Master Data Management Market Growth, Size, Trends, Share, Revenue and Future Outlook

Master Data Management Market Size- By Component, By Deployments Model, By Enterprise Size, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Master Data Management Market Size- By Component, By Deployments Model, By Enterprise Size, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Feb 2024 Report ID: IACT2430 Pages: 1 - 235 Formats*:     
Category : Information & Communications Technology
Master Data Management Market Introduction and Overview 

According to SPER Market Research, the Global Master Data Management Market is estimated to reach USD 86.86 billion by 2033 with a CAGR of 16.59%.

The report includes an in-depth analysis of the Global Master Data Management Market, including market size and trends, product mix, Applications, and supplier analysis. The process of producing and keeping a single, accurate, and consistent version of master data across an organization is known as master data management, or MDM. Important corporate data entities like personnel files, supplier data, and customer, product, and supplier information are all included in master data. With the aid of MDM, this master data is standardized, cleaned, and synchronized throughout the organization's numerous systems and applications. Giving various business units and apps access to a reliable and authoritative source of master data is the primary goal of MDM. By establishing a single version of the truth for master data, MDM helps organizations to enhance data governance, eliminate data duplication, and enhance data quality.

  • In February 2023: Talend released an update to its end-to-end platform for data discovery, transformation, governance, and sharing called Talend Data Fabric, along with improvements to its master data management. With the addition of data observability, data professionals can now provide reliable data for self-service data access and automatically and proactively monitor the quality of their data over time. Users can easily find data blind spots and find new datasets by using dataset crawling or tags.
  • IBM Corporation improved InfoSphere master data management 12.0 in March 2021. This version offers faster task resolution decisions with machine learning assisted stewardship and better compliance support. Additionally, IBM InfoSphere Global Name Management 7.0 and IBM InfoSphere Identity Insight 10.0 offer enhanced usability.
Master Data Management Market
Market Opportunities and Challenges

A number of significant factors create opportunities for master data management Market, or MDM, into strong growth. One of the main factors affecting the market's growth during the forecast period is the increase in the volume and complexity of data, as well as the growing need for data governance and regulatory compliance. An approach that is centralized and standardized is essential for managing critical data in businesses that operate in diverse markets and expand their reach across geographic boundaries. A unified, accurate, and consistent version of master data, including supplier, customer, and product details, can be created, managed, and maintained by organizations using MDM solutions, which offer a comprehensive framework for doing so.

The master data management (MDM) market faces a number of obstacles. The sheer amount and variety of data that businesses produce is a major obstacle, particularly in the big data, Internet of Things, and multi-channel customer interaction era. For MDM implementations, managing and combining this enormous amount of data while maintaining accuracy and consistency presents formidable challenges. Furthermore, compatibility problems are brought on by the ongoing changes in data sources and formats, which makes it difficult for MDM solutions to work seamlessly with different systems. Establishing a data-driven culture and overcoming resistance to change are two more organizational and cultural challenges that many businesses face.

Master Data Management Market


Market Competitive Landscape
Oracle Corporation, Broadcom Inc., Cloud Software Group, Inc., Ataccama, IBM, SAP SE, SAS Institute Inc., and Informatica Inc. are some of the major companies in the master data management market. In addition, it displays the tactics employed by the major players in the master data management industry to increase their market share and maintain competitiveness.

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Product Type, By Mode of Delivery, By End User
 Regions coveredNorth America, Asia-Pacific, Latin America, Middle East & Africa and Europe
 Companies CoveredOracle Corporation, Amazon Web Services, Talend, Ataccama, Broadcom Inc, SAP SE, SAS Institute Inc., IBM, Cloud Software Group, Inc., Informatica Inc.
COVID-19 Impact on Global Master Data Management Market
The COVID-19 pandemic had a major effect on the master data management (MDM) market. The global health crisis has brought opportunities as well as challenges to the industry, even with the robust demand for MDM solutions overall. One of the main effects of COVID-19 on the MDM market is the increased need for reliable and accurate data management. Organizations needed to quickly adapt to shifting consumer preferences, shifting business environments, and supply chain interruptions. Research has highlighted the importance of implementing a robust MDM strategy to ensure data consistency across systems and facilitate agile decision-making. Businesses were investing in MDM solutions to manage and govern their master data more effectively.

