Enterprise Data Management Market SWOT Analysis by 2031
The enterprise data management market is expected to register a CAGR of 10.7% during 2023–2031. The adoption of data fabric and data mesh architectures and the rise of DataOps and MLOps practices are likely to remain key trends in the market.
Enterprise Data Management Market Analysis
- The enterprise data management market is growing at a healthy rate as a result of the explosion in volumes of data and growing legal regulations.
- The main vendors are IBM, Oracle, and SAP, with some new market share gained by AWS, Microsoft and other cloud infrastructure providers. There is a significant growth in demand for artificial intelligence (AI) enabled solutions as well as data governance tools.
- A large proportion of the market today takes place in the cloud and in subscription formats. Concerns about data privacy and the desire for analytics in real time are impacting the choice of software.
- Overall, the market for enterprise data management solutions, despite COVID-19, is in good shape, with innovative architectures like data fabric emerging and edge computing also expected in the coming few years.
Enterprise Data Management Market Overview
- The outlook for the adoption of enterprise data management tools appears bright. Enterprise data management tools and services are increasingly seen as critical for evidence-based decision-making, operational efficiency and compliance by a wide range of companies and organizations.
- There is a growth in cloud-based and AI-powered enterprise data-management tools. Companies are increasingly investing in data governance, quality management and analytical capabilities.
- Data-driven business models and the requirement for real-time insights are driving adoption. As a growing number of countries tighten regulations for data protection, demand for robust data management solutions is also likely to accelerate.
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Enterprise Data Management Market: Strategic Insights
Enterprise Data Management Market
-
CAGR (2023 - 2031)
10.7%
-
Market Size 2023
US$ XX Billion
-
Market Size 2031
US$ XX Billion
Market Dynamics
GROWTH DRIVERS
- Exponential growth in data volume and complexity, increasing regulatory compliance requirements
FUTURE TRENDS
- Cloud-based data management solutions
OPPORTUNITIES
- The adoption of data fabric and data mesh architectures, the rise of DataOps and MLOps practices
Key Players
- IBM
- Ataccama
- Cloudera Inc
- Informatica
- Mindtree Ltd
- Oracle
- SAP SE
- SAS Institute Inc
- Talend
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Component
- Software
- Services
- Professional Services
- Consulting
- Deployment and Integration
- Support and Maintenance
Industry Vertical
- Healthcare and Life science
- Banking
- Financial Services and Insurance
- Telecom and Information Technology
- Retail and Consumer goods
- Media and Entertainment
- Manufacturing
Deployment Mode
- Cloud and On-premises
Organization Size
- Small and Medium-sized Enterprises and Large enterprises
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Enterprise Data Management Market: Strategic Insights
-
CAGR (2023 - 2031)10.7% -
Market Size 2023
US$ XX Billion -
Market Size 2031
US$ XX Billion
Market Dynamics
- Exponential growth in data volume and complexity, increasing regulatory compliance requirements
- Cloud-based data management solutions
- The adoption of data fabric and data mesh architectures, the rise of DataOps and MLOps practices
Key Players
- IBM
- Ataccama
- Cloudera Inc
- Informatica
- Mindtree Ltd
- Oracle
- SAP SE
- SAS Institute Inc
- Talend
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Software
- Services
- Professional Services
- Consulting
- Deployment and Integration
- Support and Maintenance
- Healthcare and Life science
- Banking
- Financial Services and Insurance
- Telecom and Information Technology
- Retail and Consumer goods
- Media and Entertainment
- Manufacturing
- Cloud and On-premises
- Small and Medium-sized Enterprises and Large enterprises
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Enterprise Data Management Market Drivers and Opportunities
Increasing Regulatory Compliance Requirements to Favor the Market
- Rising regulatory compliance demands are powering the surge of the enterprise data-management market by compelling companies to adopt stronger data governance and management practices.
