London, 19 May 2014: TechNavio, the independent tech-focused global research firm, has published their report on the Global Enterprise Data Management Market. The market is growing at a CAGR of 8.66 percent from 2013-2018, thanks to increased demand for data governance among organizations.
Enterprise data management solutions automatically capture data from enterprise systems, applications, and third party cloud services, and help organizations standardize and de-duplicate data related to their operations. This helps minimize organizational data issues and conflicts resulting from the mismanagement of information.
Data Governance for Better Decision Making
Due to the unprecedented increase in the amount of enterprise data in recent years, data governance has been implemented in companies to improve decision-making across various sectors of an organization.
In order to keep track of data and the flow of information from various repositories of an organization, data governance teams made up of team of managers, project heads, and decision-makers require data integration tools, which is further increasing the demand for enterprise data management solutions.
“Data governance requires data quality, data profiling, and data mining applications to interoperate strongly,” says Faisal Ghaus, Vice President of TechNavio.
Many vendors are offering special data integration software to address the need of data governance in an organization. For instance, SAS/DataFlux integrates metadata management and message-oriented data movement to support enterprise data governance.
“Enterprise data management helps to collect all the structured and unstructured data at a single destination for convenience and a more streamlined approach. This will lead to better decision-making without wasting time in retrieving the required data, and demand for this ease-of-access will be a big factor fuelling market growth over the projected period,” says Ghaus.
Some key vendors in this market include:
- IBM Corp.
- Informatica Corp.
- Oracle Corp.
- SAP AG
- SAS Institute Inc.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Enterprise Data Management Market please send an e-mail to media@TechNavio.com.
https://www.technavio.com/%3Cp%3E%C2%A0%3C/p%3E%0A%0A%3Cul%3E%3Cli%3E%3Cs…
