As a result of the growing adoption of the Internet of Things (IoT) devices, global enterprise data management is expected to flourish and secure USD 208.9 Billion, while recording a CAGR of 8.4% during the timeframe of 2022 to 2032. The market is likely to garner USD 93.5 Billion in 2022, which is a 1.1x expansion against the revenue of 2021, USD 85.4 Billion.
The growing popularity of IoT and the growing need for on-time data delivery are expected to develop the market in the coming time. Also, rising demand for data integration and usage of visual analytics have been recognized as lucrative opportunities for the industry in the forecast period.
| Attribute | Details |
|---|---|
| Anticipated Base Year Value (2021) | USD 85.4 Billion |
| Expected Market Value (2022) | USD 93.5 Billion |
| Projected Forecast Value (2032) | USD 208.9 Billion |
| Global Growth Rate (2022 to 2032) | 8.4% |
| Anticipated Market Size of the USA | USD 72.8 Billion |
| Estimated CAGR of China (2022 to 2032) | 7.7% |
| Expected Market Size of the UK | USD 9 Billion |
| Key Players in the Global Enterprise Data Management Market | IBM Corporation; SAS Institute Inc.; Teradata Corporation; Oracle Corporation; SAP SE |
The increasing need to manage the massive data generated in various enterprises across the globe is expected to as a significant catalyst in augmenting the market size. Also, the rising need for on-time data delivery and increasing demand for data management among enterprises are expected to boost the expansion of the market.
The proliferation of big data technology and data analytics is predicted to grow the market size in the forecast period. Increasing demand for data integration and visual analytics is expected to benefit the market.
The application of AI in cognitive media solutions enables the real-time synthesizing of data for better decision-making by allowing real-time analysis. In addition, players are taking various initiatives to expand their reach. In May 2022, SAS, BC Platforms partnered with analytics giant SAS on the analysis of genomic. Such initiatives are expected to benefit the industry in assessment tenure.
By industry vertical, the banking, financial services, and insurance segment is expected to witness tremendous growth during the stint of 2022 to 2032. With the sector being volatile, it handles massive data such as customer information, financial transaction, and product and service purchase history among others. This has resulted in a notable demand for an efficient enterprise data management system in the BFSI sector. It is expected to propel the market size from 2022 to 2032.
The increasing inclination of organizations toward data integration is expected to play a salient role in driving the market in the forecast period. Enterprises adopt various data integration tools across several applications that boost digital transformation.
Therefore, enterprises are focusing to develop better tools to manage and store data. In May 2022, Google Cloud developed cloud and edge systems focused to assist manufacturers to enhance operation efficiency by collecting soiled assets, process, and standardized data.
The tool is assisted by manufacturing analytics and insights, machine-level anomaly, and predictive maintenance. Such initiatives are expected to benefit the enterprise data management market in the forthcoming period.
In addition, the advent of the Industrial Internet of Things (IIoT) is expected to drive the market during the time span of 2022 to 2032. As per a report published by Analytics Insight 2020, with the rise of IIoT, the demand for data integration has increased considerably. The IIoT and data integration platforms work together to produce a digital supply chain that enables players to regulate players to offer raw materials to the plant and finished goods to consumers.
Furthermore, other benefits such as; access to high-data quality for appropriate analysis, assuring the security of data, consolidation of data across various sources for enhanced efficiency, and consistency of data architecture that scales with the organization, among others, are likely to augment the market size in the forecast period. Owing to such factors, the market is set to flourish in the coming period.
The incorporation of the cloud with data integration is expected to offer remunerative opportunities for expansion to the global enterprise data management market. As per an article published by NetApp in January 2020, a USA-based hybrid cloud data services and data management company, there has been an increased demand to incorporate heterogeneous cloud systems.
The incorporation of software is based on analytical models that regulate the massive amount of data. The demand for data regulation can be monitored by cloud technology in a secure environment at a low cost. The benefits offered have motivated players to collaborate with each other, which has augmented the market size. For instance, in April 2022, Crux, a renowned player in external data integration solutions, announced that it had extended its partnership with Google Cloud. Google Cloud also announced the launch of Analytics Hub, which is a data exchange platform that enables one to securely exchange data assets across organizations to acknowledge challenges of data reliability and cost.
