Global Master Data Management Market (Business Opportunities - Marketing & Sales)

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Item ID 8657154 in Category: Business Opportunities - Marketing & Sales

Global Master Data Management Market


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Global Master Data Management Market was valued US$ 13.83 Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during a forecast period.

Global Master Data Management Market

Master data management market makes it convenient to use data for different business operations to increase operational as well as business performance and offer enhanced customer services. Indispensable need to install centrally located or managed data, growing requirements for verification and compliance and multiplying needs for excellent business performance and data quality are some of the many factors drive the growth of master data management market.

However, current apprehensions over data security as well as a lack of awareness about the advantages associated with the data management solutions are the prime factors restraining the progress of the market. Nonetheless, incorporation of integrated vendor solutions are expected to offer new opportunities to the service providers.

The global master data management market based on application, service type, deployment, user type, industry, and region. In terms of application, the master data management market is classified into customer data, product data, supplier data, and multi-domain. Based on the service type, the master data management market is segregated into consulting, implementation, training & support. On the basis of user type, the master data management market is divided into SMEs and large enterprises.

By deployment, the master data management market is classified into cloud and on-premises. In terms of industry, the master data management market is categorized into BFSI, government, retail, IT and telecom, manufacturing, energy and utilities, healthcare, transportation and logistics, media and entertainment, and others.

In terms of deployment, the cloud segment is anticipated to grow at the fastest rate, due to low cost and greater flexibility to scale up. By enterprise size, large enterprises led the global master data management market. Small and medium enterprises (SMEs) segment is anticipated to rise at the fastest during the forecast period.


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Last Update : 25 August 2020
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2020-11-25 (0.072 sec)