Enterprise data management market for the BFSI sector in the US to grow at a CAGR of 12% from 2022 to 2027, Driven by growing demand for data integration and visual analytics - Technavio

NEW YORK, Feb. 28, 2023 /PRNewswire/ -- The size of the enterprise data management market for the BFSI sector in the US is anticipated to grow by USD 4,277.78 million from 2022 to 2027. Moreover, the growth momentum of the market will accelerate at a CAGR of 12% during the forecast period. Technavio's report extensively covers market segmentation by deployment (on-premise and cloud) and end-user (commercial banks and savings institutions). For more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027) - download a sample report.

What`s New for 2023?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial

Market segmentation

• Based on deployment, the market is classified into on-premise and cloud. 
• Based on end-user, the market is classified into commercial banks and savings institutions.

The on-premise segment will account for a significant share of the market's growth during the forecast period. This model is more secure than cloud deployment. Large organizations, such as commercial banks, insurance companies, and non-banking financial companies, rely on the on-premises model. This is because these organizations deal with highly critical and confidential data. These factors will fuel the growth of this segment during the forecast period.

For insights on segment parameters with growth opportunities, historic (2017 to 2021) and forecast market size (2023 to 2027) Download a PDF sample report

Company profiles

Some of the companies covered in this report are Actian Corp., Broadcom Inc., Cloudera Inc., Commvault Systems Inc., GoldenSource, Informatica Inc., International Business Machines Corp., Micro Focus International Plc, Mindtree Ltd., Oracle Corp., QlikTech international AB, Salesforce.com Inc., SAP SE, Talend Inc., Teradata Corp., Veritas Technologies LLC, Winshuttle LLC, and Zaloni Inc.

Key vendor offerings

• Cloudera Inc. - The company offers enterprise data management solutions for the BFSI sector, such as the Cloudera Data Platform.
• GoldenSource - The company offers enterprise data management solutions for the BFSI sector, such as Entity Master.
• Informatica Inc. - The company offers enterprise data management solutions for the BFSI sector, such as Informatica Intelligent Data Management Cloud.
• International Business Machines Corp. - The company offers enterprise data management solutions for the BFSI sector, such as Hybrid Cloud Integration.
• Micro Focus International Plc - The company offers enterprise data management for the BFSI sector, such as Voltage File Analysis Suite.

Technavio's reports provide key strategic initiatives used by vendors, along with key news and the latest developments. Download our PDF sample report now

Market dynamics

The market is driven by factors such as the growing demand for data integration and visual analytics, rising demand for digitalization, and process optimization and operational efficiency. Technological development is one of the key trends in the market. However, the high price of enterprise data management software and integration challenges related to unscalable applications are hindering the market growth.

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Ownership
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 08: Parent market
• Exhibit 09: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 10: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 11: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 12: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 13: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 14: Chart on US: Year-over-year growth 2022-2027 (%)
• Exhibit 15: Data Table on US: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Enterprise data management market for BFSI sector in US 2017 - 2021 
• Exhibit 16: Historic Market Size – Data Table on Enterprise data management market for BFSI sector in US 2017 - 2021 ($ million)

• 4.2 Deployment Segment Analysis 2017 - 2021
• Exhibit 17: Historic Market Size – Deployment Segment 2017 - 2021 ($ million)

• 4.3 Ownership Segment Analysis 2017 - 2021 
• Exhibit 18: Historic Market Size – Ownership Segment 2017 - 2021 ($ million)

• 4.4 End-User Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-User Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 20: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 23: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 24: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 25: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 26: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Deployment

• 6.1 Market segments 
• Exhibit 27: Chart on Deployment - Market share 2022-2027 (%)
• Exhibit 28: Data Table on Deployment - Market share 2022-2027 (%)

• 6.2 Comparison by Deployment 
• Exhibit 29: Chart on Comparison by Deployment
• Exhibit 30: Data Table on Comparison by Deployment

• 6.3 On-premise - Market size and forecast 2022-2027
• Exhibit 31: Chart on On-premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 32: Data Table on On-premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 33: Chart on On-premise - Year-over-year growth 2022-2027 (%)
• Exhibit 34: Data Table on On-premise - Year-over-year growth 2022-2027 (%)

• 6.4 Cloud - Market size and forecast 2022-2027
• Exhibit 35: Chart on Cloud - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Data Table on Cloud - Market size and forecast 2022-2027 ($ million)
• Exhibit 37: Chart on Cloud - Year-over-year growth 2022-2027 (%)
• Exhibit 38: Data Table on Cloud - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Deployment 
• Exhibit 39: Market opportunity by Deployment ($ million)

7 Market Segmentation by Ownership

• 7.1 Market segments 
• Exhibit 40: Chart on Ownership - Market share 2022-2027 (%)
• Exhibit 41: Data Table on Ownership - Market share 2022-2027 (%)

• 7.2 Comparison by Ownership 
• Exhibit 42: Chart on Comparison by Ownership
• Exhibit 43: Data Table on Comparison by Ownership

• 7.3 Large enterprise - Market size and forecast 2022-2027
• Exhibit 44: Chart on Large enterprise - Market size and forecast 2022-2027 ($ million)
• Exhibit 45: Data Table on Large enterprise - Market size and forecast 2022-2027 ($ million)
• Exhibit 46: Chart on Large enterprise - Year-over-year growth 2022-2027 (%)
• Exhibit 47: Data Table on Large enterprise - Year-over-year growth 2022-2027 (%)

