Portland, OR -- (SBWIRE) -- 07/11/2017 -- Emergence of MDM has enabled enterprises to collate and manage master data and utilize it for data analytics and effective decision making. MDM enhances operational efficiency of organizations along with improved decision making capabilities. MDM makes it convenient to use data for different business operations as to boost operational as well as business performance and offer enhanced customer services.

The master data management market today is influenced by many drivers, restrains and opportunities. Indispensable need to install centrally located or managed data, growing requirements for verification and compliance, and multiplying needs for excellent business performance and data quality are some of the many factors driving the MDM market. However, current apprehensions over data security as well as lack of awareness about the advantages associated with the data management solutions are the prime factors hindering the progress of the market. Nonetheless, incorporation of integrated vendor solutions is anticipated to offer new opportunities to the service providers.

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The master data management market is segmented in terms of applications, end users, deployment models, industries, and geography. In terms of application, the market is segmented into product data, supplier data, customer data, and others. The deployment models favoured by enterprises consists of on premise and cloudbased model. Small and medium business enterprises and large enterprises are considered to be a major end users of the market. Industries served by the master data management market include BFSI, IT and telecom, media and entertainment, healthcare, retail, manufacturing, and others. Regions expected to observe tremendous growth in the MDM market are North America, Europe, Asia-Pacific and LAMEA.

MASTER DATA MANAGEMENT MARKET SEGMENTS:

Market By Application

- Supplier Data
- Product Data
- Customer data
- Others

Market By Deployments Model

- On premise
- Cloudbased

Market By End-Customers

- Small and Medium Business Enterprises
- Large Business Enterprises

Market By Industry

- BFSI
- Healthcare
- IT & Telecom
- Retail
- Manufacturing
- Media & Entertainment
- Others

Market By Geography

- North America
- Europe
- Asia-Pacific
- LAMEA

Key Players

- IBM Corporation
- Tibco Software, Inc.
- SAP AG
- Oracle Corporation
- SAS Institute, Inc.
- Teradata Corporation
- Riversand Technologies, Inc.
- Informatica Corporation
- Orchestra Networks
- SyncForce

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