Rising Data Volume and Threat to Data Security Would Propel the Global Data Governance Market

Market Overview

Data Governance is the overall management of availability, integration, and security of information used in an enterprise. The spurring data volume and integration of cloud solution into the business virtual infrastructure for data storage and data sharing distribution, growing rate of cyber-attacks and data thefts, are some of the prominent factors contributing to the expediting demand for data governance across the globe. The volume of data is predicted to be exceed 160 zettabytes by 2025.

Market Outlook

According to Markntel Advisors’ research report “Global Data Governance Market Analysis, 2020”, the market size for Data Governance Markets across the globe is set to surge at a CAGR of around 22% during 2020-25. The escalating cyber thefts and the risk to data security, in addition to the improvement in business analytics and intelligence is expected to uplift the market for data governance in the years to come. Furthermore, the increasing regulatory compliance and mandates such as the GDPR (General Data Protection Regulation), passed in the EU law on data protection and privacy under the Data Protection Act 2018, among other such regulations are other influencing aspects for the global data governance market. 

Cloud-Based Solutions Projected to Capture the Highest Market Share.  

The majority of the operators in the global Data Governance market are offering cloud-based solutions to the customers, owing to its operational efficiency, low-cost maintenance, flexibility and high scalability. The expansion in the cloud-based solution market, resulting from the high-rate penetration of cloud-software’s across several verticals has been augmenting the segment growth.  

North America Region to Continue to Dominate the Market 

Based on the geographical segmentation, the North America region is expected to retain the tag of largest market through 2025 accounting to the involvement of huge capital investments allocated by private entities towards development and integration of cloud-based solutions. Besides, availability of skilled workforce in the major countries such as the US and Canada, results into an early adoption of latest technologies. 

Competitive Benchmarking

According to MarkNtel Advisors, the leading market players in the global Data Governance market are Oracle, SAP, Collibra, Informatica, Alation, TIBCO, Erwin, Talend, TopQuadrant, Information Builders, and others, and others.  

In April 2019, TIBCO Software Inc., in collaboration with Singapore Polytechnic (SP), expanded its data analytics Internet of Things (IOT) knowledge in the region. Moreover, the another IT giant IBM launched the Application Program Interface (API) kit by Watson on the IBM Cloud Pak for Data as in August 2019. The new launch would enable the company’s clients to combine and utilise Watson API from any location, irrespective of the data storage location.

“Global Data Governance Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decision, hotspots and opportunities available for data governance solution providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.       

Market Segmentation:

1. 1. By Application (Incident Management, Process Management, Risk Management, Audit Management, Data Quality & Security Management, Compliance Management)
2. 2. By Organization Size (SME’s, Large Enterprises)
3. 3. By Verticals (BFSI, Government & Defense, Retail & Consumer Goods, Energy & Utilities, Mining & Natural Resources, Healthcare, Manufacturing, Others)
4. 4. By Deployment Model (On Premises, Cloud)
5. 5. By Business Function (Operation & IT, Finance, Legal)
6. 6. By Component (Software, Services)
7. 7. By Region (North America, South America, Europe, Middle East and Africa, Asia- Pacific)
8. 8. By Country (US, Canada, Mexico, Brazil, Argentina, Germany, Spain, France, UK, Saudi-Arabia, UAE, South Africa, China, India, Japan, Australia)
9. 9. By Company (Oracle, SAP, Collibra, Informatica, Alation, TIBCO, Erwin, Talend, TopQuadrant, Information Builders, and others)

Key questions answered in the study

1. 1. What are the current and future trends of the Global Data Governance Markets industry? 
2. 2. How the industry has been evolving in terms of end-user demand and application areas?
3. 3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. 4. What are the key growth drivers and challenges for the Global Data Governance Markets industry?
5. 5. What are the customer orientation, purchase behavior, and expectations from the Data Governance Markets suppliers across various regions?