Dallas, TX -- (SBWIRE) -- 09/25/2018 -- In this report, LP Information studies the present scenario (with the base year being 2017) and the growth prospects of global Master Data Management (MDM) market for 2018-2023.
Master Data Management (MDM) is a method of helping organizations in linking all critical and important data to a master file.

MDM is the process of the collection of best data management practices. The benefits of the Master Data Management (MDM) model increase as the number and diversity of organizational units, the role of workers, and the expansion of computing applications. MDM may be more valuable to large or complex businesses than small, medium, or simple businesses. Master data management can facilitate the operation of a variety of system architectures, platforms and applications.

The key industries are: Banking, Finance and Insurance (BFSI); IT and Telecommunications, Government & Health Care, Manufacturing & Logistics, Others. Manufacturing & Logistics was the largest application which took up about 25.5% of the global total in 2017, closely followed by Banking, Finance and Insurance (BFSI); IT and Telecommunications.

The Leading growing markets are China, India, Southeast Asia, etc. USA, Europe, Japan, etc. are the mature market with lower growth rate.

USA is the largest consumption countries of master data management in the world in the past few years and it will keep increasing in the next few years. USA market took up about 35% the global market in 2017, while Europe was about 30%, and China is followed with the share about 10%.

USA, Denmark, UK and China are now the key developers of master data management. There are some other vendors, such as Sunway World, Yonyou, etc. in China, but the Chinese market is still controlled by foreign vendors.
SAP, Oracle, IBM, Informatica, Stibo Systems, TIBCO Software, Riversand Technologies, Orchestra Networks, EnterWorks and Magnitude are the key suppliers in the global Master data management market. Top 10 took up about 50% of the global market in 2017. Abroad vendors took up more than 50% of the Chinese market.
Over the next five years, LPI(LP Information) projects that Master Data Management (MDM) will register a 15.6% CAGR in terms of revenue, reach US$ 6880 million by 2023, from US$ 2890 million in 2017.
This report presents a comprehensive overview, market shares and growth opportunities of Master Data Management (MDM) market by product type, application, key companies and key regions.

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To calculate the market size, LP Information considers value generated from the sales of the following segments:

Segmentation by product type:
- Customer Data
- Product Data

Segmentation by application:
- Banking, Finance and Insurance (BFSI)
- IT and Telecommunications
- Government & Health Care
- Manufacturing & Logistics
- Others

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We can also provide the customized separate regional or country-level reports, for the following regions:
- Americas
- United States
- Canada
- Mexico
- Brazil
- APAC
- China
- Japan
- Korea
- Southeast Asia
- India
- Australia
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Spain
- Middle East & Africa
- Egypt
- South Africa
- Israel
- Turkey
- GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:

- SAP
- Oracle
- IBM
- Informatica
- Stibo Systems
- TIBCO Software
- Riversand Technologies
- Orchestra Networks
- EnterWorks
- Magnitude
- Talend
- SAS Institute
- Microsoft
- KPMG
- Teradata Corporation
- Software AG
- Agility Multichannel
- VisionWare
- SupplyOn AG
- Sunway World
- Yonyou

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
- To study and analyze the global Master Data Management (MDM) market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
- To understand the structure of Master Data Management (MDM) market by identifying its various subsegments.
- Focuses on the key global Master Data Management (MDM) players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Master Data Management (MDM) with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the size of Master Data Management (MDM) submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies

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