Global Master Data Management Market to Surge due to Rising Usage of Cloud-based Services

Transparency Market Research offers to its readers a thorough research report on the global master data management market. The research report, titled “Master Data Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” has been compiled by industry experts by using market measurement tools such as Porter’s five forces analysis and SWOT analysis. The former points out the threat of new entrants, the bargaining power of suppliers, the bargaining power of customers, the threat of substitute products or services, and the intensity of competitive rivalry, while the latter sheds light on the strengths, weaknesses, opportunities, and threats of the key segments of the market. The research report is aimed at providing the readers a view of the historical achievements of this market and the course it is likely to take in the coming few years.

The global master data management market has been segmented on the basis of application into product data, supplier data, customer data, and other data such as assets, sales, and employees. On the basis of type of user, the global master data management market is segmented into SMBs or small and medium business, and large enterprises. Geographically, this market is segmented into Latin America, Asia Pacific, North America, the Middle East and Africa, and Europe.

In the past decade, master data management techniques have evolved by leaps and bounds. Today, the proliferating software industry is recognizing the divide between specialist vendors and MDM solutions that are included in a broader platform of services. Several service providers such as Oracle Corporation, IBM Corporation, Informatica Corporation, SAP AG and SAS Institute, Inc., and Teradata Corporation stress on MDM being a part of the broader solution. However, in the coming years, the emerging trend of cloud-based MDM will propel the global master data management market.

The processes that are a part of master data management solutions are source identification, data collection, normalization error detection and correction, data transformation, data classification, data storage, data consolidation, item master creation, data distribution, data enrichment, and data governance. MDM systems also keep track of data hierarchies such as organization structure for customers and bill of materials for products.

Some of the important players profiled in the global master data management market are Software AG, IBM Corporation, Informatica Corporation, Riversand Technologies, Inc., SAP AG, SAS Institute, Inc., Oracle Corporation, VisionWare, plc, Orchestra Networks, Kalido, and Stibo Systems. The research report offers an in-depth analysis of the competitive landscape of the global master data management market and the governing policies impacting its trajectory. In addition to this, the research report also provides a 360-degree view of the financial overview, product portfolio, research and development activities, investment outlook, strategic mergers and acquisitions, and business and marketing strategies of these key players.

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