PUNE, India, October 18, 2017 /PRNewswire/ --
According to a new market research report "Enterprise Metadata Management Market by Component (Tools, Services), Application (Governance and Compliance Management, Risk Management, Incident Management), Deployment Model, Metadata Type, Business Function, Industry Vertical - Global Forecast to 2022", published by MarketsandMarkets™, the market size is expected to grow from USD 2.67 Billion in 2017 to USD 7.85 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 24.1%.
Browse 81 Market Data Tables and 35 Figures spread through 149 Pages and in-depth TOC on "Enterprise Metadata Management Market"
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The key factors including centralized management, increasing business data volume, operational efficiency and data quality management, regulations, and risk and compliance management are expected to drive the overall growth of the market.
The risk management application is expected to have the largest market share during the forecast period
The risk management application mainly covers the enterprise risks associated with financial risks, operations risks, or an organization's network efficiency. Organizations use the risk management application to enhance their risk intelligence capabilities for fighting against risk exposures. Risk management has become a necessity for the seamless functioning of a business, and thus demands the integration of metadata management tools and services. In addition, graphically-rich and interactive tools help users make risk calculations in advance, with a better understanding of business and financial data, in terms of graphics, which eventually help enterprises to take optimum measures in a quick time.
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The cloud deployment model is estimated to grow at a high CAGR during the forecast period
The cloud deployment is said to be the fastest-growing deployment model in the Enterprise Metadata Management Market, as it provides higher scalability and reduces the overall operational costs of enterprises. The vendors operating in the global market are focusing on developing robust cloud-based solutions in-line with the increasing migrations to the private or public cloud that would further enhance the market growth. Moreover, the focus of dominant players in the market toward the development of cloud software to transfer on-premises applications to the cloud, and secure enterprise data in both the environments is believed to be accelerating the cloud-based deployment's adoption. The market size of the cloud deployment model is expected to grow at the highest CAGR of 24.7% during the forecast period.
North America is expected to constitute the largest market share, followed by Europe; and APAC is estimated to grow at the highest CAGR
The global market is segmented on the basis of regions that includes North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America is a home for the majority of the industries with a large operation base, and has witnessed a prominent adoption of cloud-based and on-premises data management and governance solutions in most of its industries. The region is expected to be the largest for the adoption of enterprise metadata management solutions, due to higher spending on data management solutions, to achieve enterprise business goals using the governance, risk, and compliance management application. In addition, factors including high penetration rate in the healthcare and life sciences, retail and eCommerce, and BFSI verticals are expected to drive the market growth. Moreover, the data generated through multiple sources is high, due to the increase in the usage of smart devices and the increasing digitalization trends in the region that propel the market growth.
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The Enterprise Metadata Management Market vendors include Adaptive (US), ASG Technologies (US), Cambridge Semantics (US), CentricMinds (VIC), Collibra (US), Data Advantage Group (US), IBM (US), Informatica (US), Oracle (US), SAP (Germany), Talend (US), TopQuadrant (North Carolina), Alation (US), AWS (US), Datum LLC (US), Infogix (US), Mulesoft (US), Global IDs (US), Smartlogic (US), Idera (US), erwin Inc. (US), Information Builders (US), Orchestra Networks (France), Trillium Software (US), and Varonics Systems (US).
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