Master Data Management Market Report - Global Forecast To 2027

Master Data Management Market Research Report, By Type (Customer Data, Supplier Data) Professional Service (Implementation & Deployment Service, Consulting Service)  Industry (BFSI, Healthcare) Deployment (On-Premise, Cloud) — Global Forecast till 2027

ID: MRFR/ICT/5260-HCR | February 2021 | Region: Global | 100 Pages         

TABLE OF CONTENTS

1. Executive Summary

2. Scope of the Report

2.1. Market Definition

2.2. Scope of the Study

2.2.1. Research Objectives

2.2.2. Assumptions & Limitations

2.3. Markets Structure

3. Market Research Methodology

3.1. Research Process

3.2. Secondary Research

3.3. Primary Research

3.4. Forecast Model

4. Market Landscape

4.1. Porter’s Five Forces Analysis

4.1.1. Threat of New Entrants

4.1.2. Bargaining power of buyers

4.1.3. Threat of substitutes

4.1.4. Rivalry

4.1.5. Bargaining Power of Suppliers

4.2. Value Chain/Supply Chain of Master Data Management Market

5. Market Overview of Master Data Management Market

5.1. Introduction

5.2. Growth Drivers

5.3. Impact Analysis

5.4. Market Challenges

6. Market Trends

6.1. Introduction

6.2. Growth Trends

6.3. Impact Analysis

7. Master Data Management Market, by Professional Service

7.1. Introduction

7.2. Implementation & Deployment Service

7.2.1. Market Estimates & Forecast, 2020–2027

7.2.2. Market Estimates & Forecast, by Region, 2020–2027

7.3. Maintenance & Support Service

7.3.1. Market Estimates & Forecast, 2020–2027

7.3.2. Market Estimates & Forecast, by Region, 2020–2027

7.4. Consulting Service

7.4.1. Market Estimates & Forecast, 2020–2027

7.4.2. Market Estimates & Forecast, by Region, 2020–2027

8. Master Data Management Market, by Type

8.1. Introduction

8.2. Customer Data

8.2.1. Market Estimates & Forecast, 2020–2027

8.2.2. Market Estimates & Forecast, by Region, 2020–2027

8.3. Supplier Data

8.3.1. Market Estimates & Forecast, 2020–2027

8.3.2. Market Estimates & Forecast, by Region, 2020–2027

8.4. Product Data

8.4.1. Market Estimates & Forecast, 2020–2027

8.4.2. Market Estimates & Forecast, by Region, 2020–2027

8.5. Others

8.5.1. Market Estimates & Forecast, 2020–2027

8.5.2. Market Estimates & Forecast, by Region, 2020–2027

9. Master Data Management Market, by Deployment

9.1. Introduction

9.2. Cloud

9.2.1. Market Estimates & Forecast, 2020–2027

9.2.2. Market Estimates & Forecast, by Region, 2020–2027

9.3. On-Premise

9.3.1. Market Estimates & Forecast, 2020–2027

9.3.2. Market Estimates & Forecast, by Region, 2020–2027

10. Master Data Management Market, by Industry

10.1. Introduction

10.2. BFSI

10.2.1. Market Estimates & Forecast, 2020–2027

10.2.2. Market Estimates & Forecast, by Region, 2020–2027

10.3. IT & Telecommunication

10.3.1. Market Estimates & Forecast, 2020–2027

10.3.2. Market Estimates & Forecast, by Region, 2020–2027

10.4. Healthcare

10.4.1. Market Estimates & Forecast, 2020–2027

10.4.2. Market Estimates & Forecast, by Region, 2020–2027

10.5. Retail

10.5.1. Market Estimates & Forecast, 2020–2027

10.5.2. Market Estimates & Forecast, by Region, 2020–2027

10.6. Media & Entertainment

10.6.1. Market Estimates & Forecast, 2020–2027

10.6.2. Market Estimates & Forecast, by Region, 2020–2027

10.7. Transportation & Logistics

10.7.1. Market Estimates & Forecast, 2020–2027

