Increasing importance for data governance by organizations across various industry verticals is the key factor contributes the growth of global enterprise metadata management market. Metadata is structured set of information set that describes, explains, and locates the other set of information. Metadata is also called as information about information and data about data. For example, metadata in the context of library management, that delivers cataloguing aspect of library materials. Enterprise metadata management is a data management practice for managing the organization’s information. Enterprise metadata management is software solution provides the necessary knowledge to enhance manage, and maintain, the technical description of data assets. Enterprise metadata management enhances the ability of an organization to deal with risk, improve IT productivity and also to meet the necessary regulatory requirements.
Enterprise Metadata Management Market: Market Dynamics, Segments, Regional Outlook and Competition Landscape
Expanding enterprise data coupled with rising data integration and content management challenges, and growing importance for data governance and data standardization by organizations across various industries is the key factor drives the growth of global enterprise metadata management market. Rising need to reducing risk and increasing trust of enterprise data assets, growing focus on collaboration and social networking capabilities and increasing interest to managing the content lifecycle by enterprises across various verticals accelerates the growth of global enterprise metadata management market. Also, expanding data warehouses, data mining, and data pooling operations coupled with growing focus on developing centralized data control to improve IT productivity across enterprise atmosphere fuels the growth of global enterprise metadata management market. However lack of understanding about the potential benefits of enterprise metadata management solutions and technological challenges in metadata storage and cross linking of data are identified as restraints likely to deter the progression of global enterprise metadata management market.
The global enterprise metadata management market is segmented on the basis of deployment type, vertical and by region. On the basis of deployment type the global metadata management market is segmented into on –premise and software as a service (SaaSa). On the basis of vertical the global metadata management market is segmented into BFSI, healthcare & medical, IT & telecommunication, media & entertainment, government, e-commerce and retail, logistics, pharmaceutical, manufacturing and others
Among all regions, metadata management market in North America is expected to dominate the global metadata management market due to the presence of prominent players specialized in metadata management in the region and ricing priority for collaborative business environment. In terms of revenue, Asia-Pacific is identified as the fastest growing network forensics market, due to expanding enterprise and continuous adaptation to business intelligence and analytics solutions by organizations across various industries.
Some of the prominent players in the global enterprise metadata management market include Oracle, Informatica LLC., International Business Machines Corporation, Teradata, Collibra, Adaptive, Inc., Data Advantage Group, Cambridge Semantics, Talend, and MuleSoft, INC.
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