• 7.4 Small and medium enterprise - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Small and medium enterprise - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Small and medium enterprise - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Small and medium enterprise - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Small and medium enterprise - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Ownership 
• Exhibit 52: Market opportunity by Ownership ($ million)

8 Market Segmentation by End-user

• 8.1 Market segments 
• Exhibit 53: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 54: Data Table on End-user - Market share 2022-2027 (%)

• 8.2 Comparison by End-user 
• Exhibit 55: Chart on Comparison by End-user
• Exhibit 56: Data Table on Comparison by End-user

• 8.3 Commercial banks - Market size and forecast 2022-2027
• Exhibit 57: Chart on Commercial banks - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Data Table on Commercial banks - Market size and forecast 2022-2027 ($ million)
• Exhibit 59: Chart on Commercial banks - Year-over-year growth 2022-2027 (%)
• Exhibit 60: Data Table on Commercial banks - Year-over-year growth 2022-2027 (%)

• 8.4 Savings institutions - Market size and forecast 2022-2027
• Exhibit 61: Chart on Savings institutions - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Data Table on Savings institutions - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Chart on Savings institutions - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on Savings institutions - Year-over-year growth 2022-2027 (%)

• 8.5 Market opportunity by End-user 
• Exhibit 65: Market opportunity by End-user ($ million)

9 Customer Landscape

• 9.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 67: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 68: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 69: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 70: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 71: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 72: Matrix on vendor position and classification

• 12.3 Broadcom Inc. 
• Exhibit 73: Broadcom Inc. - Overview
• Exhibit 74: Broadcom Inc. - Business segments
• Exhibit 75: Broadcom Inc. - Key news
• Exhibit 76: Broadcom Inc. - Key offerings
• Exhibit 77: Broadcom Inc. - Segment focus

• 12.4 Cloudera Inc. 
• Exhibit 78: Cloudera Inc. - Overview
• Exhibit 79: Cloudera Inc. - Business segments
• Exhibit 80: Cloudera Inc. - Key offerings
• Exhibit 81: Cloudera Inc. - Segment focus

• 12.5 GoldenSource 
• Exhibit 82: GoldenSource - Overview
• Exhibit 83: GoldenSource - Product / Service
• Exhibit 84: GoldenSource - Key offerings

• 12.6 Informatica Inc. 
• Exhibit 85: Informatica Inc. - Overview
• Exhibit 86: Informatica Inc. - Product / Service
• Exhibit 87: Informatica Inc. - Key offerings

• 12.7 International Business Machines Corp. 
• Exhibit 88: International Business Machines Corp. - Overview
• Exhibit 89: International Business Machines Corp. - Business segments
• Exhibit 90: International Business Machines Corp. - Key offerings
• Exhibit 91: International Business Machines Corp. - Segment focus

• 12.8 Micro Focus International Plc 
• Exhibit 92: Micro Focus International Plc - Overview
• Exhibit 93: Micro Focus International Plc - Product / Service
• Exhibit 94: Micro Focus International Plc - Key news
• Exhibit 95: Micro Focus International Plc - Key offerings

• 12.9 Mindtree Ltd. 
• Exhibit 96: Mindtree Ltd. - Overview
• Exhibit 97: Mindtree Ltd. - Business segments
• Exhibit 98: Mindtree Ltd. - Key offerings
• Exhibit 99: Mindtree Ltd. - Segment focus

• 12.10 Oracle Corp. 
• Exhibit 100: Oracle Corp. - Overview
• Exhibit 101: Oracle Corp. - Business segments
• Exhibit 102: Oracle Corp. - Key news
• Exhibit 103: Oracle Corp. - Key offerings
• Exhibit 104: Oracle Corp. - Segment focus

• 12.11 QlikTech international AB 
• Exhibit 105: QlikTech international AB - Overview
• Exhibit 106: QlikTech international AB - Product / Service
• Exhibit 107: QlikTech international AB - Key offerings

• 12.12 Salesforce.com Inc. 
• Exhibit 108: Salesforce.com Inc. - Overview
• Exhibit 109: Salesforce.com Inc. - Product / Service
• Exhibit 110: Salesforce.com Inc. - Key news
• Exhibit 111: Salesforce.com Inc. - Key offerings

• 12.13 SAP SE 
• Exhibit 112: SAP SE - Overview
• Exhibit 113: SAP SE - Business segments
• Exhibit 114: SAP SE - Key news
• Exhibit 115: SAP SE - Key offerings
• Exhibit 116: SAP SE - Segment focus

• 12.14 Talend Inc. 
• Exhibit 117: Talend Inc. - Overview
• Exhibit 118: Talend Inc. - Product / Service
• Exhibit 119: Talend Inc. - Key offerings

• 12.15 Teradata Corp. 
• Exhibit 120: Teradata Corp. - Overview
• Exhibit 121: Teradata Corp. - Business segments
• Exhibit 122: Teradata Corp. - Key offerings
• Exhibit 123: Teradata Corp. - Segment focus

• 12.16 Winshuttle LLC 
• Exhibit 124: Winshuttle LLC - Overview
• Exhibit 125: Winshuttle LLC - Product / Service
• Exhibit 126: Winshuttle LLC - Key offerings

• 12.17 Zaloni Inc. 
• Exhibit 127: Zaloni Inc. - Overview
• Exhibit 128: Zaloni Inc. - Product / Service
• Exhibit 129: Zaloni Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 130: Inclusions checklist
• Exhibit 131: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 132: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 133: Research methodology
• Exhibit 134: Validation techniques employed for market sizing
• Exhibit 135: Information sources

• 13.5 List of abbreviations 
• Exhibit 136: List of abbreviations

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