The major factors driving the market include the increasing use of data quality tools for data management and the rising need for compliance. Request Report COVID-19 impact on the Master Data Management Market

According to a new research report, the master data management market size is projected to grow from USD 9.5 billion in 2018 to USD 22.0 billion by 2023, at a CAGR of 18.3% from 2018 to 2023. The major growth drivers for the market include the increasing use of data quality tools for data management and the rising need for compliance.

Browse 45 market data Tables and 33 Figures spread through 116 Pages and in-depth TOC on “Master Data Management Market by Component (Solutions & Services), Data Type, Deployment Type (Cloud & On-Premises), Organization Size (SMEs & Large Enterprises), Vertical (BFSI, Retail, Manufacturing, Healthcare), and Region – Global Forecast to 2023″

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to identify and collect information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, whitepapers, certified publications and articles by recognized authors, gold standard and silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The master data management market comprises several stakeholders, such as service providers, solution vendors, system integrators, technology partners, consulting firms, research organizations, managed service providers, government agencies, financial bodies, resellers and distributors, enterprise users, and technology providers. The demand side of the market consists of financial institutions, investors, and insurance companies. The supply side includes master data management solutions providers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

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North America is expected to hold the largest market share during the forecast period.

The North American region has sustainable and well-established economies, which empower it to invest significantly in R&D activities, thereby contributing to the development of new technologies in master data management. The presence of the majority of key players is expected to be the major factor driving the growth of the market in this region. Key players such as IBM (US), Oracle (US), SAS Institute (US), Teradata (US), Informatica (US), Talend (US), TIBCO Software (US), and Riversand (US), along with several start-ups in the region are offering enhanced master data management solutions & services to cater the needs of customers.

Market Players

The major vendors covered in the master data management market include IBM (US), SAP (Germany), Oracle (US), SAS Institute (US), Teradata (US), Informatica (US), Talend (US), TIBCO Software (US), Riversand (US), SyncForce (Netherlands), Profisee Group (US), Reltio (US), Semarchy (US), Stibo Systems (Denmark), and EnterWorks (US).

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