Evolved technologies such as; AWS or an OpenStack data center are focused on data integration and integrity software within public cloud platforms. Owing to such positive factors, the market is likely to witness significant remunerative opportunities for expansion in the assessment tenure.
Growing concerns about data security are likely to limit the market growth in the forecast period. The platform is vulnerable and can be encroached on by hackers.
As per a report published by Empeek OU in February 2021, among the most significant obstacles to data integration in the healthcare sector, about 94% reported data security.
Also, the growing accessibility and presence of open-source solutions are expected to hinder market expansion in the forecast period. In addition, efficient handling of large data, compliance, and privacy requirements are other causes that can hinder industry growth.
However, with increasing demand for risk management and software among enterprises, the market is expected to witness significant opportunities, which will also act as a counter to the impeding cause and propel the market growth in the forecast period.
Based on components, the global enterprise data management market can be segregated into software and services. As per the analysis, the global enterprise data management market is dominated by software. The segment is estimated to record a CAGR of 7.6% in the forecast period.
This software helps organizations in augmenting their revenue by monitoring production, thereby, attracting clients. Also, there has been a significant rise in the number of startups and small and medium-sized businesses.
These enterprises opt for data management software to expand their reach and augment their revenue. Owing to such factors, the segment is likely to expand significantly.
What Growth Prospects will unravel across the USA market?
According to FMI, the global enterprise data management market is expected to be dominated by North America. Among all, the USA is projected to lead the regional market during the timeframe of 2022 to 2032. The country is likely to garner USD 72.8 Billion while expanding at a CAGR of 8.1% in the forecast period.
Growth of the region can be attributed to the increasing focus of established companies such as; Amazon Web Services, IBM, and Oracle, among others, towards the adoption of next-generation technologies big data analytics, IoT, AI, and machine learning.
Besides, increasing investment of end-users in cloud services is likely to propel the industry in the forecast period. In addition, with increasing partnerships and acquisitions, the market is likely to flourish notably in the assessment period. For instance, in May 2021, a USA-based data integrity company, Precisely, completed the acquisition of Infogix, a data quality vendor. Such initiatives are likely to benefit the market in the region, thereby, expanding the market reach in the assessment period.
How will Asia Pacific countries fare in the Enterprise Data Management Market?
Asia Pacific is anticipated to be the most lucrative market in the forecast period. As per the analysis, China is projected to dominate the industry in the assessment period. The country is estimated at a market value of USD 14.6 Billion while recording a CAGR of 7.7% from 2022 to 2032. The development of the regional market can be attributed to the presence of various small players.
Also, there has been a significant influx of demand for the end-user sectors such as; healthcare, BFSI, and others. Moreover, there has been a rise in investment among players in the market, which is likely to strengthen the market in the forecast period. In addition, the contribution of developing countries such as; Japan, India, and South Korea is of significance. According to FMI, Japan and South Korea have been estimated at a market value of USD 11.8 Billion and USD 7.3 Billion while recording a CAGR of 7% and 6% during the stint of 2022 to 2032.
