Enterprise Data Management Market to USD 247.0 Billion by 2032, owing to growing data complexities - Research by SNS Insider
Rising data complexities and the growing need for data-driven decision-making are propelling the demand for enterprise data management solutions.
Pune, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Enterprise Data Management Market Size Analysis:
'The SNS Insider report indicates that the Enterprise Data Management Market size was valued at USD 95.3 billion in 2023 and is expected to grow to USD 246.98 billion by 2032, growing at a CAGR of 11.20% over the forecast period of 2024-2032.'
Driving Growth in the Enterprise Data Management Market: The Impact of Data Complexity, Analytics, and Cloud Adoption.
The growth of the enterprise Data Management market is fueled by rising data complexity and volume in organizations. Since businesses have been producing terabytes of structured and unstructured data, plenty of data has to be stored, managed, and analyzed. Data-driven decision-making is one of the key market trends, as enterprises are leveraging advanced data analytics for insights, operational efficiency, and customer experience. Moreover, the need to adhere to data governance and privacy regulations like GDP has driven the demand for data management systems. Cloud-based offerings are further fueling growth, as they offer scalability, cost-efficiency, and improved accessibility of data. The need for strong EDM solutions to enable analytics, integration, and governance, will only increase as companies march toward digital transformation.Get a Sample Report of Enterprise Data Management Market@ https://www.snsinsider.com/sample-request/2782
Major Players Analysis Listed in this Report are:
Amazon.com, Inc. (Amazon Redshift, Amazon S3)
Broadcom (CA Database Management Solutions for DB2, DX AIOps)
Cloudera, Inc. (Cloudera Data Platform, Cloudera Data Engineering)
Informatica Inc. (Informatica PowerCenter, Informatica Intelligent Data Management Cloud)
International Business Machines Corporation (IBM) (IBM InfoSphere Information Server, IBM Cloud Pak for Data)
LTIMindtree Limited (LTIMindtree Mosaic Data Platform, LTIMindtree Data Analytics Solutions)
Open Text (OpenText Magellan, OpenText Analytics Suite)
Oracle Corporation (Oracle Autonomous Database, Oracle Data Integration Platform)
SAP SE (SAP HANA, SAP Data Intelligence)
Teradata Corporation (Teradata Vantage, Teradata IntelliCloud)
Commvault (Commvault Complete Data Protection, Commvault Data Governance)
Talend (Talend Data Fabric, Talend Data Integration)
Microsoft Corporation (Azure Synapse Analytics, Azure Data Factory)
Google LLC (Google BigQuery, Google Cloud Dataflow)
Snowflake Inc. (Snowflake Data Cloud, Snowflake Data Marketplace)
Alteryx, Inc. (Alteryx Designer, Alteryx Intelligence Suite)
Qlik Technologies Inc. (Qlik Sense, Qlik Data Integration)
Domo, Inc. (Domo BI Platform, Domo Appstore)
Tableau Software (a Salesforce company) (Tableau Desktop, Tableau Prep Builder)
SAS Institute Inc. (SAS Data Management, SAS Viya)
Enterprise Data Management Market Report Scope:
Report Attributes
Details
Market Size in 2023
US$ 95.26 Billion
Market Size by 2032
US$ 246.28 Billion
CAGR
CAGR of 11.2 % From 2024 to 2032
Base Year
2023
Forecast Period
2024-2032
Historical Data
2020-2022
Key Regional Coverage
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Key Growth Drivers
• Surge in Data Usage and Real-Time Analytics Driving Robust Growth in the Enterprise Data Management Market• Rising Data Privacy Regulations and Cybersecurity Threats Drive the Adoption of Enterprise Data Management Solutions
Do you have any specific queries or need any customization research on Enterprise Data Management Market, Make an Enquiry Now@ https://www.snsinsider.com/enquiry/2782
Enterprise Data Management Market by Component: Dominance of Software and Rapid Growth of Services Segment
Software dominated the market and holds the significant revenue share of the Enterprise Data Management Market due to widespread acceptance of data management solutions to optimize enterprise workflows. Data management tools allow organizations to securely store and analyze large volumes of data. In fields like finance, healthcare, and retail where strict compliance and instantaneous decisions are vital, this becomes critical.
The services is anticipated to witness the fastest growth in terms of CAGR, during the forecast period. With more organizations embracing sophisticated data management platforms, the need for expert services to ensure smooth implementation and continued support is on the rise. A shift in the services market to deliver high-value & high-contact data solutions, tailored for scale & security.
Enterprise Data Management Market by Enterprise Size: Dominance of Large Enterprises and Rapid Growth of SMEs
Large enterprises dominated the Enterprise Data Management Market and represented a revenue share of more than 55% in 2023 as they often have complex data needs, large-scale operations, and larger budgets to spend on sophisticated data management solutions.
Small & Medium Enterprises are expected to record the fastest CAGR in the forecast period. SMEs growing more and more aware of the need for data-driven decision-making, and data management solutions that are cheaper, more scalable, and cloud-based are gaining traction among the SMEs. Some of this new found success is propelled by the advancement of AI in a way that allows for data management tools that were previously the domain to only the largest of organizations.
