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Global Enterprise Data Management Market to Grow at a CAGR of 12.8% During 2022-2027, Aided by the Rising Application in the Transportation and Logistics Sector

According to a new report by EMR titled, ‘Global Enterprise Data Management Market Report and Forecast 2022-2027’, the global enterprise data management industry attained a value of more than USD 73.1 billion in 2021. The market is expected to grow at a CAGR of 12.8% in the forecast period of 2022-2027 to attain over USD 150.6 billion by 2027.

The enterprise data management market is driven by the growing application of data management software in the transport and logistics industry. The growing adoption of cloud-based data management software in transportation and logistics firms has been augmenting the market. Data management in transport and logistics boost performance management, enhance order processing capabilities, increase visibility, and generate accurate forecasts. Shipping processes are complex as hefty data is involved in it. Hence data management bolsters the accuracy and makes sure there is no monkey business in the market.

In terms of region, North America is likely to dominate the market in the forecast period. This can be attributed to the technological advancements in the small, medium, and large enterprises in the region. The rising cases of business frauds, discrepancy, and mismanagement of data have been bolstering the dependence of various organisations on cloud-based data management services. Medium and large-sized enterprises in the United States of America and Canada make hefty transactions every day. Hence, the data management services and software are likely to gain traction in the forecast period in the region.

In December 2020, Oracle Corporation (NYSE: ORCL) announced the launch of a cloud-based MySQL database service with a new analytics engine that will be capable of performing transaction process and business analysis tasks within the same database system. This MySQL system will be a high-performance, lower-cost alternative to competing systems such as AWS RDS database and Redshift cloud data warehouse. This move will further expand the database services portfolio of Oracle Corporation.

Market Breakup by Components, Deployment Modes, Enterprise Sizes, Industries, and Region:

  • The market is segmented on the basis of components into software and services.
  • The deployment modes of the product include on-premises and cloud.
  • The market segmentation, based on enterprise size, includes small and medium-sized enterprises and large enterprises.
  • The industries in the enterprise data management market include healthcare and life sciences, banking, financial services, insurance, telecom and information technology, retail and consumer goods, media and entertainment, manufacturing, energy and utilities, transportation and logistics, government and defense, among others. 
  • The regional markets for enterprise data management can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for enterprise data management is driven by the growing application of data management services and software in various industries, including transportation and logistics, healthcare and life science, telecom and information technology, among others.
  • The growing expansion of small, medium, and large enterprises is likely to propel the market growth. Medium and large enterprises go through hefty transactions every day.
  • The technological advancements in cloud-based services, which include upgradation and the addition of new features, are likely to aid the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global enterprise data management market for the periods (2017-2021) and (2022-2027). 
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the components, deployment modes, enterprise sizes, industries, and regions of enterprise data management.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global enterprise data management industry are SAP SE, Oracle Corporation, Teradata Corporation, NortonLifeLock Inc., and Cloudera, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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