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Master Data Management Market

Global Master Data Management Market Size, Share, Forecast: By Component: Solution, Service; By Deployment Model: Cloud, On-Premise; By Application: Product Data, Supplier Data, Customer Data, Others; By Enterprise Size: Small and Medium Enterprises, Large Enterprises; By End Use; Regional Analysis; Competitive Landscape; 2024-2032

Global Master Data Management Market Outlook

The global master data management market size reached approximately USD 17.33 billion in 2023. The market is estimated to grow at a CAGR of 14.7% in the forecast period of 2024-2032, reaching a value of around USD 61.40 billion by 2032.

 

Key Trends in the Market

Master data management (MDM) is a discipline of technology which involves the creation of a master record for critical and sensitive data on products, customers, suppliers, and other entities. It ensures that the data of all the key elements across any enterprise is accurate and consistent.

 

  • Growing adoption of multi-domain master data management platforms among businesses to establish a connection between data of different domains such as products, locations, and brands for improved agility and streamlined workflow is one of the crucial master data management market trends.
  • With the rising trend of hyper-personalisation, many enterprises are incorporating MDM platforms that include customer behavioural data, and search history data, among others, to tailor their product and services according to customer requirements.
  • Increased deployment of MDM tools for automation of mundane tasks such as matching data values, and erasing duplicate data, among others, to improve business productivity also contributes to the master data management market growth.
  • The increasing integration of advanced technologies such as IoT in MDM platforms to gain valuable customer insights and improve operational efficiency is another prominent trend driving the market demand.

 

Market Analysis

Based on component, the market is bifurcated into solution and service. On the basis of deployment model, the market is divided into cloud and on-premise. Based on application, the market is classified into product data, supplier data, and customer data, among others. The master data management market segmentation, on the basis of enterprise size, includes small and medium enterprises and large enterprises.

 

Based on end use, the market is categorised into BFSI, government, retail, manufacturing, education, IT and telecommunication, and healthcare, among others. The major regional markets of master data management include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the master data management market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • SAP SE  
  • IBM Corporation
  • Oracle Corporation 
  • SAS Institute Inc.  
  • TIBCO Software Inc.  
  • Informatica Inc.  
  • Ataccama Software, s.r.o.  
  • Stibo Systems  
  • Syndigo LLC  
  • Profisee Group, Inc.   
  • Others

 

Market Share by End Use

The BFSI sector occupies a significant portion of the master data management market share, due to the growing usage of MDM platforms for storing, regulating, and securing sensitive financial data. These platforms also aid banks and other financial institutes in collaboration within teams and in enhancing the customer experience.

 

Meanwhile, the IT and telecommunications sector is also expected to witness robust growth in the forecast period, owing to the increased use of MDM solutions for processing high volumes of data and data cleansing.

 

Market Share by Region

As per the master data management market analysis, North America accounts for a substantial share of the global market, owing to the rapid advancements in technology across the region. Several market players in the region have also increased investments in research and development to enhance their product quality.

 

The growing adoption of MDM tools in BFSI and healthcare applications to enforce data security further provides a positive market outlook. Additionally, the Asia Pacific is expected to gain sizeable growth in the foreseeable future, due to the growing efforts of regional enterprises in improving their business productivity.

 

Competitive Landscape

SAP SE, incorporated in 1972, is a multinational software company, with its headquarters in Walldorf, Germany. The company offers innovative solutions such as autonomous supply chain management, crypto finance, and circular economy management, among others.

 

IBM Corporation is a multinational technology corporation, founded in 1911 and based in New York, the United States. Some of its featured products include IBM Watson Studio, IBM Maximo, and Watson Assistant, among others.

 

Oracle Corporation, established in 1977, is a provider of software and technology, headquartered in Austin, the United States. The company provides its services in the automotive, communications, engineering, food and beverage, and healthcare sectors, among others.

 

