Enterprise Data Management Market (Updated Version Available)
Enterprise Data Management Market Size, Share & Trends Analysis, By Component (Software and Services), Deployment (Cloud and On-premises), Organization size (Large enterprise, and Small & Medium enterprise), End-User (BFSI, IT & Telecom, Retail & Consumer goods, Healthcare, Manufacturing, and Others), By Region, Forecast Period-2023 - 2030
Report ID : RI_673789 | Date : February 2023 |
Format : 
Key Market Overview:
The Enterprise Data Management Market was valued at USD 89.34 Billion in 2022, registering a CAGR of 12.1% during the forecast period (2023-2030), and the market is projected to be worth USD 207.11 Billion by 2030.
Enterprise data management is the process of governing the data for more precise and accurate data analysis. The management ensure data security and consolidate the data for high efficiency. The management process is beneficial for businesses and enterprises due to its enhanced transparency and data control. Advancement in artificial intelligence (AI) for real time analysis and rising demand for data integration coupled with visual analytics are proliferating the growth of enterprise data management market.
Additionally, enterprise data management plays vital role in data security and help businesses for dynamic data representation resulting rapid adoption of enterprise data management solution. EDM solution is used for data management between departments within company. The management solution provides seamless integration, support for ongoing compliance, data control, enhanced transparency, and high data security. The key factors such as high data security and data control are boosting the growth of enterprise data management market. Enterprise data management facilitate real time analysis by use of artificial intelligence (AI) to enable effective decision making.
Furthermore, rising adoption of data tracking technology in transportation and logistics resulting to drive the growth of enterprise data management solution. Additionally, organizations are focusing on R&D investments, mergers & acquisitions, and product portfolio for enterprise data management to handle vast data sets. For instance, Cloudera planned to spend around USD 63.3million for development of its operations in India. The investment is focusing on expansion and implementation of hybrid data solution for Indian companies.
Base Digital Farming Market Coverage
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Market Dynamics:
Driver:
Increased data management and risk analysis solutions are driving the growth of enterprise data management market
Increased data management and risk analysis solutions are driving the growth of enterprise data management market
Enterprise data management offers seamless integration, support for ongoing compliance, data control, enhanced transparency, and high data security. Poor data management is hindering the data privacy and security of the company. Thus, to reduce the risk of data breaches, businesses are adopting enterprise data management tool for higher data security and risk assessment. The key factors including high data security and data control are augmenting the growth of enterprise data management market.
Additionally, technological developments and strategic alliances by the key players fuel the demand of enterprise data management.
Restraint:
High installation cost and lack of technological awareness is hampering the growth of enterprise data management market
High installation cost and lack of technological awareness is hampering the growth of enterprise data management market
Poor implementation of enterprise data management tool for small and medium enterprises led to lack of implementation of high-end-technology and restrict the adoption of contract management system. Thus, lack of technological awareness is hindering the growth of enterprise data management market.
Base Digital Farming Market Segmentation:
By Component
The Component segment is bifurcated into Software and Services.
Software segment captured major market share for enterprise data management market in the year 2022, owing to rising adoption of software for higher data security and risk assessment. Advancements in emerging technologies such as cloud computing, artificial intelligence (AI), machine learning (ML) and cybersecurity are creating robust industry opportunity for enterprise data management software. The software includes data integration, data security, master data management, data migration, data warehousing, data synchronization and data governance.
Service segment is expected to grow steadily during forecast period due to its property to handle complexities of business data. Enterprise data management services help businesses to reduce operating expense, improve operational efficiency and focus on core competencies.
By Deployment
The Deployment segment is categorized into Cloud and On-premises.
Cloud segment has accounted highest revenue share for enterprise data management market owing to its benefits offered such as minimum maintenance cost, increased scalability, and quicker data distribution. Cloud computing is data storage, data maintenance and data processing via internet or networks of remote server. Cloud based system enable businesses to access the data by implementing analytical tools across the business channels. Thus, rising adoption of cloud-based system propelled the demand of cloud deployment for enterprise data management service.
