NEW YORK, Nov. 2, 2023 /PRNewswire/ — The enterprise data management (EDM) market is projected to increase at a CAGR of 15.07% during the forecast period – 2022 to 2027 by Technavio data analysts and research experts. This market research report also suggests statistics about the market size that will grow by USD 96.98 billion. The rising demand for data integration and visual analytics, growing demand for digitalization, and data explosion across industries are projected as the key factors leading to the enterprise data management (EDM) market share growth.
For more such market analysis updates, historic (2017 to 2021), and forecast market size (2023 to 2027), request for the sample PDF report.
New Business Opportunities – Market Segments and Key Regions Analysis
As per Technavio’s analysis, there are several market segments classified including BFSI, healthcare, manufacturing, retail, and others in the enterprise data management (EDM) market.
Among all these segments, the BFSI segment is projected to record the highest market share growth during the forecast period – 2022 to 2027. It was valued at USD 17.01 billion in 2017 and continued to grow significantly by 2021.
Considering the geographical regions for market share growth, North America is projected at top of the list. 40% of the total market share growth will be originated from North America by 2027.
Technavio further suggests, US and Canada are two major countries in the region have several industries adopting advanced technologies prevalently. Therefore, the data volume generated is high, which further leads to the usage of EDM software solutions.
The US is known as the leading market for EDM solutions in North America.
Moreover, the North American region has the headquarters of several major companies. These companies are undergoing major developments, such as M&A and the launch of new products, to make their presence stronger in the market during the COVID-19 crisis. Such developments will encourage the enterprise data management market growth in the region during the forecast period.
For more detailed segment analysis and geographical business distribution, historic (2017 to 2021), and forecast market size (2023 to 2027), get the exclusive sample PDF report.
Key Market Driver, Trend, and Challenge
- The growing demand for digitalization is considerably driving the enterprise data management (EDM) market growth.
- Technavio also suggests various technology-related advancements will emerge as a primary market trend for growth in the EDM market from 2022 to 2027.
- As an emerging market challenge, several challenges encountered in integrating unscalable applications may impede market growth as per Technavio’s report.
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Key Market Vendors
There are a few key vendors operating in the market, mentioned in the report such as:
- Accenture Plc
- Intel Corp.
- Amazon.com Inc.
- Innovative Systems Inc.
- Cloudera Inc.
- HP Inc.
- Hyland Software Inc.
- Broadcom Inc.
- Informatica Inc.
What`s New?
- Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
- Global competitiveness and key competitor positions
Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – buy the full report.
Major Data Covered in this Enterprise Data Management (EDM) Market Report
- Projected CAGR of the market during 2023-2027
- Detailed statistical information on the major market drivers of the enterprise data management (EDM) market during 2023-2027
- Market size analysis of the EDM market size and its association with the parent market
- Relevant predictions about upcoming market trends and detailed consumer behavior analysis
- Market share growth analysis across North America, APAC, Europe, South America, and the Middle East and Africa
- Detailed market’s competitive landscape and key information about market vendors
- Comprehensive analysis of various market challenges
Related Reports
- The enterprise data management market for BFSI sector in the US market is projected to increase at a CAGR of 12% during the forecast period – 2022 to 2027 by Technavio data analysts and research experts. This market research report also suggests the statistics about the market size that will grow by USD 4,277.78 million.
- The log management market is projected to increase at a CAGR of 12.63% during the forecast period – 2022 to 2027 by Technavio data analysts and research experts. This market research report also suggests statistics about the market size that will grow by USD 2,138.85 million.
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