26.3 Training & Support Market 2023-2030 ($M) - Regional Industry Research
27.MENA Market Analysis By User Type Market 2023-2030 ($M)
27.1 SMBS Market 2023-2030 ($M) - Regional Industry Research
27.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
28.MENA Master Data Management Market Analysis By Industry Market 2023-2030 ($M)
28.1 BFSI Market 2023-2030 ($M) - Regional Industry Research
28.2 Government Market 2023-2030 ($M) - Regional Industry Research
28.3 Retail Market 2023-2030 ($M) - Regional Industry Research
28.4 IT & Telecom Market 2023-2030 ($M) - Regional Industry Research
28.5 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
28.6 Energy & Utilities Market 2023-2030 ($M) - Regional Industry Research
28.7 Healthcare Market 2023-2030 ($M) - Regional Industry Research
28.8 Transportation & Logistics Market 2023-2030 ($M) - Regional Industry Research
28.9 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Master Data Management Market Revenue, 2023-2030 ($M)2.Canada Master Data Management Market Revenue, 2023-2030 ($M)
3.Mexico Master Data Management Market Revenue, 2023-2030 ($M)
4.Brazil Master Data Management Market Revenue, 2023-2030 ($M)
5.Argentina Master Data Management Market Revenue, 2023-2030 ($M)
6.Peru Master Data Management Market Revenue, 2023-2030 ($M)
7.Colombia Master Data Management Market Revenue, 2023-2030 ($M)
8.Chile Master Data Management Market Revenue, 2023-2030 ($M)
9.Rest of South America Master Data Management Market Revenue, 2023-2030 ($M)
10.UK Master Data Management Market Revenue, 2023-2030 ($M)
11.Germany Master Data Management Market Revenue, 2023-2030 ($M)
12.France Master Data Management Market Revenue, 2023-2030 ($M)
13.Italy Master Data Management Market Revenue, 2023-2030 ($M)
14.Spain Master Data Management Market Revenue, 2023-2030 ($M)
15.Rest of Europe Master Data Management Market Revenue, 2023-2030 ($M)
16.China Master Data Management Market Revenue, 2023-2030 ($M)
17.India Master Data Management Market Revenue, 2023-2030 ($M)
18.Japan Master Data Management Market Revenue, 2023-2030 ($M)
19.South Korea Master Data Management Market Revenue, 2023-2030 ($M)
20.South Africa Master Data Management Market Revenue, 2023-2030 ($M)
21.North America Master Data Management By Application
22.South America Master Data Management By Application
23.Europe Master Data Management By Application
24.APAC Master Data Management By Application
25.MENA Master Data Management By Application
26.SAP AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.IBM Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Oracle Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Informatica Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Teradata Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Orchestra Networks, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Talend, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Syncforce, Sales /Revenue, 2015-2018 ($Mn/$Bn)