Data Governance Markets, Forecast to 2024: Market Dynamics, Use Cases, Regulatory Implications, Key Players
DUBLIN, Dec. 13, 2019 /PRNewswire/ -- The "Data Governance Market by Component, Deployment Model, Organization Size, Application (Risk Management, Incident Management, and Compliance Management), Vertical (Manufacturing, Healthcare, and BFSI), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The Data Governance Market Size is Projected to Grow from US$ 1.8 Billion in 2019 to US$ 4.8 Billion by 2024, at a CAGR of 21.5%.
The data governance market is driven by growing regulatory compliance and privacy concerns for data security. However, the integration of data from data silos may hinder the growth of the data governance market.
Services segment to grow at a higher CAGR during the forecast period
The data governance market, by component, is segmented into solutions and services. The services segment is expected to grow at a rapid pace during the forecast period. The services considered in the report are professional services and managed services. The growth of this segment can be attributed to the increasing deployment of data governance solutions, which leads to increasing the demand for pre- and post-deployment services, as these solutions require training due to technical complexities.
Manufacturing vertical to grow at the highest CAGR during the forecast period
The data governance market by vertical has been segmented into Banking, Financial Services and Insurance (BFSI), construction and engineering, energy and utilities, government, healthcare, manufacturing, mining and natural resources, retail, and consumer goods, telecom and IT, transportation and logistics, others (education, research, travel and hospitality, and real estate). The manufacturing segment is projected to grow at the highest CAGR during the forecast period, due to the emerging need to keep an eye on various factors, such as quality, risks related to non-compliance with EHS regulations, labor laws, and quality mandates, and risks pertaining to the supply chain, production maintenance, and so on.
Asia-Pacific to grow at the highest CAGR during the forecast period
Asia-Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. The region is becoming a new hotspot in the data governance market, due to the increasing digitalization in the country and the enforcement of several regulatory compliances. Moreover, the monetary authority of Singapore has guidelines on cybersecurity, while the Chinese government requires certification of information security products. The countries in Sotheast Asia also have the most mature data governance practices that tend to be the most advanced local implementations of BCBS 239.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Market Opportunities in the Data Governance Market 4.2 Market Top 3 Applications 4.3 Market By Region 4.4 Market in North America, By Component and Deployment Mode
5 Market Overview and Industry Trends 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Growing Regulatory Compliance and Privacy Concerns for Data Security 5.2.1.2 Increasing Demand to Ensure High Data Quality and Lineage Throughout an Organization's Data Life Cycle 5.2.1.3 Improving Bi and Analytics to Decrease Customer Risk 5.2.2 Restraints 5.2.2.1 Integration of Data From Data Silos 5.2.3 Opportunities 5.2.3.1 Growing Applications of AI in Data Governance 5.2.3.2 Adoption of Devops Across All Company Software 5.2.4 Challenges 5.2.4.1 Complexities in Governing Security Across BYOD and Cloud Platforms 5.3 Use Cases 5.3.1 Use Case: Scenario 1 5.3.2 Use Case: Scenario 2 5.3.3 Use Case: Scenario 3 5.3.4 Use Case: Scenario 4 5.3.5 Use Case: Scenario 5 5.3.6 Use Case: Scenario 6 5.4 Regulatory Implications 5.4.1 General Data Protection Regulation 5.4.2 California Consumer Privacy Act 5.4.3 Health Insurance Portability and Accountability Act of 1996 5.4.4 Health Information Technology for Economic and Clinical Health Act 5.4.5 European Market Infrastructure Regulation 5.4.6 Basel Committee on Banking Supervision 239 Compliance 5.4.7 Sarbanes-Oxley Act of 2002 5.4.8 Personal Data Protection Act
6 Data Governance Market By Application 6.1 Introduction 6.2 Incident Management 6.3 Process Management 6.4 Compliance Management 6.5 Risk Management 6.6 Audit Management 6.7 Data Quality and Security Management 6.8 Others
7 Data Governance Market By Component 7.1 Introduction 7.2 Solutions 7.3 Services 7.3.1 Managed Services 7.3.2 Professional Services
8 Data Governance Market By Deployment Model 8.1 Introduction 8.2 On-Premises 8.3 Cloud
9 Data Governance Market By Organization Size 9.1 Introduction 9.2 Small and Medium-Sized Businesses 9.3 Large Enterprises
10 Data Governance Market By Vertical 10.1 Introduction 10.2 Banking, Financial Services, and Insurance 10.3 Retail and Consumer Goods 10.4 Government and Defense 10.5 Healthcare 10.6 Manufacturing 10.7 Telecom and IT 10.8 Energy and Utilities 10.9 Construction and Engineering 10.10 Mining and Natural Resources 10.11 Transportation and Logistics 10.12 Others
11 Data Governance Market By Region 11.1 Introduction 11.2 North America 11.2.1 United States 11.2.2 Canada 11.3 Europe 11.3.1 United Kingdom 11.3.2 France 11.3.3 Germany 11.3.4 Spain 11.3.5 Rest of Europe 11.4 Asia Pacific 11.4.1 China 11.4.2 Singapore 11.4.3 India 11.4.4 Australia and New Zealand 11.4.5 Rest of Asia Pacific 11.5 Latin America 11.5.1 Brazil 11.5.2 Mexico 11.5.3 Rest of Latin America 11.6 Middle East and Africa 11.6.1 Middle East 11.6.2 Africa
12 Competitive Landscape 12.1 Microquadrant Overview 12.1.1 Visionaries 12.1.2 Innovators 12.1.3 Dynamic Differentiators 12.1.4 Emerging Companies 12.2 Strength of Product Portfolio 12.3 Business Strategy Excellence
13 Company Profiles 13.1 Introduction 13.2 IBM Business Overview, Solutions and Services Offered, SWOT Analysis, Recent Developments, Organic Growth Strategies, and Inorganic Growth Strategies 13.3 Oracle 13.4 SAP 13.5 SAS 13.6 Collibra 13.7 Informatica 13.8 Talend 13.9 TopQuadrant 13.10 Information Builders 13.11 Alation 13.12 TIBCO 13.13 Varonis 13.14 erwin 13.15 Data Advantage Group 13.16 Syncsort 13.17 Infogix 13.18 Magnitude Software 13.19 Ataccama 13.20 Reltio 13.21 Global Data Excellence 13.22 Global IDs 13.23 Innovative Routines International 13.24 Denodo
For more information about this report visit https://www.researchandmarkets.com/r/dqru63
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