Enterprise Metadata Management Global Market Report 2024

The enterprise metadata management market size has grown exponentially in recent years. It will grow from $7.29 billion in 2023 to $8.81 billion in 2024 at a compound annual growth rate (CAGR) of 21%. The growth observed in the historic period can largely be attributed to several factors, including increasing regulatory compliance requirements, challenges related to data integration, ongoing digital transformation initiatives within organizations, implementation of master data management (MDM) projects, and the establishment of robust data governance programs.

The enterprise metadata management market size is expected to see exponential growth in the next few years. It will grow to $19.07 billion in 2028 at a compound annual growth rate (CAGR) of 21.3%. Forecasted growth is driven by real-time metadata processing, enhanced data privacy and security, data fabric solutions, augmented data catalogs, and the impact of quantum computing. Major trends include hyper-automation, data mesh adoption, semantic metadata integration, privacy-preserving metadata management, and DataOps.

The enterprise metadata management market is poised for substantial growth, driven by the rapid expansion of data within organizations. Data growth, characterized by the exponential increase in digital information generated, stored, and processed over time, is propelled by factors such as expanding internet usage, digital transformation initiatives, and widespread digitization efforts. Enterprise metadata management plays a crucial role in providing oversight and control to effectively manage the complexities inherent in enterprise data ecosystems. For instance, according to reports from the Soda Foundation, the average end-user organization witnessed significant data storage growth, reaching an upper limit of 25 TB, with annual data growth soaring from 700 TB in 2021 to 2,208 TB in 2022. This exponential data growth within organizations underscores the pivotal role of enterprise metadata management in navigating the evolving data landscape.

Leading companies in the enterprise metadata management market are directing their efforts toward the development of blockchain technology solutions, exemplified by products such as UNIIEQ, aimed at enhancing the organization, flow, and quality of equipment metadata. UNIIEQ stands as a master data management platform operating transparently and decentralizedly, harnessing blockchain technology to offer businesses a streamlined approach to enhancing equipment metadata organization and flow. ENP Technologies, a US-based IT service provider, launched UNIIEQ in September 2023, with a focus on empowering manufacturers and suppliers to maximize their operational potential through improved metadata management.

In February 2023, Progress, a US-based software company, completed the acquisition of MarkLogic for $355 million. This acquisition was geared towards expanding Progress' data capabilities, providing customers with greater agility in leveraging their data assets. MarkLogic, a US-based company specializing in complex data and semantic metadata management, aligns with Progress' strategic objectives to enhance its offerings and capabilities within the data management landscape, thereby addressing the evolving needs of organizations in managing their data ecosystems.

Major companies operating in the enterprise metadata management market are International Business Machines Corporation, Oracle Corporation, SAP SE, Informatica LLC, Varonis Systems Inc., ASG Technologies Group Inc., MuleSoft LLC, Talend SA, Idera Inc, Collibra NV, Alation Technologies Inc., Erwin Inc., Global IDs Incorporation, Smartlogic Semaphore Inc., Alex Solutions Pty Ltd, TopQuadrant Inc, CentricMinds Pty Ltd, Data Advantage Group LLC, Trillium Software Inc., Information Builders Inc., Datum LLC, Adaptive Insights LLC, Amazon Web Services Inc, Infogix Inc, Orchestra Networks SA.

North America was the largest region in the enterprise metadata management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise metadata management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the enterprise metadata management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Enterprise metadata management involves systematically managing metadata across an organization to ensure consistency, accuracy, and accessibility, thereby facilitating improved data governance and decision-making processes. Metadata comprises descriptive information about data assets, including their structure, definitions, relationships, and usage. Effective enterprise metadata management encompasses surfacing, organizing, and validating various metadata types such as performance, social, usage, and governance, enhancing productivity, collaboration, and governance across complex data environments.

The key components of enterprise metadata management include tools and services. Tools encompass software applications designed to collect, store, organize, and analyze metadata from diverse data sources and formats. These tools are deployed in both on-premise and cloud environments, catering to various metadata types such as business metadata, technical metadata, and operational metadata. They serve applications such as governance and compliance management, risk management, product and process management, incident management, and others, across industries including banking, financial services, insurance, telecommunications, IT, retail and e-commerce, healthcare and life sciences, manufacturing, government and defense, energy and utilities, media and entertainment, and other verticals.

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The enterprise metadata management market includes revenues earned by entities by providing services such as enterprise metadata management consulting services, and data profiling and discovery services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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