Big Data translates to big insights, if and only if businesses can connect the dots around it. Connecting these dots is one of the biggest drivers for the future of data-driven enterprises. As more and more organizations start valuing data as a critical asset, it becomes increasingly important to develop processes and systems that leverage this asset. Metadata management is about a strategic way to look at this data and enable enterprises to efficiently handle it.

Fundamentally, metadata is data about data. Management of it refers to all the activities that ensure that this metadata is captured, created, collected, stored, and applied at critical points along the IT business value chain. Metadata management is the structured way to apply principles on the collection, control, and use of metadata. When properly applied, Metadata management enables IT operators to effectively perform information lifecycle management and efficiently align business and IT initiatives. Once the linkages, policies, and optimizations are set, this information transitions into being an asset that can be leveraged to develop competitive advantages.

However, metadata management is not unriddled with challenges. If data attributes aren’t aligned with similar definitions, then implementing it into IT systems don’t result with the desired semantic integrations, and thereby renders the metadata functionality unserviceable. Therefore, there is a bigger need to proficiently employ metadata and enterprise data management techniques and link them in the format that brings robustness into the enterprise IT systems.

Challenges aside, Metadata management offers a strategic IT-driven way to enable organizations to improve compliance, operational efficiencies, business productivity, and provide enhanced visibility into the IT environment. The current forecast period is the growth phase of market adoption for Metadata Management players. The forecast period is favorable for an upward trend in adoption and deployment.

Metadata management is a key IT piece in the echelons of data-driven enterprises in the presence and the future. Data governance, and data management are key markets that are vital for many businesses. Following the same trend, the market opportunity for Metadata Management across the globe is also considerable overall. Arcluster forecasts this market to grow from $XXX.X million in 2018 to reach $X.XX billion in revenues in 2023, growing at a CAGR of YY.Y% over this forecast period.