About Data Governance Software
Data governance software is used to manage the overall integrity, usability, availability, and security of data used in an organization. Growing regulatory and compliance mandates for information security boosting the demand for data governance software market. With the growing new technologies, such as artificial intelligence (AI) and the Internet of things (IoT) and increasing adoption of data governance solutions by enterprises for ensuring data security further driving the demand for data governance software.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 22.12% |
Data Governance Software is a consolidation.Major companies operating the global data governance market are Collibra NV. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Data Governance Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Alation (United States), Ataccama (Canada), Collibra (Belgium), DATUM LLC (United States), Data Advantage Group (United States), Denodo Technologies (United States), Erwin, Inc. ((United States), Global Data Excellence (Switzerland), Global IDs (United States), IBM Corporation (United States), Infogix (United States), IRI (Australia), Magnitude Software (United States), Oracle Corporation (United States), Orchestra Networks (France), SAP SE (Germany) and SAS Institute (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are TopQuadrant (United States), Varonis Systems (United States), Syncsort (United States), Talend (United States), TIBCO Software (United States), Informatica LLC (United States), Information Builders (United States) and Reltio (United States).
Segmentation Overview
AMA Research has segmented the market of Global Data Governance Software market by Type (Metadata Management Tools and Data Quality Solutions), Application (Incident Management, Process Management, Compliance Management, Risk Management, Audit Management, Data Quality and Security Management and Others [Network Management and Employee Performance Management]) and Region.
On the basis of geography, the market of Data Governance Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organization Size, the sub-segment i.e. Small and Medium-Sized Enterprises (SMEs) will boost the Data Governance Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Banking, Financial Services, and Insurance [BFSI] will boost the Data Governance Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Business Function, the sub-segment i.e. Finance will boost the Data Governance Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Solutions will boost the Data Governance Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Model, the sub-segment i.e. On-Premises will boost the Data Governance Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emphasizing On Enhancing the Integrity of Data and Information Assets and Increasing Applications of AI in Data Governance Software
Market Growth Drivers:
Rapid Growth in Data Volumes and Increasing Demand from the End-Use Industries Such As IT, Healthcare, and Others
Challenges:
Complexities in Governing Security for Cloud Platforms
Restraints:
High Cost of Data Governance Softwares and Lack of Skilled Technical Professionals
Opportunities:
Growth in the IT Sector and Increasing Demand from the Developing Economies
Market Leaders and their expansionary development strategies
In June 2020 erwin,and Mikan associated announced a strategic partnership to organization adopt data governance solution.
In September 14, 2021 – Alation Inc., the data intelligence company, today announced the release and general availability of the company’s Data Governance App. The new app revolutionizes multi-cloud governance and security and delivers autonomous, continual data governance using machine learning and AI (artificial intelligence).
Key Target Audience
Data Governance Application Builders, Software Vendors, Cloud Service Providers, Technology Providers, Potential Investors, Government and Research Organizations, Trade Associations and Industry Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.