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DUBLIN, March 24, 2023 /PRNewswire/ — The “Global Data Management Software Market: Analysis By Type, By Organization Size, By Deployment Type, By Application, By Region Size & Forecast with Impact Analysis of COVID-19 and Forecast up to 2028” report has been added to ResearchAndMarkets.com’s offering.
In 2022, the global data management software market was valued at US$110 billion, and is probable to reach US$263.68 billion by 2028.
Enterprises want to extract insights from the explosion of data, but are challenged with siloed data, lack of real-time analytics, and skills gaps.
Thus, arising the need for data management solutions. Data Management Software refers to a set of tools and applications that are designed to help organizations and individual’s store, organize, process, and manage data efficiently. This software can include database management systems, data integration tools, data quality tools, data governance software, data warehousing tools, and more.
An overarching mission of most data management software vendors is to leverage numerous data sources to improve customer experiences and increase operational efficiencies. The market is expected to rise as the software is expected to integrate with business intelligence (BI) and analytics tools.
Businesses will continue to demand data management software that integrates with BI and analytics tools to provide real-time insights and visualizations. The global data management software market is projected to grow at a CAGR of 16.10%, during the forecast period of 2023-2028.
Market Segmentation Analysis:
Global Data Management Software Market Dynamics:
Impact Analysis of COVID-19 and Way Forward:
Various businesses and organizations had temporary and permanent shutdowns during the COVID-19 epidemic. In addition, huge data breaches and cyber events occurred all around the world. As a result of increasing cyber breaches and the adoption of data privacy legislation in several countries to minimize the exploitation of consumers’ personal data, enterprises are deploying data management software. Various countries, for example, have implemented healthcare rules to manage the personally identifiable information (PII) of COVID-19 positive employees. Companies may disclose the data of COVID-19 positive personnel in accordance with these recommendations.
Competitive Landscape and Recent Developments:
The key players are constantly investing in strategic initiatives, such as new product launches, introducing their products to emerging markets and more, to maintain a competitive edge in this market.
For instance, in March 2021, IBM Corporation launched IBM OpenPages Data Privacy Management based on advanced technologies to meet data privacy policies and challenges.
The solution is based on an AI platform to mitigate, verify, and classify data as the regulations. Also, in April 2021, TrustArc, LLC announced the launch of Audiencerate, an international privacy verification of the company. The verification system assists organizations in managing and protecting personal data as per the industry-specific standards.
Key Topics Covered:
1. Executive Summary
2. Introduction
3. Global Market Analysis
3.1 Global Data Management Software Market: An Analysis
3.2 Global Data Management Software Market: Type Analysis
3.3 Global Data Management Software Market: Organization Size Analysis
3.4 Global Data Management Software Market: Deployment Type Analysis
3.5 Global Data Management Software Market: Application Analysis
3.6 Global Database Management System (DBMS) Market: Database Type Analysis
3.7 Global Database Management System (DBMS) Market: Process Type Analysis
4. Regional Market Analysis
4.1 North America Data Management Software Market: An Analysis
4.2 Europe Data Management Software Market: An Analysis
4.3 Asia Pacific Data Management Software Market: An Analysis
4.3.1 Asia Pacific Data Management Software Market: An Overview
4.3.2 Asia Pacific Data Management Software Market by Value
4.3.3 Asia Pacific Data Management Software Market by Region (China, India, Japan, Australia, South Korea and Rest of Asia Pacific)
4.3.4 China Data Management Software Market by Value
4.3.5 India Data Management Software Market by Value
4.3.6 Japan Data Management Software Market by Value
4.3.7 Australia Data Management Software Market by Value
4.3.8 South Korea Data Management Software Market by Value
4.3.9 Rest of Asia Pacific Data Management Software Market by Value
4.4 Rest of the World Data Management Software Market: An Analysis
4.4.1 Rest of the World Data Management Software Market: An Overview
4.4.2 Rest of the World Data Management Software Market by Value
5. Impact of COVID-19
5.1 Impact of COVID-19
5.1.1 Impact of COVID-19 on Data Management Software
5.1.2 Post COVID-19 Impact
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Ubiquity of Data
6.1.2 Growing Spending on Software
6.1.3 Increasing Adoption of Data Virtualization
6.1.4 Growing Importance of Data Privacy and Security
6.2 Challenges
6.2.1 Skill Gap
6.2.2 Lack of Real Time Analytics
6.3 Market Trends
6.3.1 Increasing Adoption of Internet of Things (IoT)
6.3.2 Integration of Artificial Intelligence
6.3.3 Shift Towards Cloud-based Solutions
6.3.4 Unstructured Data
7. Competitive Landscape
7.1 Global Data Management Software Market Players by Category
7.2 Global Operational DBMS Market Vendors by Operational Database Solution
7.3 Global Analytical DBMS Market Vendors by Analytical Database Solution
8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/ckt22w
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