Published Date: 30-Apr-22
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report, published by KBV research, The Global Metadata Management Tools Market size is expected to reach $18.8 billion by 2027, rising at a market growth of 18.6% CAGR during the forecast period.
The Tools (without Services) segment acquired maximum revenue share in the Global Metadata Management Tools Market by Component in 2020, thereby, achieving a market value of $13.1 billion by 2027. The increasing growth of this segment is attributed to the fact that metadata management solutions are being more widely used, as they serve a variety of purposes, including resource discovery and strict non-compliance fines for the violation of any confidential data, whether external or internal to the firm in many developed countries throughout the world. The increased adoption of metadata management tools throughout all main verticals, including retail, telecom and IT, manufacturing, and BFSI, is fueling the market's growth
The Marketing & Sales segment is leading the Global Metadata Management Tools Market by Business Function in 2020, thereby, achieving a market value of $5.6 billion by 2027. The marketing and sales business function helps an organization to obtain the most out of its marketing investments by delivering a consolidated as well as a real-time picture of the customer's buying behavior and preferences to the marketing team. The marketing department measures the performance of key criteria including market attribution, return on investment, and ad campaign effectiveness using complex analytical models.
The Data Governance segment is showcasing a CAGR of 18.2% during (2021 - 2027). Companies in the financial, government and healthcare sectors are among the early adopters of the latest and efficient data governance models because these units have to deal with certain sorts of data, such as personal identifying information and financial data, including bank account numbers and credit card numbers. Due to the increasing employment of data governance across these sectors, the growth of this segment is rapidly increasing.
The Technical segment shows high market share in the Global Metadata Management Tools Market by Metadata Type in 2020, thereby, achieving a market value of $8.8 billion by 2027. It is due to the increasing utilization of technical metadata by numerous organizations for storing and organizing data over a system or a database.
The Cloud segment is leading the Global Metadata Management Tools Market by Deployment Mode in 2020, thereby, achieving a market value of $11.9 billion by 2027. Businesses are rapidly migrating to the cloud in order to store their data, therefore cloud-based metadata management technologies are becoming more popular. Organizations prefer cloud deployment significantly because of its availability, flexibility, and scalability in providing real-time metadata management benefits.
The Large Enterprises segment dominated the Global Metadata Management Tools Market by Organization Size in 2020; thereby, achieving a market value of $12.2 billion by 2027. Data processing and metadata management software is used by many large businesses to aid in the automatic creation of data. It essentially describes when, how, and who developed the data, and the manner in which it was saved. This allows them to have a well-organized data center from which to derive future insights.
The Retail & Consumer Goods segment has shown growth rate of 17.5% during (2021 - 2027). Factors such as the rising number of transactions activities in e-commerce across, the retail sector and e-commerce firms' increasing focus on providing additional benefits for the development, and efficiency of industrial operations are expected to drive the growth of the metadata management tools market.
North America is the fastest growing region the Global Metadata Management Tools Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $6.9 billion by 2027. The Europe market is estimated to witness a CAGR of 17.8% during (2021 - 2027). Additionally, The Asia Pacific market would experience a CAGR of 19.5% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/metadata-management-tools-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Cambridge Semantics, Inc., CentricMinds, Collibra, Inc., Informetica, IBM Corporation, Oracle Corporation, Microsoft Corporation, SAP SE, Workday, Inc., and ASG Technologies Group, Inc.
By Business Function
By Metadata Type
By Deployment Mode
By Organization Size
Unique Offerings from KBV Research
North America Metadata Management Tools Market, Future Scope & Opportunities 2021-2027
Europe Metadata Management Tools Market, Size & Growth Forecast 2021-2027
Asia Pacific Metadata Management Tools Market, Size, Share & Industry Outlook to 2027
LAMEA Metadata Management Tools Market, Growth, Trends and Forecasts 2021-2027