Large Scale Adoption of Master Data Management across Verticals Such as BFSI

Posted by Deeksha on January 14th, 2019

Need for latency free and seamless omni-channel data management practices across multiple platforms, applications, and system architecture of large datasets propels adoption of master data management across diverse industries. Surge in adoption amongst multitude of industry verticals will likely facilitate growth in global master data management market in forthcoming years. This insight is according to a recent Market Research Hub (MRH) report titled, ‘Master Data Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026’ recently collated in its fast expanding online data archive.

AI and Machine Learning for Seamless Data Transfer and Sharing Accentuates Growth

A prominent shift towards online presence of major business coupled with advances in sophisticated technologies such as IoT have substantially supplemented growth of global master data management market over the years. Market players in global master data management market are increasingly banking upon technological up-gradation and feature differentiation to attain lucrative lead amongst stiffening competition in master data management market.

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Multi-domain Master Data Management Solution Likely to Harness Revenue Maximization

Master data management market forecast illustrated in the report is a consequence of elaborate and detailed analysis of current as well as historic industry data. Insightful details highlighted in the report aims to bring afloat driving forces such as market dynamics besides all macro and microeconomic factors that propel growth in master data management market. Besides scouting across macro and micro economic factors, the report in its subsequent sections also sheds light on potential market drivers, restraints, and trends that substantially influence growth in master data management market.

Core segments identified in global master data management market comprise solution, deployment type, industry, and enterprise size. Based on solution master data management market is split into product MDM, customer MDM, supplier MDM, and multi-domain MDM. In terms of type global master data management market is splintered into on-premise and cloud based. In terms of enterprise size large enterprises and SMEs are identified as dominant segment types. By industry the market is further splintered into BFSI, government, IT and Telecommunication, Healthcare, Transport and Logistics, Manufacturing and Retail amongst a host of others.

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North America to Retain its Lead in the Global Market

In the trailing sections this report on global master data management market elaborates on regional scope and diversification based on which Europe, North America, South America, Asia Pacific, and Middle East and Africa are identified as dominant regional pockets in master data management market.

Competitive Landscape: Global Master Data Management Market

Thorough research elements elaborated in this section of the report allow readers to decipher core understanding on prominent market players operational, followed by a thorough description of their market performance on both present as well as past performance besides including vital details on their global positioning recent developments and market contribution. TIBCO Software Inc., Orchestra Networks, Talend Inc., IBM Corporation, SAP SE, and Oracle Corporation are accounted as dominant regional players in global master data management market.