Enterprise Data Management Market Segmentation:
By Deployment Type
Cloud
On-premise
By Component Type
Software
Service
By Enterprise Size
Small & Medium Enterprises (SMEs)
Large Enterprises
By Function Type
Data Warehouse
Data Governance
Data Integration
Data Security
Master Data Management
Others
By Industry Type
BFSI
Retail
Healthcare
IT & Telecom
Manufacturing
Government
OthersBuy an Enterprise-User PDF of Enterprise Data Management Market Analysis & Outlook 2024-2032@ https://www.snsinsider.com/checkout/2782
Enterprise Data Management Market by Deployment: Cloud Dominance and Rapid Growth of On-premise Solutions
The cloud segment dominated the Enterprise Data Management Market and accounted for 51% of revenue share. Driven by, scalable, more cost-effective, and flexible cloud-based platforms, In addition to that, cloud deployments allow real-time data access and collaboration, which is very essential in this day and age for business. The increasing adoption of Software-as-a-Service models and improvements in cloud security will likely continue to drive the growth of the cloud segment over the forecast period.
The on-premise segment is expected to record the fastest CAGR during the forecast period. Although the cloud is ubiquitous, some enterprises still choose on-premise solutions to avoid challenges with data security, control, and compliance.
Enterprise Data Management Market Regional Landscape: North America's Dominance and Asia-Pacific's Rapid Growth
North America dominated the Enterprise Data Management Market and accounted for 33% of the revenue share owing to the presence of major technology companies, faster digital transformation, and strong regulatory frameworks. A large wave of data management solutions has penetrated all sectors of the economy, especially the era, and in the U.S. market, in particular, thanks to the requirements of compliance and also the climate and time of decision making.
The Enterprise Data Management market in the Asia-Pacific region is also the fastest-growing market due to digital technology adoption in emerging economies such as China and India. With the stride towards digitalization among businesses in this region, the need for sound Data Management Solutions is on the rise. Moreover, the growth of e-commerce coupled with increased data privacy concerns and regulatory requirements are compelling organizations to adopt effective data governance and management solutions.
"Key Developments in Enterprise Data Management: IBM's AI-powered Platform and Microsoft's Enhanced Azure Solution"
In March 2024, IBM introduced a new AI-powered data management platform that helps enterprises manage and govern their data more effectively, improving decision-making processes and compliance.
In February 2024, Microsoft launched its latest Azure Data Management solution, offering enhanced data governance features, and integrating machine learning capabilities for predictive analytics.
Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
7. Enterprise Data Management Market Segmentation, By Deployment Type
8. Enterprise Data Management Market Segmentation, By Component Type
9. Enterprise Data Management Market Segmentation, By Enterprise Size
10. Enterprise Data Management Market Segmentation, By Function Type
11. Enterprise Data Management Market Segmentation, By Industry Type
12. Regional Analysis
13. Company Profiles
14. Use Cases and Best Practices
15. Conclusion
Access Complete Report Details of Enterprise Data Management Market Analysis Report 2024-2032@ https://www.snsinsider.com/reports/enterprise-data-management-market-2782
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Those plants shipped $278.24 billion in parts and employed 575,338 people, said Jason Miller, a supply chain management professor at Michigan State University. Even the small suppliers shoulder big economic muscle. Miller said 3,045 companies with fewer than 100 employees operated 3,111 manufacturing plants that shipped $17.66 billion in parts and employed 54,561 people. In Michigan alone, data from the Upjohn Institute, a nonprofit, nonpartisan research center in Michigan, calculates that the state has 117,675 auto supplier jobs. Team 1: A typical small supplier On an afternoon in mid-May, Grigowski drives down the highway, going from meeting to meeting as he talks on the phone to the Free Press about his ever-growing to-do list to mitigate the impact tariffs will have on his company. The company, Team 1 Plastics in Albion, Michigan, is a small supplier, bringing in about $20 million in annual revenue. Its size represents the bulk of companies that make up the auto parts supplier base, Grigowski said. "We're little companies in little towns," Grigowski said. "We employ 80 people, so it's a big deal in a town of 7,000. And we have one location, so we're making decisions that impact everything." Team 1 makes the plastic vehicle parts such as covers, switch components or underhood components. Its business is "almost 100% automotive with a little bit of plumbing," Grigowski said. It provides parts to suppliers that eventually end up on vehicles made by General Motors, Ford Motor Co., Stellantis, Toyota, Honda and Subaru, he said. The parts they make are links in the complex supply chain that weaves across North America. The good news for Team 1 is that some of the materials it uses to make plastic parts are made in the United States, so the company dodges paying tariffs there. 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LaReau is the senior autos writer who covers Ford Motor Co. for the Detroit Free Press. Contact Jamie at jlareau@ Follow her on Twitter @jlareauan. To sign up for our autos newsletter. Become a subscriber.
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