The North America Metadata Management Tools Market would witness market growth of 17.8% CAGR during the forecast period (2021-2027).
Organizational policies and metrics are used by business users. They are the largest category of metadata consumers, which acquires a significant number of queries, such as the description of regional sales or even the real-time billing cycle. Business metadata, such as glossary terms and regulatory policies, is managed by business data stewards. They facilitate metadata generation and consumption. Technical metadata is managed by system data stewards, and systems are aligned with business rules by system data stewards.
Data architects use logical and conceptual models to integrate business and technical metadata. They hold a significant number of consumers, inquiring about factors like the permitted data format for storing customer data and sources of report tables. Technical metadata and data type standards are used by data engineers as they also help in metadata generation and consumption.
The majority of suppliers and organizations with a significant client base and operation base are headquartered in North America. The region has experienced widespread acceptance of cloud-based security solutions, especially among large enterprises, this is owing to established economies as well as a background of being early adopters of technology.
In addition, the Big Data and analytics sectors are observing increased investment and revenue, resulting in a robust market for corporate metadata management across the region. The five potential and leading areas that are likely to make the most substantial investments in Big Data and analytics solutions around the region are banking, telecommunications, healthcare, media and entertainment, retail, federal or central government, and professional services.
The US market dominated the North America Metadata Management Tools Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $5,020.7 million by 2027. The Canada market is anticipated to grow at a CAGR of 20.5% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 19.5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Metadata Management Tools Market is Estimated 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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