Moreover, aforementioned segment is anticipated to showcase rapid growth of enterprise data management market due to rising adoption of cloud deployment mode by organizations. Cloud based solution provide easy access of the data at multiple locations coupled with storage expansion. Additionally, rising adoption of cloud-based services by developed countries such as U.S., France, Germany, and U.K. are expected to propelled the demand of EDM solution for data management. For instance, as per European Commission Organization Report 2021, in Europe adoption of cloud-based services raised by 43% during COVID-19 pandemic.
By Organization size
The Organization size segment is divided into Large enterprise and Small & Medium enterprise.
Large enterprise holds largest revenue share for enterprise data management market owing to requirement of high-tech tools including, advanced analytical engine and real time data compilation tools, resulting rapid adoption of data management software. Large enterprise typically generates, access and manage large volume of data. Adoption of cloud-based system in large enterprises is increasing the implementation of enterprise data management tool for high data security and risk management.
Small & medium enterprises is anticipating substantial growth for enterprise data management owing to rapid shifting trend from on-premises to cloud-based deployment mode. SMEs have adopted enterprise data management system to increase business profitability and minimize compliance risks. Additionally, key players are acquiring SMEs for digital transformation resulting lucrative growth of enterprise data management market.
By End-User
The End-User segment is categorized into BFSI, IT & Telecom, Retail & Consumer goods, Healthcare, Manufacturing, and Others.
IT & telecommunication captured major market share for enterprise data management market owing to rising demand of data management and data storage across IT companies. Also, IT firms across the globe is adopting enterprise data management system for data security and data management. Additionally, IT & telecommunication companies continue to develop innovative technologies for strategic business operations. For instance, in July 2021, Informatica launched Intelligent Data Management Cloud on Azure. The system comprises with AI-based cloud system providing data management solution for Asia Pacific region.
BFSI sector is expected to grow rapidly during forecast period due to benefits offered by EDM solution. EDM services helps BFSI vertical for accounting procedures, tracking, and monitoring finances, and improving marketing operations. Thus, rising adoption of emerging technologies is driving the growth of EDM services across BFSI industry.
By Region
The regional segment includes North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
North America region accounted largest revenue share for enterprise data management in the year 2022 due to rapid adoption of emerging technologies and big data analytics. Several companies in the region, such as IBM, Oracle, and Amazon Web Services are early adopters of advanced technologies, propelling the growth of enterprise data management market. For instance, in May 2021, IBM Corporation acquired Catalogic software, a prime provider of data security and data management solution. Moreover, through the acquisition Catalogic software aim to provide data protection for the organizations.
Asia Pacific region is projected to witness fastest growth of enterprise data management market due to adoption of advanced technologies and expansion of industry verticals. The growing popularity for cloud computing and artificial intelligence (AI) is driving the market of enterprise data management in Asia Pacific region.
Enterprise Data Management Market Competitive Landscape
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and application launches have accelerated the growth of the Global Enterprise Data Management Market. Key players in the market include-
• IBM Corp.
• Oracle Corp.
• SAP SE
• Cloudera Inc.
• Amazon Web Services Inc.
• Teradata
• MindTree Ltd.
• Symantec
• Informatica
• Micro Focus
• Talend
• Qlik
• Zaloni Inc.
• MuleSoft LLC.
Recent Developments
• In November 2022, Informatica announced the launch of Intelligent Data Management Cloud (IDMC) platform for state and local government. The platform helps the government agencies to deliver timely and efficient public services to increase cybersecurity and enhance digital citizen experiences.
• In September 2021, Hewlett Packard Enterprise (HPE) acquired Zerto, a cloud data management and protection company, valued at USD 374 million. The acquisition develops HPE GreenLake cloud platform and expand HPE\'s storage business into cloud based data services business.
The Enterprise Data Management Market was valued at USD 89.34 Billion in 2022, registering a CAGR of 12.1% during the forecast period (2023-2030), and the market is projected to be worth USD 207.11 Billion by 2030.
