Master Data Management Market By Component (Solution, Service), By Data Type (Asset Data, Customer Data, Location Data, Product Data, Supplier Data), By Deployment (On-Premise, Cloud), By Application (Government, Manufacturing, Telecom & IT, Retail, Healthcare, Energy & Utility, Others) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Globally, the master data management market is expected to grow with a CAGR of 17.5% during the forecast period from 2019 to 2027, starting from US$ 9.28 Bn in 2018. The market is driven by the growing need among the organizations to manage their master data more effectively. Master data is defined as the critical and confidential data for enterprises generally related to the customers, suppliers, financials, and products. As the digitalization across the enterprises is increasing very rapidly and the sources of data generation are also growing in abundance, the enterprises are finding it difficult to cop up with this explosion of data with their traditional data management system. This is encouraging the enterprises to move towards more data agile infrastructure and driving the demand for master data management solutions.

The growing adoption of IoT sensor along with the cloud computing platform is also acting as a major driver for the growth of the market. Moreover, the integration of intelligent algorithms into the master data management solution is augmenting the market growth. However, reluctance of enterprises to move towards new master data management solutions is hindering the market growth. Furthermore, the low awareness about the solutions among the enterprises is also acting as a major restraint in the growth of the market.

Cloud Deployment Model is Estimated to Grow Significantly During the Forecast Period  

The master data management market is segmented on the basis of deployment into on-premise, and cloud deployment model. On-Premise deployment model accounted for more than 70% share in the revenue in 2018. The growth of the market is attributed to the robust security offered by the on-premise model. On the other hand, the cloud deployment model is estimated to grow significantly during the forecast period. The market is driven by the cost effective nature of the cloud deployment model. Moreover, the scalability and flexibility offered by the model also serves as a major driver for the growth of the market.

North America is Leading the Master Data Management Market                  

North America accounted for more than 40% share in the master data management market in 2018. The growth of the market is credited to the wide scale adoption of the cloud computing technology across the region. Increasing digitalization across the enterprises is also augmenting the demand for the master data management solution in the region. Additionally, the presence of major market players such as IBM and Oracle in the region is also acting as a major driver for the growth of the market.

The key players in the master data management market are EnterWorks, Informatica, IBM Corporation, Oracle Corporation, Reltio, Profisee Group, Riversand, SAS Institute, SAP SE, Semarchy, SyncForce, Stibo Systems, Talend, TIBCO Software and Teradata.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The master data management market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global Master Data Management market based on component, data type, deployment, application and geography. Key segments covered in the report are as follows:

Key questions answered in this report

• What was the market size of master data management in 2018 and forecast up to 2027?
• Which is the largest regional market for master data management?
• What are the major trends followed in master data management market across different regions?
• Who are the key companies in the master data management market?
• What are the key strategies adopted by the leading master data management companies in market?
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Unique data points of this report

• Statistics on master data management and spending worldwide
• Recent trends across different regions in terms of adoption of master data management across applications
• Notable developments going on in the industry
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)