The Data Governance Market is expected to reach USD 6.04 Billion by 2026, according to a new report by Reports and Data. Data governance is the overall management of the production of data functions and data assets. It deals with data security, integrity, availability, usability, and accountability exercised in an enterprise. It is also used in several applications. Data governance strategies and technologies are utilized to make sure that company data follow corporate procedures and compliances. The advantages are more reliable and improved data understanding and lineage, operational efficiency, decision-making, more eminent data quality, regulatory compliance, and rising revenue.
The significant growth drivers of the market includes the adoption of the most advanced technological improvements and the increasing demand for cloud-based applications. Also, the use of data governance in several industry verticals shall spur the growth of the market in the future. Improvements in industrial IT infrastructure over the globe has led to the growth of the market. The rising demand for IoT devices are increasing the digital data coupled with growing adoption of data governance solutions. These factors are anticipated to induce the growth of the market.
The market in the APAC region is expected to witness the highest CAGR of 21.1% during the forecast period. The Asia-Pacific region is supposed to witness growth in the market with emerging countries like China, Japan, and India that are investing in technology hugely coupled with the presence of several manufacturing enterprises which are further expected to expand the market growth.
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Key participants include
IBM, SAS, Adobe Systems, Teradata, Reltio, Ataccama Corporation, Global Data Excellence, Datum LLC, Data Advantage Group, Inc, Denodo Technologies, Orchestra Networks, SAP SE.
Further key findings from the report suggest
The Data Governance Market is estimated to reach USD 6.04 Billion by 2026, at a CAGR of 20.2% during the forecast period.
The software component accounted for a larger share of 62.1% of the market in 2018.
The cloud deployment is anticipated to grow at a higher rate of 20.7% during the forecast period.
The retail and e-commerce end user segment is anticipated to grow at the highest rate of 20.4% during the forecast period.
The Small & Medium Enterprises (SMEs) organization is anticipated to grow at a higher rate of 20.3% during the forecast period.
Compliance management application is anticipated to witness the highest CAGR of 21.0% during the forecast period.
North America region accounted for the largest share of 28.3% of the market in 2018. The booming IT industry in the region and the emergence of IoT, cloud, and big data will generate further opportunities. Due to the quick adoption of technologies and the appearance of a massive number of data governance solution providers, the market in North America has shown a notable growth rate due to increasing advancements in enterprise IT infrastructure. Due to the increasing demand for business applications, along with technological improvements in the region, the market in North America is predicted to dominate throughout the forecast period.
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For this report, Reports and Data have segmented into the global Data Governance market on the basis of resin type, composite phases, industry vertical, and region:
Deployment Outlook (Revenue, USD Million; 2016-2026)
Component Outlook (Revenue, USD Million; 2016-2026)
Application Outlook (Revenue, USD Million; 2016-2026)
End User Outlook (Revenue, USD Million; 2016-2026)
Retail and eCommerce
IT and Telecom
Organization size Outlook (Revenue, USD Million; 2016-2026)
Small & Medium Enterprises (SMEs)
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- North America
- Asia Pacific
- Latin America
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