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Master Data Management Market Worth $26,799.6 Million by 2020


News provided by

MarketsandMarkets

Apr 21, 2015, 02:00 ET

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DALLAS, April 21, 2015 /PRNewswire/ --

According to a new market research report  "Master Data Management Market by Application (Customer Data, Product Data, Supplier Data, Site, Others), by Service Type (Consulting, Implementation, Training & Support), by Deployment, by User Type, by Industry, by Region - Global Forecast to 2020", published by MarketsandMarkets, defines the global Master Data Management Market based on various applications, deployment modes, service types, user types, industries, and regions with an in-depth analysis and forecasting of market sizes. The report also identifies the factors driving this market, various restraints, and opportunities impacting it along with the adoption trends.

Browse 69 market data tables and 61 figures spread through 179 pages and in-depth TOC on "Master Data Management Market - Global Forecast to 2020"

http://www.marketsandmarkets.com/Market-Reports/master-data-management-market-267174702.html
Early buyers will receive 10% customization on this report.

The propagation of data among the organizations supplemented with the incorporation of diverse technologies has extensively redefined the workflow patterns of the people. Further, the need to have this diversely placed voluminous data in a single repository so as to facilitate data consistency has led to the increase in adoption of master data management software and services. Master data management solutions have provided the users with a unified and precise view of their entire master data. Likewise, the consolidated master data sheet has leveraged the users with a single point of reference to centrally analyse, monitor, track, and manage their master data record. This has invariably helped them to conveniently make timely better business decisions.

Over the years, the master data management-based content accessibility techniques and solution portfolios have evolved and have been swiftly progressing. With the increasing accessibility to ubiquitously access one's organizational master data, the users which comprise Small Medium Businesses (SMBs) and large enterprises are adopting master data management solutions to harmonize, prioritize, synchronize, standardize their business processes, and augment collaboration. Further, the presence of an efficient master data management solution within the organization facilitates them to streamline their business processes. This is accomplished through competent master data management applications which provide channelization of their product portrayal data, fortify their customer interactions, accurately manage vendor accounts, customized view of their site data, and accountancy for their asset data. Likewise, the master data management services which include consulting, implementation, and training and support are largely provided by the master data management service vendors to help users maintain their deployed master data management software applications. Currently, multi-domain master data applications enabled with cross-data domain features are widely being considered for facilitating transactional and non-transactional data flow across organizations. This has in turn also revolutionized the businesses and market outreach for the chief stakeholders in the master data management ecosystem which include master data management software providers, master data management platform providers, and cloud-based master data management services vendors as it has provided them with increase in revenue potentials. Further, besides providing users with an enhanced experience, master data management has also leveraged the stakeholders to retain their privileged customers, allure new clients, and enhance business value for its users.

Further, the widespread acceptance about the benefits of master data management software and services among the users, followed by the rising acknowledgements towards assistances of these services among the industrial verticals, has invariably led to the increase in considerations for master data management solutions. The master data management solutions can be tailored to suite the different needs of the users, and can be conveniently used to augment enterprise applications such as Customer Relationship Management (CRM), e-commerce applications, and Enterprise Resource Planning (ERP).  Presently, master data management solutions are broadly being adopted by the users to tactfully enable data quality maintenance, and enhance regulatory compliances through categorized data governance models. Further, the escalating demand for finer master data software integrations with Big Data and Business Intelligence (BI) through cloud deployments is emerging to become the most crucial advancement in the years to come. Thus, master data management plays the most critical role in providing highly qualified, secure, convenient and easy master data viewership for the users.

The major vendors of the global Master Data Management Market are SAP AG, IBM Corporation, Riversand Technologies, Inc., Talend, and Tibco Software, Inc. The major forces driving this market are the indispensable requirement to have centrally managed data, rising need for compliance and verification, mounting demands for operational excellence and data quality, creation of new business avenues in organizations, and manifestation of unified customer view and client-centricity.

MarketsandMarkets broadly segments the Master Data Management Market by regions into: North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA); by application into: Customer Data, Product Data, Supplier Data, Site, and Others; by deployment mode into: Cloud, and On-Premises; by service type into: consulting, implementation, and training and support; by industries into: BFSI, government, retail, IT and telecom, manufacturing, energy and utilities, healthcare, transportation and logistics, media and entertainment, and others.

For more Inquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=267174702

MarketsandMarkets forecasts the global Master Data Management Market comprising software and services to grow from $9,440.4 Million in 2015 to $26,799.6 Million by 2020, at a CAGR of 23.2%. In terms of regions, NA is expected to be the biggest market in terms of market size, whereas APAC and Europe are expected to experience increased market traction, during the forecast period.

Browse Related Reports 

Cloud Based Data Management Services Market by Type of Service (Integration, Security and Back-up and Quality), by Service Model (SaaS, PaaS and IaaS), by Delivery Model (Public, Private and Others) - Global Forecast to 2019

http://www.marketsandmarkets.com/Market-Reports/cloud-based-data-management-services-market-227142592.html

Enterprise Content Management Market (Big Data, Document Management, Web Content Management, Digital Rights Management, Rich Media, Social Media Management, Enterprise Mobility, data records, data deliver) - Worldwide Forecasts & Analysis (2014 - 2019)

http://www.marketsandmarkets.com/Market-Reports/enterprise-content-management-market-226977096.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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Contact:
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Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it

SOURCE MarketsandMarkets

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