10.7.2. Market Estimates & Forecast, by Region, 2020–2027

10.8. Manufacturing

10.8.1. Market Estimates & Forecast, 2020–2027

10.8.2. Market Estimates & Forecast, by Region, 2020–2027

10.9. Others

10.9.1. Market Estimates & Forecast, 2020–2027

10.9.2. Market Estimates & Forecast, by Region, 2020–2027

11. Master Data Management Market, by Region

11.1. Introduction

11.2. North America

11.2.1. Market Estimates & Forecast, by Country 2020–2027

11.2.2. Market Estimates & Forecast, by Professional Service, 2020–2027

11.2.3. Market Estimates & Forecast, by Types, 2020–2027

11.2.4. Market Estimates & Forecast, by Deployment, 2020–2027

11.2.5. Market Estimates & Forecast, by Industry, 2020–2027

11.2.6. US

11.2.6.1. Market Estimates & Forecast, by Professional Service, 2020–2027

11.2.6.2. Market Estimates & Forecast, by Types, 2020–2027

11.2.6.3. Market Estimates & Forecast, by Deployment, 2020–2027

11.2.6.4. Market Estimates & Forecast, by Industry, 2020–2027

11.2.7. Mexico

11.2.7.1. Market Estimates & Forecast, by Professional Service, 2020–2027

11.2.7.2. Market Estimates & Forecast, by Types, 2020–2027

11.2.7.3. Market Estimates & Forecast, by Deployment, 2020–2027

11.2.7.4. Market Estimates & Forecast, by Industry, 2020–2027

11.2.8. Canada

11.2.8.1. Market Estimates & Forecast, by Professional Service, 2020–2027

11.2.8.2. Market Estimates & Forecast, by Types, 2020–2027

11.2.8.3. Market Estimates & Forecast, by Deployment, 2020–2027

11.2.8.4. Market Estimates & Forecast, by Industry, 2020–2027

11.3. Europe

11.3.1. Market Estimates & Forecast, by Country 2020–2027

11.3.2. Market Estimates & Forecast, by Professional Service, 2020–2027

11.3.3. Market Estimates & Forecast, by Types, 2020–2027

11.3.4. Market Estimates & Forecast, by Deployment, 2020–2027

11.3.5. Market Estimates & Forecast, by Industry, 2020–2027

11.3.6. Germany

11.3.6.1. Market Estimates & Forecast, by Professional Service, 2020–2027

11.3.6.2. Market Estimates & Forecast, by Types, 2020–2027

11.3.6.3. Market Estimates & Forecast, by Deployment, 2020–2027

11.3.6.4. Market Estimates & Forecast, by Industry, 2020–2027

11.3.7. France

11.3.7.1. Market Estimates & Forecast, by Professional Service, 2020–2027

11.3.7.2. Market Estimates & Forecast, by Types, 2020–2027

11.3.7.3. Market Estimates & Forecast, by Deployment, 2020–2027

11.3.7.4. Market Estimates & Forecast, by Industry, 2020–2027

11.3.8. UK

11.3.8.1. Market Estimates & Forecast, by Professional Service, 2020–2027

11.3.8.2. Market Estimates & Forecast, by Types, 2020–2027

11.3.8.3. Market Estimates & Forecast, by Deployment, 2020–2027

11.3.8.4. Market Estimates & Forecast, by Industry, 2020–2027

11.4. Asia-Pacific

11.4.1. Market Estimates & Forecast, by Country 2020–2027

11.4.2. Market Estimates & Forecast, by Professional Service, 2020–2027

11.4.3. Market Estimates & Forecast, by Types, 2020–2027

11.4.4. Market Estimates & Forecast, by Deployment, 2020–2027

11.4.5. Market Estimates & Forecast, by Industry, 2020–2027

11.4.6. China

11.4.6.1. Market Estimates & Forecast, by Professional Service, 2020–2027

11.4.6.2. Market Estimates & Forecast, by Types, 2020–2027

11.4.6.3. Market Estimates & Forecast, by Deployment, 2020–2027

11.4.6.4. Market Estimates & Forecast, by Industry, 2020–2027

11.4.7. India

11.4.7.1. Market Estimates & Forecast, by Professional Service, 2020–2027

