Thursday 5 February 2015, Amsterdam
The new report recognizes the following companies as the key players in Global Enterprise Data Management Market: IBM Corp., Informatica Corp., Oracle Corp., SAP AG, SAS Institute Inc., Adaptive Inc., Cambridge Semantics Inc., GoldenSource, Innovative Systems Inc., Markit, Phasic Systems Inc., SmartCo , Solix Technologies Inc., Sybase Inc., Talend
Commenting on the report, an analyst from the new reports team said: “In recent years, rapidly evolving market dynamics and changing aspects of businesses have prompted organizations worldwide to continuously innovate and overhaul their existing business models and enterprise infrastructure. Enterprise data management supports the growth of the company in making better decisions and helps it gain a competitive advantage by streamlining the business processes and improving operational efficiency. Moreover, enterprise data management is one of the ways to help SMEs since it involves effective storage of business critical information. The infrastructure of many companies requires upgrades and advancements to cater to current market demands. This drives the evolution and rapid adoption of secure and consistent IT solutions such as enterprise data management.”
According to the report, the Global Enterprise Data Management market is driven by several factors, of which the increasing amount of data generated by organizations is one of the major drivers. Large amounts of data are generated from various sources including enterprise applications, web-based searches, social networks, and cloud-based applications. As a result, organizations need enterprise data management solutions to automatically track the performance and behavior of the data stored in their systems.
Further, the report states that one of the major challenges is the lack of awareness of data quality tools. Companies face several challenges because of poor data quality such as unnecessary expense caused by large amounts of duplicated data and errors in customer engagement as a result of incorrect data entry methods. It is estimated that all companies in the US on average are losing around US$600 billion worth of data per year.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.