The Latin America, Middle East and Africa Enterprise Data Management Market would witness market growth of 13.7% CAGR during the forecast period (2020-2026). More and more companies are adopting data governance as a way of improving understanding of business data and building a culture driven by data. But many are still struggling to bridge the division between technical and business. Business-focused data governance promotes collaboration between business and technical stakeholders to create user-friendly resources, such as data catalogs, which clarify technical data in a business context and integrate important institutional knowledge.
Data-driven organizations, with the way they handle their data, can become more agile. Market demands for MDM solutions shift to where and how they add value to the enterprise. Thus, the emphasis should be on better and result-based implementation of MDM in terms of allowing higher sales growth and profits, cost savings and performance, regulatory enforcement and risk management.
Due to the growing need for managing voluminous data generated daily in an organization, enterprise data management solutions are growing in importance. The need to interpret the data strategy in order to achieve competitive and strategic advantage is driving the data management market for enterprises. The quantity of data generated and managed by organizations that they can use to their advantage is that at a tremendous rate that puts data management high on their agendas which also drives the EDM industry.
Nonetheless, data address validation issues, data quality, and data silos are some of the constraining factors that hamper EDM market development. On the other hand, EDM as a tool to take competitive advantage causes the growing adoption of enterprise data management by the number of enterprises which creates opportunities for market growth. In addition, the emergence of Big Data technologies is also expected to boost the growth of the EDM market during the forecast period.
Based on Component, the market is segmented into Software and Services. Software market is further bifurcated into Data Security, Master Data Management, Data Integration & Migration, Data Governance, Data Warehousing & Quality and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into BFSI, Retail and Consumer Goods, Government & Defense, Energy & Utilities, Healthcare & Life Sciences, Telecom & IT and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Enterprise Data Management Market in LAMEA is expected to register a CAGR of 13.7% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, SAP SE, Teradata Corporation, SAS Institute, Inc., Talend S.A., Salesforce.com, Inc. (MuleSoft LLC), Micro Focus International PLC, Cloudera, Inc., IBM Corporation, Amazon.com, Inc.
Market Segmentation:
By Component
By Deployment Type
By Organization Size
By End User
By Country
Companies Profiled
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