Master Data Management Market

Master Data Management Market by Component (Solutions & Services), Data Type, Deployment Type (Cloud & On-Premises), Organization Size (SMEs & Large Enterprises), Vertical (BFSI, Retail, Manufacturing, Healthcare), and Region - Global Forecast to 2023

Report Code: TC 3335 Feb, 2019, by marketsandmarkets.com

[116 Pages Report] The master data management market size is projected to grow from USD 9.5 billion in 2018 to USD 22.0 billion by 2023, at a CAGR of 18.3% from 2018 to 2023. The major factors driving the market include the increasing use of data quality tools for data management and the rising need for compliance.

                                                         Attractive Opportunities in the Master Data Management Market

Master Data Management Market

                                                                                   Source: MarketsandMarkets Analysis

Market Dynamics in Master Data Management Market

Driver ­- Increase in the use of data quality tools for data management

The significant volumes of data gathered across an organization is channelized through master data management solutions and services to store data at a single location and provide data security. Likewise, compliance demands are met by data governance. The increase in data churn requires robust data quality tools to enhance operational excellence. Data quality is the first step towards the implementation of master data management which is a powerful tool that allows organizations to map the phases of information flow and document data transformation. Master data management solutions automatically update records and cleanse redundant data, whereas data quality tools ensure data accuracy. This has enabled organizations to consolidate the implementation of master data management solutions along with data quality tools. For instance, data quality maintenance is of the highest importance for organizations in the BFSI sector. According to BI-SURVEY.com in 2017, Northern Europe and IT users rated master data & data quality management very important. Data quality tools help reduce data duplication, reduce rework, and maintain accurate data records. Consolidation of data is becoming an important aspect for organizations, who have started to realize the importance of data quality. This factor is leading to high demand for master data management solutions and is thus driving the master data management market.

Restraint – Data security issues

In the present times of growing data management and maintenance solutions, master data management software and services are evolving as an optimum solution to structure and maintain data. However, the growth of this market is restricted due to the prevailing concerns regarding the security of data among users. Currently, organizations operate in data-driven business environments, increasing the risk of advanced data breaches, cyber-attacks, and phishing attacks. Several problems are encountered due to data being present in disparate systems which increases the security threats to the data. However, isolated data systems are a restraint for many organizations where the threat of security breaches and dispersed data is high. According to the sixth annual benchmark study on the privacy & security of healthcare data conducted by the Ponemon Institute LLC in May 2016, healthcare organizations are at greater risk of data breaches than other industries. This is one of the prime reasons hindering the adoption of master data management solutions. Users refrain from using these solutions as they fear losing their crucial master data and reference data if data errors occur during compilation or upgradation. Further, users are under the impression that the privacy of their data is at risk, and there would not be any accountability for data losses or thefts or any mitigation that would help them if they adopt these solutions. This, in reality, is a misconception hampering the adoption of master data management solutions. Moreover, users also fear losing the authenticity of their data. Hence, despite assurances and provisions of data security solutions by vendors, apprehensions continue to prevail.

Opportunity – Trend towards multi-domain master data management


Organizations have different departments that collect and manage different data, such as customer data, product data, location data, and supplier data. The data is authorized by different departments within the organization. In the past, organizations could only work on the data of 1 or 2 domains, whereas data from multiple domain data were required simultaneously. Due to recent technological advancements, organizations now benefit from multi-domain master data management solutions which support multiple domains within a single solution. Furthermore, organizations are benefitting from multi-domain master data management solutions where consistent data stewardship is experienced, reference data is shared across domains, the total cost of ownership is lower, and returns on investment are higher. According to the article published by Aberdeen in January 2017, 92% of the data records in multi-domain master data management solutions are accurate as compared to 84% without multi-domain solutions. With the help of multi-domain master data management solutions, users work on pre-defined definitions and rules for data. As a result of better principles of governance, cross-functional collaborations between departments are more likely to occur, resulting in greater efficiency and better resource allocation.

