What is Enterprise Data Management (EDM)?

Enterprise Data Management refers to the comprehensive process of collecting, storing, organizing, and managing an organization's data throughout its lifecycle. It involves strategies and technologies to ensure data accuracy, availability, and security.

How big is the enterprise information management market?

The Global Enterprise Data Management Market size was projected to be USD 97.5 billion in 2023 . By the end of 2024, the industry is likely to reach a valuation of USD 108.4 billion . During the forecast period, the global market for enterprise data management is expected to garner a 11.2% CAGR and reach a size of USD 281.9 billion by 2033.

What does an enterprise data management do?

Enterprise data management encompasses a spectrum of activities crucial for effective data handling within organizations. It involves the systematic collection, storage, organization, and maintenance of data throughout its lifecycle. The primary objectives include ensuring data accuracy, facilitating seamless access, and implementing robust security measures. Ultimately, enterprise data management serves as the backbone for informed decision-making and operational efficiency.

Is data management in high demand?

The demand for data management professionals and solutions is notably high, fueled by the exponential growth of digital information. Organizations recognize the need for adept management to derive actionable insights, ensure regulatory compliance, and enhance overall operational efficiency.

Who are the key players in the enterprise data management market?

Some key players operating in the enterprise data management market include IBM Corporation, Oracle Corporation, SAP SE, Microsoft Corporation, SAS Institute Inc., Amazon Web Services, Inc., Informatica, Teradata Corporation, Cloudera, Inc., Broadcom Inc., LTIMindtree Limited, Solix Technologies, Inc., Other Key Players

What key factors are driving the growth of the Enterprise Data Management Market?

The growth of the Enterprise Data Management Market can be attributed to increasing data volumes, the need for data governance and compliance, rising demand for real-time data analytics, and the proliferation of cloud-based solutions.

Enterprise Data Management Market Size

Global Enterprise Data Management Market By Component (Services [Professional Services, Managed Services] and Software), By Deployment (On-premise and Cloud), By Enterprise Size (Large Enterprise and Small & Medium Enterprise (SME)), By End-use (IT & Telecommunications, BFSI, Healthcare, Manufacturing, Retail & Consumer Goods, Government, Other End-Use Industries), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

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