Key Target Audience
  • Enterprise-Level Organizations
  • Global Corporations
  • Data-Intensive Industries
  • Chief Information Officers (CIOs)
  • Chief Data Officers (CDOs)
  • Data Governance Professionals
  • IT Managers and Directors
  • Business Intelligence and Analytics Teams
Our in-depth analysis of the Master Data Management Market includes the following segments:
By Component:
  • Solution
  • Services
  • By Deployments Model:
  • On-premise
  • Cloud
  • By Enterprise size:
  • Large Enterprise
  • Small and Medium-sized Enterprise

  • Key Topics Covered in the Report
    • Global Master Data Management Market Size (FY’2023-FY’2033)
    • Overview of Global Master Data Management Market
    • Segmentation of Global Master Data Management Market By Component (Solution, Services)
    • Segmentation of Global Master Data Management Market By Deployment Model (On-Premise, Cloud)
    • Segmentation of Global Master Data Management Market By Enterprise size (Large Enterprise, Small and Medium-sized Enterprise)
    • Segmentation of Global Master Data Management Market By End User (BFSI, IT and Telecom, Government, Manufacturing, Healthcare, Retail and E-commerce, Others)
    • Statistical Snap of Global Master Data Management Market
    • Expansion Analysis of Global Master Data Management Market
    • Problems and Obstacles in Global Master Data Management Market
    • Competitive Landscape in the Global Master Data Management Market
    • Impact of COVID-19 and Demonetization on Global Master Data Management Market
    • Details on Current Investment in Global Master Data Management Market
    • Competitive Analysis of Global Master Data Management Market
    • Prominent Players in the Global Master Data Management Market
    • SWOT Analysis of Global Master Data Management Market
    • Global Master Data Management Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1. Introduction 
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Global Master Data Management Market

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Global Master Data Management Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Master Data Management Market

    7. Global Master Data Management Market, By Component (USD Million)
    7.1. Global Master Data Management Market Value Share and Forecast, By Component, 2023-2033
    7.2. Solution
    7.3. Services

    8. Global Master Data Management Market, By Deployments Model (USD Million)
    8.1. Global Master Data Management Market Value Share and Forecast, By Deployments Model, 2023-2033
    8.2. On-premise
    8.3. Cloud 

    9. Global Master Data Management Market, By Enterprise size (USD Million)
    9.1. Global Master Data Management Market Value Share and Forecast, By Enterprise size, 2023-2033
    9.2.  Large Enterprise
    9.3. Small and Medium-sized Enterprise

    10. Global Master Data Management Market, By End User (USD Million)
    10.1. Global Master Data Management Market Value Share and Forecast, By End User, 2023-2033
    10.2. BFSI
    10.3. IT and Telecom
    10.4. Government
    10.5. Manufacturing
    10.6. Healthcare
    10.7. Retail and E-commerce
    10.8. Others

    11. Global Master Data Management Market Forecast, 2023-2033 (USD Million)
    11.1. Global Master Data Management Market Size and Market Share

    12. Global Master Data Management Market, By Component, 2019-2033 (USD Million)
    12.1. Global Master Data Management Market Size and Market Share By Component (2019-2026)
    12.2. Global Master Data Management Market Size and Market Share By Component (2027-2033)

    13. Global Master Data Management Market, By Deployments Model, 2019-2033 (USD Million)
    13.1. Global Master Data Management Market Size and Market Share By Deployments Model (2019-2026)
    13.2. Global Master Data Management Market Size and Market Share By Deployments Model (2027-2033)

    14. Global Master Data Management Market, By Enterprise size, 2019-2033 (USD Million)
    14.1. Global Master Data Management Market Size and Market Share By Enterprise size (2019-2026)
    14.2. Global Master Data Management Market Size and Market Share By Enterprise size (2027-2033)

    15. Global Master Data Management Market, By End User, 2019-2033 (USD Million)
    15.1. Global Master Data Management Market Size and Market Share By End User (2019-2026)
    15.2. Global Master Data Management Market Size and Market Share By End User (2027-2033)

    16. Global Master Data Management Market, By Region, 2019-2033 (USD Million)
    16.1. Global Master Data Management Market Size and Market Share By Region (2019-2026)
    16.2. Global Master Data Management Market Size and Market Share By Region (2027-2033) 
    16.3. Asia-Pacific
    16.3.1. Australia
    16.3.2. China
    16.3.3. India
    16.3.4. Japan
    16.3.5. South Korea
    16.3.6. Rest of Asia-Pacific
    16.4. Europe
    16.4.1. France
    16.4.2. Germany
    16.4.3. Italy
    16.4.4. Spain
    16.4.5. United Kingdom
    16.4.6. Rest of Europe
    16.5. Middle East and Africa
    16.5.1. Kingdom of Saudi Arabia 
    16.5.2. United Arab Emirates
    16.5.3. Rest of Middle East & Africa
    16.6. North America
    16.6.1. Canada
    16.6.2. Mexico
    16.6.3. United States
    16.7. Latin America
    16.7.1. Argentina
    16.7.2. Brazil
    16.7.3. Rest of Latin America

