Market Research HUB has announced the addition of the “Master Data Management Market - Global Industry Analysis, Trends and Forecast 2016 – 2024" report to their huge collection of market research reports.
The master data management market has undergone tremendous advancement in the past few years. With the advent of the Internet of Things (IoT) the penetration of information technology across various industries has increased. Organizations have ramped up their investments in IoT technology. IoT offers a range of benefits to organizations in the sectors of cloud computing, big data analytics, and global networks. The global start up industry has grown hugely in the IoT sector. Also there has been a significant rise in the number of businesses conducted over the web over the past few years.
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Moreover, increase in the number of connected devices globally has also been one key factor in promoting the growth of IoT market. Economies across the world foresee the economic benefits of IoT. Considering the direct proportionality of growth in IoT to need for data management, the growth of IoT is expected to drive the demand for master data management in organizations. Master data management can enable organizations to derive actionable insights from the IoT data generated. Master data management offers actionable analytical and predictive data to organizations in order to carry out their business operations effectively related to product and customer data. For product and customer centric industries, availability of effective and accurate master data is critical. Discrepancy in customer as well as product related data can cost any organization hugely in terms of time and money.
Therefore, the need to invest in effective master data management solutions has become vital for the success of any organization. Businesses today have to handle a large amount of data related to products and customers. Master data management focuses on managing product- and customer-related information through product data solutions and customer data solutions. Improper management of data can lead businesses to face loses in terms of money and time. Master data management serves as a central repository of master data, which is consolidated from various sources of data. Data-driven business operations rely hugely on master data. Master data management done correctly helps achieve risk management and regulatory compliance in organizations. Thus organizations consider investing in efficient data management and master data management solutions.
Master Data Management (MDM) Market Revenue is Expected to Reach US$ 20,544.87 Mn by 2024
1. Master Data Management (MDM) Market
Revenue is Expected to Reach US$
20,544.87 Mn by 2024
Albany, New York, August 22, 2016:Market Research HUB has announced the addition of the “Master Data
Management Market - Global Industry Analysis,Trends and Forecast2016 – 2024"report to their huge
collection of market research reports.
The master data management market has undergone tremendous advancement in the past few
years. With the advent of the Internet of Things (IoT) the penetration of information
technology across various industries has increased. Organizations have ramped up their
investments in IoT technology. IoT offers a range of benefits to organizations in the sectors
of cloud computing, big data analytics, and global networks. The global start up industry has
grown hugely in the IoT sector. Also there has been a significant rise in the number of
businesses conducted over the web over the past few years.
Browse Full Report with TOC - http://www.marketresearchhub.com/report/master-data-
management-market-report.html
Moreover, increase in the number of connected devices globally has also been one key factor
in promoting the growth of IoT market. Economies across the world foresee the economic
benefits of IoT. Considering the direct proportionality of growth in IoT to need for data
management, the growth of IoT is expected to drive the demand for master data management
in organizations. Master data management can enable organizations to derive actionable
insights from the IoT data generated. Master data management offers actionable analytical
and predictive data to organizations in order to carry out their business operations effectively
related to product and customer data. For product and customer centric industries, availability
of effective and accurate master data is critical. Discrepancy in customer as well as product
related data can cost any organization hugely in terms of time and money.
Therefore, the need to invest in effective master data management solutions has become vital
for the success of any organization. Businesses today have to handle a large amount of data
related to products and customers. Master data management focuses on managing product-
and customer-related information through product data solutions and customer data solutions.
Improper management of data can lead businesses to face loses in terms of money and time.
Master data management serves as a central repository of master data, which is consolidated
from various sources of data. Data-driven business operations rely hugely on master data.
Master data management done correctly helps achieve risk management and regulatory
compliance in organizations. Thus organizations consider investing in efficient data
management and master data management solutions.
This report on the master data management market provides analysis for the period from
2014 to 2024, wherein 2015 is the base year and the period from 2016 to 2024 is the forecast
period. Data for 2014 has been included as historical information. The report highlights the
various drivers, restraints, and opportunities expected to influence the market’s growth during
the said period. It also highlights the trends that prevail in the master data management
market globally. The study provides a holistic perspective on market growth throughout the
2. forecast period in terms of revenue estimates (in US$ Mn) across regions of North America,
Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America (LATAM).
This research report provides in-depth analysis of the master data management market,
which is segmented on the basis of component, solution, and industry. The report provides
cross-sectional analysis of the global master data management market in terms of market
estimates and forecasts for all segments across regions.
The report profiles the major players of the master data management market. The company
profiling includes an overview of the company with respect to parameters such as company
details, market presence and segmentation by geography, key developments, strategy and
historical roadmap, and revenue and operating profits. Major business strategies adopted by
these players, their market positioning, and their recent developments have also been
identified in the research report. This report also provides market positioning analysis of
major players in the master data management market based on their 2015 revenues. The
major players profiled in the report include Informatica, IBM Global Services, Oracle
Corporation, SAP SE, Stibo Systems, Riversand Technologies, Tibco Software, Agility
Multichannel, and EnterWorks Acquisition Inc.
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The global market for Master Data Management (MDM) market has been segmented as
follows:
MasterData Management Market: By Component
By Software
- On Cloud
- On Premise
By Service
- Consulting
- System Integration
- Operations and Maintenance
MasterData Management Market: By Solution
- Product Data Solution
- Customer Data Solution
- Multi-domain MDM Solution
MasterData Management Market: By Industry
3. - Government
- Banking, Finance and Insurance (BFSI)
- IT and Telecommunications
- Health Care
- Energy and Utility
- Transportation and Logistics
- Manufacturing
- Retail
- Others
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MasterData Management Market: By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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