Challenge – Diversified data regulations and legislation across the different verticals and regions


The adoption of master data management solutions is gaining momentum across different regions and diverse industrial verticals. This is leading to a significant challenge hindering market growth, which is that of the presence of diversified governmental regulations and policies across domestic and international borders. For instance, Europe stringently follows the European Union General Data Protection Regulation (GDPR) to safeguard data within and beyond the region. The scope of this law varies for vendors providing offerings in different regions. In addition, master data standards are different for all industries. Each industry follows different data requirements which is a challenge for master data management solutions in meeting the requirements of the organization. For instance, pharmaceutical and biotechnical companies are required to adhere to new product master data standards as compared to other industries. Pharmaceutical companies need to follow 5 distinct IDMP standards, developed by the International Organization for Standardization (ISO) such as ISO 11615, ISO 11616, ISO 11238, ISO 11239, and ISO 11240. Hence, the presence of governmental regulations poses the challenge of diversity and variation which significantly hinders the broad expansion of the master data management market.

                                                                Master data management Market: Research Design


Master Data Management Market

                                                                       Source: MarketsandMarkets Analysis

By deployment type, the cloud segment is expected to grow at a higher CAGR than the on-premises segment during the forecast period.


Cloud-based software offers a centralized way to secure sensitive data across organizations. Moreover, cloud-deployed software reduces the cost associated with upgrading and updating software, in comparison to that of the on-premises deployed software, as the extra cost is incurred by the service providers in the cloud-deployed format. This is also one of the factors fueling the growth of the cloud segment.

By deployment type, the on-premises segment is expected to hold a larger market share than the cloud segment during the forecast period.


On-premises deployment of master data management offers enterprises a total control on the security of enterprise sensitive data, such as customer details, product data, enterprise asset details, and supplier data. This data is secured, as it exists on dedicated servers that are separated both physically and virtually from any other business data of the enterprise. The on-premises deployment mode allows enterprises to install highly customized, secured, and complex master data management solutions, which cater to the specific needs of enterprises, thereby driving the growth of the on-premises deployment segment in the market.

By vertical, the healthcare segment is projected to grow at the highest rate during the forecast period.


The healthcare industry is highly regulated and needs channelized data insights, improved data quality, and accurate clinical information, which are consolidated through the deployment of master data management solutions. The data consists of comprehensive details about patients, physicians, employees, doctors, administrative staff, procedures, and inventory, among others. The healthcare industry sector also includes the life sciences industry vertical, which majorly adopts master data management solutions to adhere to quality and compliance standards of data.
                                              
                                                Master Data Management Market, by Region, 2023 (USD Billion)

Master Data Management Market


                                                                           Note: e-estimated, p-projected
                                                                          Source: MarketsandMarkets Analysis

By region, North America is expected to account for the largest market share during the forecast period.


The North American region has sustainable and well-established economies, which empower it to invest significantly in R&D activities, thereby contributing to the development of new technologies in master data management. The presence of the majority of key players is expected to be the major factor driving the growth of the market in North America. Key players such as IBM (US), Oracle (US), SAS Institute (US), Teradata (US), Informatica (US), Talend (US), TIBCO Software (US), and Riversand (US), along with several start-ups in the region are offering enhanced master data management solutions & services to cater the needs of customers.

Key Market Players


Key master data management market players profiled in this report include IBM (US), SAP (Germany), Oracle (US), SAS Institute (US), Teradata (US), Informatica (US), Talend (US), TIBCO Software (US), Riversand (US), SyncForce (Netherlands), Profisee Group (US), Reltio (US), Semarchy (US), Stibo Systems (Denmark), and EnterWorks (US). These players offer various master data management solutions to cater to the demands and needs of the market. The major growth strategies adopted by these players include partnerships, collaborations & agreements, and new product launches/product enhancements.

Informatica has been acknowledged as one of the leading vendors of independent master data integration solutions. The company offers a diverse set of products and services, which include big data, master data management, cloud integration, data quality, Informatica platform, data integration, and data security. The company provides an advanced solution, Intelligent Master Data Management, in the market. The company is mostly focused on organic growth strategies, such as new product launches and product enhancements, to strengthen its innovative product portfolio. For instance, in August 2018, it introduced updates to its Informatica Master Data Management (MDM), Informatica Intelligent Cloud Services (IICS), and Data Privacy & Protection, to enable enterprises with intelligent hybrid data management to transform the customer experience. The company also adopted expansion as a strategy to increase its global reach. For instance, in March 2018, it opened a new office in Dublin (Ireland), to support its growing customer base in the EMEA region. Thus, the company is expected to have a significant opportunity in the data management space in the future.

