NewswireToday - /newswire/ -
London, United Kingdom, 2014/05/21 - Successful data governance can make or break an enterprise, so many are looking to enterprise data management to organize and standardize data, according to a recent report from TechNavio.
TechNavio, the independent tech-focused global research firm, has published their report on the Global Enterprise Data Management Market. The market is growing at a CAGR of 8.66 percent from 2013-2018, thanks to increased demand for data governance among organizations.
Enterprise data management solutions automatically capture data from enterprise systems, applications, and third party cloud services, and help organizations standardize and de-duplicate data related to their operations. This helps minimize organizational data issues and conflicts resulting from the mismanagement of information.
Due to the unprecedented increase in the amount of enterprise data in recent years, data governance has been implemented in companies to improve decision-making across various sectors of an organization.
In order to keep track of data and the flow of information from various repositories of an organization, data governance teams made up of team of managers, project heads, and decision-makers require data integration tools, which is further increasing the demand for enterprise data management solutions.
“Data governance requires data quality, data profiling, and data mining applications to interoperate strongly,” says Faisal Ghaus, Vice President of TechNavio.
Many vendors are offering special data integration software to address the need of data governance in an organization. For instance, SAS/DataFlux integrates metadata management and message-oriented data movement to support enterprise data governance.
“Enterprise data management helps to collect all the structured and unstructured data at a single destination for convenience and a more streamlined approach. This will lead to better decision-making without wasting time in retrieving the required data, and demand for this ease-of-access will be a big factor fuelling market growth over the projected period,” says Ghaus.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Enterprise Data Management Market please send an e-mail to media[.]TechNavio.com.
TechNavio (technavio.com) is a leading global technology research and advisory company. Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year. We cover more than 500 technologies across 80 countries.
We focus on emerging trends that can shape a market, and model these trends using a mix of quantitative and qualitative tools in our proprietary research methodologies in order to build forecasts across market segments and geographies. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a constantly changing technology market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Our analysts obtain the information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Our large and growing base of happy customers include technology suppliers, end users, consulting companies, investment firms, research institutes and media worldwide.