| Country | Estimated CAGR |
|---|---|
| USA | 8.1% |
| UK | 7.4% |
| China | 7.7% |
| Japan | 7% |
| South Korea | 6% |
Key players in the global enterprise data management market include SAS Institute Inc., IBM Corporation, Oracle Corporation, Teradata Corporation, and SAP SE, among others. Recent developments in the industry are:
Table 1: Global Market Value (US$ Million), By Component, 2015 to 2021
Table 2: Global Market Value (US$ Million), By Component, 2022 to 2032
Table 3: Global Market Value (US$ Million), By Industry Vertical, 2015 to 2021
Table 4: Global Market Value (US$ Million), By Industry Vertical, 2022 to 2032
Table 5: Global Market Value (US$ Million), By Deployment Mode, 2015 to 2021
Table 6: Global Market Value (US$ Million), By Deployment Mode, 2022 to 2032
Table 7: Global Market Value (US$ Million), By Organization Size, 2015 to 2021
Table 8: Global Market Value (US$ Million), By Organization Size, 2022 to 2032
Table 9: Global Market, By Region, 2015 to 2021
Table 10: Global Market, By Region, 2022 to 2032
Table 11: North America Market Value (US$ Million), By Component, 2015 to 2021
Table 12: North America Market Value (US$ Million), By Component, 2022 to 2032
Table 13: North America Market Value (US$ Million), By Industry Vertical, 2015 to 2021
Table 14: North America Market Value (US$ Million), By Industry Vertical, 2022 to 2032
Table 15: North America Market Value (US$ Million), By Deployment Mode, 2015 to 2021
Table 16: North America Market Value (US$ Million), By Deployment Mode, 2022 to 2032
Table 17: North America Market Value (US$ Million), By Organization Size, 2015 to 2021
Table 18: North America Market Value (US$ Million), By Organization Size, 2022 to 2032
Table 19: North America Market, By Country, 2015 to 2021
Table 20: North America Market, By Country, 2022 to 2032
Table 21: Latin America Market Value (US$ Million), By Component, 2015 to 2021
Table 22: Latin America Market Value (US$ Million), By Component, 2022 to 2032
Table 23: Latin America Market Value (US$ Million), By Industry Vertical, 2015 to 2021
Table 24: Latin America Market Value (US$ Million), By Industry Vertical, 2022 to 2032
Table 25: Latin America Market Value (US$ Million), By Deployment Mode, 2015 to 2021
Table 26: Latin America Market Value (US$ Million), By Deployment Mode, 2022 to 2032
Table 27: Latin America Market Value (US$ Million), By Organization Size, 2015 to 2021
Table 28: Latin America Market Value (US$ Million), By Organization Size, 2022 to 2032
Table 29: Latin America Market, By Country, 2015 to 2021
Table 30: Latin America Market, By Country, 2022 to 2032
Table 31: Europe Market Value (US$ Million), By Component, 2015 to 2021
Table 32: Europe Market Value (US$ Million), By Component, 2022 to 2032
Table 33: Europe Market Value (US$ Million), By Industry Vertical, 2015 to 2021
Table 34: Europe Market Value (US$ Million), By Industry Vertical, 2022 to 2032
Table 35: Europe Market Value (US$ Million), By Deployment Mode, 2015 to 2021
Table 36: Europe Market Value (US$ Million), By Deployment Mode, 2022 to 2032
Table 37: Europe Market Value (US$ Million), By Organization Size, 2015 to 2021
Table 38: Europe Market Value (US$ Million), By Organization Size, 2022 to 2032
Table 39: Europe Market, By Country, 2015 to 2021
Table 40: Europe Market, By Country, 2022 to 2032
Table 41: Asia Pacific Market Value (US$ Million), By Component, 2015 to 2021
Table 42: Asia Pacific Market Value (US$ Million), By Component, 2022 to 2032
Table 43: Asia Pacific Market Value (US$ Million), By Industry Vertical, 2015 to 2021
Table 44: Asia Pacific Market Value (US$ Million), By Industry Vertical, 2022 to 2032
Table 45: Asia Pacific Market Value (US$ Million), By Deployment Mode, 2015 to 2021
Table 46: Asia Pacific Market Value (US$ Million), By Deployment Mode, 2022 to 2032
Table 47: Asia Pacific Market Value (US$ Million), By Organization Size, 2015 to 2021
Table 48: Asia Pacific Market Value (US$ Million), By Organization Size, 2022 to 2032
Table 49: Asia Pacific Market, By Country, 2015 to 2021
Table 50: Asia Pacific Market, By Country, 2022 to 2032
Table 51: MEA Market Value (US$ Million), By Component, 2015 to 2021
Table 52: MEA Market Value (US$ Million), By Component, 2022 to 2032
Table 53: MEA Market Value (US$ Million), By Industry Vertical, 2015 to 2021
Table 54: MEA Market Value (US$ Million), By Industry Vertical, 2022 to 2032
Table 55: MEA Market Value (US$ Million), By Deployment Mode, 2015 to 2021
