The Asia Pacific Metadata Management Tools Market would witness market growth of 19.5% CAGR during the forecast period (2021-2027).
The adoption of metadata management solutions in the majority of small and large organizations has been necessitated by rising concerns about data privacy and the increasing need to maintain various compliance standards, such as the Health Insurance and Portability Accountability Act (HIPAA), Health Insurance, General Data Protection Regulation (GDPR), Basel Committee on Banking Supervision (BCBS), California Consumer Privacy Act (CCPA), and Health Insurance and Portability Accountability Act (HIPAA).
As a result, metadata is actively assisting in the reduction of compliance risk and the protection of sensitive data. Moreover, increasing technical complexities in the data management industry as a result of various developments, such as semantic technologies, big data processing, non-relational databases, and the Internet of Things (IoT), as well as the requirement to integrate new data types with legacy data, are driving the demand for metadata management with greater clarity, accuracy, and reliability.
The rapid industrialization and increasing digitalization of the majority of regional countries have resulted in a bigger volume of unstructured data generation. The increased popularity of corporate metadata management systems is anticipated to be fueled by increasing investments in cloud-based solutions. Companies in the region offer a variety of solutions on the basis of the size of the company as well as the requirements of consumers. Enterprises can use metadata management to collect, organize, and maintain business metadata, which helps with master data management and data governance initiatives.
Businesses were relying on mailed customer satisfaction surveys and follow-up phone calls in order to improve or measure customer experience. With the emergence of digital marketing, the process has been facilitated. Marketers have been able to use third-party data to build personalized experiences for prospects and consumers from the beginning of the years. In addition, brands no longer have that luxury, as data protection standards have made third-party cookies ineffective. Managing client metadata is now crucial to providing the tailored experiences that customers want.
The China market dominated the Asia Pacific Metadata Management Tools Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,407.6 million by 2027. The Japan market is estimated to grow at a CAGR of 18.8% during (2021 - 2027). Additionally, The India market would witness a CAGR of 20.2% during (2021 - 2027).
Based on Component, the market is segmented into Tools (without Services) and Services. Based on Business Function, the market is segmented into Marketing & Sales, HR, Operations, Finance and Legal. Based on Application, the market is segmented into Risk & Compliance Management, Data Governance, Incident Management, Product & Process Management and Others. Based on Metadata Type, the market is segmented into Technical, Operational and Business. Based on Deployment Mode, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into BFSI, Retail & Consumer Goods, Telecom & IT, Government, Healthcare & Life Sciences, Manufacturing, Energy & Utilities, Transportation & Logistics and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Metadata Management Tools Market is Projected to reach USD 18.8 Billion by 2027, at a CAGR of 18.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cambridge Semantics, Inc., CentricMinds, Collibra, Inc., Informetica, IBM Corporation, Oracle Corporation, Microsoft Corporation, SAP SE, Workday, Inc., and ASG Technologies Group, Inc.
By Component
By Business Function
By Application
By Metadata Type
By Deployment Mode
By Organization Size
By Vertical
By Country
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