Oracle is another top player in the master data management market. The company offers Oracle Master Data Management Suite in the market. The company invested a significant amount of its revenue in R&D during the last 3 consecutive years. The company focuses primarily on organic growth through innovations in the market. Oracle has embedded AI across many of its business and technology areas. It generates more than three-fourths of its revenue from cloud and on-premises software segments. The company concentrates on providing extended data management solutions in order to enable its end clients to spread their business models and revenue streams. In the coming years, the company plans to further accelerate its pace of innovation, increase the value of the network, and deliver the right solutions to its customers. The adoption of inorganic growth strategies by the company is reflected by its collaboration with NVIDIA (US) in October 2018


Scope of the Report

Report Metrics

Details

Market size available for years

2016-2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

Billion (USD)

Segments covered

Component, Data Type, Deployment Type, Organization Size, Vertical, and Region

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies covered

15 major vendors, namely, IBM (US), SAP (Germany), Oracle (US), SAS Institute (US), Teradata (US), Informatica (US), Talend (US), TIBCO Software (US), Riversand (US), SyncForce (Netherlands), Profisee Group (US), Reltio (US), Semarchy (US), Stibo Systems (Denmark), and EnterWorks (US)

This research report categorizes the master data management market to forecast revenues and analyze trends in each of the following submarkets:

Master Data Management Market by Component

  • Solutions
  • Services

Master Data Management Market by Data Type

  • Customer Data
  • Product Data
  • Supplier Data
  • Location Data
  • Asset Data

Master Data Management Market by Deployment Type

  • Cloud
  • On-Premises

Master Data Management Market by Organization Size

  • Large Enterprises
  • SMEs

Master Data Management Market by Vertical

  • Banking, Financial Services, and Insurance (BFSI)
  • Government
  • Retail
  • Information Technology and Telecom
  • Manufacturing
  • Energy and Utilities
  • Healthcare
  • Others

Master Data Management Market by Region

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • APAC
    • India
    • Japan
    • China
    • Singapore
    • Rest of APAC
  • Middle East Africa
    • Middle East
    • Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments

  • In January 2019, SAP launched SAP S/4 HANA for Financial Products Subledger, a solution that provides a central hub to manage data between operational and finance systems, streamlining accounting flows and supporting increased transparency and control.

Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the US master data management market, by component
  • Further breakdown of the UK master data management market, by component

Company Information

  • Detailed analysis and profiling of additional market players up to 5

Critical questions the report answers:

  • What are the opportunities in the master data management market?
  • What is the competitive landscape in the market?
  • What are the data regulations that will impact the market?
  • How has master data management evolved from the traditional data management solutions?
  • What are the dynamics of the market?    

    To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regional Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakup of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Data Triangulation
    2.3 Market Size Estimation
           2.3.1 Top-Down Approach
           2.3.2 Bottom-Up Approach
    2.4 Market Forecast
    2.5 Research Assumptions
    2.6 Limitations

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 28)
    4.1 Attractive Market Opportunities in the Master Data Management Market
    4.2 Market Size By Component, 2018
    4.3 Market Size By Organization Size, 2018–2023
    4.4 Market Size By Vertical, 2018–2023
    4.5 Market Investment Scenario

5 Market Overview and Industry Trends (Page No. - 31)
    5.1 Market Dynamics
           5.1.1 Drivers
                    5.1.1.1 Increase in the Use of Data Quality Tools for Data Management
                    5.1.1.2 Rising Need for Compliance
           5.1.2 Restraints
                    5.1.2.1 Data Security Concerns
           5.1.3 Opportunities
                    5.1.3.1 Incorporation of New Technologies With Master Data Management
                    5.1.3.2 Trend Towards Multi-Domain Master Data Management
           5.1.4 Challenges
                    5.1.4.1 Diversified Data Regulations and Legislation Across Different Verticals and Regions
    5.2 Industry Trends
           5.2.1 Introduction
           5.2.2 Evolution
           5.2.3 Case Studies/Use Cases
                    5.2.3.1 Case Study 1: London Borough of Camden: Infosphere Master Data Management Enables Increase in Operational Efficiency, Fraud Detection, and Improved Service Levels
                    5.2.3.2 Case Study 2: Sungard Financial Systems: Tibco MDM Platform Provides Reliable Customer Information Due to Better Reporting and Decision Making
                    5.2.3.3 Case Study 3: Partssource: Less Time Needed to Launch New Products, From 2 Hours to 2 Minutes With Informatica MDM
                    5.2.3.4 Case Study 4: Shoppers Stop: Benefited From Omnichannel Potential With Riversand MDM
                    5.2.3.5 Case Study 5: Carhartt: Talend Master Data Management and Data Quality Solution Delivers A Real-Time Integrated System and Consolidated Consumer Data