Enterprise data management is the process of governing the data for more precise and accurate data analysis. The management ensure data security and consolidate the data for high efficiency. The management process is beneficial for businesses and enterprises due to its enhanced transparency and data control. Advancement in artificial intelligence (AI) for real time analysis and rising demand for data integration coupled with visual analytics are proliferating the growth of enterprise data management market.
Additionally, enterprise data management plays vital role in data security and help businesses for dynamic data representation resulting rapid adoption of enterprise data management solution. EDM solution is used for data management between departments within company. The management solution provides seamless integration, support for ongoing compliance, data control, enhanced transparency, and high data security. The key factors such as high data security and data control are boosting the growth of enterprise data management market. Enterprise data management facilitate real time analysis by use of artificial intelligence (AI) to enable effective decision making.
Furthermore, rising adoption of data tracking technology in transportation and logistics resulting to drive the growth of enterprise data management solution. Additionally, organizations are focusing on R&D investments, mergers & acquisitions, and product portfolio for enterprise data management to handle vast data sets. For instance, Cloudera planned to spend around USD 63.3million for development of its operations in India. The investment is focusing on expansion and implementation of hybrid data solution for Indian companies.
Base Digital Farming Market Coverage
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Billion) | 207.11 billion |
| CAGR (2023-2030) | 12.1 % |
| Base Year | 2023 |
| By Component | Software and Services |
| By Deployment | Cloud and On-premises |
| By Organization size | Large enterprise and Small & Medium enterprise |
| By End-User | BFSI, IT & Telecom, Retail & Consumer goods, Healthcare, Manufacturing, and Others |
| By Geography | |
| Key Players | IBM Corporation, Oracle Corporation, SAP SE, Cloudera Inc., Amazon Web Services Inc., Teradata, MindTree Ltd., Symantec, Informatica, Micro Focus, Talend, Qlik, Zaloni Inc., MuleSoft LLC |
Market Dynamics:
Driver:
Increased data management and risk analysis solutions are driving the growth of enterprise data management market
Increased data management and risk analysis solutions are driving the growth of enterprise data management market
Enterprise data management offers seamless integration, support for ongoing compliance, data control, enhanced transparency, and high data security. Poor data management is hindering the data privacy and security of the company. Thus, to reduce the risk of data breaches, businesses are adopting enterprise data management tool for higher data security and risk assessment. The key factors including high data security and data control are augmenting the growth of enterprise data management market.
Additionally, technological developments and strategic alliances by the key players fuel the demand of enterprise data management.
Restraint:
High installation cost and lack of technological awareness is hampering the growth of enterprise data management market
High installation cost and lack of technological awareness is hampering the growth of enterprise data management market
Poor implementation of enterprise data management tool for small and medium enterprises led to lack of implementation of high-end-technology and restrict the adoption of contract management system. Thus, lack of technological awareness is hindering the growth of enterprise data management market.
Base Digital Farming Market Segmentation:
By Component
The Component segment is bifurcated into Software and Services.
Software segment captured major market share for enterprise data management market in the year 2022, owing to rising adoption of software for higher data security and risk assessment. Advancements in emerging technologies such as cloud computing, artificial intelligence (AI), machine learning (ML) and cybersecurity are creating robust industry opportunity for enterprise data management software. The software includes data integration, data security, master data management, data migration, data warehousing, data synchronization and data governance.
Service segment is expected to grow steadily during forecast period due to its property to handle complexities of business data. Enterprise data management services help businesses to reduce operating expense, improve operational efficiency and focus on core competencies.
By Deployment
The Deployment segment is categorized into Cloud and On-premises.
Cloud segment has accounted highest revenue share for enterprise data management market owing to its benefits offered such as minimum maintenance cost, increased scalability, and quicker data distribution. Cloud computing is data storage, data maintenance and data processing via internet or networks of remote server. Cloud based system enable businesses to access the data by implementing analytical tools across the business channels. Thus, rising adoption of cloud-based system propelled the demand of cloud deployment for enterprise data management service.
