Data Governance Market Forecast 2022–2025 | Leading Players Are IBM, and more

1. Downloaded from: justpaste.it/65si4 Data Governance Market Forecast 2022–2025 | Leading Players Are IBM, Collibra, Oracle, SAP Data Governance Market Forecast 2022–2025 | Leading Players Are IBM, Collibra, Oracle, SAP, SAS, TIBCO And More The report “Data Governance Market by Component, Deployment Model, Organisation Size, Application (Risk Management, Incident Management, and Compliance Management), Vertical (Manufacturing, Healthcare and BFSI), and Region — Global Forecast to 2025”, size is expected to grow from USD 2.1 billion in 2020 to USD 5.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 22.3% during the forecast period. Due to the rapidly increasing growth in data volumes, rising regulatory and compliance mandates, and enhancing strategic risk management and decision-making with the increasing business collaborations are expected to drive the growth of the data governance market. The risk management application segment is expected to have the largest market share during the forecast period. The solution providers of the risk management application deliver significant value to businesses by ensuring their important financial data assets are formally managed throughout enterprises. These vendors provide automated risk management solutions to mitigate risks and align critical-business processes with the help of functions, such as managing IT security- based compliance mandates, including ISO 27001, and providing automated risk notifications. Risk management application and solution providers have the potential to deliver significant outcomes and reshape organizations’ businesses by providing automated solutions across multiple industry verticals. Download Sample PDF: https://www.marketsandmarkets.com/pdfdownloadNew.asp? id=108243043 The Banking, Financial Services, and Insurance (BFSI) industry vertical is expected to dominate the market, whereas the retail and consumer goods industry vertical is expected to grow at the highest CAGR during the forecast period. The Banking, Financial Services, and Insurance (BFSI) industry vertical has realized the significance of data management and governance, which help govern and secure multiple transactions in organizations. Financial institutions constantly face challenges, such as data quality and accessibility, and data security. Data governance solutions help these institutions and banks handle such challenges with effective data management solutions that can prevent data duplication and data loss. Moreover, data governance solutions help BFSI firms maintain an edge in the market, with constant updates to their policies and procedures.

2. North America is expected to hold the largest market share, while Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. The global data governance market has been segmented on the basis of regions that include North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America is expected to hold the largest market size and continues to dominate the global data governance market from 2020 to 2025, due to the significant adoption of data governance and management solutions and the presence of a large number of vendors in the US. Enterprises in this region have quite well-established processes and the high-levels of technology awareness. The risk management and data management capabilities of these organizations are also high as compared to that of organizations in other regions. The increasing penetration rate in multiple industry verticals, such as BFSI, retail and consumer goods, IT and Telecommunications, and healthcare and life sciences, are expected to drive the market growth. APAC offers significant growth opportunities, owing to the growing technology expenditures in major countries, such as China, India, Singapore, and Australia, and the demand for cost-effective data management and governance solutions and services among Small and Medium-sized Enterprises (SMEs). These factors are expected to drive the market growth during the forecast period. The major vendors of data governance solutions and services include IBM (US), Oracle (US), SAP (Germany), SAS (US), Collibra (US), Informatica (US), Talend (US), TopQuadrant (US), Information Builders (US), Alation (US), TIBCO (US), Varonis (US), erwin (US), Data Advantage Group (US), Syncsort (US), Infogix (US), Magnitude Software (US), Ataccama (US), Reltio (US), Global Data Excellence (Switzerland), Global IDs (US), Innovative Routines International (US), Denodo (US), Adaptive (US), Microsoft (US), Zaloni (US), Alex Solutions (Australia), Microfocus (UK) and Mindtree(US). IBM and Collibr are Leading Players in the Data Governance Market IBM adopted new product launches and product upgradations as its major development strategy to create a competitive edge in the market. As a part of its organic growth strategies, in June 2017, IBM announced new data governance solutions and tools, machine learning advancements, and the formation of the Open Data Governance Consortium for Apache Atlas dedicated to advancing the open framework for data governance. These new solutions and services would enable organizations to gain the deeper understanding of data and control it. They would also help them adhere to the General Data Protection Regulation (GDPR) and other strict data regulations. Collibra caters to Small and Medium-sized Enterprises (SMEs) and large enterprises in different industry verticals, such as financial services, and healthcare and life sciences. The company majorly operates in North America and Europe. In June 2017, Collibra partnered with Syncsort, a global leader in data liberation, and integrity and integration solutions for next- generation analytics, to integrate its industry-renowned solutions and expertise in data quality and data governance. This partnership would focus on integrating Syncsort’s Trillium data

3. discovery and quality software with Collibra’s data governance platform to provide improved data quality. Related Reports: Data Governance Market by Component, Deployment Model, Organisation Size, Application (Risk Management, Incident Management, and Compliance Management), Vertical (Manufacturing, Healthcare and BFSI), and Region — Global Forecast to 2025 Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1–888–600–6441 sales@marketsandmarkets.com