11.4.7.2. Market Estimates & Forecast, by Types, 2020–2027

11.4.7.3. Market Estimates & Forecast, by Deployment, 2020–2027

11.4.7.4. Market Estimates & Forecast, by Industry, 2020–2027

11.4.8. Japan

11.4.8.1. Market Estimates & Forecast, by Professional Service, 2020–2027

11.4.8.2. Market Estimates & Forecast, by Types, 2020–2027

11.4.8.3. Market Estimates & Forecast, by Deployment, 2020–2027

11.4.8.4. Market Estimates & Forecast, by Industry, 2020–2027

11.4.9. Rest of Asia-Pacific

11.4.9.1. Market Estimates & Forecast, by Professional Service, 2020–2027

11.4.9.2. Market Estimates & Forecast, by Types, 2020–2027

11.4.9.3. Market Estimates & Forecast, by Deployment, 2020–2027

11.4.9.4. Market Estimates & Forecast, by Industry, 2020–2027

11.5. Rest of the World

11.5.1. Market Estimates & Forecast, by Country 2020–2027

11.5.2. Market Estimates & Forecast, by Professional Service, 2020–2027

11.5.3. Market Estimates & Forecast, by Types, 2020–2027

11.5.4. Market Estimates & Forecast, by Deployment, 2020–2027

11.5.5. Market Estimates & Forecast, by Industry, 2020–2027

11.5.6. Middle East & Africa

11.5.6.1. Market Estimates & Forecast, by Professional Service, 2020–2027

11.5.6.2. Market Estimates & Forecast, by Types, 2020–2027

11.5.6.3. Market Estimates & Forecast, by Deployment, 2020–2027

11.5.6.4. Market Estimates & Forecast, by Industry, 2020–2027

11.5.7. Latin Countries

11.5.7.1. Market Estimates & Forecast, by Professional Service, 2020–2027

11.5.7.2. Market Estimates & Forecast, by Types, 2020–2027

11.5.7.3. Market Estimates & Forecast, by Deployment, 2020–2027

11.5.7.4. Market Estimates & Forecast, by Industry, 2020–2027

12. Company Profiles

12.1. SAP SE

12.1.1. Company Overview

12.1.2. Professional Service/Business Segment Overview

12.1.3. Financial Updates

12.1.4. Key Developments

12.2. SAS Institute, Inc.

12.2.1. Company Overview

12.2.2. Professional Service/Business Segment Overview

12.2.3. Financial Updates

12.2.4. Key Developments

12.3. IBM Corporation

12.3.1. Company Overview

12.3.2. Professional Service/Business Segment Overview

12.3.3. Financial Updates

12.3.4. Key Developments

12.4. Oracle Corporation

12.4.1. Company Overview

12.4.2. Professional Service/Business Segment Overview

12.4.3. Financial Updates

12.4.4. Key Developments

12.5. Tibco Software, Inc.

12.5.1. Company Overview

12.5.2. Professional Service/Business Segment Overview

12.5.3. Financial Updates

12.5.4. Key Developments

12.6. Informatica Corporation

12.6.1. Company Overview

12.6.2. Professional Service/Business Segment Overview

12.6.3. Financial Updates

12.6.4. Key Developments

12.7. Teradata Corporation

12.7.1. Company Overview

12.7.2. Professional Service/Business Segment Overview

12.7.3. Financial Updates

12.7.4. Key Developments

12.8. Orchestra Networks

12.8.1. Company Overview

12.8.2. Professional Service/Business Segment Overview

12.8.3. Financial Updates

12.8.4. Key Developments

12.9. Riversand Technologies, Inc.

12.9.1. Company Overview

12.9.2. Professional Service/Business Segment Overview

12.9.3. Financial Updates

12.9.4. Key Developments

12.10. Talend

12.10.1. Company Overview

12.10.2. Professional Service/Business Segment Overview

12.10.3. Financial Updates

12.10.4. Key Developments

13. Conclusion

 

