Global Master Data Management Market rising at a 27.25% CAGR from 2016 to 2024 – Industry Analysis, Size, Share, Growth, Trends and Forecast

ResearchMoz added Latest Research Report titled ” Master Data Management Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024 ” to it’s Large Report database.

The master data management market has undergone tremendous advancement in the past few years. With the advent of the Internet of Things (IoT) the penetration of information technology across various industries has increased. Organizations have ramped up their investments in IoT technology. IoT offers a range of benefits to organizations in the sectors of cloud computing, big data analytics, and global networks.  The global start up industry has grown hugely in the IoT sector. Also there has been a significant rise in the number of businesses conducted over the web over the past few years.

Moreover, increase in the number of connected devices globally has also been one key factor in promoting the growth of IoT market. Economies across the world foresee the economic benefits of IoT. Considering the direct proportionality of growth in IoT to need for data management, the growth of IoT is expected to drive the demand for master data management in organizations. Master data management can enable organizations to derive actionable insights from the IoT data generated.

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Master data management offers actionable analytical and predictive data to organizations in order to carry out their business operations effectively related to product and customer data. For product and customer centric industries, availability of effective and accurate master data is critical. Discrepancy in customer as well as product related data can cost any organization hugely in terms of time and money.

Therefore, the need to invest in effective master data management solutions has become vital for the success of any organization. Businesses today have to handle a large amount of data related to products and customers. Master data management focuses on managing product- and customer-related information through product data solutions and customer data solutions. Improper management of data can lead businesses to face loses in terms of money and time. Master data management serves as a central repository of master data, which is consolidated from various sources of data. Data-driven business operations rely hugely on master data. Master data management done correctly helps achieve risk management and regulatory compliance in organizations. Thus organizations consider investing in efficient data management and master data management solutions.

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Table of Contents

Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Primary Research
1.4.2 Secondary Research

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Master Data Management Market
2.2 Global Master Data Management Market Revenue, 2014 – 2024 (US$ Mn) and Y-o-Y Growth (%)

Chapter 3 Global Master Data Management Market Analysis, 2014 – 2024 (US$ Mn)
3.1 Key Trends Analysis
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.2.3 Opportunities
3.3 Global Master Data Management Market Analysis, By Component, 2014 – 2024 (US$ Mn)
3.3.1 Software
3.3.1.1. On-premise
3.3.1.2. On-Cloud
3.3.2 Services
3.3.2.1. Consulting
3.3.2.2. System Integration
3.3.2.3. Operations and Maintenance

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