TABLE OF CONTENTS
1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 MARKET SEGMENTATION 16
1.3.2 REGIONAL SCOPE 17
1.4 YEARS CONSIDERED FOR THE STUDY 17
1.5 CURRENCY 17
1.6 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 20
2.1.2 PRIMARY DATA 20
2.1.2.1 Breakup of primaries 20
2.1.2.2 Key industry insights 21
2.2 DATA TRIANGULATION 21
2.3 MARKET SIZE ESTIMATION 22
2.3.1 TOP-DOWN APPROACH 22
2.3.2 BOTTOM-UP APPROACH 23
2.4 MARKET FORECAST 23
2.5 RESEARCH ASSUMPTIONS 24
2.6 LIMITATIONS 24
3 EXECUTIVE SUMMARY 25
4 PREMIUM INSIGHTS 28
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE MASTER DATA MANAGEMENT MARKET 28
4.2 MASTER DATA MANAGEMENT MARKET SIZE, BY COMPONENT, 2018 28
4.3 MASTER DATA MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2023 29
4.4 MASTER DATA MANAGEMENT MARKET SIZE, BY VERTICAL, 2018–2023 29
4.5 MARKET INVESTMENT SCENARIO 30
5 MARKET OVERVIEW AND INDUSTRY TRENDS 31
5.1 MARKET DYNAMICS 31
5.1.1 DRIVERS 32
5.1.1.1 Increase in the use of data quality tools for data management 32
5.1.1.2 Rising need for compliance 32
5.1.2 RESTRAINTS 32
5.1.2.1 Data security concerns 32
5.1.3 OPPORTUNITIES 33
5.1.3.1 Incorporation of new technologies with master data management 33
5.1.3.2 Trend towards multi-domain master data management 33
5.1.4 CHALLENGES 33
5.1.4.1 Diversified data regulations and legislation across different verticals and regions 33
5.2 INDUSTRY TRENDS 34
5.2.1 INTRODUCTION 34
5.2.2 EVOLUTION 34
5.2.3 CASE STUDIES/USE CASES 34
5.2.3.1 Case study 1: London Borough of Camden: InfoSphere Master Data Management enables increase in operational efficiency, fraud detection, and improved service levels 34
5.2.3.2 Case study 2: SunGard Financial Systems: TIBCO MDM platform provides reliable customer information due to better reporting and decision making 35
5.2.3.3 Case study 3: PartsSource: Less time needed to launch new products, from 2 hours to 2 minutes with Informatica MDM 35
5.2.3.4 Case study 4: Shoppers Stop: Benefited from omnichannel potential with Riversand MDM 35
5.2.3.5 Case study 5: Carhartt: Talend Master Data Management and Data Quality solution delivers a real-time integrated system and consolidated consumer data 36
6 MASTER DATA MANAGEMENT MARKET, BY COMPONENT 37
6.1 INTRODUCTION 38
6.2 SOLUTIONS 39
6.2.1 INCREASED DEMAND FOR DATA INTEGRATION & MIGRATION AND DATA GOVERNANCE SOLUTIONS FROM ENTERPRISES IS DRIVING THE SOLUTIONS SEGMENT 39
6.3 SERVICES 40
6.3.1 INCREASING NEED TO ENHANCE CUSTOMER EXPERIENCE IS DRIVING THE SERVICES SEGMENT 40
6.3.2 CONSULTING SERVICES 40
6.3.3 INTEGRATION SERVICES 40
6.3.4 TRAINING & SUPPORT SERVICES 41
7 MASTER DATA MANAGEMENT MARKET, BY DATA TYPE 42
7.1 INTRODUCTION 42
7.2 CUSTOMER DATA 42
7.3 PRODUCT DATA 42
7.4 SUPPLIER DATA 42
7.5 LOCATION DATA 43
7.6 ASSET DATA 43
8 MASTER DATA MANAGEMENT MARKET, BY DEPLOYMENT TYPE 44
8.1 INTRODUCTION 45
8.2 CLOUD 46
8.2.1 NEED TO CUT DOWN TOTAL COST OF OWNERSHIP IS DRIVING THE CLOUD SEGMENT 46
8.3 ON-PREMISES 47
8.3.1 TOTAL CONTROL OVER SECURITY AND PRIVACY OF ENTERPRISE MASTER DATA IS DRIVING THE ON-PREMISES SEGMENT 47
9 MASTER DATA MANAGEMENT MARKET, BY ORGANIZATION SIZE 48
9.1 INTRODUCTION 49
9.2 SMES 50
9.2.1 NEED FOR COST-EFFECTIVE MANAGEMENT SOLUTIONS TO REDUCE OPERATIONAL COSTS IS EXPECTED TO DRIVE THE SMES SEGMENT 50
9.3 LARGE ENTERPRISES 50
9.3.1 RAPIDLY GROWING STRUCTURED AND UNSTRUCTURED DATA IS DRIVING THE ADOPTION OF MASTER DATA MANAGEMENT SOLUTIONS IN LARGE ENTERPRISES 50
10 MASTER DATA MANAGEMENT MARKET, BY VERTICAL 52
10.1 INTRODUCTION 53
10.2 BFSI 54
10.2.1 IMPROVES CUSTOMER SERVICE TO ENHANCE KNOW YOUR CUSTOMER (KYC) CAPABILITIES 54
10.3 GOVERNMENT 55