LIST OF TABLES

Table1 Global Master Data Management Market, By Country, 2020-2027

Table2 North America: Master Data Management Market, By Country, 2020–2027

Table3 Europe: Master Data Management Market, By Country, 2020–2027

Table4 Asia-Pacific: Master Data Management Market, By Country, 2020–2027

Table5 Latin America: Master Data Management Market, By Country, 2020–2027

Table6 North America: Master Data Management Market, By Country

Table7 North America: Master Data Management Market, By Professional Service

Table8 North America: Master Data Management Market, By Types

Table9 North America: Master Data Management Market, By Deployment

Table10 North America: Master Data Management Market, By Industry

Table11 Europe: Master Data Management Market, By Country

Table12 Europe: Master Data Management Market, By Professional Service

Table13 Europe: Master Data Management Market, By Types

Table14 Europe: Master Data Management Market, By Deployment

Table15 Europe: Master Data Management Market, By Industry

Table16 Asia-Pacific: Master Data Management Market, By Country

Table17 Asia-Pacific Master Data Management Market, By Professional Service

Table18 Asia-Pacific Master Data Management Market, By Types

Table19 Asia-Pacific Master Data Management Market, By Deployment

Table20 Asia-Pacific Master Data Management Market, By Industry

Table21 Middle East & Africa: Master Data Management Market, By Country

Table22 Middle East & Africa: Master Data Management Market, By Professional Service

Table23 Middle East & Africa: Master Data Management Market, By Types

Table24 Middle East & Africa: Master Data Management Market, By Deployment

Table25 Middle East & Africa: Master Data Management Market, By Industry

Table26 Latin America: Master Data Management Market, By Country

Table27 Latin America: Master Data Management Market, By Professional Service

Table28 Latin America: Master Data Management Market, By Types

Table29 Latin America: Master Data Management Market, By Deployment

Table30 Latin America: Master Data Management Market, By Industry

 

LIST OF FIGURES

Figure 1 Global Master Data Management Market segmentation

Figure 2 Forecast Methodology

Figure 3 Porter’s Five Forces Analysis of Global Master Data Management Market

Figure 4 Value Chain of Global Master Data Management Market

Figure 5 Share of Master Data Management Market in 2020, by country (in %)

Figure 6 Global Master Data Management Market, 2020–2027

Figure 7 Share of Global Master Data Management Market by Industry, 2020–2027

Figure 8 Global Master Data Management Market Size, by Professional Service, 2020

Figure 9 Share of Global Master Data Management Market, by Professional Service, 2020–2027

Figure 10 Global Master Data Management Market Size, by Types, 2020

Figure 11 Share of Global Master Data Management Market, by Types, 2020–2027

Figure 12 Global Master Data Management Market Size, by Deployment, 2020

Figure 13 Share of Global Master Data Management Market, by Deployment, 2020–2027

Figure 14 Global Master Data Management Market Size, by Industry, 2020

Figure 15 Share of Global Master Data Management Market, by Industry, 2020–2027

Master Data Management Market

Master Data Management Market is Predicted to Reach US$ 34.6 Billion by 2027 Registering a CAGR of 15.6%

Segmentation

By Type Customer Data Supplier Data
By Professional Service Implementation & Deployment Service Consulting Service
By Deployment On Premise Cloud
By Industry Bfsi Healthcare

Key Players

  • SAP SE (Germany)
  • SAS Institute Inc (US)
  • IBM Corporation (US)
  • Oracle Corporation (US)
  • Tibco Software Inc (US)
  • Informatica Corporation (US)
  • Teradata Corporation (US)
  • Orchestra Networks (US)
  • Riversand Technologies Inc. (US)
  • Talend (US)

Drivers

  • Increasing usage of data quality technologies for data management
  • New technologies like artificial intelligence
  • cloud computing
  • and machine learning (ML) is expected to expand in the coming years
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Master Data Management Market Overview:
According to the reports, over the projected period, the global master data management market size is anticipated to expand worth USD 4.08 billion in the year 2017 to USD 12.43 billion by the end of the year 2023, representing a compound annual growth rate CAGR of 20.4 percent. Organizations create MDM systems in order to consolidate all important organisational data into a single master reference material, resulting in reduced duplication and fewer mistakes across the organization's business operations. In other aspects, master data management (MDM) is a collection of services, protocols, and solutions that assist businesses in managing their master data. Customer information, goods, suppliers, and payments, among other things, are included in this master data set. It is primarily used to differentiate organisational departments, job responsibilities, and enterprise software via the use of master data management.


