The enterprise metadata management market is predicted to develop at an impressive 14.8% CAGR from 2023 to 2033, preceding the lower 12.7% CAGR witnessed between 2018 and 2022. This significant rise shows the rise in demand for enterprise metadata management, increasing the market value from US$ 2,626.9 million in 2023 to US$ 10,474.3 million by 2033.
The growing demand for data governance across numerous industries is what is driving the global market for corporate metadata management. Enterprise metadata management software optimizes IT productivity, reduces risk, improves data asset management, and assures regulatory compliance.
Between 2023 and 2033, the need for business metadata management is expected to increase globally at a CAGR of 14.8%, driven by the rising use of IoT and blockchain technologies, the growth of unstructured data, and the requirement for data security and management rules.
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The requirement to lower risk and improve data confidence, as well as the growth of data warehouses and centralized data control to increase IT efficiency, are the main factors driving the global market for enterprise metadata management.
The lack of knowledge about the advantages of corporate metadata management and technical barriers to metadata storage and cross-linking restrain industry expansion.
Key Takeaways from the Enterprise Metadata Management Market:
- The requirement to effectively manage enormous amounts of enterprise data, as well as the growing emphasis on data governance, is likely to propel the enterprise metadata management market in India to witness rapid growth with a CAGR of 17.6% by 2033.
- The Enterprise metadata management market in the United Kingdom is expected to develop at a CAGR of 13.2% by 2033, owing to the increased usage of advanced analytics and AI technologies that rely on accurate and well-governed metadata.
- China’s enterprise metadata management market is predicted to grow rapidly by 2033, with a CAGR of 16.7%, driven by the country’s increasing economic environment and the rising demand for comprehensive data management solutions.
- The demand for greater data governance and compliance with regulatory regulations is expected to propel the Australian enterprise metadata management market to a CAGR of 3.6% by 2033.
- The focus on digital transformation in Japan and the growing understanding of the value of metadata in data-driven decision-making processes are likely to boost the market’s growth at a moderate CAGR of 5.1% by 2033.
Competitive Landscape
Leading international competitors like IBM Corporation, SAP SE, Informatica, Collibra, and Talend rule the market thanks to their wealth of expertise, diverse product lines, and substantial customer bases. These businesses focus on features like data lineage, data cataloging, and data discovery to provide comprehensive metadata management solutions, and they invest consistently in R&D to improve their services.
Additionally, as cloud-based EMM solutions have grown in popularity, cloud-focused companies like Microsoft, Amazon Web Services (AWS), and Google Cloud Platform (GCP) have become more competitive. Organizations looking for adaptable metadata management solutions are drawn to their scalable and affordable cloud services.
Recent Developments
- IBM just released IBM InfoSphere Master Data Management, a new enterprise metadata management platform. This platform offers tools for managing, controlling, and enhancing metadata, as well as a common repository for all metadata.
- Oracle introduced Oracle Enterprise Data Management Suite, a new enterprise metadata management platform. This platform offers a full suite of tools, such as data discovery, data lineage, and data quality, for managing metadata across the company.
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Key Segments Profiled in the Enterprise Metadata Management Industry Survey
By Deployment Type:
- On-Premise
- Software as a Service (SaaS)
By Vertical:
- BFSI
- Healthcare & Medical
- IT & Telecommunications
- Media & Entertainment
- Government
- E-Commerce & Retail
- Logistics
- Pharmaceutical
- Manufacturing
- Others
By Region:
- North America
- Latin America
- Europe Enterprise
- Asia Pacific
- Middle East & Africa
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