Global Data Governance Market, By Application (Incident Management, Process Management, Compliance Management, Risk Management, Audit Management, Data Quality and Security Management, Others), Component (Solutions, Services), Deployment Model (On-Premises, Cloud), Organization Size (Small and Medium-Sized Enterprise, Large Enterprise), Vertical (BFSI, Retail and Consumer Goods, Government, Healthcare, Manufacturing, Telecom and IT, Energy and Utilities, Transportation and Logistics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Data Governance Market
Data governance market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to reach at an estimated value of USD 34.8 billion by 2029 and grow at a CAGR of 22.30% in the above-mentioned forecast period.
Data governance is basically management of the performance of data assets and data functions. It generally deals in data integrity, security, usability, accountability and availability employed in an enterprise. The various technologies and strategies of data governance are used to make sure that business data comply with corporate policies and compliances. It is widely used in various end users such as BFSI, retail and consumer goods, government, healthcare, manufacturing, telecom and IT, energy and utilities, transportation and logistics and others.
The factors such as rising demand to ensure high data quality and heritage over the data life cycle of an enterprise and developing BI and analytics to-consumer risks are expected to emerge as the significant factors accelerating the growth of data governance market. In addition to this, various factors such as the increment in the need to wipe out client hazards, growing regulatory enforcement along with data protection issues and growing AI applications, will further aggravate the growth of the data governance market in the above-mentioned forecast period. However, the information from information silos convergence and increased risk due to lack of regulated governance along with data address validation issues results as a growth restraint for the market.
The adoption of DevOps across all company software along with increasing applications of AI in data governance is anticipated to generate lucrative opportunities for the data governance market in the forecast period of 2022 to 2029. The various complexities in maintaining security through BYOD and cloud platforms will pose as a challenge for the Data governance market.
This data governance market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Data governance market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Data Governance Market Scope and Market Size
The data governance market is segmented on the basis of application, component, deployment model, organization size and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of application, data governance market is segmented into incident management, process management, compliance management, risk management, audit management, data quality and security management, and others.
- On the basis of component, data governance is segmented into solutions and services. Services are sub-segmented into managed and professional services. Professional services are further segmented into consulting services, support and maintenance, and deployment and integration.
- On the basis of deployment model, data governance is segmented into on-premises and cloud.
- On the basis of organization size, data governance is segmented into small and medium-sized enterprise and large enterprise.
- Based on vertical, data governance is segmented into BFSI, retail and consumer goods, government, healthcare, manufacturing, telecom and IT, energy and utilities, transportation and logistics and others.
Data Governance Market Country Level Analysis
The data governance market is analyzed and market size, volume information is provided by application, component, deployment model, organization size and vertical as referenced above.
The countries covered in the data governance market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the data governance market during the forecast period owing to the growth of smart cities and the proliferation of IoT devices, the region is expected to witness rapid growth in the forecast period of 2022 to 2029. North America, on the other hand, is expected to show a lucrative growth due to growing regulatory enforcement and growing AI applications within the above mentioned forecast period.
The country section of the data governance market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Data Governance Market Share Analysis
The data governance market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Data governance market.
Some of the major players operating in the data governance market report are Collibra, Adobe, IBM, Teradata, Syncsort, Infogix Inc, Ataccama Corporation, Reltio, Global Data Excellence, Global IDs. , Denodo Technologies, Magnitude Software, Inc., Datum LLC, Microsoft, Zaloni, TIBCO Software Inc., TIBCO Software Inc., Atlan Pte. Ltd., SAS Institute Inc, MicroStrategy Incorporated., and DAG, among others.