The global enterprise data management market is expected to grow from USD 77.9 billion in 2020 to USD 122.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 9.5% during the forecast period. Major growth factors for the market include growing need to ensure regulatory compliance that is driven by the new regulations, such as General Data Protection Regulation (GDPR), and need to improve the quality of data to achieve the data-driven decision making.
The enterprise data management market comprises leading solution providers, such as include IBM Corporation (US), SAS Institute Inc. (US), Teradata Corporation (US), Oracle Corporation (US), SAP SE (Germany), Talend (US), Symantec (US), Cloudera, Inc. (US), Ataccama (Canada), Informatica (US), Mindtree Limited (India), Qlik (US), EnterWorks, Inc. (US), MapR (US), GoldenSource Corporation (US), Amazon Web Services, Inc. (US), MuleSoft, LLC. (US), Micro Focus International plc (UK), Zaloni, Inc. (US), and Actian (US). The study includes an in-depth competitive analysis of the key players in the enterprise data management market with their company profiles, recent developments, and key market strategies. The players in the market have embraced various strategies to expand presence and their market shares. New product launches and enhancements; and partnerships, acquisitions, and collaborations, have been the most adopted strategies by the major players from 2018 to 2020, which helped them innovate on their offerings and broaden their customer base.
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IBM Corporation (US) is among one of the leaders in the enterprise data management market. It adopts various approaches for growth strategies and continues to expand its operations through constant product launches, business expansions in various regions to expand its cloud offerings, technology acquisitions, collaborations, and partnerships. For instance, in June 2019, IBM Corporation partnered with VMware to accelerate innovation and adoption of hybrid cloud across organizations. This partnership enabled enterprises to securely move their workloads of VMware to cloud.
SAS Institute (US) is another established player in the enterprise data management market. The company offers SAS Data Management solution that is built on the SAS platform and enables easy collaboration between the teams in enterprises. The company has adopted various organic and inorganic strategies to strengthen its product portfolio. For instance, in October 2019, SAS Institute partnered with Red Hat to combine analytics of SAS with Red Hat OpenShift across the hybrid cloud that helped speed up the adoption of analytics by customers across the hybrid cloud. It also expanded its cloud offerings in Singapore to accelerate the cloud adoption in APAC region.
Enterprise Data Management Market by Component (Software (Data Security, Data Integration, Data Migration, and Data Quality) and Services) Deployment Mode, Organization Size, Industry Vertical, and Region - Global Forecast to 2025
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