Advent of Big Data to Spur the Enterprise Data Warehouse Market Research Report During the Forecast Period
Enterprise Data Warehouse Market Research Report
The global enterprise data management market is estimated to expand at 12 % CAGR during the forecast period (2017-2023) owing to the increasing need for on-time authentic information, asserts Market Research Future (MRFR). Enterprise data management or EDM refers to the capability of business to develop, identify, integrate, and manage the data of the overall enterprise workflow, entitles, and applications which require accurate and precise data delivery. EDM eradicates organizational issues and conflicts resulting from the mismanagement of data.
Drivers and Constraints Impacting the Market
With the increasing need for on-time authentic information and growing demand for risk management solutions are presumed to drive the global market over the assessment period. The increasing need for data management in enterprises as a necessary requisite for the continuity of the business as well as the need to reduce the overall cost of ownership of data is estimated to foster the market growth over the assessment period. Additionally, with the growing need for managing voluminous data generated in an organization on a regular basis is triggering the demand for enterprise data management market over the years. Moreover, with the advent of Big Data technology, the global market for enterprise data management is likely to expand.
On the flip side, the presence of data silos, data quality, and issues related to validation of data address are some of the factors presumed to inhibit the market growth during the assessment period.
Global Enterprise Data Management Market: Segmental Analysis
The global enterprise data management market has been segmented on the basis of deployment, component, end-user, and organization size.
By mode of component, the global market has been segmented into services and solutions. The services segment is further sub-segmented into managed service and professional service. The solution segment is further sub-segmented into data synchronization, data integration, data governance, data warehousing, data security, data quality, data processing, and others.
By mode of organization type, the market has been segmented into small, medium, and large enterprise.
By mode of deployment, the market has been segmented into on-premise and on-cloud.
By mode of end-users, the market has been segmented into IT & telecom, BFSI, healthcare, manufacturing, transportation & logistics, government, energy & power, and others. Among these, the segment for healthcare is estimated to grow at a significant rate as huge management of data is involved in maintaining the medical records of the patients for treatment in the future. Also, with the increasing demand for health information technology, the demand for data management has gained importance which supports the market growth.
Competitive Analysis
The major players operating the global market are Teradata Corporation (U.S.), Mulesoft (U.S.), Symantec Corporation (U.S.), Oracle Corporation (U.S.), Cognizant (U.S.), Goldensource (U.S.), Intel Security (U.S.), SAS Institute Inc. (U.S.), Mindtree (India), SAP SE (Germany), Jade Global (U.S.), Solix Technologies Inc. (U.S.), Talend (U.S.), Liasion Technologies (Sweden), IBM Corporation (U.S.), MongoDB (U.S.), Accenture (Ireland), Primitive Logic (U.S.), and others.
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