Technology Updates Enterprise Information Management Solutions

Data Quality and Master Data Management Key in Enterprise Information Management
Solution Market
Enterprise information management solutions are in great demand across industry verticals, regions,
and enterprise types largely due to the 21st century being considered the ‘Age of Information’.
Effective information management is absolutely critical and Persistence Market Research states that
the global enterprise information management solutions market could be worth approx. US$ 70
billion by 2025. Pertinent market insights are presented in a new report titled ‘Enterprise
Information Management Solution Market: Global Industry Analysis (2012–2016) and Forecast
(2017–2025)’.
Solutions – Master Data Management and Data Quality Critical Solutions
Both the master data management and data quality solutions are projected to witness an exponential
CAGR in excess of 20% and stakeholders in the enterprise information management solutions
market are advised to take this into account. The data quality segment is anticipated to be slightly
larger than master data management at the end of the eight-year study with a value of over US$
10.3 billion. Master data management is has sizeable demand in the MEA region and is worth US$
140 million there in 2017 alone.
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Industry – Banking and Financial Sector Data Has to be Effectively Managed
The banking and financial sector is estimated to be the most attractive in enterprise information
management solution market over the duration of the forecast. Banks and financial institutions
process a vast amount of confidential customer data that needs to be managed, stored securely, and
integrated with other sources of data. The banking and financial sector may well register a Y-o-Y
growth of 20.6% from 2017 to 2018.
Enterprise Type – Large Enterprise Lose Out to Small and Medium Enterprises
Large enterprise has almost 3/5th market share in the enterprise information management solution
market by enterprise type but is on track to lose a significant 470 BPS over the forecast period and
small and medium enterprises are the primary beneficiary of this.
Deployment – Mobile First World to Benefit Cloud Deployment
A mobile first world is predicted to spur the adoption of cloud-based solutions in the enterprise
information management solution market. The on-premise deployment type has a lead in the
enterprise information management solution market in 2017 but is likely to lose this position very
soon. As Internet connectivity improves globally and smartphones become commonplace, there
could be a desire to access information anywhere, anytime and this applies to enterprise data as
well. The market attractiveness index of cloud deployment is 5.0 in enterprise information
management solution market.
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Region – Huge Potential in Latin America and MEA for Enterprise Information Management
Solutions
North America has the maximum share in the enterprise information management solutions market