The Global Data Governance Market Analysis, 2020 research report depicts an exhaustive picture of market statistics of global data governance market which consists of global, regional and country wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, types, applications, technology, deployment model, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report “Global Data Governance Market Analysis, 2020”, the Global Data Governance market is anticipated to grow at a CAGR of around 22% during 2020-25. The noticeably increasing data traffic and volume, development of IoT, growing regulatory compliances, are some of the major factors driving the data governance market. The Operation and IT and the finance business function dominated the global data governance market during 2015-19, with holding of more than two-third of the market share. The growing emphasis towards cloud- computing, big data analytics, and other digital technologies such as Internet-of- Things are contributing to the noticeable growth in the adoption of Data governance in the IT sector.
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The BFSI, AND Government and Defense sectors are the key application verticals of the data governance market. The above two sectors also held the leading market share in the global data surveillance market in the historical period 2015-19. Whereas, the integration of data governance in the energy and utility segment is anticipated to grow at the fastest rate in the years to come.
The large enterprises segment, captured the majority market share in 2019, as revealed by MarkNtel Advisors’ research report “Global Data Governance Market Analysis, 2020”. The presence of large number of multinational and global manufacturing and production, IT, and service sector companies in the developed nations of North America and European region, are generating the significant amount of revenue to the data governance market. However, the development activities in the Asia-Pacific region and the resultant increasing public-private investment towards the growth of industrial sector of the economy is expected to drive the demand from the SME’s sector.
According to MarkNtel Advisors’, some the of key competitors operating in the Global Data Governance market includes Oracle, SAP, Collibra, Informatica, Alation, TIBCO, Erwin, Talend, TopQuadrant, Information Builders, and others.