"Global Master Data Management Market Size study, by Component (Solution, Services, Consulting Services, Integration Services, Training & Support Services), by Organization Size (SMEs & Large Enterprises), by Deployment Mode (Cloud & On-premises), by Vertical (BFSI Government, Retail, IT & Telecom, Manufacturing, Energy & Utilities, Healthcare, Other Verticals) and Regional Forecasts 2022-2028"

Global Master Data Management Market is valued at approximately USD 14.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 15% over the forecast period 2022-2028. Master data management (or MDM) refers to various solutions, services, and standards that assist organisations in managing their master data. Master data consists of secret and crucial company data on customers, goods, financial transactions, suppliers, and others. The emergence of MDM has enabled businesses to collect and manage master data, which can then be used for data analytics and effective decision-making. 

Some of the key factors driving the MDM market include the critical need to install centrally placed or controlled data, increasing need for verification and compliance, and escalating demand for outstanding business performance and data quality. According to BI-SURVEY.com, master data and data quality management were particularly essential in Northern Europe and among IT users in 2017. However, current concerns about data security, as well as a lack of understanding of the benefits of data management solutions, are the primary factors impeding the growth of the master data management market size. Nonetheless, the adoption of integrated vendor solutions is expected to present service providers with new options.  

Master data management companies have used a variety of organic and inorganic growth tactics to expand their products in the market, including new product launches, product upgrades, partnerships and agreements, business expansions, and mergers and acquisitions. Oracle Enterprise Data Management will be updated in February 2022. Validation errors can now be downloaded to an MS Excel file with the latest release. This allows EDM users to get help or feedback from others. The file contains data like nodes, attributes, relationships, and failure messages. Similarly, Broadcom updates its CA IDMS in April 2022; the new update includes DML modification statements that alter the database's record occurrences. Users can delete a record from the database's database and link a member record to a set.

The key regions considered for the global Master Data Management market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. In the master data management market, North America is predicted to hold the greatest share. The rising technological improvements in the region are key factors encouraging the growth of the MDM market in North America. Market growth is projected to be aided by the growing number of MDM players across regions.  Whereas, during the forecast period, APAC is expected to have the highest CAGR. Because of the influx of major international companies, the region is expanding rapidly, and many new entrepreneur setups are using cloud-based MDM solutions, which help them improve operational efficiency, streamline operations, and improve customer experience. In the Master Data Management Market, China, Japan, and India all have a lot of room to grow.

Major market players included in this report are:
IBM
Oracle
SAP
SAS
TIBCO Software
Informatica
Talend
Cloudera
Riversand
Broadcom

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below: 

By Component:
Solution
Services
Consulting Services
Integration Services
Training & Support Services
By Deployment Mode:
Cloud
On-premises
By Organization Size:
SMEs
Large Enterprises
By Verticals:
BFSI
Government
Retail
IT & Telecom
Manufacturing
Energy & Utilities
Healthcare
Other Verticals  

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia 
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Master Data Management Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors