Master Data Management Market Introduction and Overview
According to SPER Market Research, the Global Master Data Management Market is estimated to reach USD 86.86 billion by 2033 with a CAGR of 16.59%.
The report includes an in-depth analysis of the Global Master Data Management Market, including market size and trends, product mix, Applications, and supplier analysis. The process of producing and keeping a single, accurate, and consistent version of master data across an organization is known as master data management, or MDM. Important corporate data entities like personnel files, supplier data, and customer, product, and supplier information are all included in master data. With the aid of MDM, this master data is standardized, cleaned, and synchronized throughout the organization's numerous systems and applications. Giving various business units and apps access to a reliable and authoritative source of master data is the primary goal of MDM. By establishing a single version of the truth for master data, MDM helps organizations to enhance data governance, eliminate data duplication, and enhance data quality.
- In February 2023: Talend released an update to its end-to-end platform for data discovery, transformation, governance, and sharing called Talend Data Fabric, along with improvements to its master data management. With the addition of data observability, data professionals can now provide reliable data for self-service data access and automatically and proactively monitor the quality of their data over time. Users can easily find data blind spots and find new datasets by using dataset crawling or tags.
- IBM Corporation improved InfoSphere master data management 12.0 in March 2021. This version offers faster task resolution decisions with machine learning assisted stewardship and better compliance support. Additionally, IBM InfoSphere Global Name Management 7.0 and IBM InfoSphere Identity Insight 10.0 offer enhanced usability.
Market Opportunities and Challenges
A number of significant factors create opportunities for master data management Market, or MDM, into strong growth. One of the main factors affecting the market's growth during the forecast period is the increase in the volume and complexity of data, as well as the growing need for data governance and regulatory compliance. An approach that is centralized and standardized is essential for managing critical data in businesses that operate in diverse markets and expand their reach across geographic boundaries. A unified, accurate, and consistent version of master data, including supplier, customer, and product details, can be created, managed, and maintained by organizations using MDM solutions, which offer a comprehensive framework for doing so.
The master data management (MDM) market faces a number of obstacles. The sheer amount and variety of data that businesses produce is a major obstacle, particularly in the big data, Internet of Things, and multi-channel customer interaction era. For MDM implementations, managing and combining this enormous amount of data while maintaining accuracy and consistency presents formidable challenges. Furthermore, compatibility problems are brought on by the ongoing changes in data sources and formats, which makes it difficult for MDM solutions to work seamlessly with different systems. Establishing a data-driven culture and overcoming resistance to change are two more organizational and cultural challenges that many businesses face.
Market Competitive Landscape
Oracle Corporation, Broadcom Inc., Cloud Software Group, Inc., Ataccama, IBM, SAP SE, SAS Institute Inc., and Informatica Inc. are some of the major companies in the master data management market. In addition, it displays the tactics employed by the major players in the master data management industry to increase their market share and maintain competitiveness.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Mode of Delivery, By End User
|
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
|
| Companies Covered | Oracle Corporation, Amazon Web Services, Talend, Ataccama, Broadcom Inc, SAP SE, SAS Institute Inc., IBM, Cloud Software Group, Inc., Informatica Inc.
|
COVID-19 Impact on Global Master Data Management Market
The COVID-19 pandemic had a major effect on the master data management (MDM) market. The global health crisis has brought opportunities as well as challenges to the industry, even with the robust demand for MDM solutions overall. One of the main effects of COVID-19 on the MDM market is the increased need for reliable and accurate data management. Organizations needed to quickly adapt to shifting consumer preferences, shifting business environments, and supply chain interruptions. Research has highlighted the importance of implementing a robust MDM strategy to ensure data consistency across systems and facilitate agile decision-making. Businesses were investing in MDM solutions to manage and govern their master data more effectively.
