Data governance

Trajectory and Analysis of the Global Data Governance Market, 2021-2022 & 2026 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Data Governance – Global Market Trajectory and Analytics” report has been added to from ResearchAndMarkets.com offer.

Global data governance market to reach US$6 billion by 2026

The global data governance market, estimated at US$1.8 billion in 2020, is expected to reach a revised size of US$6 billion by 2026, growing at a CAGR of 22% over the period. ‘to analyse. On-Premise, one of the segments analyzed in the report, is expected to grow at a CAGR of 22.9% to reach US$5.6 billion by the end of the analysis period.

Data governance is a set of tools that define roles, standards, policies, measures, and information processes within an organization. These tools ensure that data is used responsibly, efficiently and effectively to advance the functions of the organization. The data governance market is influenced by many factors.

The deluge of data from various sources and the valuable insights that can be gleaned from this data are pushing businesses to opt for advanced IT systems, which is driving the demand for data governance solutions. Additionally, risk management and regulatory compliance are also driving the growth of data governance solutions.

Increasingly stringent data privacy laws along with local storage mandates are forcing organizations to manage data more efficiently, which is ensured by data governance solutions. Growing cross-border and business-to-business collaborations are also contributing to the growth of data governance, as they ensure that data is available to all stakeholders while being monitored with a secure structure.

The advent of artificial intelligence (AI) applications is also promoting data governance. Additionally, the growing trend of Bring Your Own Device (BYOD) and associated security risks are also driving the growth of data governance solutions.

After a thorough analysis of the business implications of the pandemic and the economic crisis it induces, the growth of the Cloud segment is readjusted to a revised CAGR of 19.1% for the next 7-year period. This segment currently accounts for a 27% share of the global data governance market. On-premises deployment is the most popular deployment method for data governance solutions because it provides complete control over various aspects of data such as security and metadata.

The US market is estimated at $722.9 million in 2021, while China is expected to reach $654.1 million by 2026

The data governance market in the United States is estimated to be worth US$722.9 million in 2021. The country currently accounts for a 34.27% share of the global market.

China, the second largest economy in the world, is expected to reach an estimated market size of US$654.1 million in 2026 growing at a CAGR of 25.2% over the analysis period. Other noteworthy geographic markets include Japan and Canada, each forecasting growth of 17.2% and 21.5% respectively over the analysis period.

In Europe, Germany is expected to grow at a CAGR of approximately 21.1%, while the rest of the European market (as defined in the study) will reach US$467.8 million by the end of the year. analysis period. The data governance market is led by the developed regions such as North America (including the US and Canada) and Europe.

The steady expansion of the North American market is attributed to a robust IT infrastructure, technological advancements, and increasing application of data governance in various industries, from telecommunications and finance to media. The regional market is driven by advancements in technology as well as the growing use of cloud platforms, smart devices and IoT to streamline operations resulting in the generation of exponential volumes of metadata.

The Asia-Pacific region has become a hub for digital innovation. Additionally, governments in the region are also focusing on strengthening their data privacy laws as concerns grow over data privacy. As a result, the Asia-Pacific region offers the highest growth potential for data governance solutions.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Impact of the COVID-19 pandemic and looming global recession: 2020 marked as a year of disruption and transformation

  • As the race between the virus and vaccines heats up, where is the global economy headed in 2021?

  • Impact of COVID-19 on data governance

  • How has the IT industry been impacted by the pandemic and what is the new normal?

  • Cloud services emerge as the only bright spot amid the crisis

  • An introduction to data governance

  • Data governance tools

  • Data governance implementation

  • Benefits of data governance

  • Cloud data governance

  • Global Market Outlook and Prospects

  • Analysis by deployment

  • Analysis by vertical

  • Regional analysis

  • Competitive scenario

  • Recent market activity

  • Innovations and breakthroughs

  • Select global brands

2. FOCUS ON SELECT PLAYERS (Total 163 Featured):

  • Alation Inc.

  • Atacama Company

  • Collibra SA

  • Data Advantage Group

  • Reference SARL

  • Denodo Technologies

  • Erwin, Inc.

  • Global Data Excellence

  • Global IDs

  • IBM Corporation

  • Infogix, Inc.

  • Informatica LLC

  • Information Builders, Inc.

  • Innovative Routines International (IRI), Inc.

  • Magnitude Software, Inc.

  • Oracle Corporation

  • Orchestra Networks Inc.

  • Relationship

  • SAP SE

  • SAS Institute, Inc.

  • Syncsort

  • Talend AG

  • TIBCO Software, Inc.

  • upper quadrant

3. MARKET TRENDS AND DRIVERS

  • Data governance: the integrated approach

  • Data governance: the future

  • Key Data Governance Trends Shaping the Industry

  • Formalization of data collection from third parties and customers

  • Improved data awareness and literacy

  • Data dissemination management

  • Future-proof companies with data strategies

  • Data governance on a modern cloud

  • Data governance will play a central role, supported by machine learning and AI

  • Rapidly growing enterprise data volumes present many opportunities for the data governance market

  • The widespread use of enterprise software and business applications leads to the creation of massive volumes of corporate data

  • The Rise of Digital Transformation as New Age Business Strategy Creates Fertile Environment for Market Expansion

  • COVID-19 is accelerating digital transformation

  • Driven by new data privacy standards, the data catalog takes center stage in data governance

  • The market is benefiting from the expansion of data warehousing, data aggregation and data mining operations in enterprises

  • Growing Importance of Data Governance in Enterprises Drives Growth of Metadata Management Market

  • Automating Metadata Management Helps Transform Data Governance

  • Need to reduce risk to enterprise data assets

  • IoT data governance is gaining importance with the growing penetration of IoT devices

  • Rising Industrial Big Data Volumes Fuel Demand for Data Governance

  • Data governance drives value in healthcare

  • Common Data Governance Challenges

4. GLOBAL MARKET OUTLOOK

III. REGIONAL MARKET ANALYSIS

IV. COMPETETION

  • Total number of companies profiled: 163

For more information on this report, visit https://www.researchandmarkets.com/r/49tenh