NEW YORK, Dec. 3, 2021 /PRNewswire/ -- The enterprise
data management market size will witness a growth of USD 64.08 billion from 2020 to 2025, as per the
latest market analysis report by Technavio. The report also
identifies the market growth momentum to accelerate at 12.89%
during the forecast period. The report offers an outlook on
various factors influencing the current market scenario, latest
trends, drivers, and challenges impacting the overall market
environment.
For more insights on the CAGR and YOY Growth
Analysis, Read our Sample Report
Enterprise Data Management Market 2020-2025: Vendor
Landscape
The market is fragmented, and the degree of
fragmentation will accelerate during the forecast period.
Competitors are focusing on differentiating their product
offerings with unique value propositions to strengthen their
foothold in the market. Market vendors also have to leverage the
existing growth prospects in the fast-growing segments, while
maintaining their positions in the slow-growing
segments. Vendors are partnering with colocation service
providers to build data centers that are targeted at SMEs. An
increase in M&A will create opportunities for vendors to expand
their reach, both geographically and in terms of products offered
during the forecast period. Market players are increasing their
spending on data center construction while looking forward to
co-locating space for data center operations.
Some of the prominent vendors in the market include ABBYY
Solutions Ltd., Adobe Inc., Cognizant Technology Solutions Corp.,
Dell Technologies Inc., Informatica LLC, International Business
Machines Corp., Microsoft Corp., Oracle Corp., SAS Institute Inc.,
and Teradata Corp. among others. These companies are highly engaged
in new product launches and M&As. For instance, In
July 2021, Cognizant Technology
Solutions Corp. acquired TQS Integration to help clients transition
to Industry 4.0 and expedite the production of life-changing
medicines. Also, In October
2021, Teradata Corp. partnered with H2O.ai to accelerate the
enterprise's AI adoption.
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Enterprise Data Management Market 2020-2025: Drivers and
Challenges
Growing demand for data integration and visual
analytics has been instrumental in driving the growth of the
market. Enterprises in various end-user sectors are adopting data
integration solutions. The use of AI in cognitive media
solutions allows real-time synthesizing of data for effective
decision-making by facilitating real-time analysis. In addition,
vendors are also introducing AI-powered products to increase the AI
capabilities of analytics. With the exponential increase in data
volume, the need for analyzing, monitoring, transforming, and
interpreting data has become a major priority for business
operations. As a result, enterprises are also integrating business
analytics software with their businesses for the dynamic
representation of data. In addition, other factors such as
rising demand for digitalization and surging data explosion across
industries will further influence the market growth positively
during the forecast period
However, high price of application software might hamper
the market growth. Enterprise application software solutions
are generally expensive due to the high costs associated with the
development and licensing. The high price of application
software restricts organizations from purchasing such solutions. In
some cases, organizations delay their purchase decisions. In both
ways, high prices limit market growth. In addition, other factors
such as integration challenges related to unscalable applications
and data privacy concerns are also expected to limit the
market growth.
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Insights on Crucial Factors Influencing the Market
Enterprise Data Management Market 2020-2025: Segmentation
Analysis.
- By End-user, the market is segmented by
-
- BFSI
- Healthcare
- Manufacturing
- Retail
- Others
The BFSI segment dominated the global EDM market and will
continue to hold a major share of the market during the forecast
period. Factors such as the complete digitization of core
processes, rising volume of data, and the surging adoption of
customer-centric approaches will fuel this segment's growth during
the forecast period. The deployment of EDM software solutions
allows financial institutions to manage data generated from diverse
systems and processes such as loan processing, claims management,
customer data management, and financial transactions
electronically, in turn, improving customer-centricity.
- Geography
-
- North America
- Europe
- APAC
- South America
- MEA
North America held the largest
enterprise data management market share in 2020 owing to the
presence of many key vendors and technological maturity of several
industries, particularly, in the US and Canada. Several
companies from the Manufacturing, telecommunications,
infrastructure development, BFSI, and retail sector are
adopting EDM solutions to analyze the increasing volume of data
generated. The US is the leading market for EDM solutions in
North America. The increase in
volume and development of the industrial sector, regulatory
standards, and penetration of key vendors have driven the expansion
of the EDM market in the country. In addition, innovative
advances, the early adoption of technologies, development in the
industrial and private sectors, and penetration by key vendors in
Canada are also likely to boost
the market growth during the forecast period.
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and Their Market Share Contribution
Enterprise Data Management Market 2020-2025:
Scope
Technavio presents a detailed picture of the market by
the way of study, synthesis, and summation of data from multiple
sources. The enterprise data management market report
covers the following areas:
- Enterprise Data Management Market Size
- Enterprise Data Management Market Trends
- Enterprise Data Management Market Industry Analysis
For customizing this Report to Meet your
Business Requirements, Talk to our Analysts.
Enterprise Data Management Market 2021-2025: Key
Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist enterprise
data management market growth during the next five years
- Estimation of the enterprise data management market size
and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer
behavior
- The growth of the enterprise data management market
- Analysis of the market's competitive landscape and detailed
information on vendors
- Comprehensive details of factors that will challenge the growth
of enterprise data management market, vendors
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Enterprise Data
Management Market Scope
|
Report
Coverage
|
Details
|
Page
number
|
120
|
Base year
|
2020
|
Forecast
period
|
2021-2025
|
Growth momentum &
CAGR
|
Accelerate at a CAGR
of 12.89%
|
Market growth
2021-2025
|
USD 64.08
billion
|
Market
structure
|
Fragmented
|
YoY growth
(%)
|
10.99
|
Regional
analysis
|
North America,
Europe, APAC, South America, and MEA
|
Performing market
contribution
|
North America at
40%
|
Key consumer
countries
|
US, UK, Canada,
China, and Germany
|
Competitive
landscape
|
Leading companies,
competitive strategies, consumer engagement scope
|
Companies
profiled
|
ABBYY Solutions Ltd.,
Adobe Inc., Cognizant Technology Solutions Corp., Dell Technologies
Inc., Informatica LLC, International Business Machines Corp.,
Microsoft Corp., Oracle Corp., SAS Institute Inc., and Teradata
Corp.
|
Market
Dynamics
|
Parent market
analysis, Market growth inducers and obstacles, Fast-growing and
slow-growing segment analysis, COVID-19 impact and future consumer
dynamics, market condition analysis for the forecast
period,
|
Customization
purview
|
If our report has not
included the data that you are looking for, you can reach out to
our analysts and get segments customized.
|
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation by End-user
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
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