6 Adjacent Market Overview
   6.1 Cognitive Data Management Market
        6.1.1 Market Estimates And Forecasts, 2016 - 2023 (USD Million)
   6.2 Data Mining Tools Market
        6.2.1 Market Estimates And Forecasts, 2016 - 2023 (USD Million)
   6.3 Enterprise Metadata Management Market
        6.3.1 Market Estimates And Forecasts, 2015 - 2022 (USD Million)
   6.4 Data Integration Market
        6.4.1 Market Estimates And Forecasts, 2015 - 2022 (USD Million)
   6.5 Enterprise Data Management Market
        6.5.1 Market Estimates And Forecasts, 2015 - 2022 (USD Million)

7 Master Data Management Market, By Component
   7.1 Introduction
   7.2 Solutions
        7.2.1 Increased Demand For Data Integration & Migration And Data Governance Solutions From Enterprises Is Driving The Solutions Segment
   7.3 Services
        7.3.1 Increasing Need To Enhance Customer Experience Is Driving The Services Segment
        7.3.2 Consulting Services
        7.3.3 Integration Services
        7.3.4 Training & Support Services

8 Master Data Management Market, By Data Type
   8.1 Introduction
   8.2 Customer Data
   8.3 Product Data
   8.4 Supplier Data
   8.5 Location Data
   8.6 Asset Data

9 Master Data Management Market, By Deployment Type
   9.1 Introduction
   9.2 Cloud
        9.2.1 Need To Cut Down Total Cost Of Ownership Is Driving The Cloud Segment
   9.3 On-Premises
        9.3.1 Total Control Over Security And Privacy Of Enterprise Master Data Is Driving The On-Premises Segment

10 Master Data Management Market, By Organization Size
    10.1 Introduction
    10.2 SMEs
          10.2.1 Need For Cost-Effective Management Solutions To Reduce Operational Costs Is Expected To Drive The Smes Segment
    10.3 Large Enterprises
          10.3.1 Rapidly Growing Structured And Unstructured Data Is Driving The Adoption Of Master Data Management Solutions In Large Enterprises

11 Master Data Management Market, By Vertical
    11.1 Introduction
    11.2 BFSI
          11.2.1 Improves Customer Service To Enhance Know Your Customer (Kyc) Capabilities
    11.3 Government
          11.3.1 Need To Manage Fragmented Critical Data From Heterogeneous Systems Propels Demand For Master Data Management Solutions
    11.4 Retail
          11.4.1 Management Of Diverse Products & Items Across Multiple Departments, Portfolios, And Price Ranges Drives Market Growth
    11.5 IT And Telecom
          11.5.1 Enables Consolidation Of Information Into A Single Reference Frame And Centralization Of Different Services Through Master Data Management Solutions
    11.6 Manufacturing
          11.6.1 Master Data Management Solutions Enable Manufacturers To Manage Products, Inventories, And Assets Across All Channels
    11.7 Energy And Utilities
          11.7.1 Energy Industry Business Spread Across Different Geographies And Applications Drives The Adoption Of Master Data Management Solutions
    11.8 Healthcare
          11.8.1 Highly Regulated Healthcare Industry Obtains Consolidated Data Insights And Quality Through Master Data Management Solutions
    11.9 Others

