Press release
Enterprise Data Management Market Size Set to Reach USD 400.98 Billion by 2033, Growing at a CAGR of 13.8%
Enterprise Data Management Market Outlook:Enterprise data management (EDM) is the process of organizing, analyzing, and storing a company's created and acquired data. Implementing the IT systems that run business applications and offer analytical data to aid corporate executives, business managers, and other end-users in operational decision-making and strategic planning requires proper data management. The enterprise data management market value chain includes IT vendors, platform providers, system and network integrators, enterprise data management software providers, distributors, end-users, and aftermarket services.
According to Straits Research, the global enterprise data management market size was valued at USD 125.27 billion in 2024 and is expected to reach USD 400.98 billion by 2033, growing at a CAGR of 13.8% during the forecast period (2025-2033).
Due to the rising demand for real-time information, a structured process for data delivery from developers, and the efficient management of hierarchical master data produced across various verticals, it is anticipated that the global enterprise data management market will experience significant growth during the forecast period. In addition, the increasing need to guarantee regulatory compliance and the growing usage of IoT devices are anticipated to boost market growth over the forecast period.
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Market Dynamics
Increasing Requirement for Risk Management Systems and Growing Emphasis on Ensuring Regulatory Compliance to Drive the Market
As a result of the continuation of globalization, numerous organizations have opened offices across the globe. However, the fluctuating data based on the location of the offices makes data procurement difficult. Data management services can facilitate single-source reporting and multi-user access in such situations, thereby providing clients with consistent data in all locations.
EDM solutions can aid incumbents of various industries and industry verticals, including BFSI and manufacturing, to gain valuable insights from historical and current data and predict market changes that may affect client requirements. Reorganizing the workflows at this time can have a substantial impact on the organization's baseline. By ensuring the accuracy of the data and implementing effective risk management, EDM solutions can be advantageous for these organizations.
Moreover, they assist organizations with data governance and data quality rules, which can be especially advantageous for data confidence, risk management, and strategic decision-making, promoting the enterprise implementation of data management solutions for risk management. Furthermore, organizations must adhere to particular rules and regulations based on the region and the industry or industry vertical they belong to. Laws and regulations typically vary from region to region and country to country, making it difficult for businesses to ensure regulatory compliance.
As a result, the increasing need to ensure full compliance with regulations such as the General Data Protection Regulation (GDPR) and the Act on the Protection of Personal Information (APPI) is anticipated to boost the usage of enterprise data management solutions. Protocols for enterprise data protection and security are crucial to the success of any modern business. Compliance with an organization's data security practices and standards is the primary function of enterprise data management. Hence, we are pushing enterprises to adopt data management services.
Market Segmentation
The EDM market is segmented based on component, deployment mode, organization size, industry vertical, and region:
By Component: The market is divided into software and services. The software segment holds the largest market share, driven by the demand for data integration, governance, and analytics tools. The services segment is expected to grow at the highest CAGR, reflecting the increasing need for consulting, implementation, and support services.
By Deployment Mode: Cloud-based deployments are gaining traction due to their scalability, cost-effectiveness, and flexibility. On-premise solutions continue to be preferred by organizations with stringent data security requirements.
By Organization Size: Large enterprises dominate the market, owing to their complex data needs and substantial IT budgets. However, small and medium-sized enterprises (SMEs) are increasingly adopting EDM solutions as they recognize the value of data-driven decision-making.
By Industry Vertical: Key sectors utilizing EDM solutions include Banking, Financial Services, and Insurance (BFSI), healthcare, retail, manufacturing, and information technology and telecommunications (IT & Telecom). The BFSI sector holds a significant share, driven by the need for compliance and risk management.
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Competitive Players in the Market
IBM Corporation
Oracle Corporation
SAP SE
Cloudera, Inc.
Amazon Web Services, Inc
Enterworks (Winshuttle, LLC)
Micro Focus
Broadcom (Symantec)
Regional Insights
Asia-Pacific is expected to grow at a CAGR of 16.6% by 2033. Various governments in the Asia-Pacific are encouraging software companies to design and develop free and open-source services for managing and gaining access to vast quantities of data, which will likely increase management demand. It is anticipated that the region's market share will increase due to the rising popularity of cloud-based deployment to boost operational efficiency.
North America is anticipated to grow at a CAGR of 11% by 2033. This region dominates the enterprise data management market due to its abundance of data management solution providers, high-level expertise, and growing investments in data management. IBM Corporation, Oracle Corporation, Amazon Web Services, Cloudera, Inc., Teradata, and SAP SE are the region's most effective enterprise data management solutions and service providers. These companies are actively engaged in data management service provision.
Companies in the United States place a substantial emphasis on digital transformation and are frequently considered early adopters of next-generation technologies like IoT, big data analytics, AI, and ML. The continued adoption of cutting-edge technologies by American businesses bodes well for expanding the market for enterprise data management.
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Recent Developments
In 2022, IBM Corporation announced an expanded partnership with SAP to undertake one of the world's most significant corporate transformation projects based on SAPÒ ERP software.
In 2022, IBM Corporation signed a strategic collaboration agreement with Amazon Web Services to deliver IBM software-as-a-service on AWS.
In 2022, Cloudera, Inc. will partner with Shionogi to accelerate R&D and achieve data-driven innovation in pharmaceuticals.
Future Outlook
The EDM market is poised for substantial growth, driven by the increasing importance of data in business operations and decision-making. Organizations are recognizing the need for comprehensive data management strategies to ensure data quality, security, and compliance. As data continues to be a critical asset, the demand for advanced EDM solutions is expected to rise, presenting opportunities for vendors to innovate and expand their offerings.
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Alternative Data Management Market Size: https://straitsresearch.com/report/alternative-data-management-market
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