The Europe Data Governance Market would witness market growth of 20.0% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Data Governance Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $939.6 million by 2031. The UK market is exhibiting a CAGR of 19% during (2024 - 2031). Additionally, The France market would experience a CAGR of 21% during (2024 - 2031).
Data stewardship helps organizations protect sensitive data from unauthorized access, breaches, and cyber threats. By defining data security policies, access controls, encryption standards, and data masking techniques, governance ensures that sensitive data is adequately protected throughout its lifecycle. Moreover, governance facilitates compliance with data protection regulations such as GDPR, HIPAA, PCI DSS, and CCPA by enforcing privacy policies, data classification, and data retention rules.
Also, Data stewardship encompasses data management throughout its lifecycle, from creation and acquisition to usage and disposal. By defining data lifecycle policies, retention schedules, and archiving procedures, data management ensures that data is managed, compliant, secure, and cost-effective. Data stewardship also facilitates data stewardship and ownership, assigning responsibility for data management tasks and ensuring accountability for data-related decisions and actions throughout the data lifecycle.
Digitalizing educational processes generates vast amounts of student data, including personal information, academic records, assessment results, and behavioral data. As per the Government of the United Kingdom, more than 1,000 companies are active in the edtech industry in England. Some companies operate exclusively in this sector, while others are active in other sectors. Regarding gross value added (GVA), edtech companies brought in between £3.7 billion and £4.0 billion in 2021. Furthermore, smart manufacturing encompasses many technologies and systems, including IoT devices, sensors, robotics, and data analytics platforms. According to the International Trade Administration (ITA), Sweden’s manufacturing and industrial engineering sector is robust and prosperous, contributing approximately $20 billion, or $100 billion, to the nation’s GDP. Of this, $36 billion is generated by advanced manufacturing. 75% of Swedish exports are made in this sector. Therefore, rising digital transformation in the education sector and expansion of smart manufacturing in the region are promoting market growth.
Free Valuable Insights: The Global Data Governance Market will Hit USD 15.4 Billion by 2031, at a CAGR of 20.5%
Based on Offering, the market is segmented into Solution and Services. Based on Application, the market is segmented into Risk Management, Process Management, Incident Management, Audit Management, Compliance Management, Data Quality & Security Management and Others. Based on Deployment Mode, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Vertical, the market is segmented into BFSI, Government, Energy & Utilities, Healthcare & Lifesciences, Transportation & Logistics, Manufacturing, Retail & Consumer Goods, Telecom & IT and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Offering
By Application
By Deployment Mode
By Organization Size
By Vertical
By Country
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
