Stratview Research delivers key insights on the global Master Data Management Market. According to Stratview Research, the market is segmented By Component (Solutions, Services), By Deployment (Cloud, On-premises), By End-Use (Banking, Financial Services and Insurance (BFSI), Government, Retail, IT and Telecom, Manufacturing, Energy and Utilities, Healthcare, Others) and Region [Brazil, Argentina, and Others]).
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Market Segments' Analysis
Deployment Trends
Based on deployment, the master data management market has been classified into cloud and on-premises. Under these, the cloud segment held a significant market share in 2020 as it helps lower the total cost of ownership as well as increase data storage capabilities for enterprises across the world. Also, cloud-based deployment has offered businesses to operate without a server infrastructure or office location, thus enabling employees to work remotely, thereby boosts the segment growth in the coming years.
Regional Trends
By region, the Asia Pacific market held a significant market share in 2020 and is projected to grow at a robust CAGR in the coming years. Growing awareness regarding the rise in business productivity, complemented with competently designed MDM solutions provided by vendors in the highly potential regional market.
Key Players
The following are some of the key players in the master data management market:
- IBM Corporation (US)
- Tibco Software Inc (US)
- Oracle Corporation (US)
- Teradata Corporation (US)
- Riversand (US)
- SAS Institute (US)
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for master data management market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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