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Transparency <strong>Market</strong> Research<br />
<strong>Master</strong> <strong>Data</strong> <strong>Management</strong> <strong>Market</strong> - Global<br />
Industry Analysis, Size, Share, Growth,<br />
Trends and Forecast 2015 – 2023<br />
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REPORT DESCRIPTION<br />
<strong>Master</strong> data is the consolidated, synchronized enterprise-wide business data sheet that has information about<br />
customers, products suppliers pertaining to the organization. <strong>Master</strong> data management (MDM) comprises the<br />
standards, processes, policies, tools and governance that consistently manages structures and collates the critical<br />
data of an organization to provide a single point of reference. <strong>Master</strong> data management has become one of the<br />
important sources for integrating data for Business Intelligence (BI), Big <strong>Data</strong>, and analytics solutions.<br />
Browse the full <strong>Master</strong> <strong>Data</strong> <strong>Management</strong> <strong>Market</strong> report at<br />
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The master data management is segmented based on their application as customer data, supplier data, and product<br />
data and other data (asset, sales, employees, etc.). The master <strong>Data</strong> <strong>Management</strong> market is also classified based on<br />
user type as SMBs (Small and Medium Business), and large enterprises. Moreover, the master data management<br />
market is segmented by geography as North America, Latin America, Asia Pacific, Middle-East and Africa and Europe.<br />
The master data management techniques have its existence since last 10 years and are currently matured and<br />
currently the software industry is witnessing a clear divide between MDM solutions offered as part of a broader<br />
platform, and specialist vendors. However vendors such as IBM Corporation, Teradata Corporation, Informatica<br />
Corporation, Oracle Corporation, SAP AG and SAS Institute, Inc. emphasize the importance of MDM as part of a<br />
broader solution. In addition to the master data, the MDM system maintains data hierarchies such as bill of materials<br />
for products, organization structure for customers.. Processes commonly observed in master data management<br />
solutions include source identification, data collection, data transformation, normalization error detection and<br />
correction, data classification, data consolidation, data storage, data distribution, item master creation, data<br />
governance and data enrichment.<br />
Requirement to have centrally managed data, rising needs for compliance, verification and escalating demands for<br />
data quality and operational excellence are some of the factors driving the adoption of master data management<br />
market. The need for consistent reporting and growth of Software-as-a-Service (SaaS) and Service-Oriented<br />
Architecture (SOA) has provoked master data management (MDM) market. The master data management market is<br />
consolidated and has witnessed acquisitions of Revelytix by Teradata Corporation and Concur Technologies by SAP<br />
AG.<br />
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Some MDM products deal with CDI (customer data integration) or PIM (product information management), while<br />
others with multiple data domains. Based on deployment MDM solutions vary as cloud solutions or on-premise<br />
solutions. An emerging trend of cloud-based MDM is propelling, with some of the established vendors such as<br />
Orchestra Networks who have MDM cloud offering to complement their on-premise software. <strong>Data</strong> governance is<br />
becoming increasingly recognized as crucial element to success in MDM market. To achieve this goal, companies<br />
such as SAP AG and IBM Corporation has set up committees of business users who would be responsible for setting<br />
standards on international product codes and global account structures. <strong>Data</strong> stewards have been assigned to help<br />
organizations to identify data issues and ensure that users adhere to the standards. <strong>Data</strong> quality is increasingly seen<br />
as an integrated part of an MDM project.<br />
Some of the key vendors in master data management market include Riversand Technologies, Inc., IBM Corporation,<br />
and SAS Institute, Inc., SAP AG, Oracle Corporation, Informatica Corporation, Orchestra Networks, VisionWare, plc,<br />
Stibo Systems, Kalido, Software AG among others.<br />
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This research report analyzes this market depending on its market segments, major geographies, and<br />
current market trends. Geographies analyzed under this research report include<br />
<br />
<br />
<br />
<br />
North America<br />
Asia Pacific<br />
Europe<br />
Rest of the World<br />
This report provides comprehensive analysis of<br />
<br />
<br />
<strong>Market</strong> growth drivers<br />
Factors limiting market growth
Current market trends<br />
<strong>Market</strong> structure<br />
<strong>Market</strong> projections for upcoming years<br />
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It<br />
provides market projections for the coming years. It includes analysis of recent developments in<br />
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includes a review of micro and macro factors essential for the existing market players and new entrants<br />
along with detailed value chain analysis.<br />
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