Enterprise Data Management Market Overview:
The Enterprise Data Management (EDM) market is experiencing significant growth, driven by the ever-increasing volume of data that organizations are generating. This data needs to be effectively managed in order to be used for analytics, decision-making, and compliance purposes.
The Enterprise Data Management Market is projected to grow from USD 0.98 billion in 2024 to USD 1.937 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.74% during the forecast period (2024 - 2032). Additionally, the market size for Enterprise Data Management was valued at USD 1.067 billion in 2023.
Key Companies in the Enterprise Data Management market include
Broadcom (Symantec)
SAP SE
MindTree Ltd.
Micro Focus
Cloudera, Inc.
Teradata
Amazon Web Services, Inc
Talend
Enterworks (Winshuttle, LLC)
Micro Focus
Informatica
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There are several factors driving the growth of the EDM market, including:
The increasing volume of data: Organizations are generating more data than ever before, from a variety of sources such as customer transactions, sensor data, and social media. This data needs to be stored, managed, and analyzed in order to be useful.
The need for data governance: As the volume and complexity of data grows, organizations need to have effective data governance in place. This ensures that data is accurate, consistent, and secure.
The rise of big data and analytics: Big data and analytics are enabling organizations to extract new insights from their data. This is driving the need for EDM solutions that can help organizations manage and analyze their big data.
The growing importance of regulatory compliance: Organizations are subject to a growing number of regulations that require them to manage their data in a certain way. EDM solutions can help organizations comply with these regulations.
The EDM market is made up of a number of different segments, including:
By component type: The market is segmented into data integration, data quality, master data management, data governance, and data warehousing.
By deployment type: The market is segmented into on-premise, cloud, and hybrid.
By organization size: The market is segmented into large enterprises and small and medium-sized businesses (SMBs).
By end-use industry: The market is segmented into a variety of industries, such as banking, financial services, insurance, healthcare, retail, manufacturing, and government.
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