Global Master Data Management Market to Shows an Impressive CAGR of 27.25% During 2016 – 2024

Economies that are racing toward industrialization and urbanization, the amount of data continues to rise exponentially, making investments in product and customer data management an imperative.


Albany, NY -- (SBWIRE) -- 03/16/2018 -- In economies that are pacing toward urbanization and industrialization, the amount of data continues to increase exponentially. Businesses today have to handle a large amount of data related to products and customers. Therefore, the need to invest in efficient master data management solutions has become imperative for the success of any enterprise. To explore the expanding global master data management market, a new research report titled as "Global Master Data Management Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024" has been recently added to the vast online portfolio of Market Research Reports Search Engine (MRRSE). This report studies the current state and makes a forecast for the period of 2016 – 2024.

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The global master data management market is predicted to grow at a CAGR of 27.25% between 2016 and 2024. At this rate, the market is likely to reach a value of US$37.97 billion by the end of 2024 from US$4.35 billion in 2015. This report on the master data management market provides analysis for the period of 2014 - 2024, considering 2015 as the base year with a forecast for the period of 2016 – 2024. The report highlights the different drivers, restraints, risks and opportunities likely to influence the growth of the market during the above said period. It also features the trends that prevail in the master data management market globally. The study offers a holistic study of the market growth throughout the forecast period in terms of revenue assessments (US$ million) across regions such as Asia Pacific, North America, Europe, Latin America and Middle East & Africa.

This global market report provides in-depth assessment of the master data management market by segmenting it on the basis of solution, component and industry. It also provides cross-sectional analysis of the global market in terms of market projections and forecasts for all segments across different geographic regions. The report profiles some of the key players of the global master data management market. The company profiling includes an overview of the company with respect to parameters like company details, market presence and segmentation by geography, major recent developments, strategies and historic roadmap, and revenue and operating profits. Some of the key players profiled in the report include IBM Global Services, Informatica, Oracle Corporation, SAP SE, Riversand Technologies, Stibo Systems, Tibco Software, Agility Multichannel and EnterWorks Acquisition Inc.

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