Global Data Governance Market Outlook and Forecast to 2025
DUBLIN, Aug. 19, 2020 /PRNewswire/ -- The "Data Governance Market by Component, Deployment Model, Organisation Size, Application (Risk Management, Incident Management, and Compliance Management), Vertical (Manufacturing, Healthcare and BFSI), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global data governance market is estimated to be USD 2.1 billion in 2020 and is expected to reach USD 5.7 billion by 2025, growing at a Compound Annual Growth Rate (CAGR) of 22.3% during the forecast period.
The rapidly increasing growth in data volumes, rising regulatory and compliance mandates, and enhancing strategic risk management and decision-making with the increasing business collaborations are expected to propel the growth of the data governance market.
Compliance management application segment to grow at a higher CAGR during the forecast period.
Among various applications, the compliance management application segment is expected to grow at the fastest rate, due to the fact that compliance management applications enable organizations to test, remediate, attest, and manage their corporate structure.
Compliance management applications enable organizations to implement, manage, monitor, and measure the effectiveness of their governance and compliance strategies. In addition to this, cloud-based compliance management applications provide organizations with all the necessary tools for creating an effective internal management system. The collaborative workspace helps process managers in determining organizations' compliance levels.
The retail and consumer goods industry vertical to grow at the highest CAGR during the forecast period.
The retail and consumer goods industry vertical is expected to grow at the highest CAGR during the forecast period, as it is creating large volumes of data which is ultimately driving the need for efficient data governance solutions in this industry vertical. The ongoing transformations in the retail and consumer goods vertical are creating large volumes of data every year, which ultimately drives the need for efficient data governance solutions.
North America to hold the highest market share during the forecast period.
North America is expected to dominate the data governance market throughout the forecast period, owing to the early adoption of technologies and the presence of a large number of data governance solution providers. Asia-Pacific (APAC) is expected to grow at the highet CAGR during the forecast period.
The increasing digitalization and investment in infrastructure upgrades have resulted in the higher adoption of data governance and data management solutions. APAC is witnessing the increasing demand for cloud-based solutions, owing to the growing size of SMEs. Companies operating in this region provide different solutions based on organization size and their requirements.
Key Topics Covered
1 Introduction 1.1 Introduction to COVID-19 1.2 COVID-19 Health Assessment 1.3 COVID-19 Economic Assessment 1.4 Objectives of the Study 1.5 Market Definition 1.6 Market Scope 1.7 Currency Considered 1.8 Stakeholders 1.9 Summary of Changes
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 Application and Industry Vertical
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 Risks 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 5.2.4.2 Increased Risk due to the Lack of Controlled Governance with an End-To-End View in the Time of COVID-19 5.2.4.3 Data Governance Problems Resulting from the COVID-19 Pandemic 5.2.5 Cumulative Growth Analysis 5.3 Adjacent Markets 5.4 Use Cases 5.5 Regulatory Implications 5.5.1 General Data Protection Regulation 5.5.2 California Consumer Privacy Act 5.5.3 Health Insurance Portability and Accountability Act of 1996 5.5.4 Health Information Technology for Economic and Clinical Health Act 5.5.5 European Market Infrastructure Regulation 5.5.6 Basel Committee on Banking Supervision 239 Compliance 5.5.7 Sarbanes-Oxley Act of 2002 5.5.8 Personal Data Protection Act
6 Data Governance Market: COVID-19 Impact
7 Data Governance Market, by Application 7.1 Introduction 7.2 Incident Management 7.3 Process Management 7.4 Compliance Management 7.5 Risk Management 7.6 Audit Management 7.7 Data Quality and Security Management 7.8 Others
8 Data Governance Market, by Component 8.1 Introduction 8.2 Solutions 8.3 Services
9 Data Governance Market, by Deployment Model 9.1 Introduction 9.2 On-Premises 9.3 Cloud
10 Data Governance Market, by Organization Size 10.1 Introduction 10.2 Small and Medium-Sized Enetrprises 10.3 Large Enterprises
11 Data Governance Market, by Vertical 11.1 Introduction 11.2 Banking, Financial Services and Insurance 11.3 Retail and Consumer Goods 11.4 Government 11.5 Healthcare 11.6 Manufacturing 11.7 Telecom and IT 11.8 Energy and Utilities 11.9 Transportation and Logistics 11.10 Others
12 Data Governance Market, by Region 12.1 Introduction 12.2 North America 12.3 Europe 12.4 Asia-Pacific 12.5 Latin America 12.6 Middle East and Africa
13 Competitive Landscape 13.1 Competitive Leadership Mapping 13.1.1 Visionary Leaders 13.1.2 Innovators 13.1.3 Dynamic Differentiators 13.1.4 Emerging Companies 13.2 Strength of Product Portfolio 13.3 Business Strategy Excellence
14 Company Profiles 14.1 Introduction 14.2 IBM 14.3 Oracle 14.4 SAP 14.5 SAS 14.6 Collibra 14.7 Informatica 14.8 Talend 14.9 Topquadrant 14.10 Information Builders 14.11 Alation 14.12 Tibco 14.13 Varonis 14.14 Erwin 14.15 Data Advantage Group 14.16 Syncsort 14.17 Infogix 14.18 Magnitude Software 14.19 Ataccama 14.20 Reltio 14.21 Global Data Excellence 14.22 Global IDS 14.23 Innovative Routines International 14.24 Denodo 14.25 Adaptive 14.26 Microsoft 14.27 Zaloni 14.28 Alex Solutions 14.29 AWS 14.30 Micro Focus 14.31 Mindtree 14.32 Right-To-Win
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