The global enterprise metadata management market will touch USD 10.44 billion at a 24% CAGR in the forecast period 2020- 2027, states the latest Market Research Future (MRFR) analysis. Enterprise metadata management is a business discipline that manages the metadata regarding the information asset of the organization.
Various factors are fuelling the global enterprise metadata management market demand. As per the recent MRFR market estimates, such factors include the growing significance for data governance across different end user verticals by organizations, increase in the need for reduced risks, increasing focus on social networking capabilities and collaboration, centralized data management, risk and compliance management, governance, increasing business data volume, data quality management, and operational excellence, the rise of artificial intelligence for better quality and management, increase in risk management and incident adjustment management business applications to improve the overall metadata governance, the rising significance of data governance and data standardizations by organizations across different industries, the expansion of enterprise, and the incessant adaptation of analytics solutions and business intelligence by organizations. Besides, the immediate importance of data intelligence in the healthcare sector to combat COVID-19 is also adding market growth.
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On the contrary, the lack of understanding regarding the prospective perks of enterprise meta data management solutions, technological challenges in meta data storage, inconsistent business semantics, and uncertain ROI may limit the global enterprise metadata management market growth over the forecast period.
The MRFR report throws light on an inclusive segmental analysis of the enterprise metadata management market on the basis of end user, deployment model, metadata type, application, and service.
By service, the global enterprise metadata management market is segmented into managed and professional services. The professional services is again segmented into education and training, consulting, and support and maintenance.
By deployment, the global enterprise metadata management market is segmented into on-premise and cloud. Of these, the cloud deployment will lead the market over the forecast period.
By application, the global enterprise metadata management market is segmented into incident management, product and process management, risk management, governance and compliance management, and others. Of these, the product and process management application will dominate the market over the forecast period.
By metadata type, the global enterprise metadata management market is segmented into operational metadata, technical metadata, and business metadata.
By end user, the global enterprise metadata management market is segmented into hospitality, media and entertainment, energy and utilities, healthcare and life science, retail and wholesales, telecommunications and IT, BFSI, and others. Of these, the BFSI segment will spearhead the market over the forecast period.
Based on region, the global enterprise metadata management market covers the recent trends and growth opportunity across Europe, North America, the Asia Pacific (APAC), and Rest of the World (RoW).
Of these, North America will spearhead the market over the forecast period. Technological advances, the presence of well-established IT infrastructure, the adoption of advanced technology across different industries, the presence of prominent players that specialize in metadata management, growing demand for collaborative business environment, the region being the home to most organizations and vendors with large operation base and customers, the presence of developed economies, the early adoption of technology, growing adoption of cloud-based security solutions especially among large enterprises are adding to the global enterprise metadata management market growth in the region.
In the APAC region, the global enterprise metadata management market is predicted to have healthy growth over the forecast period. The presence of small & medium enterprises that adopt cloud-based applications, continuous adaptation to analytics solutions and business intelligence, and expansion of enterprise are adding to the global enterprise metadata management market growth in the region.
The eminent players in the enterprise metadata management market report include Varonics Systems (U.S.), Trillium Software (U.S.), Orchestra Networks (France), Information Builders (U.S.), erwin Inc. (U.S.), Idera (U.S.), Smartlogic (U.S.), Global IDs (U.S.), Mulesoft (U.S.), Infogix (U.S.), Datum LLC (U.S.), AWS (U.S.), Alation (U.S.), TopQuadrant (North Carolina), Talend (U.S.), SAP SE (Germany), Oracle (U.S.), Informatica (U.S.), IBM (U.S.), Data Advantage Group (U.S.), Collibra (U.S.), CentricMinds (VIC), Cambridge Semantics (U.S.), ASG Technologies (U.S.), and Adaptive (U.S.), among others.
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