Master Data Management Market valued approximately USD 12.69 billion in 2017 is anticipated to grow with a healthy growth rate of more than 20.85% over the forecast period 2018-2025. With the surge inaccessibility to ubiquitously gain access to one’s organizational master data, the small and medium-sized businesses (SMBs) and large enterprises are extensively adopting master data management solutions to harmonize, prioritize, synchronize and standardize their business processes, and augment collaboration. Further, the presence of an efficient master data management solution within the organization facilitates them to streamline their business processes. This is accomplished through competent master data management applications which provide channelization of their product portrayal data, fortify their customer interactions, accurately manage vendor accounts, enable the customized view of their site data, and accountancy for their asset data. Likewise, the master data management services which include consulting, implementation, and training and support are largely provided by the master data management service vendors to help users maintain their deployed master data management software applications. Currently, multi-domain master data applications enabled with cross-data domain features are widely being considered for facilitating transactional and non-transactional data flow across organizations. This has in turn also revolutionized the businesses and market outreach for the chief stakeholders in the master data management ecosystem which include master data management software providers, master data management platform providers, and cloud-based master data management services vendors as it has provided them with the increase in revenue potentials. Further, besides providing users with an enhanced experience, master data management has also leveraged the stakeholders to retain their privileged customers, allure new clients, and enhance business value for its users.
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The regional analysis of Master Data Management Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. In a region such as Asia-Pacific, Middle-East and Africa, rise in usage of passenger vehicles set the growth in Master Data Management Market over the forecasted period 2018-2025. Asia-Pacific is estimated to hold a prominent share of the Master Data Management market. Developing countries, such as India and China, are significant players boosting the demand for the Master Data Management Market. Europe, North America, and the Middle East and Africa are continuously witnessing infrastructural growth which fueling the demand of Master Data Management Market over the coming years. Asia Pacific region is contributing towards the growth of the global Master Data Management Market and anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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By End User:
IT and Telecom
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
The leading Market players mainly include-
> SAP AG
> SAS Institute, Inc.
> IBM Corporation
> Oracle Corporation
> Tibco Software, Inc.
> Informatica Corporation
> Teradata Corporation
> Orchestra Networks
> Riversand Technologies, Inc.
Target Audience of the Master Data Management Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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