    17. Company Profile
    17.1. Amazon Web Services
    17.1.1. Company details
    17.1.2. Financial outlook
    17.1.3. Product summary 
    17.1.4. Recent developments
    17.2. Ataccama
    17.2.1. Company details
    17.2.2. Financial outlook
    17.2.3. Product summary 
    17.2.4. Recent developments
    17.3. Broadcom Inc
    17.3.1. Company details
    17.3.2. Financial outlook
    17.3.3. Product summary 
    17.3.4. Recent developments
    17.4. Cloud Software Group, Inc.
    17.4.1. Company details
    17.4.2. Financial outlook
    17.4.3. Product summary 
    17.4.4. Recent developments
    17.5. IBM
    17.5.1. Company details
    17.5.2. Financial outlook
    17.5.3. Product summary 
    17.5.4. Recent developments
    17.6. Informatica Inc.
    17.6.1. Company details
    17.6.2. Financial outlook
    17.6.3. Product summary 
    17.6.4. Recent developments
    17.7. Oracle Corporation
    17.7.1. Company details
    17.7.2. Financial outlook
    17.7.3. Product summary 
    17.7.4. Recent developments
    17.8. SAP SE
    17.8.1. Company details
    17.8.2. Financial outlook
    17.8.3. Product summary 
    17.8.4. Recent developments
    17.9. SAS Institute Inc.
    17.9.1. Company details
    17.9.2. Financial outlook
    17.9.3. Product summary 
    17.9.4. Recent developments
    17.10. Talend
    17.10.1. Company details
    17.10.2. Financial outlook
    17.10.3. Product summary 
    17.10.4. Recent developments
    17.11. Others 
     
    18. List of Abbreviations

    19. Reference Links

    20. Conclusion

    21. Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Master Data Management Market is projected to reach USD 86.86 billion by 2033, growing at a CAGR of 16.59% during the forecast period.
    Master Data Management Market size from 2022. The Market is expected to reach USD 86.86 billion by 2033, at a CAGR of 16.59% during the forecast period.
    Master Data Management Market CAGR of 16.59% during the forecast period.
    You can get the sample pages by clicking the link - Click Here
    Master Data Management Market size is 86.86 billion from 2023 to 2033.
    Master Data Management Market Segment is covered By Product Type, By Mode of Delivery, By End User.
    The North America is anticipated to have the highest market share in the Master Data Management Market.
    "The key players in the market include Companies Covered Oracle Corporation, Amazon Web Services, Talend, Ataccama, Broadcom Inc, SAP SE, SAS Institute Inc., IBM, Cloud Software Group, Inc., Informatica Inc."
    The process of producing and keeping a single, accurate, and consistent version of master data across an organization is known as master data management, or MDM. Important corporate data entities like personnel files, supplier data.
    Not able to find what you are looking for? Need customization in the existing report?
    Click Here
    PLACE AN ORDER
    • 15% off
       
      $ 4250
    • 20% off
               
      $ 5650
    • 25% off
           
      $ 7450
    Pre-Purchase Inquiry
    SEND AN INQUIRY
    NEED CUSTOMIZATION?
    Request Customization
    CALL OR EMAIL US
    US:
    India:
    Email:
    100% Secure Payment

    SPER American Express
    SPER VISA
    SPER Master Card
    SPER Mestro
    SPER Paypal
    SPER CCAvenues

    Join Our SPER Panel

    Our Global Clients

    Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
    SPER-Astellas Pharma
    SPER-Citi Bank
    SPER-Microsoft
    SPER-EY
    SPER-Sanofi
    SPER-p&g
    SPER-Johnson & Johnson
    SPER-SIEMENS
    SPER-LOREAL
    SPER-Pfizer
    SPER-IPSOS
    SPER-Heineken
    SPER-IQVIA
    SPER-Kankar IMRB
    SPER-PWC
    SPER-Astellas Pharma
    SPER-Citi Bank
    SPER-Microsoft
    SPER-EY
    SPER-Sanofi
    SPER-p&g
    SPER-Johnson & Johnson
    SPER-SIEMENS
    SPER-LOREAL
    SPER-Pfizer
    SPER-IPSOS
    SPER-Heineken
    SPER-IQVIA
    SPER-Kankar IMRB
    SPER-PWC

    SPER

    Market Research

    We are the leading, full-service global market research and consulting company.

    Certificates
    iso-1 iso-1 iso-1 ESOMAR
    Secure Payments
    SPER Payment Options
    Contact HR

     [email protected]

     +91-742-898-5650