12 Master Data Management Market Analysis: By Region
    12.1 Introduction
    12.2 North America
          12.2.1 US
                  12.2.1.1 Presence Of Leading Global Players Is One Of The Factors Driving The Us Master Data Management Market
          12.2.2 Canada
                  12.2.2.1 Rising Adoption Of Data Compliance Practices Is Driving The Growth Of Master Data Management Market In Canada
    12.3 Europe
          12.3.1 Uk
                  12.3.1.1 Strategic Partnerships And Supportive Government Mandates To Drive Business Models In Data-Driven Industries
          12.3.2 Germany
                  12.3.2.1 Emergence Of Industry 4.0 Is Supporting Market Growth In Germany
          12.3.3 France
                  12.3.3.1 Significant Ai And Big Data Investments Are Expected To Spur Market Growth In France
          12.3.4 Rest Of Europe
    12.4 Asia Pacific
          12.4.1 Japan
                  12.4.1.1 Rising Need To Handle Large Volumes Of Data Supporting The Adoption Of Master Data Management Solutions In Japan
          12.4.2 China
                  12.4.2.1 Increasing Digitalization Is Helping Market Growth In China
          12.4.3 India
                  12.4.3.1 Increasing Adoption Of Big Data Analytics And Growing Ecommerce Industry Is Fueling Market Growth In India
          12.4.4 Singapore
                  12.4.4.1 Presence Of Leading Ict Multinationals Is Expected To Support Market Growth In Singapore
          12.4.5 Rest Of Asia Pacific
    12.5 Middle East & Africa (Mea)
          12.5.1 Middle East
                  12.5.1.1 Uae, Qatar, And Saudi Arabia Are Expected To Witness Higher Adoption Of Data Management Solutions
          12.5.2 Africa
                  12.5.2.1 Supportive Government Initiatives Are Expected To Drive Market Growth In African Countries
    12.6 Latin America
          12.6.1 Mexico
                  12.6.1.1 Rising Awareness About Master Data Management Solutions Is Expected To Drive Growth Of The Market In Mexico
          12.6.2 Brazil
                  12.6.2.1 Adoption Of Big Data And Analytics Expected To Provide Growth Opportunities For The Master Data Management Market In Brazil
          12.6.3 Rest Of Latin America

13 Competitive Landscape
    13.1 Microquadrant Overview
          13.1.1 Visionary Leaders
          13.1.2 Innovators
          13.1.3 Dynamic
          13.1.4 Emerging
    13.2 Market Ranking For The Master Data Management Market, 2018
    13.3 Competitive Benchmarking
          13.3.1 Product Offerings
          13.3.2 Business Strategies

14 Company Profiles
(Business Overview, Solutions & Services Offered, Recent Developments, Swot Analysis, And Mnm View)*
    14.1 IBM
    14.2  SAP
    14.3 Oracle
    14.4 Sas Institute
    14.5 Teradata
    14.6 Informatica
    14.7 Talend
    14.8 Tibco Software
    14.9 Riversand
    14.10 Syncforce
    14.11 Profisee Group
    14.12 Reltio
    14.14 Semarchy
    14.14 Stibo Systems
    14.15 Enterworks
*Details On Business Overview, Solutions & Services Offered, Recent Developments, Swot Analysis, And Mnm View Might Not Be Captured In Case Of Unlisted Companies.

15 Appendix
    15.1 Discussion Guide
    15.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
    15.3 Available Customizations
    15.4 Related Reports
    15.5 Author Details

List of Tables (104 Tables)

