Enterprise metadata management refers to the practice of systematically managing metadata across an organization to ensure consistency, accuracy, and accessibility, enabling better data governance and decision-making processes. Metadata consists of descriptive details regarding data assets, encompassing their arrangement, definitions, connections, and utilization. Enterprise metadata management is essential for surfacing, organizing, and validating diverse metadata types like performance, social, usage, and governance, enhancing productivity, collaboration, and governance across complex data environments.
Sizing and Forecast
The enterprise metadata management market size has grown exponentially in recent years. It will grow from $7.29 billion in 2023 to $8.81 billion in 2024 at a compound annual growth rate (CAGR) of 21.0%. The growth in the historic period can be attributed to regulatory compliance requirements, data integration challenges, digital transformation initiatives, master data management (MDM) projects, data governance programs.
The enterprise metadata management market size is expected to see exponential growth in the next few years. It will grow to $19.07 billion in 2028 at a compound annual growth rate (CAGR) of 21.3%. The growth in the forecast period can be attributed to real-time metadata processing, enhanced data privacy and security, data fabric solutions, augmented data catalogs, quantum computing impact. Major trends in the forecast period include Integrating hyper-automation technologies, data mesh adoption, semantic metadata integration, privacy-preserving metadata management, dataOps and metadata.
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Segmentation & Regional Insights
The enterprise metadata management market covered in this report is segmented –
1) By Component: Tools, Services
2) By Deployment Type: On-Premise, Cloud
3) By Metadata Type: Business Metadata, Technical Metadata, Operational Metadata
4)By Application: Governance and compliance management, Risk management, Product and process management, Incident management, Other Applications
5) By End-Use: Banking, Financial Services, and Insurance, Telecommunication And IT, Retail And e-commerce, Healthcare And Lifesciences, Manufacturing, Government And Defense, Energy And Utilities, Media And Entertainment, Other End -Users
North America was the largest region in the enterprise metadata management market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise metadata management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rapid data growth within an organization is expected to propel the growth of the enterprise metadata management market going forward. Data growth is the exponential increase in digital information generated, stored, and processed over time. The increase in data growth is attributed to expanding internet usage, digital transformation initiatives, and widespread digitization. Enterprise metadata management offers the oversight and control to effectively handle the changes frequently encountered in intricate enterprise data ecosystems. For instance, in December 2022, according to reports published by the Soda Foundation, a US-based non-profit organization, for the average end-user organization, the upper limit of data storage reached 25 TB, with annual data growth soaring from 700 TB in 2021 to 2,208 TB in 2022. Therefore, rapid data growth within an organization drives the growth of the enterprise metadata management market.
Key Industry Players
Major companies operating in the enterprise metadata management market are International Business Machines Corporation, Oracle Corporation, SAP SE, Informatica LLC, Varonis Systems Inc., ASG Technologies Group Inc., MuleSoft LLC, Talend SA, Idera Inc, Collibra NV, Alation Technologies Inc., Erwin Inc., Global IDs Incorporation, Smartlogic Semaphore Inc., Alex Solutions Pty Ltd, TopQuadrant Inc, CentricMinds Pty Ltd, Data Advantage Group LLC, Trillium Software Inc., Information Builders Inc., Datum LLC, Adaptive Insights LLC , Amazon Web Services Inc, Infogix Inc, Orchestra Networks SA
The enterprise metadata management market report table of contents includes:
1. Executive Summary
2. Enterprise Metadata Management Market Characteristics
3. Enterprise Metadata Management Market Trends And Strategies
4. Enterprise Metadata Management Market – Macro Economic Scenario
5. Global Enterprise Metadata Management Market Size and Growth
…………
32. Global Enterprise Metadata Management Market Competitive Benchmarking
33. Global Enterprise Metadata Management Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Enterprise Metadata Management Market
35. Enterprise Metadata Management Market Future Outlook and Potential Analysis
36. Appendix
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