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The data governance industry is expected to expand from an initial valuation of $1876.69M in 2022 to a total value of $9075.3M in 2030, a compound annual growth rate (CAGR) of 22.89%.
The demand for data governance solutions is rising as a result of the exponential expansion of data quantities, which in turn is fueling the market's expansion. The research study on the global data governance industry gives a comprehensive analysis of the sector. Important market segments, trends, drivers, constraints, the competitive landscape, and other aspects are thoroughly examined in the report.
Simply said, data governance is the process of overseeing how well data assets and data services are performing. Integrity, security, usability, accountability, and availability of an enterprise's data are typically addressed. To guarantee that company data adheres to all regulations and standards, data governance employs a variety of technologies and tactics. The banking, financial services, insurance, retail, healthcare, manufacturing, telecommunications, information technology, energy, utility, transportation, and logistics industries are just a few of the many end users.
The data governance market is anticipated to experience rapid expansion due to factors such as the increasing need to guarantee good data quality and heritage throughout an enterprise's data life cycle and the emergence of risks associated with generating business intelligence and analytics for consumers. The data governance market is expected to experience significant expansion during the forecast period due to a number of causes. These include an increase in the requirement to eliminate client hazards, stricter regulatory enforcement, data privacy concerns, and the increasing use of artificial intelligence. One factor limiting the market's expansion is the convergence of data from different silos, which poses risks due to an absence of regulatory governance and data address validation problems.
The overarching management of data functions and data assets is known as data governance. Integrating data and ensuring its security, usefulness, accessibility, and accountability inside the enterprise are key concerns. It is the method used to check if the company's data is consistent with the company's strategy. Among the many advantages brought about by data governance are enhanced dynamics, operational proficiency, information comprehension and lineage, data quality, administrative consistency, income, and quality. Data collection and the implementation of various security processes constitute the bulk of their work. It is not feasible to expect many systems to maintain constant coordination without this mechanism.
The data governance market is seeing strong growth due to various factors. These include the increasing need to comply with regulations, the growing concern about data security and privacy, and the widespread use of business intelligence (BI) and analytics to mitigate consumer risk. In addition, the market is driven by the increased need for high-quality data at every stage of an organization's data life cycle. Nevertheless, the data governance market is constrained in its global expansion due to factors including the regular revision of data regulatory rules and data validation systems. In addition, the data governance market has promising growth potential due to the increasing usage of AI in this field and the widespread adoption of DevOps practices in software development.
Data governance refers to a collection of procedures that provide the organization-wide systematic administration and protection of crucial and important data. Accounting, decision-making, and other mission-critical corporate activities rely on trustworthy information. The importance of proper data storage, use, and disposal inside a business has grown in recent years due to the introduction of various data legislation by various governments. Organizations strive for data regulation compliance in order to adhere to both general and specialized regulatory data requirements, as well as national and international laws and regulations. Similar to the General Data Protection Regulation (GDPR), a number of US states are formulating and enacting data privacy regulations. One state that has enacted legislation to ensure the security of personal information is California, with the passage of the California Consumer Privacy Act (CCPA). As an example, 2% of Google's revenue could be lost due to GDPR fines alone, as reported by Deutsche Bank.
Companies can no longer afford to ignore data if they want to assess their entire performance, identify important consumers, and reduce risks. Furthermore, there needs to be enough data available to monetize data assets. However, many new difficulties may arise for most organizations, particularly centralized business businesses, when attempting to consolidate data from disparate sources into relevant information. An organization's mission-critical components can be extracted and double-checked with the help of data interchange and data ecosystem, which provide the necessary tools for centralized data analysis. The data ecosystem and data exchange development process differs for each client group according to the data value assumptions. Data analytics and unified data aggregation platforms are available from a number of data governance providers, allowing users to more easily and effectively combine and analyze data from various sources.
Report Coverage
Global Data Governance research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Data Governance report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Data Governance competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Data Governance market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Data Governance market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Data Governance market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Collibra, Adobe, IBM, Teradata, Syncsort, Infogix Inc, Ataccama Corporation, Reltio, Global Data Excellence, Global IDs. , Denodo Technologies, Magnitude Software, Inc., Datum LLC, Microsoft, Zaloni, TIBCO Software Inc., TIBCO Software Inc., Atlan Pte. Ltd., SAS Institute Inc, MicroStrategy Incorporated., DAG, SAP SE, Symantec Corporation (Norton Lifelock), Informatica Inc., Alation Inc., Varonis Systems Inc., Alfresco Software Inc., Oracle Corporation, Talend SA.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Data Governance market based on the below-mentioned segments:
Global Data Governance Market, By Component
Solutions
Services
Global Data Governance market, By Application
Incident management
Process management
Compliance management
Risk management
Audit management
Others
Global Data Governance Market, By Industry Vertical
Banking, Financial Services, and Insurance (BFSI)
Government and defense
Retail and consumer goods
Telecommunications and IT
Construction and engineering
Others
Global Data Governance market, Regional Analysis
The demand for data governance solutions is rising as a result of the exponential expansion of data quantities, which in turn is fueling the market's expansion. The research study on the global data governance industry gives a comprehensive analysis of the sector. Important market segments, trends, drivers, constraints, the competitive landscape, and other aspects are thoroughly examined in the report.
