What is the key element of enterprise data management edm?

The key element of enterprise data management (EDM) is data governance. Data governance is the set of policies, processes, and structures that ensure that data is managed effectively within an organization. It includes activities such as data quality management, data security, and data compliance.

What is better enterprise data management or iaas?

Enterprise data management (EDM) and Infrastructure as a Service (IaaS) are two different approaches to managing data. EDM is a holistic approach that encompasses the entire data lifecycle, from collection to storage to analysis. IaaS is a more focused approach that provides the underlying infrastructure for storing and managing data.

What are the challenges in achieving enterprise data management?

Achieving enterprise data management can be challenging due to various factors. Some of the main challenges include ensuring data quality, integrating data from different sources, protecting data security, establishing data governance policies, designing a scalable data architecture, developing data analytics capabilities, and ensuring compliance with data privacy regulations.

What are the key activities that are often the focus of enterprise data management initiatives?

Enterprise data management initiatives typically focus on key activities such as data governance, data quality management, data integration, and master data management. Data governance involves establishing policies and procedures for managing data. Data quality management ensures that data is accurate, complete, and consistent. Data integration involves integrating data from different sources into a single view. Master data management creates a single source of truth for key data elements. These activities are critical for effective enterprise data management.

What is the global market size of Enterprise Data Management Market?

Enterprise Data Management Market size was valued at USD 79.7 billion in 2021 and is poised to grow from USD 89.34 billion in 2022 to USD 249.76 billion by 2030, growing at a CAGR of 12.10% in the forecast period (2023-2030).

Global Enterprise Data Management Market

Enterprise Data Management Market Size, Share, Growth Analysis, By Component(Software, Services), By Deployment Mode(On-premises, Cloud), By Organization Size(Small & Medium Enterprise (SME), Large Enterprise), By Industry Vertical(Healthcare and Life Sciences, Banking, Financial Services, And Insurance), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45B2084 | Region: Global | Published Date: September, 2024
Pages: 165 | Tables: 87 | Figures: 76

Enterprise Data Management Market News

In July 2024, Teradata unveiled a novel integration with DataRobot to allow consumers to create AI applications and models with AI capabilities of DataRobot in VantageCloud platform of Teradata. The alliance offers users with extended choice that they can improve applications and models with their preferred technologies.
In June 2024, IBM and Telefónica Tech declared a fresh collaboration to fuel the installation of data governance solutions, analytics, and artificial intelligence and cater to the constantly evolving and changing needs of businesses.
In February 2024, SAS Institute and Carahsoft Technology Corp. declared a fresh distribution agreement. With this agreement, Carahsoft will offer SAS Public Sector Distributor. This will increase the availability of the company’s data management solutions, AI, and data analytics to the government agencies of the U.S via various contract vehicles, reseller partners, and government schedules of Carahsoft.

Enterprise Data Management Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Enterprise Data Management Market size was valued at USD 93.40 billion in 2022 and is poised to grow from USD 102.28 billion in 2023 to USD 211.39 billion by 2031, growing at a CAGR of 9.5% in the forecast period (2024-2031).

The competitive landscape of the global enterprise data management market is differentiated by the presence of several leading and new entrants that are aimed at offering wide range solutions customized for diverse industry requirements. Leading players profiled in the market like IBM, Informatica, Oracle, SAP, and Microsoft are focusing on data analytics and governance, offering quality tools, and integration with their existing systems to distinguish themselves from others. Several niche companies and startups are entering in sector, expertise in certain domains like data lineage, data quality, and AI-based analytics. Players are also engaged in collaborations and integration and customization to expand their reach and improve service offerings. 'IBM (US) ', 'SAS Institute (US) ', 'Teradata (US) ', 'Oracle (US) ', 'SAP SE (Germany) ', 'Talend (France) ', 'Symantec (US) ', 'Cloudera (US) ', 'Ataccama (Canada) ', 'Informatica (US) ', 'Mindtree (India) ', 'Qlik (US) ', 'Enterworks (US) ', 'MapR (US) ', 'Goldensource (US) ', 'AWS (US) ', 'MuleSoft (US) ', 'Micro Focus (UK) ', 'Zaloni (US) ', 'Actian (US)'

The amplifying data volume produced from different sources like IoT devices, social media, and e-commerce, transaction systems, and mobile applications has exponentially increased. Businesses are demanding efficient and reliable enterprise data management solutions to store, capture, and analyze this data correctly. Businesses are also handling semi-structured, structured, and unstructured data, increasing the importance of improved data management tactics for handling data.

Growing Demand for Cloud-Native Solutions: With growing inclination of businesses towards cloud, the demand for cloud-based data management solutions is considerably rising. These platforms offer flexibility, scalability, and cost-effectiveness enabling organizations to handle huge data quantities with no pressure of on-premises setup. The key benefits comprise easy integration with other applications, reduced IT overhead, and accessibility to be operated from any location.

North America dominated the market in 2023 and is expected to lead over the forecast period owing to growing innovations and advancements, growing adoption of cloud-based solutions, and strict regulations for data protection. North America is home to numerous prominent innovators and technology companies that fuel the development of improved enterprise data management systems. Businesses operating in the region are also speedily implementing cloud computing for enhanced cloud-based data management solutions. Also, strict protocols for data protection like CCPA and GDPR have increased the focus on efficient and reliable data management practices. The key players profiled in the region include IBM, SAS Institute, Oracle, Informatica, Enterworks, Goldensource, Qlik, and more.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Enterprise Data Management Market News

Enterprise Data Management Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Enterprise Data Management Market?

Who are the key vendors in the Enterprise Data Management Market?

What is the key driver of Enterprise Data Management Market?

What is the key market trend for Enterprise Data Management Market?

Which region accounted for the largest share in Enterprise Data Management Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300