Market Scope
The enterprise data management market can thrive can value at USD 1565.38 Billion at 8.89% CAGR by 2030.. It is driven by increasing digitalization and adoption of parallel architecture by enterprises for processing rapid data delivery and prevention of data mismanagement. Change in data policies and ability of the software for predicting forecasts based on historical trends and events can drive the market demand.
The COVID-19 outbreak has had a negligible impact on the enterprise data management market owing to adoption of IoT and software for arranging data in a hierarchy. Adherence to changing regulations like the General Data Protection Regulation (GDPR) can influence the market growth significantly.
Competition Analysis
MongoDB, Mindtree, Oracle Corporation, Talend, Accenture, Cognizant, Mulesoft, Primitive Logic, Teradata Corporation, SAP SE, Jade Global, Liasion Technologies, Symantec Corporation, IBM Corporation, Intel Security, Solix technologies Inc., SAS Institute Inc., and Goldensource are key players of the enterprise data management market.
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Pelco, Inc.(U.S.), Quantum Corporation (U.S.), Buffalo Technology (Japan), Iveda Solutions Inc. (U.S.), Promise Technology Inc. (U.S.), Mindtree Limited (India), and Arxys Software Orchestrated Storage (U.S.), are some of the key innovators in the market. Western Digital Corporation (U.S.), Pacific Controls (UAE), Johnson Controls (U.S.), Rasilient Systems Inc. (U.S.), Nexsan Corporation (U.S.), Eyecast Inc. (U.S.), Veracity (U.K), Fujitsu (Japan) are among others.
Segmentation
By component, the enterprise data management market is divided into solutions and services. On the basis of services, the market is sub-segmented into professional services and managed services. The professional services are further segregated into consulting services, implementing integrating services, and training support services. The solutions are segmented into data quality, data integration, data warehousing, data governance, data synchronization, data security, data processing, and others. Among components, the solutions segment is deemed to garner huge demand over the forecast period.
By organization type, the market is segregated into large enterprise and small medium enterprise. Large enterprises are likely to be a huge market for enterprise data management on account of generating large volumes of data and collaboration between different departmental sections.
By deployment, the market is divided into on-cloud and on-premises. The on-cloud segment is expected to take the lead owing to low costs for storing resources and scalability of cloud plans. Minimum support and maintenance costs are also attracting huge users towards the segment.
By end-user, the market is segmented into government, IT telecom, BFSI, transportation logistics, manufacturing, energy power, healthcare, and others. The BFSI sector is likely to adopt enterprise data management owing to large number of clients and need for filters to parse out pertinent insights.
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Regional Analysis
North America, Europe, Asia-Pacific, and Rest of the World (RoW) are major regions covered in the enterprise data managements market.
North America is expected to command a large market share owing to large number of enterprises deploying cloud-based solutions for data management. Huge demand for risk management solutions can induce the market demand in the region.
On the other hand, Asia-Pacific is estimated to display a strong growth rate during the forecast period owing to investments in the IT sector. Japan, China, and India are likely to deliver huge returns for the region. Adoption of big data strategies for identification of threats can drive the regional enterprise data management market growth.
