Global Master Data Management Market – Snapshot
According to a new market report published by Transparency Market Research titled “Master Data Management Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,” the global master data management market is expected to reach US$ 17,339.6 Mn by 2026, expanding at a CAGR of 15.7% from 2018 to 2026. North America held a prominent share of the master data management market in 2017 and is projected to be at the forefront of global demand. Also, the Asia Pacific master data management market is expected to expand at a significant CAGR.
Organizations currently have to deal with large volumes of information and as such they have to handle a large amount of data. In this data-driven environment, appropriate master data management is vital. Effective master data management in organizations ensures the availability of consistent and accurate source data for transactions and other business processes. Organizations have increased their spending on IT and IT infrastructure in order to avoid the costs incurred on processing raw master data. If incorrect data is processed and used in organizations, the time consumed on rework and data correction will be high, since wrong data is detected in the system. With the advent of Internet of Things (IoT) technology and the penetration of social media, the need to process data effectively has become vital across industries.
Multi-domain MDM solution segment to expand rapidly during the forecast period
By solution, the master data management market has been segmented into product MDM, customer MDM, supplier MDM, and multi-domain MDM solution. Multi-domain MDM solution is expected to be the fastest growing segment during the forecast period. There is a significant rise in the implementation and deployment of multi-domain MDM solutions on account of the operational benefits provided by these solutions to organizations. Multi-domain MDM solutions are cost-effective, easy to maintain, and prevent failure of the MDM platform within organizations.On the basis of deployment, the global master data management market is segmented into on-premise and cloud based. The cloud segment is expected to grow at the fastest rate due to its lesser cost and greater flexibility to scale up. By enterprise size, large enterprises led the global master data management market. This growth is mainly attributed to the growing adoption of multi-domain MDM solutions in large enterprises. Small and medium enterprises (SMEs) segment is expected to rise at the fastest during the forecast period. By industry, the master data management market is segmented into government, BFSI, IT and telecommunications, healthcare, energy and utility, transportation and logistics, manufacturing, retail, and others.
North America expected to hold a substantial share in the overall market
Based on geography, the global master data management market has been divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to hold a prominent share and account for more than 50% of the global market in 2026, followed by Europe. The U.S. master data management market accounted for the largest share compared to the Canada market dueto greater spending on IT solutions in the region.In Europe, the rising cloud spending by governments of countries such as the U.K., Germany, and France is observed to be one of the major reasons for massive cloud adoption in both the public and private sectors of Europe. As a part of the strategy, several vendors are investing in tools development specific to a particular application and are focused on new product developments, partnerships, and mergers and acquisitions in order to increase geographical reach in the global master data management market.
Major players operating in the global master data management market include IBM Corporation, Oracle Corporation, SAP SE, Informatica LLC, Stibo Systems A/S, Riversand Technologies, Inc., Orchestra Networks, Talend Inc., EnterWorks Acquisition, Inc., and TIBCO Software Inc. These players are focusing on acquisitions and new strategic collaborations in order to increase their market share in the global master data management market.
Global Master Data Management Market: Overview
The report on the global master data management market provides analysis for the period between 2016 and 2026, wherein 2017 is the base year, and 2018 to 2026 is the forecast period. Data for 2016 has been included as historical information. The study provides a comprehensive analysis of the expansion of the market during the forecast period, in terms of revenue estimates (in US$ Mn), across different geographies. The report covers market dynamics including drivers, restraints, opportunities, and trends expected to influence the expansion of the global master data management market during the said period. Technologies that are playing a major role in driving the market have also been considered in the study.
The report also covers key industry developments, and Porter’s Five Force analysis which identifies bargaining power of suppliers, bargaining power of buyers, threat from new entrants, threat from substitutes, and degree of competition in the master data management market. Ecosystem analysis which identifies key stakeholders in the market is covered in the report.
Global Master Data Management Market: Scope of the Report
The master data management market has been segmented based on solution, deployment type, enterprise size, industry, and region. The solution segment is classified into product MDM, customer MDM, supplier MDM, and multi-domain MDM solution. The deployment type segment includes on-premise and cloud based. The enterprise segment includes large enterprises and small and medium enterprises (SMEs). The industry segment includes government, BFSI, IT and telecommunications, health care, energy and utility, transportation and logistics, manufacturing, retail, and others. Geographically, the report classifies the global master data management market into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America; the regions are analyzed in terms of revenue generation. Furthermore, region-wise prominent countries covered in the report include the U.S, Canada, U.K., Germany, France,Japan, China, India, GCC countries, South Africa, and Brazil.
Global trends have also been added in the master data management study. Additionally, the report covers segment-wise comparison matrix, market attractiveness analysis, and market share analysis of key players for all regions covered in the scope of study.
Comparison matrix includes segment growth matrix, 2016– 2026 (%), segment revenue contribution, 2016 - 2026 (%), and segment compound annual growth rate (CAGR %). Market attractiveness identifies and compares market attractiveness of segments based on CAGR and market share index across North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.
Global Master Data Management Market: Research Methodology
Secondary research sources typically include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, vendorswhitepapers, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook, etc. These help us to validate and strengthen secondary research findings. These also help develop the analysis team’s market expertise and understanding.
Global Master Data Management Market: Competitive Dynamics
Furthermore, the report includes competition landscape which comprises market share analysis, market positioning of major players in the master data management market based on their 2017 revenues, and profiles of major players. Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings, and R&D focus are attributed to a company’s capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities, and future outlook are attributed to a company’s potential to grow. This section also identifies and includes various recent developments carried out by leading players of themaster data management market.
Company profiling includes company overview, major business strategies adopted, SWOT analysis, and market revenues between 2016 and 2018. The global players profiled in the global master data management market include IBM Corporation, Oracle Corporation, SAP SE, Informatica LLC, Stibo Systems A/S, Riversand Technologies, Inc., Orchestra Networks, Talend Inc., EnterWorks Acquisition, Inc., and TIBCO Software Inc.
Master Data Management Market Analysis, by Solution
- Product MDM
- Customer MDM
- Supplier MDM
- Multi-domain MDM
Master Data Management Market Analysis, by Deployment Type
- Cloud based
Master Data Management Market Analysis, by Enterprise Size
- Large Enterprises
- Small and Medium Enterprises (SMEs)
Master Data Management Market Analysis, by Industry
- IT and Telecommunications
- Energy and Utility
- Transportation and Logistics
Master Data Management Market Analysis, by Country/Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America