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Enterprise Data Management Market :: An Emerging Market with Promising Growth Potential
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Global enterprise data management market can be segmented on the basis of type of software, type of service, deployment type, industry verticals, user type, and regions. Based on type of software, the global enterprise data management market can be divided into data integration, data quality, data security, data migration, data warehousing, and others. On the basis of type of service the global market for enterprise data management can be segmented into consulting services, support and training analysis, operation, and maintenance services. Based on deployment type, the market can be divided into hosted deployment and on-premises deployment. The industry verticals can be categorized, as education, government, healthcare, retail, manufacturing, energy and utilities, transportation and logistics, banking, financial services and insurance (BFSI), IT and telecom, and others. On the basis of user type the global enterprise data management market can be segmented into small and medium sized businesses (SMBs) and enterprises. Transportation and logistics, energy and utilities, defense, healthcare, banking financial services and insurance (BFSI) and government organizations are the major consumers of enterprise data management functionalities.
However, the data silos, data quality and data address validation issues, are some of the challenges hindering the growth of the Enterprise Data Management Market. A data silo is a repository of fixed data that remains under the control of one department, which is used to store an organization’s data, hence reducing the need for data management. Data silos are facing increasing disapproval not only because they obstruct productivity, but also due to their negative impact on data integrity.
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The key competitors in the global enterprise data market include, IBM Corp., Informatica Corporation, SAS Institute Inc., Oracle Corp, International Business Machines Corp, Adaptive, Inc., Cambridge Semantics, Innovative Systems, Inc., Solix Technologies, Inc and Phasic Systems Inc.
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