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.

Master Data Management Market

To know about the assumptions considered for the study, download the pdf brochure

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, 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.

Master Data Management Market Players:

Data security concerns are a major factor restraining the growth of the market. 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 increase security threats to the data. However, isolated data systems act as a restraint for many organizations as the threat of security breaches and dispersed data is high in isolated data systems.

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.

Scope of the Report

Report Metrics

Details

Market size available for years

2016-2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

Value (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:

On the basis of Component, the master data management market has been segmented as follows:

  • Solutions
  • Services

On the basis of Data Type, the master data management market has been segmented as follows:

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

On the basis of Deployment Type, the master data management market has been segmented as follows:

  • Cloud
  • On-Premises

On the basis of Organization Size, the master data management market has been segmented as follows:

  • Large Enterprises
  • SMEs

On the basis of Vertical, the master data management market has been segmented as follows:

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

On the basis of Region, the master data management market has been segmented as follows:

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

Key questions addressed by the report

  1. What are the opportunities in the master data management market?
  2. What is the competitive landscape in the market?
  3. What are the data regulations that will impact the market?
  4. How has master data management evolved from the traditional data management solutions?
  5. 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 Master Data Management Market, By Component (Page No. - 37)
    6.1 Introduction
    6.2 Solutions
           6.2.1 Increased Demand for Data Integration & Migration and Data Governance Solutions From Enterprises is Driving the Solutions Segment
    6.3 Services
           6.3.1 Increasing Need to Enhance Customer Experience is Driving the Services Segment
           6.3.2 Consulting Services
           6.3.3 Integration Services
           6.3.4 Training & Support Services

7 Master Data Management Market, By Data Type (Page No. - 42)
    7.1 Introduction
    7.2 Customer Data
    7.3 Product Data
    7.4 Supplier Data
    7.5 Location Data
    7.6 Asset Data

8 Master Data Management Market, By Deployment Type (Page No. - 44)
    8.1 Introduction
    8.2 Cloud
           8.2.1 Need to Cut Down Total Cost of Ownership is Driving the Cloud Segment
    8.3 On-Premises
           8.3.1 Total Control Over Security and Privacy of Enterprise Master Data is Driving the On-Premises Segment

9 Master Data Management Market, By Organization Size (Page No. - 48)
    9.1 Introduction
    9.2 SMEs
           9.2.1 Need for Cost-Effective Management Solutions to Reduce Operational Costs is Expected to Drive the SMEs Segment
    9.3 Large Enterprises
           9.3.1 Rapidly Growing Structured and Unstructured Data is Driving the Adoption of Master Data Management Solutions in Large Enterprises

10 Master Data Management Market, By Vertical (Page No. - 52)
     10.1 Introduction
     10.2 BFSI
             10.2.1 Improves Customer Service to Enhance Know Your Customer (KYC) Capabilities
     10.3 Government
             10.3.1 Need to Manage Fragmented Critical Data From Heterogeneous Systems Propels Demand for Master Data Management Solutions
     10.4 Retail
             10.4.1 Management of Diverse Products & Items Across Multiple Departments, Portfolios, and Price Ranges Drives Market Growth
     10.5 IT and Telecom
             10.5.1 Enables Consolidation of Information Into A Single Reference Frame and Centralization of Different Services Through Master Data Management Solutions
     10.6 Manufacturing
             10.6.1 Master Data Management Solutions Enable Manufacturers to Manage Products, Inventories, and Assets Across All Channels
     10.7 Energy and Utilities
             10.7.1 Energy Industry Business Spread Across Different Geographies and Applications Drives the Adoption of Master Data Management Solutions
     10.8 Healthcare
             10.8.1 Highly Regulated Healthcare Industry Obtains Consolidated Data Insights and Quality Through Master Data Management Solutions
     10.9 Others

11 Master Data Management Market Analysis: By Region (Page No. - 62)
     11.1 Introduction
     11.2 North America
             11.2.1 US
                        11.2.1.1 Presence of Leading Global Players is One of the Factors Driving the US Master Data Management Market
             11.2.2 Canada
                        11.2.2.1 Rising Adoption of Data Compliance Practices is Driving the Growth of Market in Canada
     11.3 Europe
             11.3.1 UK
                        11.3.1.1 Strategic Partnerships and Supportive Government Mandates to Drive Business Models in Data-Driven Industries
             11.3.2 Germany
                        11.3.2.1 Emergence of Industry 4.0 is Supporting Market Growth in Germany
             11.3.3 France
                        11.3.3.1 Significant AI and Big Data Investments are Expected to Spur Market Growth in France
             11.3.4 Rest of Europe
     11.4 Asia Pacific
             11.4.1 Japan
                        11.4.1.1 Rising Need to Handle Large Volumes of Data Supporting the Adoption of Master Data Management Solutions in Japan
             11.4.2 China
                        11.4.2.1 Increasing Digitalization is Helping Market Growth in China
             11.4.3 India
                        11.4.3.1 Increasing Adoption of Big Data Analytics and Growing Ecommerce Industry is Fueling Market Growth in India
             11.4.4 Singapore
                        11.4.4.1 Presence of Leading Ict Multinationals is Expected to Support Market Growth in Singapore
             11.4.5 Rest of Asia Pacific
     11.5 Middle East & Africa (MEA)
             11.5.1 Middle East
                        11.5.1.1 UAE, Qatar, and Saudi Arabia are Expected to Witness Higher Adoption of Data Management Solutions
             11.5.2 Africa
                        11.5.2.1 Supportive Government Initiatives are Expected to Drive Market Growth in African Countries
     11.6 Latin America
             11.6.1 Mexico
                        11.6.1.1 Rising Awareness About Master Data Management Solutions is Expected to Drive Growth of the Market in Mexico
             11.6.2 Brazil
                        11.6.2.1 Adoption of Big Data and Analytics Expected to Provide Growth Opportunities for the Market in Brazil
             11.6.3 Rest of Latin America

