Market Highlights:
The data governance market without any doubt has made considerable progress and is expected to grow at a spectacular CAGR over the forecast period (2016-2022). In the current highly competitive and fast-moving enterprise environment, data governance has become a requirement. Now that companies possess the opportunity of capturing huge amounts of diverse data (external and internal), they require a discipline for maximizing their value, managing risks and reducing cost. It is here where data governance acts as a savior.
Data governance is a compilation of processes, policies, roles, metrics and standards which ensure efficient and effective use of information to help an organization to attain its goals. Its strategies and technologies are used to ensure that the business data complies with the corporate compliances and policies. These services have become crucial for the IT sector because it plays a pivotal part in improving the sustainability, security, reliability and also the performance of the organization. Data governance offers benefits in abundance including improved standards and rules, effective inventory control, increased transparency, improved data quality and reduction in risk.
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Major Key Players
- Alation Inc.(U.S.) ,
- Data3Sixty Inc.(U.S.)
- Reltio Inc. (U.S.),
- Global Data Excellence (Switzerland),
- Magnitude Software, Inc.(U.S.),
- Informatica (U.S.),
- SAP SE(Germany),
- Alfresco Software Inc.(U.S.),
- International Business Machines(IBM)(U.S.),
- Symantec Corporation(U.S.)
According to MRFR, The Global Data Governance Market is expected to grow US~$ 2 Billion by 2022, at an estimated CAGR of ~18%.
Industry News
ONC Focuses on Data Governance with Patient Matching Framework. The ONC’s new patient matching and identification framework puts a strong emphasis on the importance of data governance and quality. The patient demographic data quality toolkit claims to address a serious and pervasive problem in health information management (medical errors caused by incorrect patient information). The ONC community of practice analysed available frameworks and selected CMMI institute’s Data Management Maturity (DMM) model as the baseline for developing the PDDQ framework of best practice.
Data and the cloud will transform every business. Erwin data Modeler, is announcing a data governance module in addition to their existing suite of data modeling, enterprise architecture and business process modeling tools. The first release of the data governance tool is benefiting from the strong metadata repository acquired from Corso and is delivering business glossary, data discovery, governance process and collaboration.
Segmentation:
The Global Data Governance market has been segmented on the basis of, Components, Function, deployment, Application Industry and geography. On the basis of Components the Data Governance market is segmented as, Solution, Services, Support maintenance. Data Governance Segmented on the basis Function Operations & IT, Legal, Finance. Data Governance segmented on the basis of Deployment such as On Premise and On Cloud. On the basis of Organization Data Governance market is segmented by Applications Sales and Marketing, Product and process management, Risk Management and among others. On the basis of Industry Data Governance market segmented into IT and Telecom Retail, Financial Services, Healthcare, Government and among others. On the basis of geography it has been segmented in North America, Europe, Asia pacific, and Rest of the World.
Regional Analysis;
North America is likely to grip the largest market share and dominate the data governance market in the forecast period, due to large investments in cloud-based solutions, early adoption of emerging technologies, and a large number of players present in this region. The APAC market is likely to see exponential progress and is predictable to be the most emergent region for the global data governance market. This is due to the rising essential to follow compliance and regulations being defined by regulatory bodies and organizations region. The Operations & IT market dominated the Europe Data Governance Market by Function and would remain to be a leading market till the forecast period.
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Intended Audience
- Enterprises
- Data Governance Application Builders
- Software Vendors
- Cloud Service Providers
- Research Institutions
- Consulting Companies
- Government
TABLE of CONTENT
1 MARKET INTRODUCTION
1.1 INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH NETWORK SOLUTION
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
Continued……
LIST OF TABLES
TABLE 1 GLOBAL DATA GOVERNANCE MARKET, BY COMPONENTS
TABLE 2 GLOBAL DATA GOVERNANCE MARKET, BY FUNCTION
TABLE 3 GLOBAL DATA GOVERNANCE MARKET, BY DEPLOYMMENT
TABLE 4 GLOBAL DATA GOVERNANCE MARKET, BY APPLICATION
TABLE 5 GLOBAL DATA GOVERNANCE MARKET, BY INDUSTRY
TABLE 6 GLOBAL DATA GOVERNANCE MARKET, BY GEOGRAPHY
TABLE 7 NORTH AMERICA DATA GOVERNANCE MARKET, BY COMPONENT
Continued….
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