- Regulations such as GDPR, CCPA, HIPAA and sector-specific regulations in banking, telecoms, real estate, aerospace and other verticals are compelling companies to take greater control of their data assets, including how data is collected, stored, processed, shared and protected. All these requirements compel investment in more sophisticated data management solutions to deploy controls that ensure data quality (accuracy), traceability and data protection.
- Companies need tools for data lineage, audit trails, permissions and other controls, and data privacy protections to demonstrate their compliance and avoid hefty penalties. The market is responding with innovations, and companies are adopting more comprehensive data-management platforms to manage complex compliance requirements by jurisdiction. Innovation is on the rise, and executives are being urged to treat data management as a core business function.
Cloud-based data management solutions
- Cloud-based data management solutions are creating opportunities in the enterprise data management market by offering more scalable, flexible and low-cost alternatives to conventional hardware installed on premises for storage, processing and analysis of data and metadata assets.
- Among other capabilities, cloud platforms offer better and more consistent access for teams working remotely, more diverse data sources for analytics, greater security and automated updates that reduce the maintenance burden for IT departments, and the opportunity to innovate using cloud services on a pay-as-you-go basis, scaling up or down as the market or the company evolves or changes its requirements.
- The cloud trend will lead vendors to innovate, creating new features and capabilities to improve data processes in order to attract customers and offer differentiated products (i.e., create new market segments). Overall, this inspires further innovation in the enterprise data management market.
Enterprise Data Management Market Report Segmentation Analysis
Key segments that contributed to the derivation of the enterprise data management market analysis are component, industry vertical, deployment mode, dan organization size.
- Based on component, the enterprise data management market is divided into software, services, professional services, consulting, deployment and integration, and support and maintenance.
- Based on the industry vertical, the enterprise data management market is divided into healthcare and life science, banking, financial services and insurance (BFSI), telecom and information technology (IT), retail and consumer goods, media and entertainment, manufacturing, and others.
- Based on deployment mode, the enterprise data management market is divided into cloud, and on-premises
- Based on organization size, the enterprise data management market is divided into small and medium-sized enterprises, and large enterprises.
Enterprise Data Management Market Share Analysis by Geography
- Enterprise Data Management Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Enterprise Data Management market dynamics, such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the Enterprise Data Management market in these regions.
Enterprise Data Management Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ XX Billion |
Market Size by 2031 | US$ XX Billion |
Global CAGR (2023 - 2031) | 10.7% |
Historical Data | 2021-2023 |
Forecast period | 2024-2031 |
Segments Covered |
By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Enterprise Data Management Market News and Recent Developments
The enterprise data management market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the enterprise data management market are listed below:
- Cloudera, the only true hybrid platform for data, analytics, and AI, today announced two new offerings for Cloudera Observability Premium designed to simplify and automate platform administration. These premium tier features provide a single source of observability across all cloud-based and on-premises data centers, even for the most secure enterprises. (Source: Cloudera, Press Release, July 2024)
Enterprise Data Management Market Report Coverage and Deliverables
The “Enterprise Data Management Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Enterprise data management market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Enterprise data management market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Enterprise data management market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the enterprise data management market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global Enterprise Data Management market is expected to grow at a CAGR of 10.7% during the forecast period 2023 - 2031.
Exponential growth in data volume and complexity and increasing regulatory compliance requirements are expected to drive the enterprise data management market.
The adoption of data fabric and data mesh architectures and the rise of DataOps and MLOps practices are likely to remain key trends in the market.
The leading players operating in the enterprise data management market are IBM, Ataccama, Cloudera, Inc., Informatica, Mindtree Ltd, Oracle, SAP SE, SAS Institute Inc., and Talend.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The List of Companies
1. IBM
2. Ataccama
3. Cloudera, Inc.
4. Informatica
5. Mindtree Ltd
6. Oracle
7. SAP SE
8. SAS Institute Inc
9. Talend
10. Teradata