12 Competitive Landscape (Page No. - 83)
     12.1 Microquadrant Overview
             12.1.1 Visionary Leaders
             12.1.2 Innovators
             12.1.3 Dynamic
             12.1.4 Emerging
     12.2 Market Ranking for the Master Data Management Market, 2018
     12.3 Competitive Benchmarking
             12.3.1 Product Offerings
             12.3.2 Business Strategies

13 Company Profiles (Page No. - 88)
(Business Overview, Solutions & Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
     13.1 IBM
     13.2 SAP
     13.3 Oracle
     13.4 SAS Institute
     13.5 Teradata
     13.6 Informatica
     13.7 Talend
     13.8 Tibco Software
     13.9 Riversand
     13.10 Syncforce
     13.11 Profisee Group
     13.12 Reltio
     13.13 Semarchy
     13.14 Stibo Systems
     13.15 Enterworks

*Details on Business Overview, Solutions & Services Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 110)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Available Customizations
     14.4 Related Reports
     14.5 Author Details


List of Tables (45 Tables)

Table 1 Factor Analysis
Table 2 Master Data Management Market Size, By Component, 2016–2023 (USD Million)
Table 3 Solutions: Market Size By Region, 2016–2023 (USD Million)
Table 4 Services: Market Size By Region, 2016–2023 (USD Million)
Table 5 Market Size By Deployment Type, 2016-2023 (USD Million)
Table 6 Cloud: Market Size By Region, 2016–2023 (USD Million)
Table 7 On-Premises: Market Size By Region, 2016–2023 (USD Million)
Table 8 Market Size, By Organization Size, 2016–2023 (USD Million)
Table 9 SMEs: Market Size By Region, 2016–2023 (USD Million)
Table 10 Large Enterprises: Market Size By Region, 2016–2023 (USD Million)
Table 11 Master Data Management Market Size, By Vertical, 2016–2023 (USD Million)
Table 12 BFSI: Market Size, By Region, 2016–2023 (USD Million)
Table 13 Government: Market Size By Region, 2016–2023 (USD Million)
Table 14 Retail: Market Size By Region, 2016–2023 (USD Million)
Table 15 IT and Telecom: Market Size By Region, 2016–2023 (USD Million)
Table 16 Manufacturing: Market Size By Region, 2016–2023 (USD Million)
Table 17 Energy and Utilities: Market Size By Region, 2016–2023 (USD Million)
Table 18 Healthcare: Market Size By Region, 2016–2023 (USD Million)
Table 19 Other Verticals: Market Size By Region, 2016–2023 (USD Million)
Table 20 Master Data Management Market Size, By Region, 2016–2023 (USD Million)
Table 21 North America: Market Size By Country, 2016–2023 (USD Million)
Table 22 North America: Market Size By Component, 2016–2023 (USD Million)
Table 23 North America: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 24 North America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 25 North America: Market Size By Vertical, 2016–2023 (USD Million)
Table 26 Europe: Market Size, By Country, 2016–2023 (USD Million)
Table 27 Europe: Market Size By Component, 2016–2023 (USD Million)
Table 28 Europe: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 29 Europe: Market Size By Organization Size, 2016–2023 (USD Million)
Table 30 Europe: Market Size By Vertical, 2016–2023 (USD Million)
Table 31 Asia Pacific: Market Size, By Country, 2016–2023 (USD Million)
Table 32 Asia Pacific: Market Size By Component, 2016–2023 (USD Million)
Table 33 Asia Pacific: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 34 Asia Pacific: Market Size By Organization Size, 2016–2023 (USD Million)
Table 35 Asia Pacific: Market Size By Vertical, 2016–2023 (USD Million)
Table 36 Middle East & Africa: Master Data Management Market Size, By Region, 2016–2023 (USD Million)
Table 37 Middle East & Africa: Market Size By Component, 2016–2023 (USD Million)
Table 38 Middle East & Africa: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 39 Middle East & Africa: Market Size By Organization Size, 2016–2023 (USD Million)
Table 40 Middle East & Africa: Market Size By Vertical, 2016–2023 (USD Million)
Table 41 Latin America: Master Data Management Market Size, By Country, 2016–2023 (USD Million)
Table 42 Latin America: Market Size By Component, 2016–2023 (USD Million)
Table 43 Latin America: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 44 Latin America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 45 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 Market Size 2016-2023 (USD Billion)
Figure 4 Market By Fastest-Growing Sub segments, 2018-2023
Figure 5 MDM Market, By Region and Key Countries in Each Region, 2018
Figure 6 Rising Need for Compliance to Drive the 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 Market Investment Scenario
Figure 11 Drivers, Restraints, Opportunities, and Challenges
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 Market in 2018
Figure 15 Large Enterprises Segment Estimated to Dominate 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 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)

Speak to analyst to detect blind spots in your revenue decisions by analysing interconnected unknowns around ""

Related Technologies/Products

 

Adjacent Markets

Mar. Size
2018
CAGR 2018-23

Competitive Landscape

 
 
Share your business objectives to help us evaluate impact of these interconnections on your business
Report Code
TC 3335
Published ON
Feb, 2019
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Master Data Management Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home