During the forecast period, the worldwide enterprise metadata management market is anticipated to expand at a CAGR of 19.4%. The market is expected to be worth US$8,420.9 million in 2022. By the year 2032, the corporate metadata management market is anticipated to reach a height of US$ 49,558.2 million. Experts at Future Market Insights have recorded a historical CAGR of 18.9% between 2016 and 2021.
Increasing importance for data governance by organizations across various industry verticals is the key factor contributes the growth of global enterprise metadata management market.
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Metadata is structured set of information set that describes, explains, and locates the other set of information. Metadata is also called as information about information and data about data.
For example, metadata in the context of library management, that delivers cataloguing aspect of library materials. Enterprise metadata management is a data management practice for managing the organization’s information.
Enterprise metadata management is software solution provides the necessary knowledge to enhance manage, and maintain, the technical description of data assets.
Enterprise metadata management enhances the ability of an organization to deal with risk, improve IT productivity and also to meet the necessary regulatory requirements.
Enterprise Metadata Management Market: Market Dynamics
Expanding enterprise data coupled with rising data integration and content management challenges, and growing importance for data governance and data standardization by organizations across various industries is the key factor drives the growth of global enterprise metadata management market.
Rising need to reducing risk and increasing trust of enterprise data assets, growing focus on collaboration and social networking capabilities and increasing interest to managing the content lifecycle by enterprises across various verticals accelerates the growth of global enterprise metadata management market.
Also, expanding data warehouses, data mining, and data pooling operations coupled with growing focus on developing centralized data control to improve IT productivity across enterprise atmosphere fuels the growth of global enterprise metadata management market.
However lack of understanding about the potential benefits of enterprise metadata management solutions and technological challenges in metadata storage and cross linking of data are identified as restraints likely to deter the progression of global enterprise metadata management market.
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Enterprise Metadata Management Market: Competition Landscape
Some of the prominent players in the global enterprise metadata management market include Oracle, Informatica LLC., International Business Machines Corporation, Teradata, Collibra, Adaptive, Inc., Data Advantage Group, Cambridge Semantics, Talend, and MuleSoft, INC.
Key Segments Profiled In The Enterprise Metadata Management Industry Survey
Enterprise Metadata Management Market by Deployment Type:
- On-Premise
- Software as a Service (SaaS)
Enterprise Metadata Management Market by Vertical:
- BFSI
- Healthcare & Medical
- IT & Telecommunications
- Media & Entertainment
- Government
- E-Commerce & Retail
- Logistics
- Pharmaceutical
- Manufacturing
- Others
Enterprise Metadata Management Market by Region:
- North America Enterprise Metadata Management Market
- Latin America Enterprise Metadata Management Market
- Europe Enterprise Metadata Management Market
- Asia Pacific Enterprise Metadata Management Market
- Middle East & Africa Enterprise Metadata Management Market
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