10.3.1 NEED TO MANAGE FRAGMENTED CRITICAL DATA FROM HETEROGENEOUS SYSTEMS PROPELS DEMAND FOR MASTER DATA MANAGEMENT SOLUTIONS 55
10.4 RETAIL 56
10.4.1 MANAGEMENT OF DIVERSE PRODUCTS & ITEMS ACROSS MULTIPLE DEPARTMENTS, PORTFOLIOS, AND PRICE RANGES DRIVES MARKET GROWTH 56
10.5 IT AND TELECOM 57
10.5.1 ENABLES CONSOLIDATION OF INFORMATION INTO A SINGLE REFERENCE FRAME AND CENTRALIZATION OF DIFFERENT SERVICES THROUGH MASTER DATA MANAGEMENT SOLUTIONS 57
10.6 MANUFACTURING 58
10.6.1 MASTER DATA MANAGEMENT SOLUTIONS ENABLE MANUFACTURERS TO MANAGE PRODUCTS, INVENTORIES, AND ASSETS ACROSS ALL CHANNELS 58
10.7 ENERGY AND UTILITIES 59
10.7.1 ENERGY INDUSTRY BUSINESS SPREAD ACROSS DIFFERENT GEOGRAPHIES AND APPLICATIONS DRIVES THE ADOPTION OF MASTER DATA MANAGEMENT SOLUTIONS 59
10.8 HEALTHCARE 60
10.8.1 HIGHLY REGULATED HEALTHCARE INDUSTRY OBTAINS CONSOLIDATED DATA INSIGHTS AND QUALITY THROUGH MASTER DATA MANAGEMENT SOLUTIONS 60
10.9 OTHERS 60
11 MASTER DATA MANAGEMENT MARKET ANALYSIS: BY REGION 62
11.1 INTRODUCTION 63
11.2 NORTH AMERICA 65
11.2.1 US 66
11.2.1.1 Presence of leading global players is one of the factors driving the US master data management market 66
11.2.2 CANADA 66
11.2.2.1 Rising adoption of data compliance practices is driving the growth of master data management market in Canada 66
11.3 EUROPE 68
11.3.1 UK 69
11.3.1.1 Strategic partnerships and supportive government mandates to drive business models in data-driven industries 69
11.3.2 GERMANY 69
11.3.2.1 Emergence of Industry 4.0 is supporting market growth in Germany 69
11.3.3 FRANCE 70
11.3.3.1 Significant AI and Big Data investments are expected to spur market growth in France 70
11.3.4 REST OF EUROPE 70
11.4 ASIA PACIFIC 72
11.4.1 JAPAN 73
11.4.1.1 Rising need to handle large volumes of data supporting the adoption of master data management solutions in Japan 73
11.4.2 CHINA 73
11.4.2.1 Increasing digitalization is helping market growth in China 73
11.4.3 INDIA 74
11.4.3.1 Increasing adoption of big data analytics and growing eCommerce industry is fueling market growth in India 74
11.4.4 SINGAPORE 74
11.4.4.1 Presence of leading ICT multinationals is expected to support market growth in Singapore 74
11.4.5 REST OF ASIA PACIFIC 74
11.5 MIDDLE EAST & AFRICA (MEA) 76
11.5.1 MIDDLE EAST 77
11.5.1.1 UAE, Qatar, and Saudi Arabia are expected to witness higher adoption of data management solutions 77
11.5.2 AFRICA 77
11.5.2.1 Supportive government initiatives are expected to drive market growth in African countries 77
11.6 LATIN AMERICA 79
11.6.1 MEXICO 80
11.6.1.1 Rising awareness about master data management solutions is expected to drive growth of the market in Mexico 80
11.6.2 BRAZIL 80
11.6.2.1 Adoption of big data and analytics expected to provide growth opportunities for the master data management market in Brazil 80
11.6.3 REST OF LATIN AMERICA 81
12 COMPETITIVE LANDSCAPE 83
12.1 MICROQUADRANT OVERVIEW 83
12.1.1 VISIONARY LEADERS 83
12.1.2 INNOVATORS 83
12.1.3 DYNAMIC 83
12.1.4 EMERGING 83
12.2 MARKET RANKING FOR THE MASTER DATA MANAGEMENT MARKET, 2018 84
12.3 COMPETITIVE BENCHMARKING 86
12.3.1 PRODUCT OFFERINGS 86
12.3.2 BUSINESS STRATEGIES 87
13 COMPANY PROFILES 88
(Business Overview, Solutions & Services Offered, Recent Developments, SWOT Analysis, and MNM View)*
13.1 IBM 88
13.2 SAP 91
13.3 ORACLE 94
13.4 SAS INSTITUTE 97
13.5 TERADATA 99
13.6 INFORMATICA 101
13.7 TALEND 103
13.8 TIBCO SOFTWARE 105
13.9 RIVERSAND 106
13.10 SYNCFORCE 107
13.11 PROFISEE GROUP 108
13.12 RELTIO 108
13.13 SEMARCHY 108
13.14 STIBO SYSTEMS 109
13.15 ENTERWORKS 109
*Details on Business Overview, Solutions & Services Offered, Recent Developments, SWOT Analysis, and MNM View might not be captured in case of unlisted companies.
