Enterprise Data Management Market to Reach $224.5 Billion, Globally, by 2031 at 10.8% CAGR: Allied Market Research
PORTLAND, Ore., March 7, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Enterprise Data Management Market by Component Type (Software, Service), by Product Type (Data Security, Master Data Management (MDM), Data Integration, Data Migration, Data Warehousing & Business Intelligence, Others), by Deployment Type (On-premises, Cloud), by Organization Size (Large Enterprise, Small and Medium-Sized Enterprises), by End-use Industry (Banking, Financial Services, and Insurance (BFSI), Healthcare & Life Sciences, Telecom & Information Technology, Government & Public Sector, Media & Entertainment, Retail & Consumer Goods, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global enterprise data management industry generated $79.7 billion in 2021, and is anticipated to generate $224.5 billion by 2031, witnessing a CAGR of 10.8% from 2022 to 2031.
- Rise in the amount of data collected from various corporate processes and implementation of Artificial Intelligence in cognitive media solutions drive the growth of the global enterprise data management market.
- According to the report, the global enterprise data management industry generated $79.7 billion in 2021, and is anticipated to generate $224.5 billion by 2031, witnessing a CAGR of 10.8% from 2022 to 2031.
- Rise in the amount of data collected from various corporate processes and implementation of Artificial Intelligence in cognitive media solutions drive the growth of the global enterprise data management market.
- As enterprise data management is widely used in technology industry, there was significant reduction in the enterprise data management demand globally.