Global Data Governance Market Set for Growth at 21% CAGR, Forecasts M&M in New Report Published at MarketPublishers.com20 Feb 2017 • by Natalie Aster
LONDON – As of 2016, the global market for data governance valued slightly over USD 863 million. This marketplace is set to grow at a CAGR of more than 20% in the upcoming years. It is predicted to be worth USD 2.2 billion by 2021.
Regulatory and compliances deadlines emerge to be one of the major driving forces of this marketplace. The need to improve and sustain strategic risk management is one more vital driver.
Yet, the varying structure of regulatory policies and data quality issues are some of the most prominent restraints. There are also some challenges associated with the marketplace. E.g., categorization of unstructured data.
Data governance solutions own the largest share in the world’s market. Region-wise, North America is currently the number one player in the worldwide space. APAC is projected to showcase the highest growth of the marketplace in the coming years. Still, it is unlikely to dethrone the North America.
Collibra, IBM Corporation, Orchestra Networks and SAP SE are some of the largest companies in this marketplace globally.
New research report “Data Governance Market by Component, Application, Deployment, Vertical, Business Function & Region - Global Forecast to 2021” offers an up-close look at the worldwide market for data governance. The study provides a bird’s eye view of the marketplace. It starts with a detailed description of its evolution.
The report throws light on driving forces, challenges and restraints of the market. It also discusses opportunities of this marketplace.
The research report explores industry trends. The study analyzes the market on the basis of the following factors: business functions, deployment models, verticals, applications, etc.
It proceeds with an analysis of key geographies like North America, Europe, APAC, etc. The report concentrates on the competitive environment and profiles key innovators. Future outlook for the marketplace through 2021 is at hand in the research study.
More new reports by M&M can be found at its page.