Global Master Data Management (MDM) BPO Market: Snapshot

Efficient management of data is of great essence for enterprises. With master data management (MDM) tools, enterprises are able to avoid and remove duplication, incorporate new rules, and maintain a standard throughout the organization. MDM tools provide a control over the processes, policies, and governance, which in turn defines and manages critical data that is generated by an organization, acting as a single point of reference. MDM BPO provides services for collecting, aggregating, matching, quality-assuring, and consolidating this data for ensuring consistency and control in ongoing maintenance and application. Master data management solutions helps companies in various aspects such as data consolidation, harmonization, central MDM, rich product content management, customer data integration, and global data synchronization. According to this business intelligence study, the demand in the global master data management BPO will increment at an impressive CAGR of 13.4% during the forecast period of 2017 to 2025.

The indispensable need for a centrally managed mode of data processing is the primary driver of the global master data management BPO market. Organizations are frequently adopting new automation methods to achieve greater efficiency and hence, a tool or software is required that can be customized accordingly. The demand for MDM BPO is also gaining traction from increasing incidences of data breach and cyber-attacks. Emergence of the Internet of Things (IoT) is also expected to open new revenue avenues in the master data management BPO market. On the other and, strong lack of awareness regarding the advantages offered by MDM BPO is obstructing the market from flourishing.

global master data management market

Multi-Domain MDM Solutions Providing Substantial Demand

Based on component, the master data management market has been segmented into software and services. While the software component segment has been sub-segmented into cloud and on-premise, the services component include consulting, system integration, operation and maintenance and master data management services BPO. Among these, the software segment is anticipated to see decent growth during the forecast period. This is primarily due to rising demand of on-premise and cloud solutions in developing countries on the back of spuring growth of multiple end-use industries, especially manufacturing, healthcare, and IT & telecommunication. On the basis of solution, MDM BPO market has been bifurcated into product data solution, customer data solution and multi-domain MDM solution. Among these multi-domain MDM solution is expect to hold decent share during the forecast period. End-use industry is classified into automotive, Banking, Financial Services, and Insurance (BFSI), IT & telecom, manufacturing and retail. IT and Telecom industry currently holds the largest share amongst them.

Strong Demand Anticipated to Bloom out of Asia Pacific in Near Future

Master data management BPO has been gaining strong adoption among enterprises in North America region. North America dominated the Master data management BPO services market in 2017, providing for opportunities that translated into a revenue of US$2,059.4 mn in 2017. Among North American countries, the U.S. was the major contributor, considering the established network infrastructure and presence of MDM service providers. High concentration of IT and telecom organizations and network developments in the U.S. is further aiding the adoption of BPO MDM services in the region. Europe is likely to experience healthy growth in terms of the demand for MDM BPO services too in the near future, driven by countries such as the U.K., Germany, and France. This is mainly due to the presence of large number of vendors and resellers in the Europe master data management (MDM) BPO market, particularly for cloud based software services.

Asia Pacific is anticipated to be a high potential market for master data management BPO during the forecast period (2017 – 2025). Technologically advanced countries such as Japan and China are the major contributors to the adoption of MDM as a data management process in the region. Moreover, global master data management service vendors are emphasizing on expanding their presence in Asia Pacific by targeting potential markets in countries such as India, Japan, and China.

Accenture, Capgemini SE, Riversand, Reltio, Informatica Corporation, Stibo Sysytem, Inc, Spacepage, Tibco Software, Almaviva, Atos SE, Tata Communication Services, Ltd. and Almaviva are some of the notable vendors in the global master data management BPO market.

Global Master Data Management (MDM) BPO Market: Overview

This report provides an analysis of the combined market for global master data management (MDM) BPO for the period from 2015 to 2025, wherein the period from 2017 to 2025 comprises the forecast period and 2016 is the base year. Data for 2015 is provided as historical information. The report covers all the major trends and technologies playing a major role in the growth of the Master data management (MDM) BPO market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market’s growth during this period. The study provides a holistic perspective on the market’s growth in terms of revenue in US$ Mn, across different geographical regions namely North America, Europe, Asia Pacific, Middle East and Africa and South America.

Master data management (MDM) BPO is serving an opportunity to the users to experience cost effective and geographically versatile services. Also, it is giving providers opportunity for global expansion. The growing adoption of master data management (MDM) BPOs in growing markets such as Asia Pacific is due to the increasing demand from developing countries in the region. The shift towards data maintenance and cloud-based technology is contributing for strong market attractiveness of master data management (MDM) BPO.

The market overview section of the report showcase the key trends and market dynamics such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. The report also provides the Porter’s Five Forces analysis and key market indicators for the master data management (MDM) BPO market. The master data management (MDM) BPO market data estimates are the result of our in-depth secondary research, primary interviews and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the market growth.

Global Master Data Management (MDM) BPO Market: Segmentations

Master data management BPO market is segmented by component and solutions. By component market is again categorized into software and services. Software solutions are provided as cloud and on premise and services include consulting, system integration, operation and maintenance and master data management services. On the basis of solution, MDM BPO market is segmented into product data solution, customer data solution and multi-domain MDM solution. The report covers the analysis of these segments across North America, Europe, Asia Pacific, Middle East and Africa and South America, along with qualitative analysis for market estimates supplementing the growth of master data management (MDM) BPO market during the forecast period.

Global Master Data Management (MDM) BPO Market: Competitive Landscape

The report also includes competitive profiling of the key players associated with the master data management (MDM) BPO market around the globe. The important business strategies adopted by them, their market positioning, financials, SWOT analysis, and recent developments have also been identified in the research report. The competitive landscape section of the report also gives an overview about the major contributing regions/countries by these key players in order to strengthen their market position in the future.

Rising demand for the master data management (MDM) BPO and secured and cost effective solutions, forcing companies to develop advanced communication service to continue the profitability of the market. Informatica Corporation, Reltio, Riversand, Stibo Sysytem, Inc, Tibco Software, Spacepage, Accenture, Almaviva, Capgemini SE, Atos SE, Almaviva, Tata Communication Services, Ltd are some of the key players which have been profiled in this study. Details such as financials, business strategies, SWOT analysis, recent developments, and other such strategic information pertaining to these players has been duly provided as part of company profiling.  

Master Data Management (MDM) BPO Market Segmentation:

By Component

  • Software
    • On-premise
    • Hosted
  • Services
    • Consulting
    • System Integration
    • Operation and Maintenance
    • Master Data Management Services (BPO)

By Solutions

  • Product Data Solution
  • Customer Data Solution
  • Multi-domain MDM Solution

By End-Use Industry

  • Automotive
  • BFSI
  • IT & Telecom
  • Manufacturing
  • Retail
  • Others

In addition, the report provides analysis of the Master data management (MDM) BPO market with respect to the following geographic segments:

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • The U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of APAC
  • Middle East and Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America