Table 56: MEA Market Value (US$ Million), By Deployment Mode, 2022 to 2032
Table 57: MEA Market Value (US$ Million), By Organization Size, 2015 to 2021
Table 58: MEA Market Value (US$ Million), By Organization Size, 2022 to 2032
Table 59: MEA Market, By Country, 2015 to 2021
Table 60: MEA Market, By Country, 2022 to 2032
Figure 1: Global Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 2: Global Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Million
Figure 3: Global Market Share, By Component, 2022 & 2032
Figure 4: Global Market Y-o-Y Growth Projections, Organization Size - 2022 to 2032
Figure 5: Global Market Attractiveness Index, Organization Size - 2022 to 2032
Figure 6: Global Market Share, By Industry Vertical, 2022 & 2032
Figure 7: Global Market Y-o-Y Growth Projections, By Industry Vertical - 2022 to 2032
Figure 8: Global Market Attractiveness Index, By Industry Vertical - 2022 to 2032
Figure 9: Global Market Share, By Organization Size, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Projections, By Organization Size - 2022 to 2032
Figure 11: Global Market Attractiveness Index, By Organization Size - 2022 to 2032
Figure 12: Global Market Share, By Deployment Mode, 2022 & 2032
Figure 13: Global Market Y-o-Y Growth Projections, By Deployment Mode - 2022 to 2032
Figure 14: Global Market Attractiveness Index, By Deployment Mode - 2022 to 2032
Figure 15: Global Market Share, By Region, 2022 & 2032
Figure 16: Global Market Y-o-Y Growth Projections, By Region - 2022 to 2032
Figure 17: Global Market Attractiveness Index, By Region - 2022 to 2032
Figure 18: North America Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 19: North America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period(2022 to 2032), US$ Million
Figure 20: North America Market Share, By Component, 2022 & 2032
Figure 21: North America Market Y-o-Y Growth Projections, By Component - 2022 to 2032
Figure 22: North America Market Attractiveness Index, By Component - 2022 to 2032
Figure 23: North America Market Share, By Industry Vertical, 2022 & 2032
Figure 24: North America Market Y-o-Y Growth Projections, By Industry Vertical - 2022 to 2032
Figure 25: North America Market Attractiveness Index, By Industry Vertical - 2022 to 2032
Figure 26: North America Market Share, By Organization Size, 2022 & 2032
Figure 27: North America Market Y-o-Y Growth Projections, By Organization Size - 2022 to 2032
Figure 28: North America Market Attractiveness Index, By Organization Size - 2022 to 2032
Figure 29: North America Market Share, By Deployment Mode, 2022 & 2032
Figure 30: North America Market Y-o-Y Growth Projections, By Deployment Mode - 2022 to 2032
Figure 31: North America Market Attractiveness Index, By Deployment Mode - 2022 to 2032
Figure 32: North America Market Share, By Country, 2022 & 2032
Figure 33: North America Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 34: North America Market Attractiveness Index, By Country - 2022 to 2032
Figure 35: Latin America Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 36: Latin America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period(2022 to 2032), US$ Million
Figure 37: Latin America Market Share, By Component, 2022 & 2032
Figure 38: Latin America Market Y-o-Y Growth Projections, By Component- 2022 to 2032
Figure 39: Latin America Market Attractiveness Index, By Component - 2022 to 2032
Figure 40: Latin America Market Share, By Industry Vertical, 2022 & 2032
Figure 41: Latin America Market Y-o-Y Growth Projections, By Industry Vertical - 2022 to 2032
Figure 42: Latin America Market Attractiveness Index, By Industry Vertical - 2022 to 2032
Figure 43: Latin America Market Share, By Organization Size, 2022 & 2032
Figure 44: Latin America Market Y-o-Y Growth Projections, By Organization Size - 2022 to 2032
Figure 45: Latin America Market Attractiveness Index, By Organization Size - 2022 to 2032
Figure 46: Latin America Market Share, By Deployment Mode, 2022 & 2032
Figure 47: Latin America Market Y-o-Y Growth Projections, By Deployment Mode - 2022 to 2032
Figure 48: Latin America Market Attractiveness Index, By Deployment Mode - 2022 to 2032
Figure 49: Latin America Market Share, By Country, 2022 & 2032
Figure 50: Latin America Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 51: Latin America Market Attractiveness Index, By Country - 2022 to 2032