Key Target Audience
- Enterprise-Level Organizations
- Global Corporations
- Data-Intensive Industries
- Chief Information Officers (CIOs)
- Chief Data Officers (CDOs)
- Data Governance Professionals
- IT Managers and Directors
- Business Intelligence and Analytics Teams
Our in-depth analysis of the Master Data Management Market includes the following segments:
|
By Component: |
Solution
Services
|
|
By Deployments Model: |
On-premise
Cloud
|
|
By Enterprise size: |
Large Enterprise
Small and Medium-sized Enterprise
|
Key Topics Covered in the Report- Global Master Data Management Market Size (FY’2023-FY’2033)
- Overview of Global Master Data Management Market
- Segmentation of Global Master Data Management Market By Component (Solution, Services)
- Segmentation of Global Master Data Management Market By Deployment Model (On-Premise, Cloud)
- Segmentation of Global Master Data Management Market By Enterprise size (Large Enterprise, Small and Medium-sized Enterprise)
- Segmentation of Global Master Data Management Market By End User (BFSI, IT and Telecom, Government, Manufacturing, Healthcare, Retail and E-commerce, Others)
- Statistical Snap of Global Master Data Management Market
- Expansion Analysis of Global Master Data Management Market
- Problems and Obstacles in Global Master Data Management Market
- Competitive Landscape in the Global Master Data Management Market
- Impact of COVID-19 and Demonetization on Global Master Data Management Market
- Details on Current Investment in Global Master Data Management Market
- Competitive Analysis of Global Master Data Management Market
- Prominent Players in the Global Master Data Management Market
- SWOT Analysis of Global Master Data Management Market
- Global Master Data Management Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Master Data Management Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Master Data Management Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Master Data Management Market
7. Global Master Data Management Market, By Component (USD Million)
7.1. Global Master Data Management Market Value Share and Forecast, By Component, 2023-2033
7.2. Solution
7.3. Services
8. Global Master Data Management Market, By Deployments Model (USD Million)
8.1. Global Master Data Management Market Value Share and Forecast, By Deployments Model, 2023-2033
8.2. On-premise
8.3. Cloud
9. Global Master Data Management Market, By Enterprise size (USD Million)
9.1. Global Master Data Management Market Value Share and Forecast, By Enterprise size, 2023-2033
9.2. Large Enterprise
9.3. Small and Medium-sized Enterprise
10. Global Master Data Management Market, By End User (USD Million)
10.1. Global Master Data Management Market Value Share and Forecast, By End User, 2023-2033
10.2. BFSI
10.3. IT and Telecom
10.4. Government
10.5. Manufacturing
10.6. Healthcare
10.7. Retail and E-commerce
10.8. Others
11. Global Master Data Management Market Forecast, 2023-2033 (USD Million)
11.1. Global Master Data Management Market Size and Market Share
12. Global Master Data Management Market, By Component, 2019-2033 (USD Million)
12.1. Global Master Data Management Market Size and Market Share By Component (2019-2026)
12.2. Global Master Data Management Market Size and Market Share By Component (2027-2033)
13. Global Master Data Management Market, By Deployments Model, 2019-2033 (USD Million)
13.1. Global Master Data Management Market Size and Market Share By Deployments Model (2019-2026)
13.2. Global Master Data Management Market Size and Market Share By Deployments Model (2027-2033)
14. Global Master Data Management Market, By Enterprise size, 2019-2033 (USD Million)
14.1. Global Master Data Management Market Size and Market Share By Enterprise size (2019-2026)
14.2. Global Master Data Management Market Size and Market Share By Enterprise size (2027-2033)
15. Global Master Data Management Market, By End User, 2019-2033 (USD Million)
15.1. Global Master Data Management Market Size and Market Share By End User (2019-2026)
15.2. Global Master Data Management Market Size and Market Share By End User (2027-2033)
16. Global Master Data Management Market, By Region, 2019-2033 (USD Million)
16.1. Global Master Data Management Market Size and Market Share By Region (2019-2026)
16.2. Global Master Data Management Market Size and Market Share By Region (2027-2033)
16.3. Asia-Pacific
16.3.1. Australia
16.3.2. China
16.3.3. India
16.3.4. Japan
16.3.5. South Korea
16.3.6. Rest of Asia-Pacific
16.4. Europe
16.4.1. France
16.4.2. Germany
16.4.3. Italy
16.4.4. Spain
16.4.5. United Kingdom
16.4.6. Rest of Europe
16.5. Middle East and Africa
16.5.1. Kingdom of Saudi Arabia
16.5.2. United Arab Emirates
16.5.3. Rest of Middle East & Africa
16.6. North America
16.6.1. Canada
16.6.2. Mexico
16.6.3. United States
16.7. Latin America
16.7.1. Argentina
16.7.2. Brazil
16.7.3. Rest of Latin America
17. Company Profile
17.1. Amazon Web Services
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Ataccama
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Broadcom Inc
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. Cloud Software Group, Inc.
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. IBM
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Informatica Inc.
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Oracle Corporation
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. SAP SE
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. SAS Institute Inc.
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. Talend
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