Growing worldwide need for conformity and validation, as well as the increasing amount of centrally collected data management, are the primary drivers of the master data management industry during the projected time period. Nevertheless, concerns about data protection and the susceptibility of the master data management market to assaults may pose a threat to the market's expansion over the projected period. As a result, master data management is more often utilised in big corporations as opposed to small and midsize enterprises. Using MDM, businesses may create separated product lines and prevent having negative customer interactions. Enterprises benefit from better judgement skills and operational efficiencies as a result of MDM. Master data management (MDM) allows businesses to collect and maintain master data, as well as to use it for efficient decision-making and database management. MDM includes capabilities like as self-service accessibility to accurate information, coordination and balance, and optimisation of master data infrastructures, among other things.


This report contains all the information on the global MDM market strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global master data management market forecast for 2023 is also included in the report.


Covid 19 Analysis:
The COVID-19 epidemic is having an effect on companies all around the world. To combat this epidemic, data management businesses are attempting to keep their assets online while also guaranteeing the security and privacy of information across connections. The knowledge and experience of key specialists, data analysis professionals, and experts with sophisticated analytics competence such as artificial intelligence and machine learning has indeed been requested in order to assist executives in making business decisions about how to react to the new enterprise issues faced by the COVID-19 infection.


Market Dynamic:
Drivers:
the growing need for precise predictions to enable quicker judgment, as well as the increasing usage of data quality technologies for data management, are anticipated to propel the master data management market development.


Opportunities:
As a result of new technologies like artificial intelligence, cloud computing, and machine learning (ML), the industry for MDM solutions is expected to expand in the coming years. Large datasets may be made available via the use of this technology since it provides extra technological possibilities for data storage. A varied range of needs from customers has resulted from improvements in the abilities of technological advances in managing multi-faceted and multi-domain data.


Restraints:
MDM apps and services are developing as the most optimal option for structuring and maintaining data in today's world of expanding data management and maintenance solutions. MDM apps and services are becoming more popular. The development of this industry, on the other hand, is hindered by the widespread worry among consumers about the security of their data. Modern businesses work in statistics business settings, raising the likelihood of sophisticated data theft, cyber assaults, and phishing attempts to compromise confidential information. There are a variety of issues that arise as a result of data being accessible in many systems, which raises the security risks to the information which can be considered as a major restraint of the global market.


Challenges:
The use of MDM solutions is gathering steam in a variety of different geographic areas and industry sectors. This leads to an important issue for market development, which would be the existence of diverse statutes and regulations throughout international and domestic boundaries, which is a major impediment to market expansion.


Cumulative Growth Analysis:
The cloud computing sector is anticipated to expand at a faster pace in the future since it helps businesses across the world reduce their own costs while simultaneously increasing their data storage capacities. Cloud-based deployment has allowed companies to function without the need for a data center or an office space, enabling workers to work from home or from other locations across the world. The cloud-based implementation of MDM helps businesses reduce their own costs while simultaneously increasing their data storage capacities. Cloud-based MDM is popular among businesses because it is simple to use, provides more flexibility, and allows for greater expansion than the on software at a reasonable price. It is because of these reasons that cloud-based MDM solutions are gaining popularity.


Value Chain Analysis:
According to the reports, It is possible to divide the worldwide master data management industry according to the following criteria: type, professional service, deployment, industry, and geography. The market is divided into four types of data: customer data, supplier data, product data, and miscellaneous data. The market for professional services is divided into three categories: implementation and deployment services, maintenance and support services, and consultation services. On the basis of deployment, the market is divided into two categories: on-premise and cloud.


The market is divided according to industry into BFSI, IT & telecommunication, medical, retail, media & entertainment, transportation and logistics, industrial, and others. BFSI is the largest category, accounting for almost half of the market. The market is divided into four regions based on geography: North America, Europe, Asia-Pacific, and the rest of the world.


Master Data Management Market Segmentation Overview:
The market is segmented on the basis of type, professional service, deployment, industry, and geography. The global master data management market is expected to witness decent growth during the forecast period.


By Application:
Based on the application, the market is segmented into implementation and deployment services, maintenance and support services, and consultation services.


