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Master Data Management Market Report and Forecast 2024-2032

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    Report

  • 199 Pages
  • May 2024
  • Region: Global
  • Expert Market Research
  • ID: 5973789
According to the report, the global master data management market size reached a value of USD 17.33 billion in 2023. Aided by the escalating demand for cohesive data management solutions across diverse industrial sectors and the increasing need for operational excellence and data quality, the market is projected to further grow at a CAGR of 14.7% between 2024 and 2032 to reach a value of USD 61.40 billion by 2032.

Master Data Management represents a critical component in the organisational data management strategy, focusing on the creation, integration, and maintenance of a unified data source. MDM solutions facilitate consistent, accurate, and accountable data across the enterprise, enhancing decision-making processes, operational efficiency, and compliance with regulatory standards.

The burgeoning volume of data generated by businesses, compounded by the complexity of managing data across various digital platforms boosts the master data management growth. Furthermore, the advent of Big Data, the Internet of Things (IoT), and cloud computing technologies has accentuated the importance of robust data management practices, propelling the MDM market growth.

Additionally, the market is witnessing a shift towards AI and machine learning-enhanced MDM solutions, offering sophisticated analytics, predictive insights, and automated data governance capabilities. These advancements are crucial in managing the dynamic nature of data and in supporting the evolving business intelligence and analytics requirements.

As per the master data management market analysis, a significant trend is the emphasis on cloud-based MDM solutions, owing to their scalability, flexibility, and cost-effectiveness. Cloud-based models enable organisations to implement MDM solutions without substantial upfront investment in infrastructure, facilitating broader adoption, especially among small and medium-sized enterprises (SMEs).

The master data management market is characterised by rapid technological innovations, with vendors offering solutions that integrate with advanced analytics, blockchain, and artificial intelligence to provide enhanced data accuracy, security, and governance. The trend towards digital transformation across sectors is also driving the adoption of MDM solutions, as organisations strive to streamline operations and leverage data-driven strategies for competitive advantage.

North America holds a substantial master data management market share, attributed to the presence of major MDM solution providers, a strong technological infrastructure, and a high adoption rate of advanced data management solutions. However, the Asia-Pacific region is projected to exhibit the highest growth rate, driven by the rapid digitalisation of businesses, increasing regulatory requirements for data management, and growing awareness of the benefits of MDM solutions.

Market Segmentation

The market can be divided based on component, deployment model, application, enterprise size, end use, and region.

Market Breakup by Component

  • Solution
  • Service

Market Breakup by Deployment Model

  • Cloud
  • On-Premise

Market Breakup by Application

  • Product Data
  • Supplier Data
  • Customer Data
  • Others

Market Breakup by Enterprise Size

  • Small and Medium Enterprises
  • Large Enterprises

Market Breakup by End Use

  • BFSI
  • Government
  • Retail
  • Manufacturing
  • Education
  • IT and Telecommunication
  • Healthcare
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global master data management market. Some of the major players explored in the report are as follows:
  • SAP SE
  • IBM Corporation
  • Oracle Corporation
  • SAS Institute Inc.
  • TIBCO Software Inc.
  • Informatica Inc.
  • Ataccama Software, s.r.o.
  • Stibo Systems
  • Syndigo LLC
  • Profisee Group, Inc.
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Master Data Management Market Analysis
8.1 Key Industry Highlights
8.2 Global Master Data Management Historical Market (2018-2023)
8.3 Global Master Data Management Market Forecast (2024-2032)
8.4 Global Master Data Management Market by Component
8.4.1 Solution
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Service
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Master Data Management Market by Deployment Model
8.5.1 Cloud
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 On-Premise
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Master Data Management Market by Application
8.6.1 Product Data
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Supplier Data
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Customer Data
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Master Data Management Market by Enterprise Size
8.7.1 Small and Medium Enterprises
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Large Enterprises
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Master Data Management Market by End Use
8.8.1 BFSI
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Government
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Retail
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Manufacturing
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Education
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
8.8.6 IT and Telecommunication
8.8.6.1 Historical Trend (2018-2023)
8.8.6.2 Forecast Trend (2024-2032)
8.8.7 Healthcare
8.8.7.1 Historical Trend (2018-2023)
8.8.7.2 Forecast Trend (2024-2032)
8.8.8 Others
8.9 Global Master Data Management Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Master Data Management Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Master Data Management Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Master Data Management Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Master Data Management Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Master Data Management Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 SAP SE
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 IBM Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Oracle Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 SAS Institute Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 TIBCO Software Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Informatica Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Ataccama Software, s.r.o.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Stibo Systems
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Syndigo LLC
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Profisee Group, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Master Data Management Market: Key Industry Highlights, 2018 and 2032
2. Global Master Data Management Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Master Data Management Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Master Data Management Historical Market: Breakup by Deployment Model (USD Billion), 2018-2023
5. Global Master Data Management Market Forecast: Breakup by Deployment Model (USD Billion), 2024-2032
6. Global Master Data Management Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Master Data Management Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Master Data Management Historical Market: Breakup by Enterprise Size (USD Billion), 2018-2023
9. Global Master Data Management Market Forecast: Breakup by Enterprise Size (USD Billion), 2024-2032
10. Global Master Data Management Historical Market: Breakup by End Use (USD Billion), 2018-2023
11. Global Master Data Management Market Forecast: Breakup by End Use (USD Billion), 2024-2032
12. Global Master Data Management Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global Master Data Management Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America Master Data Management Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America Master Data Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe Master Data Management Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe Master Data Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Master Data Management Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific Master Data Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America Master Data Management Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Master Data Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Middle East and Africa Master Data Management Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa Master Data Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Global Master Data Management Market Structure

Companies Mentioned

  • SAP SE
  • IBM Corporation
  • Oracle Corporation
  • SAS Institute Inc.
  • TIBCO Software Inc.
  • Informatica Inc.
  • Ataccama Software, s.r.o.
  • Stibo Systems
  • Syndigo LLC
  • Profisee Group, Inc.

Methodology

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Table Information