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(I-SoftwareNews.Com, July 13, 2018 ) The enterprise data management solutions are gaining traction due to the increased need for management of the voluminous business data that is generated in organizations on a daily basis. Most of the organizations treat enterprise data as a vital corporate asset. With the advent of globalization and internet age, the world seems to be a smaller space to live and it is giving rise to digital enterprises. Data is the backbone for this transformation; with the amount of inter-organization and intra-organization flow of data increasing drastically, there is an evident need to manage this voluminous but rich information efficiently.
The need for framing a data strategy to achieve strategic advantage is driving the growth of the market. An organization looking to harness data as a corporate asset requires a blend of “soft” skills to build sustainable strategies and manage organizational change which applies a set of enterprise data management tools and techniques to ensure the delivery of non-redundant, consistent, high-quality data that can be associated with an organization’s strategic initiatives. One of the key elements in enterprise data management is integrating the enterprise requirements for data. An organization with a centralized methodology must trace enterprise data management needs to distribute it back to the individual departments while maintaining precise standards for data integrity and data quality. In addition, a good enterprise data management solution incorporates an organizational change management practice that accelerates user adoption and ensures long-term data sustainability. To conclude, the enterprise data management team needs to implement a wide portfolio of data management tools to accelerate and automate data management tasks.
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North America is expected to account for the largest market share, followed by Europe. Due to increased awareness regarding data management, enforcement of data governance, and also the increasing need for better management of data to establish relationships between different heterogeneous variables needed to frame the strategic policies of an organization., the emerging regions such as Brazil, Russia, China, India, and South Africa (BRICS) are expecting a growth in implementation of data management solutions.
The enterprise data management market has been segmented by type of software: data integration, data migration, data warehousing, data governance, data security, data quality, master data management, and others ; by service: consulting services, training and support services, and operation and maintenance services; by type of deployment: on-premise and hosted; by user type: SMBs, and enterprises; by type of vertical: government, BFSI, retail, healthcare, IT and telecom, manufacturing, energy and utilities, transportation and logistics, and others and by regions: North America, Asia-Pacific (APAC), Europe, the Middle East and Africa (MEA), and Latin America. The report also provides insights into the opportunity analysis of verticals and business case analysis and roadmaps for market.
The enterprise data management market size is expected to grow from $64,789.0 Million in 2015 to $105,195.0 Million in 2020, at a CAGR of 10.2%.
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Source: EmailWire.Com
Source: EmailWire.com
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