14 APPENDIX 110
14.1 DISCUSSION GUIDE 110
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 113
14.3 AVAILABLE CUSTOMIZATIONS 115
14.4 RELATED REPORTS 115
14.5 AUTHOR DETAILS 116
TABLE 1 FACTOR ANALYSIS 23
TABLE 2 MASTER DATA MANAGEMENT MARKET SIZE, BY COMPONENT,
2016–2023 (USD MILLION) 38
TABLE 3 SOLUTIONS: MASTER DATA MANAGEMENT MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 39
TABLE 4 SERVICES: MASTER DATA MANAGEMENT MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 40
TABLE 5 MASTER DATA MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE,
2016-2023 (USD MILLION) 45
TABLE 6 CLOUD: MASTER DATA MANAGEMENT MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 46
TABLE 7 ON-PREMISES: MASTER DATA MANAGEMENT MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 47
TABLE 8 MASTER DATA MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE,
2016–2023 (USD MILLION) 49
TABLE 9 SMES: MASTER DATA MANAGEMENT MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 50
TABLE 10 LARGE ENTERPRISES: MASTER DATA MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 51
TABLE 11 MASTER DATA MANAGEMENT MARKET SIZE, BY VERTICAL,
2016–2023 (USD MILLION) 54
TABLE 12 BFSI: MASTER DATA MANAGEMENT MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 55
TABLE 13 GOVERNMENT: MASTER DATA MANAGEMENT MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 55
TABLE 14 RETAIL: MASTER DATA MANAGEMENT MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 56
TABLE 15 IT AND TELECOM: MASTER DATA MANAGEMENT MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 57
TABLE 16 MANUFACTURING: MASTER DATA MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 58
TABLE 17 ENERGY AND UTILITIES: MASTER DATA MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 59
TABLE 18 HEALTHCARE: MASTER DATA MANAGEMENT MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 60
TABLE 19 OTHER VERTICALS: MASTER DATA MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 61
TABLE 20 MASTER DATA MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 64
TABLE 21 NORTH AMERICA: MASTER DATA MANAGEMENT MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION) 66
TABLE 22 NORTH AMERICA: MASTER DATA MANAGEMENT MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION) 67
TABLE 23 NORTH AMERICA: MASTER DATA MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2023 (USD MILLION) 67
TABLE 24 NORTH AMERICA: MASTER DATA MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION) 67
TABLE 25 NORTH AMERICA: MASTER DATA MANAGEMENT MARKET SIZE, BY VERTICAL, 2016–2023 (USD MILLION) 68
TABLE 26 EUROPE: MASTER DATA MANAGEMENT MARKET SIZE, BY COUNTRY,
2016–2023 (USD MILLION) 69
TABLE 27 EUROPE: MASTER DATA MANAGEMENT MARKET SIZE, BY COMPONENT,
2016–2023 (USD MILLION) 70
TABLE 28 EUROPE: MASTER DATA MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2023 (USD MILLION) 70
TABLE 29 EUROPE: MASTER DATA MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION) 71
TABLE 30 EUROPE: MASTER DATA MANAGEMENT MARKET SIZE, BY VERTICAL,
2016–2023 (USD MILLION) 71
TABLE 31 ASIA PACIFIC: MASTER DATA MANAGEMENT MARKET SIZE, BY COUNTRY,
2016–2023 (USD MILLION) 73
