Master Data Management Market Set to Reach USD 39.35 Million By 2026
Seattle, WA -- (SBWIRE) -- 09/30/2019 -- The Global Master Data Management Market Report, published by WMR, provides a six-year forecast assessed on the basis of how the market is predicted to grow. This global market survey analysis provides a vibrant vision for concluding and researching market size, market hopes and competitive environment. This report studies the global market size of Master Data Management in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Master Data Management in these regions. Analysis the aspects that are anticipated to maintain a strong impact on the market over the coming years 2019 to 2026. The global master data management market was valued at USD 9.75 Billion in 2018 and is projected to reach USD 39.35 Billion by 2026, growing at a CAGR of 19.1% from 2019 to 2026.
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What is Master Data Management?
Master data management (MDM) is a method used by business or enterprises to link all of its critical data to a common point of reference. When properly done, MDM improves data quality while streamlining data sharing across personnel & departments. Master Data Management helps an organization to improve business process, facilitate privacy management, manage threats and risk, reduce labor cost, and optimize process.
Global Master Data Management Outlook:
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Earlier, industries like financial, healthcare & retail were the one using MDM but now more & more industries like telecommunication, consumer packed good and manufacturing have begun to implement MDM programs because of compliance requirement, product information rationalization and risk management. Automation and AI will help organization to perform predictable master data task without error, identify duplicate records, assure data quality and enable new kind of master data application to create more modern customer value. The demand for multi domain MDM, machine learning and AI in MDM will boost the growth of the market. The lack of awareness about MDM and concerns regarding data security are the factors hindering the growth of market.
Executive Summary: It gives a summary of key studies, market growth rate, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
Production by Region: Here, the report provides information related to import and export, production, revenue, and key players of all regional markets studied.
Profile of Manufacturers: Each player profiled in this section is studied on the basis of SWOT analysis, their products, production, value, capacity, and other vital factors.
Global Master Data Management Competitive Landscape:
The "Global Master Data Management Market" study report will provide a valuable insight with an emphasis on global market including some of the major players such as IBM Corporation, Tibco Software Inc, Oracle corporation, Teradata Corporation, Riversand, SAS Institute, Informatica, Talend, Stibo System, and SAP. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Reasons to Buy
Current and future of Master Data Management Market outlook in the developed and emerging markets.
Highlights key business priorities in order to assist companies to realign their business strategies.
The segment that is expected to dominate the Master Data Management Market.
Regions that are expected to witness the fastest growth during the forecast period.
Identify the latest developments, Master Data Management Market shares, and strategies employed by the major market players.
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Master Data Management Market.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.
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