The Europe Metadata Management Tools Market would witness market growth of 17.8% CAGR during the forecast period (2021-2027).
Metadata management systems are gaining traction across several industries as a tool to boost profits and cut costs. The primary adopters of metadata management solutions and services include BFSI, telecom and IT, retail and government, consumer goods, energy and utilities, healthcare, manufacturing, transportation and logistics, and others. The demand for data administration solutions in order to centralize data and keep it compliant with rules and regulations in order to avoid financial loss is likely to drive market growth in the BFSI sector.
Many companies utilize data processing software, and metadata management software that assists in the automatic generation of data. It basically explains when who, and how created the data, along with the format in which it is saved. The capacity of metadata management tools to give clarity and uniformity is fueling the growth of the Metadata Management Tools Market. The tool's comprehensive data governance feature also adds to the market's development.
According to the European Commission's Interoperability Solutions for European Public Administrations (ISA) Program, enforcement rules differ depending on the context and goals of metadata governance, as well as the policy domains. If the enforcement policies are optional, it is critical that all stakeholders are made aware of the benefits of metadata exchange and reuse. This factor would significantly increase the utilization of metadata management tools across the region.
In EU Institutions, the metadata management procedure is more standardized than in Member State entities. In addition, various national organizations do not follow any standards when it comes to metadata management, documentation, or display. The proposal to employ metadata management standards that provide cost and reusability benefits is expected to be implemented around the nation. The policy domain is estimated to facilitate the selection of specific standards. Hence, the growth of the regional market is expected to rise over the forecasting period.
The Germany market dominated the Europe Metadata Management Tools Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,190.9 million by 2027. The UK market is poised to grow at a CAGR of 16.8% during (2021 - 2027). Additionally, The France market would display a CAGR of 18.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Metadata Management Tools Market Size will Hit $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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