The Latin America, Middle East and Africa Metadata Management Tools Market would witness market growth of 22.3% CAGR during the forecast period (2021-2027).
Metadata management is responsible for assuring data quality, as well as maintaining data consistency and correctness across multiple reporting systems. Organizations are more prone to make incorrect judgments based on faulty data or if they don't have clear and effective data. With the help of Metadata Management technologies, businesses can save a lot of time and effort by ensuring consistency across various copies of data. This allows users to reuse data more effectively, and eliminate the company's reliability on employee knowledge.
Further, rising consumer expectations of being able to access data or content from any location and on any device is propelling the growth of the Metadata Management Tools Market. These tools would enable organizations to standardize their data and content. Metadata management systems are designed to make data management, data security and risk management, data governance, data valuation, and analysis easier to manage. As a result, the growing relevance of data governance is anticipated to make metadata management solutions more widely adopted, resulting in increasing the growth of the metadata management tool market.
The Abu Dhabi Data Management Standards are aimed to help government entities in establishing and executing a data management strategy. Because of the extent of the data management framework, each Entity would require to establish a program that satisfies the criteria in accordance with international Standards while also fulfilling the Entity's ongoing needs. The Government Data Management Model was created in order to deploy essential modifications through existing information system programs and projects. To address the basic principles of the Government Data Management Model, each Entity would need to mobilize a Data Management Program.
When producing metadata, the Entity can use the Abu Dhabi government and international standards to meet the demands of its specific operating context. These specialized standards would comprise metadata Elements, Refinements, and Encoding Schemes in order to represent the values necessary to be recorded in the Entity's particular context, in accordance with the Abu Dhabi Government eGIF Metadata Standard.
The Brazil market dominated the LAMEA Metadata Management Tools Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $430 million by 2027. The Argentina market is exhibiting a CAGR of 22.9% during (2021 - 2027). Additionally, The UAE market would experience a CAGR of 21.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Metadata Management Tools Market is Predict to reach $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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