Shibuya-ku, Tokyo, Japan, Japan, Jan 14, 2022, 00:50 /Comserve / -- The global data governance market size is estimated to grow from USD 863.2 million in 2016 to USD 2,234.7 million by 2021, at a Compound Annual Growth Rate (CAGR) of 21.0%.
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The global data governance market size is estimated to grow from USD 863.2 million in 2016 to USD 2,234.7 million by 2021, at a Compound Annual Growth Rate (CAGR) of 21.0%. The need to meet regulations & compliance deadlines and need to improve & sustain strategic risk management has fueled the growth of data governance solutions and services. However, varying structure of regulatory policies and data address validation & quality issues are the restraining factors for the data governance market.
“The data governance solutions accounts for the largest market share during the forecast period”
The data governance market by solutions is estimated to grow with the largest market share during the forecast period. Data governance solutions are used in various verticals and have various applications. The software helps understand & promote the value of data, resolve data related issues, track & oversees the delivery of data projects and services and define, approve, and maintain data strategies. Based on the data, organizations could generate business-related insights and plan the next step accordingly, when any fault occurs. Data governance solutions include data masking, data archiving, data catalog, data dictionary, access control, data collaboration and compliance, and policy management.
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The Final Report will cover the impact analysis of COVID-19 on this industry: Data Governance Market-Size By Business Function, By Component, By Deployment Model, By End User, And Forecast Up to 2021 (Trending Report)
“Asia-Pacific (APAC) is projected to grow at the highest rate during the forecast period”
North America holds the largest market share in 2016 and the trend is expected to continue in the coming years. The data governance market is showing strong positive trends in the region as several companies and industries are adopting data governance software at various levels, as a part of their strategy to strive in the market and increase their productivity. The APAC market is expected to witness exponential growth and is projected to be the fastest-growing region for the global data governance market. This is due to the rising need to adhere to compliance and regulations being defined by regulatory bodies and organizations.
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The Final Report will cover the impact analysis of COVID-19 on this industry: Data Governance Market-Size By Business Function, By Component, By Deployment Model, By End User, And Forecast Up to 2021 (Trending Report)
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profiles of primary participants is given below:
• By Company Type: Tier 1: 20%, Tier 2: 26%, and Tier 3: 59%
• By Designation: C-level: 35%, Director level: 50%, and Others: 15%
• By Region: North America: 35%, Europe: 28%, APAC: 22% and RoW: 15%
Research Coverage
The report segments the data governance market on the basis of component, which includes solutions & services; services segment is further segmented into managed services and professional services. Under professional services, the report is further segmented into support & maintenance and consulting services, under deployment models it is segmented into cloud and on-premises, under applications it is segmented into incident adjustment management, risk management, sales & marketing optimization, product & process management, and others. Under verticals, it includes Banking, Financial Services, & Insurance (BFSI), telecommunications & IT, retail & e-commerce, healthcare & life-sciences, manufacturing, government & defense, energy & utilities, construction & engineering, and others (research, education, travel & hospitality, BPO), whereas in regions, it is segmented into North America, Europe, APAC, Middle East & Africa (MEA), and Latin America.
Reasons to buy the report
• To get a comprehensive overview of the global data governance market
• To gain wide information about the top players in this market sphere, their product portfolios, and key strategies adopted by them
• To gain insights of the major countries/regions, in which the data governance market is flourishing in various industries
TABLE OF CONTENTS
1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 20
2.1.1.1 Key data from secondary sources 20
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 21
2.1.2.2 Key industry insights 22
2.1.2.3 Breakdown of primaries 22
2.2 MARKET SIZE ESTIMATION 23
2.2.1 BOTTOM-UP APPROACH 23
2.2.2 TOP-DOWN APPROACH 24
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 25
2.4 RESEARCH ASSUMPTIONS 26
2.4.1 ASSUMPTIONS 26
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