Global Master Data Management Market Detailed Analysis of Current Industry Trends, Growth Forecast To 2029

Increasing Use of Data Management Tools Drives the Market Growth- Master data Management solutions and services channel massive volumes of data generated across an enterprise to store data in a single location and guarantee data security. To improve operational excellence, the increased data churn necessitates sophisticated data quality technologies.



5 months ago | 3 min read

Global Master Data Management Market was valued at US$ 9.09 Bn. in 2021 and is estimated to reach a value of US$ 26.85 Bn. in 2029. The Global Master Data Management Market size is estimated to grow at a CAGR of 14.5% over the forecast period.

Master Data Management Market Overview:

The market report for Master Data Management includes information on market share and company profiles for the leading international competitors along with a thorough analysis of the competition. The scope of the study includes a complete examination of the Master Data Management Market as well as the factors influencing regional variations in the growth of the industry.

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Market Scope:

After market engineering, which included market statistics calculations, market size estimations, market predictions, market breakdown, and data triangulation, was complete, extensive primary research was carried out to gather data and confirm important figures. Throughout the market engineering process, top-down, bottom-up, and other data triangulation methodologies were routinely employed to conduct market estimates and forecasting for the general market segments and sub-segments detailed in this study. In order to provide vital information during the study, all data collected during the market engineering process is submitted to comprehensive qualitative and quantitative analysis.

Master Data Management Market Segment:  

The Global Master Data Management Market is divided into Supplier Data, Product Data, Customer Data, and Others based on Application. Product Data is a significant segment that, in 2021, accounted for 42% of the market. The fact that this category offers a digital image of a product contributes to its expansion. It contains all of the pertinent details about a product, including its name, description, pictures, and other related metadata. Since main end-users are involved with product data and support the segment of the Master Data Management Market, product data is used to manage and track products throughout their entire lifecycle, from design to delivery to disposal.

Master Data Management Market Key players:

• IBM Corporation• Tibco Software, Inc.• SAP AG• Oracle Corporation• SAS Institute, Inc.• Teradata Corporation• Stibo Systems• River Stand Technologies, Inc.• Informatica Corporation• Orchestra Networks• SyncForce• Cloudera• BoardcomTo identify the market's leaders and project market revenue, primary and secondary research are both used. CEOs, marketing executives, and seasoned front-line employees were just a few of the notable thought leaders and subject matter experts that participated in the in-depth interviews for the main study. As a part of the primary study, extensive interviews with important thought leaders and business experts—including CEOs, marketing executives, and seasoned front-line staff—were conducted.

The secondary study included a review of the annual and financial reports of the major manufacturers. Secondary data is employed to calculate percentage splits, market shares, growth rates, and global market breakdowns. The results of these calculations are then put up against the original data in comparison. The Master Data Management market is dominated by the following businesses:

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Regional Analysis:

The regional market research report for Master Data Management also includes information on the specific market driving forces and changes in market legislation that have an impact on current and future market trends. Current and forthcoming trends are studied in order to evaluate the potential market as a whole and find profitable patterns to lay a stronger foundation. The evaluation of the regional market is built on the basis of the current environment and expected trends.

COVID-19 Impact Analysis on Master Data Management Market:

A stop in activities between January 2020 and May 2020 resulted in a fall in the growth of end-user industries utilising Master Data Management . These countries included Spain, France, Italy, China, the United States, the United Kingdom, and Spain. The market for Master Data Management manufacturers as well as the profits of companies operating in these sectors consequently experienced a sharp decline. This affected the market's growth in 2020. Due to lockdowns and an increase in COVID-19 occurrences globally, end-user business demand for Master Data Management has been severely decreased.

Key Questions Answered in the Master Data Management Market Report are:

  • Which market segment has the highest percentage of Master Data Management in 2021?
  • To what extent is there competition in the market?
  • What are the primary factors influencing the growth of the Master Data Management market?
  • What portion of the market does region Master Data Management control?
  • What is the expected market CAGR from 2022 to 2029?


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