Moreover, aforementioned segment is anticipated to showcase rapid growth of enterprise data management market due to rising adoption of cloud deployment mode by organizations. Cloud based solution provide easy access of the data at multiple locations coupled with storage expansion. Additionally, rising adoption of cloud-based services by developed countries such as U.S., France, Germany, and U.K. are expected to propelled the demand of EDM solution for data management. For instance, as per European Commission Organization Report 2021, in Europe adoption of cloud-based services raised by 43% during COVID-19 pandemic.
By Organization size
The Organization size segment is divided into Large enterprise and Small & Medium enterprise.
Large enterprise holds largest revenue share for enterprise data management market owing to requirement of high-tech tools including, advanced analytical engine and real time data compilation tools, resulting rapid adoption of data management software. Large enterprise typically generates, access and manage large volume of data. Adoption of cloud-based system in large enterprises is increasing the implementation of enterprise data management tool for high data security and risk management.
Small & medium enterprises is anticipating substantial growth for enterprise data management owing to rapid shifting trend from on-premises to cloud-based deployment mode. SMEs have adopted enterprise data management system to increase business profitability and minimize compliance risks. Additionally, key players are acquiring SMEs for digital transformation resulting lucrative growth of enterprise data management market.
By End-User
The End-User segment is categorized into BFSI, IT & Telecom, Retail & Consumer goods, Healthcare, Manufacturing, and Others.
IT & telecommunication captured major market share for enterprise data management market owing to rising demand of data management and data storage across IT companies. Also, IT firms across the globe is adopting enterprise data management system for data security and data management. Additionally, IT & telecommunication companies continue to develop innovative technologies for strategic business operations. For instance, in July 2021, Informatica launched Intelligent Data Management Cloud on Azure. The system comprises with AI-based cloud system providing data management solution for Asia Pacific region.
BFSI sector is expected to grow rapidly during forecast period due to benefits offered by EDM solution. EDM services helps BFSI vertical for accounting procedures, tracking, and monitoring finances, and improving marketing operations. Thus, rising adoption of emerging technologies is driving the growth of EDM services across BFSI industry.
By Region
The regional segment includes North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
North America region accounted largest revenue share for enterprise data management in the year 2022 due to rapid adoption of emerging technologies and big data analytics. Several companies in the region, such as IBM, Oracle, and Amazon Web Services are early adopters of advanced technologies, propelling the growth of enterprise data management market. For instance, in May 2021, IBM Corporation acquired Catalogic software, a prime provider of data security and data management solution. Moreover, through the acquisition Catalogic software aim to provide data protection for the organizations.
Asia Pacific region is projected to witness fastest growth of enterprise data management market due to adoption of advanced technologies and expansion of industry verticals. The growing popularity for cloud computing and artificial intelligence (AI) is driving the market of enterprise data management in Asia Pacific region.
Enterprise Data Management Market Competitive Landscape
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and application launches have accelerated the growth of the Global Enterprise Data Management Market. Key players in the market include-
• IBM Corp.
• Oracle Corp.
• SAP SE
• Cloudera Inc.
• Amazon Web Services Inc.
• Teradata
• MindTree Ltd.
• Symantec
• Informatica
• Micro Focus
• Talend
• Qlik
• Zaloni Inc.
• MuleSoft LLC.
Recent Developments
• In November 2022, Informatica announced the launch of Intelligent Data Management Cloud (IDMC) platform for state and local government. The platform helps the government agencies to deliver timely and efficient public services to increase cybersecurity and enhance digital citizen experiences.
• In September 2021, Hewlett Packard Enterprise (HPE) acquired Zerto, a cloud data management and protection company, valued at USD 374 million. The acquisition develops HPE GreenLake cloud platform and expand HPE\'s storage business into cloud based data services business.
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| Multi user | : $5460 |
| Corporate user | : $7460 |
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