Master Data Management (MDM) Market Size is Projected to Grow USD 17880 by 2026 | Valuates Reports

Master Data Management (MDM) Market Size is Projected to Grow USD 17880 by 2026 | Valuates Reports

PR Newswire

BANGALORE, India, Nov. 17, 2020

BANGALORE, India, Nov. 17, 2020 /PRNewswire/ -- A new Master Data Management Market (MDM) Market Research Report published on Valuates Reports in Data Management Category. The report contains segmentation by Type (Cloud-based, On-premises), by application (Government, Retail, IT, Manufacturing, Energy, Medical, Traffic, Media, Others). It also covers Global Opportunity Analysis and Industry Forecast to 2026.

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The global Master Data Management market size is projected to reach USD 17880 Million by 2026, from USD 9890.1 Million in 2020, at a CAGR of 10.4% during 2021-2026.

Major factors driving the Master data management market size are an increase in the usage of data quality tools for data management, and the growing need for enforcement accurately provides forecasts for faster decision making.

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MASTER DATA MANAGEMENT MARKET SIZE

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MASTER DATA MANAGEMENT MARKET SHARE ANALYSIS

North America is expected to hold the largest master data management market share during the forecast period. This dominance of North America is attributed to the presence of many solution vendors in the US and Canada. As businesses are centralized multi-domain MDM software applications, the MDM market in North America is expected to expand steadily.

During the forecast period, Asia Pacific is projected to have the highest market growth rate. With growing awareness of business productivity gains, augmented by competently built MDM solutions offered by suppliers in this area, Asia Pacific is becoming a highly prospective sector. In addition, extensive facilities for deploying and managing master data applications at economical costs are enhancing growth.

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MASTER DATA MANAGEMENT MARKET SEGMENTATION

Master Data Management Breakdown Data by Type

Master Data Management Breakdown Data by Application

By Region

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TOP COMPANIES IN THE MASTER DATA MANAGEMENT MARKET 

Investing generously in research and development is seen in major market players. Similarly, to make their presence known and expand their customer database, major brands are also seeking new markets. Business strategies such as joint ventures, acquisitions and mergers have further allowed leading suppliers to extend their range of products. 

Some of the top companies in the master data management market include,

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