By end-users:
Based on the propulsion types, the market is segmented into BFSI, IT & telecommunication, medical, retail, media & entertainment, transportation and logistics, industrial, and others.


Master Data Management Market Regional Analysis:
The worldwide master data management market is expected to expand at a considerable pace during the projected period of 2018 to 2023, according to market research. Global master data management market regional analysis is conducted for North America, Europe, the Asia-Pacific region, and the rest of the globe, among other regions.


During the projected period, North America is anticipated to lead the global master data management market. The master data management market in North America is influenced by the existence of large companies and the rapid implementation of new technologies and the Internet of Things (IoT) and artificial intelligence (AI). Even during the forecast timeframe, the United States, Mexico, and Canada, are projected to have a commanding position in the global master data management market in North America. The master data management market sales in North America are primarily driven by the medical and industrial industries.


Competitive Landscape:
The master data management market trends are expected to expand at a considerable pace in the coming years, owing to a large number of services, technical standards, and solutions available to assist businesses in managing their master information. The primary emphasis of the major companies is on allowing businesses to collect and manage master data, as well as on using that data for a sound decisions.It is possible for suppliers with more resources and funds to create new goods that make their rivals' products outdated and non-competitive before they're even introduced to the market or their expenses are reclaimed.


Master Data Management Market Top Leaders:


  • SAP SE (Germany)

  • SAS Institute, Inc (US)

  • IBM Corporation (US)

  • Oracle Corporation (US)

  • Tibco Software, Inc (US)

  • Informatica Corporation (US)

  • Teradata Corporation (US)

  • Orchestra Networks (US)

  • Riversand Technologies, Inc. (US)

  • Talend (US) among others.


Report Overview:
The following report comprises of –


  • Market overview

  • Covid 19 Analysis

  • Market Dynamic

  • Drivers

  • Opportunities

  • Restraints

  • Challenges

  • Cumulative Growth Analysis

  • Value Chain Analysis

  • Segmentation Overview

  • By Application

  • By End-Users

  • Regional Analysis

  • Competitive landscape


Recent Developments:
In April 2020, IBM announced new artificial intelligence-powered tools to assist the health and research communities in the development of medical insights and therapies for COVID-19, which were made possible by IBM.


Master Data Management Market Segmentation:
By Component:



  • Solutions

  • Services


By Deployment Type:



  • Cloud

  • On-premises


By Organization Size:



  • Small and medium-sized Enterprises (SMEs)

  • Large Enterprises


By Vertical:



  • Banking, Financial Services and Insurance (BFSI)

  • Government

  • Retail

  • IT and Telecom

  • Manufacturing

  • Energy and Utilities

  • Healthcare

  • Others (education, aerospace and defense, travel and hospitality, transportation and logistics, and media and entertainment)


By Region:



  • North America

  • Europe

  • Asia Pacific (APAC)

  • Middle East and Africa (MEA)

  • Latin America



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 34.6 Billion
  CAGR   CAGR 15.6%
  Base Year   2020
  Forecast Period   2021–2027
  Historical Data   2019
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Service, Deployment
  Geographies Covered   North America, Europe, Asia-Pacific
  Key Vendors   SAP SE (Germany) SAS Institute Inc (US) IBM Corporation (US) Oracle Corporation (US) Tibco Software Inc (US) Informatica Corporation (US) Teradata Corporation (US) Orchestra Networks (US) Riversand Te
  Key Market Opportunities    Large datasets may be made available via the use of this technology since it provides extra technological possibilities for data storage.
  Key Market Drivers   the growing need for precise predictions to enable quicker judgment, as well as the increasing usage of data quality technologies for data management, are anticipated to propel the master data management market development.


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Frequently Asked Questions (FAQ) :

The global master data market is expected to record a substantial market valuation of 12.43 billion by 2023.

The global master data market is projected to register a moderate 20.4% CAGR in the forecast period.

The on-cloud segment is slated to expand as the fastest-growing segment.

The BFSI segment is slated to expand as the fastest-growing segment.

A few major market players operating in the global master data market are SAS Institute, Inc (US), IBM Corporation (US), SAP SE (Germany), Oracle Corporation (US), Tibco Software, Inc (US) among others.