October 17TH,2022/IndustryNewsGlobal/ -- This new report from Stratview Research analyses the master data management market over the trend period from 2014 to 2019 and forecast period from 2022 to 2026. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
master data management market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the master data management market is no different. Derived from the previous market scenario, the master data management market is likely to witness an impressive CAGR of 16.5% during the forecast period but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
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The master data management market is segmented by–
By region, the Asia Pacific market held a significant market share in 2020 and is projected to grow at a robust CAGR in the coming years. Growing awareness regarding the rise in business productivity, complemented with competently designed MDM solutions provided by vendors in the highly potential regional market. Also, extensive facilities for the deployment & management of master data applications at economical costs, further bolsters the regional market growth during the review period.
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
The Master Data Management market is projected to grow from USD 11.5 billion in 2020 to USD 28.4 billion by 2026 at a CAGR of over 16.5% during the forecast period.
The target audience of Master Data Management Market includes Master Data Management companies, Master Data Management distributors, BFSI companies, Government organizations.