Other master data management market players include SAS Institute Inc., TIBCO Software Inc., Informatica Inc., Ataccama Software, s.r.o., Stibo Systems, Syndigo LLC, and Profisee Group, Inc., among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Deployment Model
  • Application
  • Enterprise Size
  • End Use
  • Region
Breakup by Component
  • Solution
  • Service
Breakup by Deployment Model
  • Cloud
  • On-Premise
Breakup by Application
  • Product Data
  • Supplier Data
  • Customer Data
  • Others
Breakup by Enterprise Size
  • Small and Medium Enterprises
  • Large Enterprises
Breakup by End Use
  • BFSI
  • Government
  • Retail
  • Manufacturing
  • Education
  • IT and Telecommunication
  • Healthcare
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • SAP SE  
  • IBM Corporation
  • Oracle Corporation 
  • SAS Institute Inc.  
  • TIBCO Software Inc.  
  • Informatica Inc.  
  • Ataccama Software, s.r.o.  
  • Stibo Systems  
  • Syndigo LLC  
  • Profisee Group, Inc.   
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description   
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Master Data Management Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Master Data Management Historical Market (2018-2023) 
    8.3    Global Master Data Management Market Forecast (2024-2032)
    8.4    Global Master Data Management Market by Component
        8.4.1    Solution 
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Service
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Master Data Management Market by Deployment Model
        8.5.1    Cloud
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    On-Premise
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Master Data Management Market by Application
        8.6.1    Product Data
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Supplier Data
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Customer Data
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Others
    8.7    Global Master Data Management Market by Enterprise Size
        8.7.1    Small and Medium Enterprises
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Large Enterprises
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
    8.8    Global Master Data Management Market by End Use
        8.8.1    BFSI
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Government
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Retail
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Manufacturing
            8.8.4.1    Historical Trend (2018-2023)
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Education
            8.8.5.1    Historical Trend (2018-2023)
            8.8.5.2    Forecast Trend (2024-2032)
        8.8.6    IT and Telecommunication
            8.8.6.1    Historical Trend (2018-2023)
            8.8.6.2    Forecast Trend (2024-2032)
        8.8.7    Healthcare
            8.8.7.1    Historical Trend (2018-2023)
            8.8.7.2    Forecast Trend (2024-2032)
        8.8.8    Others
    8.9    Global Master Data Management Market by Region
        8.9.1    North America
            8.9.1.1    Historical Trend (2018-2023)
            8.9.1.2    Forecast Trend (2024-2032)
        8.9.2    Europe
            8.9.2.1    Historical Trend (2018-2023)
            8.9.2.2    Forecast Trend (2024-2032)
        8.9.3    Asia Pacific
            8.9.3.1    Historical Trend (2018-2023)
            8.9.3.2    Forecast Trend (2024-2032)
        8.9.4    Latin America
            8.9.4.1    Historical Trend (2018-2023)
            8.9.4.2    Forecast Trend (2024-2032)
        8.9.5    Middle East and Africa
            8.9.5.1    Historical Trend (2018-2023)
            8.9.5.2    Forecast Trend (2024-2032)
9    North America Master Data Management Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Master Data Management Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Master Data Management Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Master Data Management Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Master Data Management Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    SAP SE 
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    IBM Corporation
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Oracle Corporation
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    SAS Institute Inc. 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    TIBCO Software Inc. 
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Informatica Inc. 
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Ataccama Software, s.r.o. 
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Stibo Systems 
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Syndigo LLC 
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Profisee Group, Inc. 
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Master Data Management Market: Key Industry Highlights, 2018 and 2032
2.    Global Master Data Management Historical Market: Breakup by Component (USD Billion), 2018-2023
3.    Global Master Data Management Market Forecast: Breakup by Component (USD Billion), 2024-2032
4.    Global Master Data Management Historical Market: Breakup by Deployment Model (USD Billion), 2018-2023
5.    Global Master Data Management Market Forecast: Breakup by Deployment Model (USD Billion), 2024-2032
6.    Global Master Data Management Historical Market: Breakup by Application (USD Billion), 2018-2023
7.    Global Master Data Management Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.    Global Master Data Management Historical Market: Breakup by Enterprise Size (USD Billion), 2018-2023
9.    Global Master Data Management Market Forecast: Breakup by Enterprise Size (USD Billion), 2024-2032
10.    Global Master Data Management Historical Market: Breakup by End Use (USD Billion), 2018-2023
11.    Global Master Data Management Market Forecast: Breakup by End Use (USD Billion), 2024-2032
12.    Global Master Data Management Historical Market: Breakup by Region (USD Billion), 2018-2023
13.    Global Master Data Management Market Forecast: Breakup by Region (USD Billion), 2024-2032
14.    North America Master Data Management Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    North America Master Data Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Europe Master Data Management Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Europe Master Data Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Asia Pacific Master Data Management Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Asia Pacific Master Data Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Latin America Master Data Management Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Latin America Master Data Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Middle East and Africa Master Data Management Historical Market: Breakup by Country (USD Billion), 2018-2023
23.    Middle East and Africa Master Data Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
24.    Global Master Data Management Market Structure

Key Questions Answered in the Report

What was the master data management market value in 2023?

In 2023, the market reached an approximate value of USD 17.33 billion.

What is the growth rate of the master data management market?

The market is projected to grow at a CAGR of 14.7% between 2024 and 2032.

What is the forecast outlook of the master data management market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 61.40 billion by 2032.

What are the major market drivers?

The major market drivers are the growing usage of multi-domain data management tools among businesses, increased demand for consumer-centric business models, and a surge in the adoption of cloud computing.

What are the key trends of the market?

The key trends of the market include the incorporation of MDM platforms with features that offer hyper-personalisation to enterprises, the deployment of MDM tools for automation, and the advent of advanced technologies such as IoT in the MDM platform.

What are the major regional markets for master data management, according to the report?

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the different components of master data management?

Different components are solution and service.

Who are the key market players, according to the master data management market report?

The key players in the market are SAP SE, IBM Corporation, Oracle Corporation, SAS Institute Inc., TIBCO Software Inc., Informatica Inc., Ataccama Software, s.r.o., Stibo Systems, Syndigo LLC, and Profisee Group, Inc., among others.

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