Enjoy complimentary customisation on priority with our Enterprise License!
The enterprise data management (EDM) market size is valued to increase USD 126.2 billion, at a CAGR of 16.83% from 2023 to 2028. Growing demand for data integration and visual analytics will drive the enterprise data management (edm) market.
Get Key Insights on Market Forecast (PDF) Request Free Sample
The enterprise data management (EDM) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2017-2022 for the following segments.
The BFSI segment is estimated to witness significant growth during the forecast period.
The market growth is driven by the increasing need for businesses to manage and make sense of vast amounts of data. According to recent reports, the EDM market currently stands at a significant market share, with approximately 35% of businesses implementing EDM solutions. Looking ahead, industry projections indicate that this figure will expand to around 45% within the next five years. Key trends shaping the EDM market include data lineage tracking, data security protocols, data versioning systems, and data governance frameworks. These solutions enable organizations to optimize their ETL processes, manage data deduplication strategies, and ensure data compliance with various standards.
Additionally, cloud data management, semantic data modeling, and real-time data processing are gaining traction as businesses seek to enhance their data management capabilities. Data warehousing solutions, data integration tools, and metadata management systems are essential components of EDM, allowing organizations to streamline their data lifecycle management and improve data access controls. Data security protocols, data encryption methods, and data loss prevention solutions are also critical to safeguarding sensitive information. Master data management, data model design, and data architecture design play a crucial role in maintaining data quality and ensuring data consistency across an organization. Data stewardship roles, data cataloging processes, and data profiling techniques further enhance data management efforts by providing insights into data usage and quality.
Data migration strategies, data lifecycle management, and data observability tools are essential for managing the ongoing evolution of data within an organization. As businesses continue to generate and collect more data, the need for efficient and effective data management solutions will only grow. In the financial services sector, the EDM market has seen substantial growth due to the increasing digitization of core processes and the adoption of customer-centric approaches. Financial institutions are leveraging EDM solutions to manage data from various systems and processes, such as loan processing, claims management, customer data management, and financial transactions electronically. Overall, the EDM market is a dynamic and evolving landscape, with businesses continually seeking innovative solutions to manage their data effectively and gain valuable insights from their data assets.
The BFSI segment was valued at USD 0.00 billion in 2017 and showed a gradual increase during the forecast period.
North America is estimated to contribute 38% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
See How Enterprise Data Management (Edm) Market Demand is Rising in North America Request Free Sample
In North America, the market experiences significant growth due to the technological maturity of various industries and the resulting increase in data volume. Key industries, such as manufacturing, telecommunications, infrastructure development, BFSI, and retail, are expanding rapidly in the region. To address the growing data management needs of these industries, companies offer specialized EDM solutions. For instance, Magnitude Software, a leading company based in Texas, provides products and services to streamline data management, thereby enhancing business productivity.
The adoption of EDM software is a strategic response to the increasing data demands of these industries, positioning the North American market as a significant contributor to the global EDM landscape.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market is a critical business landscape that prioritizes implementing data governance policies for regulatory compliance and mastering data management solutions to ensure data accuracy. Companies are increasingly focusing on enhancing data quality through automated data profiling, designing a robust data security architecture for cloud deployments, and optimizing Extract, Transform, Load (ETL) processes for faster data integration. Building a comprehensive data catalog for improved data discoverability and leveraging metadata management for effective data governance are also essential components of the EDM market. Moreover, data warehouse automation using modern cloud technologies, implementing data lineage tracking for better data traceability, and adopting data virtualization for improved data access are key trends shaping the market.
Integrating data security protocols into data lake implementation, effective data masking strategies for protecting sensitive data, and data deduplication techniques for improving data quality are other crucial aspects of EDM. Best practices for data stewardship program management, data quality dashboards for monitoring and reporting, and key performance indicators for measuring data governance maturity are essential for businesses seeking to maximize the value of their data. Modern data warehouse architecture design principles and real-time data processing frameworks for business intelligence are also driving innovation in the EDM market. Compared to traditional methods, cloud-based data management solutions offer significant scalability advantages, with more than 70% of new implementations opting for cloud deployments.
This shift is transforming the market landscape, as companies seek to capitalize on the agility and flexibility offered by cloud technologies. In conclusion, the EDM market is a dynamic and evolving landscape, driven by the need for improved data accuracy, enhanced security, and increased efficiency. Companies that prioritize data governance, data quality, and data security will be best positioned to succeed in this competitive market.
The enterprise data management (edm) market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the enterprise data management (edm) market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Enterprise Data Management (Edm) Industry
Companies are implementing various strategies, such as strategic alliances, enterprise data management (edm) market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Accenture Plc - This company specializes in providing enterprise-level data management solutions, including Accenture myConcerto. Their offerings enable organizations to effectively manage and utilize their data for business optimization and growth.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Enterprise Data Management (Edm) Market insights. See full methodology.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
191 |
|
Base year |
2023 |
|
Historic period |
2017-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 16.83% |
|
Market growth 2024-2028 |
USD 126.2 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
13.98 |
|
Key countries |
US, UK, Canada, China, and Germany |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the Enterprise Data Management (Edm) Market between 2024 and 2028?
USD 126.2 billion, at a CAGR of 16.83%
What segmentation does the market report cover?
The report is segmented by End-user (BFSI, Healthcare, Manufacturing, Retail, and Others), Deployment (On-premises and Cloud-based), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)
Which regions are analyzed in the report?
North America, Europe, APAC, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Growing demand for data integration and visual analytics, Integration challenges related to unscalable applications
Who are the major players in the Enterprise Data Management (Edm) Market?
Accenture Plc, Amazon.com Inc., Broadcom Inc., Cloudera Inc., GoldenSource, HP Inc., Hyland Software Inc., Informatica Inc., Innovative Systems Inc., Intel Corp., International Business Machines Corp., Larsen and Toubro Ltd., Microsoft Corp., Open Text Corporation, Oracle Corp., Precisely, SAP SE, Talend Inc, Teradata Corp., and Veritas Technologies LLC
We can help! Our analysts can customize this enterprise data management (EDM) market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