Simply said, data governance is the process of overseeing how well data assets and data services are performing. Integrity, security, usability, accountability, and availability of an enterprise's data are typically addressed. To guarantee that company data adheres to all regulations and standards, data governance employs a variety of technologies and tactics. The banking, financial services, insurance, retail, healthcare, manufacturing, telecommunications, information technology, energy, utility, transportation, and logistics industries are just a few of the many end users.
The data governance market is anticipated to experience rapid expansion due to factors such as the increasing need to guarantee good data quality and heritage throughout an enterprise's data life cycle and the emergence of risks associated with generating business intelligence and analytics for consumers. The data governance market is expected to experience significant expansion during the forecast period due to a number of causes. These include an increase in the requirement to eliminate client hazards, stricter regulatory enforcement, data privacy concerns, and the increasing use of artificial intelligence. One factor limiting the market's expansion is the convergence of data from different silos, which poses risks due to an absence of regulatory governance and data address validation problems.
The overarching management of data functions and data assets is known as data governance. Integrating data and ensuring its security, usefulness, accessibility, and accountability inside the enterprise are key concerns. It is the method used to check if the company's data is consistent with the company's strategy. Among the many advantages brought about by data governance are enhanced dynamics, operational proficiency, information comprehension and lineage, data quality, administrative consistency, income, and quality. Data collection and the implementation of various security processes constitute the bulk of their work. It is not feasible to expect many systems to maintain constant coordination without this mechanism.
The data governance market is seeing strong growth due to various factors. These include the increasing need to comply with regulations, the growing concern about data security and privacy, and the widespread use of business intelligence (BI) and analytics to mitigate consumer risk. In addition, the market is driven by the increased need for high-quality data at every stage of an organization's data life cycle. Nevertheless, the data governance market is constrained in its global expansion due to factors including the regular revision of data regulatory rules and data validation systems. In addition, the data governance market has promising growth potential due to the increasing usage of AI in this field and the widespread adoption of DevOps practices in software development.
Data governance refers to a collection of procedures that provide the organization-wide systematic administration and protection of crucial and important data. Accounting, decision-making, and other mission-critical corporate activities rely on trustworthy information. The importance of proper data storage, use, and disposal inside a business has grown in recent years due to the introduction of various data legislation by various governments. Organizations strive for data regulation compliance in order to adhere to both general and specialized regulatory data requirements, as well as national and international laws and regulations. Similar to the General Data Protection Regulation (GDPR), a number of US states are formulating and enacting data privacy regulations. One state that has enacted legislation to ensure the security of personal information is California, with the passage of the California Consumer Privacy Act (CCPA). As an example, 2% of Google's revenue could be lost due to GDPR fines alone, as reported by Deutsche Bank.
Companies can no longer afford to ignore data if they want to assess their entire performance, identify important consumers, and reduce risks. Furthermore, there needs to be enough data available to monetize data assets. However, many new difficulties may arise for most organizations, particularly centralized business businesses, when attempting to consolidate data from disparate sources into relevant information. An organization's mission-critical components can be extracted and double-checked with the help of data interchange and data ecosystem, which provide the necessary tools for centralized data analysis. The data ecosystem and data exchange development process differs for each client group according to the data value assumptions. Data analytics and unified data aggregation platforms are available from a number of data governance providers, allowing users to more easily and effectively combine and analyze data from various sources.
Report Coverage
Global Data Governance research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Data Governance report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Data Governance competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Data Governance market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Collibra, Adobe, IBM, Teradata, Syncsort, Infogix Inc, Ataccama Corporation, Reltio, Global Data Excellence, Global IDs. , Denodo Technologies, Magnitude Software, Inc., Datum LLC, Microsoft, Zaloni, TIBCO Software Inc., TIBCO Software Inc., Atlan Pte. Ltd., SAS Institute Inc, MicroStrategy Incorporated., DAG, SAP SE, Symantec Corporation (Norton Lifelock), Informatica Inc., Alation Inc., Varonis Systems Inc., Alfresco Software Inc., Oracle Corporation, Talend SA. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Data Governance Market from 2021 to 2030.
- Market Forecast for Data Governance Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Data Governance competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Data Governance
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Data Governance market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Data Governance market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Collibra, Adobe, IBM, Teradata, Syncsort, Infogix Inc, Ataccama Corporation, Reltio, Global Data Excellence, Global IDs. , Denodo Technologies, Magnitude Software, Inc., Datum LLC, Microsoft, Zaloni, TIBCO Software Inc., TIBCO Software Inc., Atlan Pte. Ltd., SAS Institute Inc, MicroStrategy Incorporated., DAG, SAP SE, Symantec Corporation (Norton Lifelock), Informatica Inc., Alation Inc., Varonis Systems Inc., Alfresco Software Inc., Oracle Corporation, Talend SA.
Primary Target Market
- Market Players of Data Governance
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Data Governance market based on the below-mentioned segments:
Global Data Governance Market, By Component
Solutions
Services
Global Data Governance market, By Application
Incident management
Process management
Compliance management
Risk management
Audit management
Others
Global Data Governance Market, By Industry Vertical
Banking, Financial Services, and Insurance (BFSI)
Government and defense
Retail and consumer goods
Telecommunications and IT
Construction and engineering
Others
Global Data Governance market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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