Table 1 Factor Analysis
Table 2 Adjacent Market - Enterprise Metadata Management Market Size, By Application, 2015–2022 (Usd Million)
Table 3 Adjacent Market - Cognitive Data Management Market Size, By Component, 2016–2023 (Usd Million)
Table 4 Adjacent Market - Cognitive Data Management Market Size, By Business Function, 2016–2023 (Usd Million)
Table 5 Adjacent Market - Cognitive Data Management Market Size, By Deployment Type, 2016–2023 (Usd Million)
Table 6 Adjacent Market - Cognitive Data Management Market Size, By Organization Size, 2016–2023 (Usd Million)
Table 7 Adjacent Market - Cognitive Data Management Market Size, By Vertical, 2016–2023 (Usd Million)
Table 8 Adjacent Market - Cognitive Data Management Market Size, By Region, 2016–2023 (Usd Million)
Table 9 Adjacent Market - North America: Cognitive Data Management Market Size By Component, 2016–2023 (Usd Million)
Table 10 Adjacent Market - North America: Cognitive Data Management Market Size By Country, 2016–2023 (Usd Million)
Table 11 Adjacent Market - Europe: Cognitive Data Management Market Size, By Component, 2016–2023 (Usd Million)
Table 12 Adjacent Market - Europe: Cognitive Data Management Market Size By Country, 2016–2023 (Usd Million)
Table 13 Adjacent Market - Asia Pacific: Cognitive Data Management Market Size, By Component, 2016–2023 (Usd Million)
Table 14 Adjacent Market - Asia Pacific: Cognitive Data Management Market Size By Country, 2016–2023 (Usd Million)
Table 15 Adjacent Market - Latin America: Cognitive Data Management Market Size, By Component, 2016–2023 (Usd Million)
Table 16 Adjacent Market - Latin America: Cognitive Data Management Market Size By Country, 2016–2023 (Usd Million)
Table 17 Adjacent Market - Middle East & Africa: Cognitive Data Management Market Size, By Component, 2016–2023 (Usd Million)
Table 18 Adjacent Market - Middle East & Africa: Cognitive Data Management Market Size By Country, 2016–2023 (Usd Million)
Table 19 Adjacent Market - Data Mining Tools Market Size And Growth Rate, 2016–2023 (Usd Million, Y-O-Y %)
Table 20 Adjacent Market - Data Mining Tools Market Size, By Component, 2016–2023 (Usd Million)
Table 21 Adjacent Market - Data Mining Tools Market Size, By Service, 2016–2023 (Usd Million)
Table 22 Adjacent Market - Data Mining Tools Market, By Business Function, 2016–2023 (Usd Million)
Table 23 Adjacent Market - Data Mining Tools Market Size, By Industry Vertical, 2016–2023 (Usd Million)
Table 24 Adjacent Market - Data Mining Tools Market Size, By Deployment Type, 2016–2023 (Usd Million)
Table 25 Adjacent Market - Data Mining Tools Market Size, By Organization Size, 2016–2023 (Usd Million)
Table 26 Adjacent Market - Data Mining Tools Market Size, By Region, 2016–2023 (Usd Million)
Table 27 Adjacent Market - North America: Data Mining Tools Market Size By Country, 2016–2023 (Usd Million)
Table 28 Adjacent Market - North America: Data Mining Tools Market Size By Component, 2016–2023 (Usd Million)
Table 29 Adjacent Market - Europe: Data Mining Tools Market Size, By Country, 2016–2023 (Usd Million)
Table 30 Adjacent Market - North America: Data Mining Tools Market Size By Component, 2016–2023 (Usd Million)
Table 31 Adjacent Market - Asia Pacific: Data Mining Tools Market Size, By Country, 2016–2023 (Usd Million)
Table 32 Adjacent Market - Asia Pacific: Data Mining Tools Market Size By Component, 2016–2023 (Usd Million)
Table 33 Adjacent Market - Middle East And Africa: Data Mining Tools Market Size, By Country, 2016–2023 (Usd Million)
Table 34 Adjacent Market - Middle East And Africa: Data Mining Tools Market Size By Component, 2016–2023 (Usd Million)
Table 35 Adjacent Market - Latin America: Data Mining Tools Market Size, By Country, 2016–2023 (Usd Million)
Table 36 Adjacent Market - Latin America: Data Mining Tools Market Size By Component, 2016–2023 (Usd Million)
Table 37 Adjacent Market - Enterprise Metadata Management Market Size, By Application, 2015–2022 (Usd Million)
Table 38 Adjacent Market - Enterprise Metadata Management Market Size, By Metadata Type, 2015–2022 (Usd Million)
Table 39 Adjacent Market - Enterprise Metadata Management Market Size, By Component, 2015–2022 (Usd Million)
Table 40 Adjacent Market - Enterprise Metadata Management Market Size, By Business Function, 2015–2022 (Usd Million)
Table 41 Adjacent Market - Enterprise Metadata Management Market Size, By Deployment Model, 2015–2022 (Usd Million)
Table 42 Adjacent Market - Enterprise Metadata Management Market Size, By Industry Vertical, 2015–2022 (Usd Million)
Table 43 Adjacent Market - Enterprise Metadata Management Market Size, By Region, 2015–2022 (Usd Million)
Table 44 Adjacent Market - North America: Enterprise Metadata Management Market Size, By Component, 2015–2022 (Usd Million)
Table 45 Adjacent Market - Europe: Enterprise Metadata Management Market Size, By Component, 2015–2022 (Usd Million)
