According to a new report, published by KBV research, The Global Electronic Data Management Market size is expected to reach $14.7 billion by 2029, rising at a market growth of 11.5% CAGR during the forecast period.
The Services segment is showcasing a CAGR of 12.6% during (2023 - 2029). Businesses in the services segment now depend heavily on electronic data management as a tool. Large volumes of data can be stored, managed, and analyzed rapidly and effectively by enterprises due to this technology. As a result, it has changed how services are provided and enabled enterprises to increase their operational effectiveness, customer satisfaction, and decision-making capacities.
The Cloud segment acquired maximum revenue share in the Global Electronic Data Management Market by Deployment Type in 2022 thereby, achieving a market value of $9.1 billion by 2029. In the IT and telecom sectors, services, including counseling, teaching, and electronic data administration, are growing in popularity. Electronic data management tools can assist in centralizing data from diverse sources, facilitating data access and sharing for teams and departments. Better decision-making and more productive teamwork may result from this.
The SMEs segment has shown the growth rate of 13.2% during (2023 - 2029). Due to the rising trend of organizations moving from on-premises to the cloud, SMEs are expanding moderately. Enterprise data management market share will rise due to major players acquiring SMEs to support digital transformation.
The BFSI segment is leading the Global Electronic Data Management Market by End User in 2022 thereby, achieving a market value of $4.9 billion by 2029. The segment's growth will be aided by the full digitalization of fundamental business processes, a rise in data volume, and a surge in the adoption of customer-centric initiatives. Using electronic data management software solutions, financial institutions may now manage data produced by various systems and processes, such as loan processing, customer data management, claims management, and financial transactions.
The North America market dominated the Global Electronic Data Management Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $5.3 billion by 2029. The Europe market is experiencing a CAGR of 10.8% during (2023 - 2029). Additionally, The Asia Pacific market would display a CAGR of 12.5% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/electronic-data-management-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Microsoft Corporation, Oracle Corporation, IBM Corporation, Open Text Corporation, Adobe, Inc., Kyocera Corporation, Konica Minolta, Inc., Hyland Software, Inc., Xerox Corporation and Exela Technologies, Inc.
By Offering
By Deployment Type
By Organization Size
By End User
By Geography
Companies Profiled
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