Data Governance Market Size Hit USD 6.04 Billion at a CAGR of 20.2% in 2026 | IBM, SAS,
The growth of the market is governed by various factors such as rising technological advancements
Market Size –
USD 1.37 Billion in 2018, Market Growth - CAGR of 20.2%, Market
Trends-Emergence of Bring your own device (BYOD).
The Data
Governance Market is expected to reach USD 6.04 Billion by 2026,
according to a new report by Reports and Data. Data governance is the overall
management of the production of data functions and data assets. It deals with
data security, integrity, availability, usability, and accountability exercised
in an enterprise. It is also used in several applications. Data governance
strategies and technologies are utilized to make sure that company data follow
corporate procedures and compliances. The advantages are more reliable and
improved data understanding and lineage, operational efficiency, decision-making,
more eminent data quality, regulatory compliance, and rising revenue.
The significant growth drivers of the market includes the
adoption of the most advanced technological improvements and the increasing
demand for cloud-based applications. Also, the use of data governance in
several industry verticals shall spur the growth of the market in the future.
Improvements in industrial IT infrastructure over the globe has led to the
growth of the market. The rising demand for IoT devices are increasing the digital
data coupled with growing adoption of data governance solutions. These factors
are anticipated to induce the growth of the market.
The market in the APAC region is expected to witness the
highest CAGR of 21.1% during the forecast period. The Asia-Pacific region is
supposed to witness growth in the market with emerging countries like
China, Japan, and India that are investing in technology hugely coupled with
the presence of several manufacturing enterprises which are further expected to
expand the market growth.
The Key players in
the Data Governance Market include IBM, SAS, Adobe Systems, Teradata, Reltio,
Ataccama Corporation, Global Data Excellence, Datum LLC, Data Advantage Group,
Inc, Denodo Technologies, Orchestra Networks, SAP SE
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Market Overview:
The research report
assesses the market dynamics, market landscape, company profiles, production
and manufacturing capacity, year-on-year growth rate, SWOT analysis, and
Porter’s Five Forces analysis. The report estimates the market size, market
growth, and provides an accurate forecast for the key segments of the market
for the forecast period of 2020-2028. The report also covers an in-depth
analysis of the key competitors of the market, along with their growth
strategies and business expansion plans.
The Data
Governance Markethas been
segmented into key regions of the world and offers an analysis of growth rate,
market share, market size, current and emerging trends, production and
consumption ratio, industrial chain analysis, demand and supply, import and
export, revenue contribution, and presence of key players in each region. A
country-wise analysis of the market is offered in the report to gain a better
understanding of the regional spread and progress of the Automotive
Hydrogen Sensors Market.
Further key findings from the report suggest
- The
Data Governance Market is estimated to reach USD 6.04 Billion by 2026, at
a CAGR of 20.2% during the forecast period.
- The
software component accounted for a larger share of 62.1% of the market in
2018.
- The
cloud deployment is anticipated to grow at a higher rate of 20.7% during
the forecast period.
- The
retail and e-commerce end user segment is anticipated to grow at the
highest rate of 20.4% during the forecast period.
- The
Small & Medium Enterprises (SMEs) organization is anticipated to grow
at a higher rate of 20.3% during the forecast period.
- Compliance
management application is anticipated to witness the highest CAGR of 21.0%
during the forecast period.
- North
America region accounted for the largest share of 28.3% of the market in
2018. The booming IT industry in the region and the emergence of IoT,
cloud, and big data will generate further opportunities. Due to the quick
adoption of technologies and the appearance of a massive number of data
governance solution providers, the market in North America has shown a
notable growth rate due to increasing advancements in enterprise IT
infrastructure. Due to the increasing demand for business applications,
along with technological improvements in the region, the market in North
America is predicted to dominate throughout the forecast period.
- Various
players are developing strategies to mark their presence in the industry.
- In
2018, the smart data governance LLC, ensured regulatory compliance with
quick availability and offers multiple repetition and failover decisions
to guarantee business continuation in the event of workload spikes, and
intended support.
To understand how our Data Governance Market can bring
difference to your business strategy:- https://www.reportsanddata.com/report-detail/data-governance-market
For the purpose of this study, Reports and Data have
segmented the market on the basis of Deployment, Component, Application, End
User, Organization, and region:
Deployment Outlook (Revenue, USD Million; 2016-2026)
- On-Premise
- Cloud
Component Outlook (Revenue, USD Million; 2016-2026)
- Software
- Services
Application Outlook (Revenue, USD Million; 2016-2026)
- Risk
management
- Compliance
management
- Incident
management
- Process
management
- Audit
management
- Others
End User Outlook (Revenue, USD Million; 2016-2026)
- Healthcare
- Retail
and eCommerce
- IT
and Telecom
- BFSI
- Others
Organization size Outlook (Revenue, USD Million;
2016-2026)
- Large
Enterprises
- Small
& Medium Enterprises (SMEs)
Regional Outlook (Revenue, USD Million; 2016-2026)
- North
America
- U.S.
- Europe
- France
- UK
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Middle
East & Africa
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customization of the report @ https://www.reportsanddata.com/request-customization-form/2297
Key Advantages of Data
Governance Report:
- Identification
and analysis of the market size and competition
- Qualitative
and quantitative analysis of the market data
- Data
validated by industry experts after extensive primary and secondary
research
- Extensive
regional analysis of the Data
Governance industry
- Profiling
of key players along with their business overview, business strategies, deals and
partnerships, and product portfolio
- SWOT and
Porter’s Five Forces Analysis for in-depth understanding of the
competitive landscape
- Feasibility
analysis and investment analysis to enable strategic investment decisions
- Analysis
of opportunities, drivers, restraints, challenges, risks, and limitations
Conclusively, all aspects of the Data Governance Market are
quantitatively as well qualitatively assessed to study the global as well as
regional market comparatively. This market study presents critical information
and factual data about the market providing an overall statistical study of
this market on the basis of market drivers, limitations and its future
prospects.
About Us:
Reports and Data
is a market research and consulting company that provides syndicated research
reports, customized research reports, and consulting services. Our solutions
purely focus on your purpose to locate, target and analyze consumer behavior
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offerings to ensure our clients are aware about the latest trends existent in
the market.
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