DUBLIN--(BUSINESS WIRE)--The "Data Governance Market by Application (Incident Management, Process Management, Compliance Management, Risk Management), Business Function, Component, Deployment Model, Organization Size, Industry Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The data governance market is expected to grow from USD 1.31 Billion in 2018 to USD 3.53 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 22% during the forecast period. The report provides detailed insights into the global data governance market that has been segmented by application, business function, component, organization size, deployment model, industry vertical, and region.
The retail and eCommerce industry vertical is expected to grow at the highest CAGR during the forecast period.
Among applications, the risk management application segment would continue to dominate the market during the forecast period, as financial institutions grapple with multiple compliance reporting requirements, such as Foreign Account Tax Compliance Act (FATCA) and Firm Data Submission Framework (FDSF), which increase the importance of the risk management application in organizations. The compliance management application segment is expected to grow at the fastest rate during the forecast period.
Large enterprises are expected to dominate the market in terms of market share, as these enterprises are continuously investing in their R&D activities to improve overall performance and provide customer satisfaction. However, the Small and Medium-Sized Enterprises (SMEs) segment is expected to exhibit a higher CAGR, owing to the availability of cloud-based data governance solutions at an effective cost. In addition to this, data governance solutions providers minimize infrastructure development costs for such applications.
- Rapid Growth in Data Volumes
- Regulatory and Compliance Mandates
- Enhancing Strategic Risk Management and Decision-Making With Increasing Business Collaborations
- The Ever-Changing Regulatory Framework
- Effective Data Governance Would Provide A Leading Competitive Edge
- Growing Applications of AI in Data Governance
- Higher Investment to Procure Sophisticated Data Governance Solutions
- Complexities Related to Governing Security Across Byod and Cloud Platforms
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Data Governance Market, By Application
7 Data Governance Market, By Business Function
8 Market By Component
9 Market By Deployment Model
10 Data Governance Market, By Organization Size
11 Data Governance Market, By Industry Vertical
12 Data Governance Market, By Region
13 Competitive Landscape
14 Company Profiles
- Data Advantage Group
- Datum LLC
- Erwin, Inc.
- Global Data Excellence
- Global IDS
- Information Builders
- Innovative Routines International
- Magnitude Software
- Orchestra Networks
- SAS Institute
For more information about this report visit https://www.researchandmarkets.com/research/x4vcqb/global?w=4