Vancouver, Oct. 24, 2023 (GLOBE NEWSWIRE) -- The global enterprise data management market size reached USD 78.32 Billion in 2020 and is expected to register a CAGR of 9.6% during the forecast period, according to latest analysis by Emergen Research. Rising demand for data management solutions to reduce data loss is expected to propel global enterprise data management market revenue growth over the forecast period. Rising need to improve process of decision making is expected to boost global enterprise data management market growth in the forthcoming years. Rising need for risk management across various industries is also expected to augment market growth going ahead.
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However, concerns regarding alignment of enterprise data management approach with organizational strategic initiatives is expected to hamper global enterprise data management market growth to some extent during the forecast period.
Scope of Research
| Report Details | Outcome |
| Market size in 2020 | USD 78.32 Billion |
| CAGR (2023–2032) | 9.6% |
| Revenue forecast in 2032 | USD 234.59 Billion |
| Base year for estimation | 2020 |
| Historical data | 2018–2019 |
| Forecast period | 2023–2032 |
| Quantitative units | Revenue in USD Billion and CAGR in % from 2023 to 2032 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Component, Organization Size, Deployment, End-Use, and Region |
| Regional scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Country scope | U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, BENELUX, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, Rest of MEA |
| Key companies profiled | Teradata Corporation, SAS Institute Inc., Cloudera, Inc., GoldenSource Corporation, MuleSoft, LLC, Zaloni, Inc., Oracle Corporation, EnterWorks, Inc., Micro Focus International plc, MapR Technologies, Inc. |
| Customization scope | 10 hours of free customization and expert consultation |
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Major Companies and Competitive Landscape
The global enterprise data management market is fairly fragmented, with a number of large and medium-sized market players accounting for a major revenue share. Key players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, adopting more advanced technologies in enterprise data management solutions, developing, testing, and introducing new and more efficient solutions in the market. Some prominent players operating in the enterprise data management market are:
- Teradata Corporation
- SAS Institute Inc.
- Cloudera, Inc.
- GoldenSource Corporation
- MuleSoft, LLC
- Zaloni, Inc.
- Oracle Corporation
- EnterWorks, Inc.
- Micro Focus International plc
- MapR Technologies, Inc.
Strategic Development
In September 2019, Oracle Corporation announced launch of an innovation to expand its data management offering. Such innovations are including expanding autonomous database capabilities, expanding the Exadata portfolio, and accelerating database software innovation, allowing development teams to connect databases and automating customer data security.
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Some Key Highlights From the Report
- Increasing need to improve businesses consumer interactions and accelerate their sensitive and transactional activities is driving revenue growth of the services segment, which is expected to register a significantly rapid CAGR over the forecast period.
- The SMEs segment is expected to register significant revenue growth over the forecast period due to increasing usage of enterprise data management solutions among SMEs due to rising introduction of various standards to adopt enterprise data management solutions and services.
- The cloud segment is expected to register significant revenue growth over the forecast period due to increasing implementation of cloud-based enterprise data management solutions by end-users as compared to on-premise, cloud deployment is the most cost-effective option.
- The IT & telecom segment is expected to register significant revenue growth over the forecast period. Presence of OTT providers and the introduction of 5G are both contributing to the growth of this segment.
- Asia Pacific is expected to register fastest revenue growth rate during the forecast period due to rising industrial sectors and introduction of big data across various industries in countries in the region.
- In January 2019, Cloudera Inc. and Hortonworks, which is a data software company, entered into a partnership. Following the merger, the businesses formed a new enterprise data cloud provider powerhouse named Cloudera.
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Emergen Research has segmented the global enterprise data management market on the basis of component, organization size, deployment, end-use, and region:
- Component Outlook (Revenue, USD Billion; 2019–2032)
- Services
- Solution
- Organization Size Outlook (Revenue, USD Billion; 2019–2032)
- SMEs
- Large Enterprises
- Deployment Outlook (Revenue, USD Billion; 2019–2032)
- On-Premise
- Cloud
- End-Use Outlook (Revenue, USD Billion; 2019–2032)
- Manufacturing
- Healthcare
- BFSI
- Media and Entertainment
- IT & Telecom
- Retail & Consumer Goods
- Transportation and Logistics
- Energy and Utilities
- Government
- Others
- Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
- North America
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