Table 46 Adjacent Market - Asia Pacific: Enterprise Metadata Management Market Size, By Component, 2015–2022 (Usd Million)
Table 47 Adjacent Market - Middle East And Africa: Enterprise Metadata Management Market Size, By Component, 2015–2022 (Usd Million)
Table 48 Adjacent Market - Latin America: Enterprise Metadata Management Market Size, By Component, 2015–2022 (Usd Million)
Table 49 Adjacent Market - Data Integration Market Size, By Component, 2015–2022 (Usd Million)
Table 50 Adjacent Market - Data Integration Market Size, By Service, 2015–2022 (Usd Million)
Table 51 Adjacent Market - Data Integration Market Size, By Deployment Model, 2015–2022 (Usd Million)
Table 52 Adjacent Market - Data Integration Market Size, By Organization Size, 2015–2022 (Usd Million)
Table 53 Adjacent Market - Data Integration Market Size, By Vertical, 2015–2022 (Usd Million)
Table 54 Adjacent Market - Data Integration Market Size, By Region, 2015–2022 (Usd Million)
Table 55 Adjacent Market - Enterprise Data Management Market Size, By Component, 2013–2020 ($Million)
Table 56 Adjacent Market - Enterprise Data Management Market Size, By Software, 2013–2020 ($Million)
Table 57 Adjacent Market - Enterprise Data Management Market Size, By Deployment Type, 2013–2020 ($Million)
Table 58 Adjacent Market - Enterprise Data Management Market Size, By User Type, 2013–2020 ($Million)
Table 59 Adjacent Market - Enterprise Data Management Market Size, By Vertical, 2013–2020 ($Million)
Table 60 Adjacent Market - Enterprise Data Management Market Size, By Region, 2013–2020 ($Million)
Table 61 Master Data Management Market Size, By Component, 2016–2023 (Usd Million)
Table 62 Solutions: Market Size By Region, 2016–2023 (Usd Million)
Table 63 Services: Market Size By Region, 2016–2023 (Usd Million)
Table 64 Market Size By Deployment Type, 2016-2023 (Usd Million)
Table 65 Cloud: Market Size By Region, 2016–2023 (Usd Million)
Table 66 On-Premises: Market Size By Region, 2016–2023 (Usd Million)
Table 67 Market Size, By Organization Size, 2016–2023 (Usd Million)
Table 68 Smes: Market Size By Region, 2016–2023 (Usd Million)
Table 69 Large Enterprises: Market Size By Region, 2016–2023 (Usd Million)
Table 70 Master Data Management Market Size, By Vertical, 2016–2023 (Usd Million)
Table 71 BFSI: Market Size, By Region, 2016–2023 (Usd Million)
Table 72 Government: Market Size By Region, 2016–2023 (Usd Million)
Table 73 Retail: Market Size By Region, 2016–2023 (Usd Million)
Table 74 It And Telecom: Market Size By Region, 2016–2023 (Usd Million)
Table 75 Manufacturing: Market Size By Region, 2016–2023 (Usd Million)
Table 76 Energy And Utilities: Market Size By Region, 2016–2023 (Usd Million)
Table 77 Healthcare: Market Size By Region, 2016–2023 (Usd Million)
Table 78 Other Verticals: Market Size By Region, 2016–2023 (Usd Million)
Table 79 Master Data Management Market Size, By Region, 2016–2023 (Usd Million)
Table 80 North America: Market Size By Country, 2016–2023 (Usd Million)
Table 81 North America: Market Size By Component, 2016–2023 (Usd Million)
Table 82 North America: Market Size By Deployment Type, 2016–2023 (Usd Million)
Table 83 North America: Market Size By Organization Size, 2016–2023 (Usd Million)
Table 84 North America: Market Size By Vertical, 2016–2023 (Usd Million)
Table 85 Europe: Market Size, By Country, 2016–2023 (Usd Million)
Table 86 Europe: Market Size By Component, 2016–2023 (Usd Million)
Table 87 Europe: Market Size By Deployment Type, 2016–2023 (Usd Million)
Table 88 Europe: Market Size By Organization Size, 2016–2023 (Usd Million)
Table 89 Europe: Market Size By Vertical, 2016–2023 (Usd Million)
Table 90 Asia Pacific: Market Size, By Country, 2016–2023 (Usd Million)
Table 91 Asia Pacific: Market Size By Component, 2016–2023 (Usd Million)
Table 92 Asia Pacific: Market Size By Deployment Type, 2016–2023 (Usd Million)
Table 93 Asia Pacific: Market Size By Organization Size, 2016–2023 (Usd Million)
Table 94 Asia Pacific: Market Size By Vertical, 2016–2023 (Usd Million)
Table 95 Middle East & Africa: Master Data Management Market Size, By Region, 2016–2023 (Usd Million)
Table 96 Middle East & Africa: Market Size By Component, 2016–2023 (Usd Million)
Table 97 Middle East & Africa: Market Size By Deployment Type, 2016–2023 (Usd Million)
Table 98 Middle East & Africa: Market Size By Organization Size, 2016–2023 (Usd Million)
Table 99 Middle East & Africa: Market Size By Vertical, 2016–2023 (Usd Million)
Table 100 Latin America: Master Data Management Market Size, By Country, 2016–2023 (Usd Million)
Table 101 Latin America: Market Size By Component, 2016–2023 (Usd Million)
Table 102 Latin America: Market Size By Deployment Type, 2016–2023 (Usd Million)
Table 103 Latin America: Market Size By Organization Size, 2016–2023 (Usd Million)
Table 104 Latin America: Market Size By Vertical, 2016–2023 (Usd Million)