Figure 52: Europe Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 53: Europe Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 54: Europe Market Share, By Component, 2022 & 2032
Figure 55: Europe Market Y-o-Y Growth Projections, By Component - 2022 to 2032
Figure 56: Europe Market Attractiveness Index, By Component - 2022 to 2032
Figure 57: Europe Market Share, By Industry Vertical, 2022 & 2032
Figure 58: Europe Market Y-o-Y Growth Projections, By Industry Vertical - 2022 to 2032
Figure 59: Europe Market Attractiveness Index, By Industry Vertical - 2022 to 2032
Figure 60: Europe Market Share, By Organization Size, 2022 & 2032
Figure 61: Europe Market Y-o-Y Growth Projections, By Organization Size - 2022 to 2032
Figure 62: Europe Market Attractiveness Index, By Organization Size - 2022 to 2032
Figure 63: Europe Market Share, By Deployment Mode, 2022 & 2032
Figure 64: Europe Market Y-o-Y Growth Projections, By Deployment Mode - 2022 to 2032
Figure 65: Europe Market Attractiveness Index, By Deployment Mode - 2022 to 2032
Figure 66: Europe Market Share, By Country, 2022 & 2032
Figure 67: Europe Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 68: Europe Market Attractiveness Index, By Country - 2022 to 2032
Figure 69: MEA Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 70: MEA Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 71: MEA Market Share, By Component,2022 & 2032
Figure 72: MEA Market Y-o-Y Growth Projections, By Component - 2022 to 2032
Figure 73: MEA Market Attractiveness Index, By Component - 2022 to 2032
Figure 74: MEA Market Share, By Industry Vertical, 2022 & 2032
Figure 75: MEA Market Y-o-Y Growth Projections, By Industry Vertical - 2022 to 2032
Figure 76: MEA Market Attractiveness Index, By Industry Vertical - 2022 to 2032
Figure 77: MEA Market Share, By Organization Size, 2022 & 2032
Figure 78: MEA Market Y-o-Y Growth Projections, By Organization Size - 2022 to 2032
Figure 79: MEA Market Attractiveness Index, By Organization Size - 2022 to 2032
Figure 80: MEA Market Share, By Deployment Mode, 2022 & 2032
Figure 81: MEA Market Y-o-Y Growth Projections, By Deployment Mode - 2022 to 2032
Figure 82: MEA Market Attractiveness Index, By Deployment Mode - 2022 to 2032
Figure 83: MEA Market Share, By Country, 2022 & 2032
Figure 84: MEA Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 85: MEA Market Attractiveness Index, By Country - 2022 to 2032
Figure 86: Asia Pacific Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 87: Asia Pacific Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 88: Asia Pacific Market Share, By Component, 2022 & 2032
Figure 89: Asia Pacific Market Y-o-Y Growth Projections, By Component- 2022 to 2032
Figure 90: Asia Pacific Market Attractiveness Index, By Component - 2022 to 2032
Figure 91: Asia Pacific Market Share, By Industry Vertical, 2022 & 2032
Figure 92: Asia Pacific Market Y-o-Y Growth Projections, By Industry Vertical - 2022 to 2032
Figure 93: Asia Pacific Market Attractiveness Index, By Industry Vertical - 2022 to 2032
Figure 94: Asia Pacific Market Share, By Organization Size, 2022 & 2032
Figure 95: Asia Pacific Market Y-o-Y Growth Projections, By Organization Size - 2022 to 2032
Figure 96: Asia Pacific Market Attractiveness Index, By Organization Size - 2022 to 2032
Figure 97: Asia Pacific Market Share, By Deployment Mode, 2022 & 2032
Figure 98: Asia Pacific Market Y-o-Y Growth Projections, By Deployment Mode - 2022 to 2032
Figure 99: Asia Pacific Market Attractiveness Index, By Deployment Mode - 2022 to 2032
Figure 100: Asia Pacific Market Share, By Country, 2022 & 2032
Figure 101: Asia Pacific Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 102: Asia Pacific Market Attractiveness Index, By Country - 2022 to 2032
The global enterprise data management market is expected to secure a market value of USD 208.9 Billion by 2032
The global enterprise data management market is expected to hold a value of USD 93.5 billion in 2022
The USA market is expected to value USD 72.8 million by 2032.
Japan is projected to garner a market value of USD 11.8 billion by 2032
Software segment is anticipated to expand at a CAGR of 7.6% from 2022 to 2032
China is predicted to exhibit a CAGR of 7.7% during the forecast period
UK is expected to hold a market value of USD 9 billion by 2032
The cloud segment, by deployment mode, is predicted to exhibit a growth rate of 7.7% in the forecast period.
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Enterprise Data Management Market
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