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Enterprise Data Management Market Size, Industry Trends, Historical Data, Growth Analysis Forecast to 2032

The global enterprise data management market size was worth around USD 81.54 Billion in 2021 and is predicted to grow to around USD 165.37 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 8.7% between 2022 and 2030.

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➤ Demand for data management and risk management solutions to increase market demand

Organizations must implement effective risk management tools to prevent data breaches, as the risk of data in an enterprise is increasing at an alarming rate. Inadequate data management can result in negative privacy implications. In addition, the utilization of enterprise data management (EDM) can significantly improve and optimize the overall productivity and decision-making processes of organizations. Furthermore, the global enterprise data management market is experiencing a significant increase in demand for real-time, accessible data from a variety of industries, including finance, energy, media & entertainment, and IT.

➤ The market’s expansion is impeded by businesses’ diminished technological expertise.

The global number of SMEs (small and medium enterprises) has experienced a remarkable increase; however, the market’s development is hindered by a lack of knowledge about technology and the poorly implemented enterprise management tools. Additionally, their inability to effectively adopt sophisticated technologies will impede market expansion due to their lack of resources. In addition, the adoption of contract management technology is significantly diminished, which has a significant impact on the market’s development, as SMEs are strongly influenced by legacy software and systems.

➤ The market growth opportunities are remunerative as a result of the amalgamation of cloud with data integration and the expansion of AI and visual analytics.

The demand for data integration has increased at an exponential rate, in conjunction with the integration of cloud and visual analytics. Additionally, artificial intelligence has significantly facilitated the synthesis of real-time data for the purpose of problem-solving and decision-making by expediting real-time analysis. Furthermore, the AI capabilities of analytics were further enhanced by the introduction of AI-powered products. Additionally, cloud technology can effectively identify data regulation at a significantly reduced cost. The global enterprise data management market is presented with lucrative opportunities for expansion as a result of these factors.

➤ The market growth is significantly impeded by the increasing concerns regarding data security.

The global rise in digitization has resulted in a rise in cybercrimes. Consequently, the likelihood of hackers infiltrating a platform that is weakly encrypted or vulnerable increases. Data assimilation in the healthcare sector is becoming increasingly challenging due to the increasing prevalence of these cases. Furthermore, the prevalence of open-source solutions and the ease of accessibility are anticipated to pose a significant obstacle to the market’s expansion.

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The Global Enterprise Data Management Market is segmented based on product, application and region

Global Enterprise Data Management Market: Product Segment Analysis

● Software
● Services

Global Enterprise Data Management Market: Application Segment Analysis

● Cloud
● On-Premise

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The global Enterprise Data Management market profiles key players such as:

● Oracle Corporation
● Mindtree Ltd.
● Talend
● Amazon Web Services (AWS)
● Commvault
● Broadcom (Symantec)
● Cloudera Inc.
● Informatica Inc.
● IBM Corporation
● Teradata Corporation
● EnterWorks Inc.
● GoldenSource Corporation
● Ataccama
● MapR
● MuleSoft LLC
● Actian
● SAS Institute Inc.
● Zaloni Inc

???? Recent Developments:

• Schlumberger, a technology company that is dominant, announced the commercial launch of Schlumberger Enterprise Data Solution in September 2022. The company asserts that its new solution is propelled by Microsoft Energy Data Services, which will enable customers to make data-driven decisions at a significantly faster pace through the integration of their cloud-native solutions. This singular, open, and harmonious platform is equipped with artificial intelligence (AI) tools and constructive data management to enable data-driven decision-making at various levels of enterprises.

• Informatica, a leading enterprise cloud data management company, announced the launch of Informatica Enterprise Data Integrator in June 2022 in collaboration with Snowflake, a data cloud firm. The new Informatica Enterprise Data Integrator will be accessible on the Snowflake marketplace to assist customers in utilizing enterprise data source integrations for a variety of applications, including Salesforce, Google, SAP, Oracle, and Microsoft. These integrations are directly provided by the IDMC platform from the popular Snowflake accounts.

➤ The market is anticipated to be dominated by the North American region during the forecast period.

In 2021, the North American region held the largest global enterprise data management market share at over 35.5%, and this trend is anticipated to persist throughout the forecast period. The increasing adoption of innovative technologies, including cloud, big data analytics, machine learning, internet of things (IoT), artificial intelligence (AI), and analytics, across business operations in multiple industries in this region is the primary reason for the exponential rise in demand for enterprise data management. Additionally, this region is the birthplace of numerous prominent technology companies, including Oracle Corporation, IBM Corporation, Amazon Web Services, and Microsoft Corporation, which have established a robust presence in the market.

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