List Of Figures (33 Figures)

Figure 1 Master Data Management Market: Research Design
Figure 2 Breakup Of Profiles Of Primary Participants: By Company, Designation, And Region
Figure 3 Master Data Management Market Size, 2016-2023 (Usd Billion)
Figure 4 Master Data Management Market, By Fastest-Growing Subsegments, 2018-2023
Figure 5 Mdm Market, By Region And Key Countries In Each Region, 2018
Figure 6 Rising Need For Compliance To Drive The Master Data Management Market Growth During The Forecast Period
Figure 7 Solutions Segment Is Estimated To Lead The Market In 2018
Figure 8 Large Enterprises Segment To Hold A Larger Market Share During The Forecast Period
Figure 9 BFSI Segment To Lead The Market During The Forecast Period
Figure 10 Master Data Management Market: Market Investment Scenario
Figure 11 Drivers, Restraints, Opportunities, And Challenges: Master Data Management Market
Figure 12 Evolution Of Master Data Management Market
Figure 13 Services Segment is Expected To Grow At A Higher Cagr During The Forecast Period As Compared To The Solutions Segment
Figure 14 On-Premises Segment Estimated To Lead Master Data Management Market In 2018
Figure 15 Large Enterprises Segment Estimated To Dominate Master Data Management Market In 2018
Figure 16 Healthcare Vertical To Grow At The Highest Cagr During The Forecast Period
Figure 17 North America is Projected To Lead Master Data Management Market From 2018 To 2023
Figure 18 Asia Pacific Projected To Grow At Highest Cagr From 2018 To 2023
Figure 19 North America Market Snapshot: BFSI Segment Leading Vertical In 2018
Figure 20 Asia Pacific Market Snapshot: On-Premises Deployment Type Segment Leading Market During Forecast Period
Figure 21 Master Data Management Market (Global) Competitive Leadership Mapping, 2018
Figure 22 Market Ranking, 2018
Figure 23 IBM: Company Snapshot
Figure 24 IBM: Swot Analysis
Figure 25 SAP: Company Snapshot
Figure 26 SAP: Swot Analysis
Figure 27 Oracle: Company Snapshot
Figure 28 Oracle: SWOT Analysis
Figure 29 SAS Institute: Company Snapshot
Figure 30 SAS Institute: SWOT Analysis
Figure 31 Teradata: Company Snapshot
Figure 32 Teradata: SWOT Analysis
Figure 33 Talend: Company Snapshot

The study involved four major activities to estimate the current size of the master data management market. Exhaustive secondary research was done to collect information on the market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the size of the segments and subsegments of the market.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to identify and collect information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, whitepapers, certified publications and articles by recognized authors, gold standard and silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The master data management market comprises several stakeholders, such as service providers, solution vendors, system integrators, technology partners, consulting firms, research organizations, managed service providers, government agencies, financial bodies, resellers and distributors, enterprise users, and technology providers. The demand side of the market consists of financial institutions, investors, and insurance companies. The supply side includes master data management solutions providers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of the primary respondents:

Master Data Management Market

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the master data management market. These methods were also used extensively to estimate the size of various segments in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the market have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides.

Report Objectives

  • To determine and forecast the size of the master data management market based on component, deployment type, organization size, data type, vertical, and region during the forecast period from 2018 to 2023
  • To analyze various macroeconomic and microeconomic factors that affect the growth of the market across the globe
  • To forecast the size of the market and its segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
  • To analyze each submarket with respect to individual growth trends, prospects, and contribution to the overall market
  • To provide detailed information about major factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market across the globe

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the US market by component
  • Further breakdown of the UK master data management market, by component

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

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Report Code
TC 3335
Published ON
Feb, 2019
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