TABLE 32 ASIA PACIFIC: MASTER DATA MANAGEMENT MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION) 74
TABLE 33 ASIA PACIFIC: MASTER DATA MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2023 (USD MILLION) 75
TABLE 34 ASIA PACIFIC: MASTER DATA MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION) 75
TABLE 35 ASIA PACIFIC: MASTER DATA MANAGEMENT MARKET SIZE, BY VERTICAL,
2016–2023 (USD MILLION) 76
TABLE 36 MIDDLE EAST & AFRICA: MASTER DATA MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 77
TABLE 37 MIDDLE EAST & AFRICA: MASTER DATA MANAGEMENT MARKET SIZE,
BY COMPONENT, 2016–2023 (USD MILLION) 77
TABLE 38 MIDDLE EAST & AFRICA: MASTER DATA MANAGEMENT MARKET SIZE,
BY DEPLOYMENT TYPE, 2016–2023 (USD MILLION) 78
TABLE 39 MIDDLE EAST & AFRICA: MASTER DATA MANAGEMENT MARKET SIZE,
BY ORGANIZATION SIZE, 2016–2023 (USD MILLION) 78
TABLE 40 MIDDLE EAST & AFRICA: MASTER DATA MANAGEMENT MARKET SIZE,
BY VERTICAL, 2016–2023 (USD MILLION) 79
TABLE 41 LATIN AMERICA: MASTER DATA MANAGEMENT MARKET SIZE, BY COUNTRY,
2016–2023 (USD MILLION) 80
TABLE 42 LATIN AMERICA: MASTER DATA MANAGEMENT MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION) 81
TABLE 43 LATIN AMERICA: MASTER DATA MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2023 (USD MILLION) 81
TABLE 44 LATIN AMERICA: MASTER DATA MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION) 82
TABLE 45 LATIN AMERICA: MASTER DATA MANAGEMENT MARKET SIZE, BY VERTICAL,
2016–2023 (USD MILLION) 82
LIST OF FIGURES
FIGURE 1 MASTER DATA MANAGEMENT MARKET: RESEARCH DESIGN 19
FIGURE 2 BREAKUP OF PROFILES OF PRIMARY PARTICIPANTS: BY COMPANY, DESIGNATION, AND REGION 20
FIGURE 3 MASTER DATA MANAGEMENT MARKET SIZE, 2016-2023 (USD BILLION) 26
FIGURE 4 MASTER DATA MANAGEMENT MARKET, BY FASTEST-GROWING SUBSEGMENTS, 2018-2023 26
FIGURE 5 MDM MARKET, BY REGION AND KEY COUNTRIES IN EACH REGION, 2018 27
FIGURE 6 RISING NEED FOR COMPLIANCE TO DRIVE THE MASTER DATA MANAGEMENT MARKET GROWTH DURING THE FORECAST PERIOD 28
FIGURE 7 SOLUTIONS SEGMENT IS ESTIMATED TO LEAD THE MARKET IN 2018 28
FIGURE 8 LARGE ENTERPRISES SEGMENT TO HOLD A LARGER MARKET SHARE DURING THE FORECAST PERIOD 29
FIGURE 9 BFSI SEGMENT TO LEAD THE MARKET DURING THE FORECAST PERIOD 29
FIGURE 10 MASTER DATA MANAGEMENT MARKET: MARKET INVESTMENT SCENARIO 30
FIGURE 11 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: MASTER DATA MANAGEMENT MARKET 31
FIGURE 12 EVOLUTION OF MASTER DATA MANAGEMENT MARKET 34
FIGURE 13 SERVICES SEGMENT IS EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD AS COMPARED TO THE SOLUTIONS SEGMENT 38
FIGURE 14 ON-PREMISES SEGMENT ESTIMATED TO LEAD MASTER DATA MANAGEMENT MARKET IN 2018 45
FIGURE 15 LARGE ENTERPRISES SEGMENT ESTIMATED TO DOMINATE MASTER DATA MANAGEMENT MARKET IN 2018 49
FIGURE 16 HEALTHCARE VERTICAL TO GROW AT THE HIGHEST CAGR DURING THE
FORECAST PERIOD 53
FIGURE 17 NORTH AMERICA IS PROJECTED TO LEAD MASTER DATA MANAGEMENT MARKET FROM 2018 TO 2023 63
FIGURE 18 ASIA PACIFIC PROJECTED TO GROW AT HIGHEST CAGR FROM 2018 TO 2023 64
FIGURE 19 NORTH AMERICA MARKET SNAPSHOT: BFSI SEGMENT LEADING VERTICAL IN 2018 65
FIGURE 20 ASIA PACIFIC MARKET SNAPSHOT: ON-PREMISES DEPLOYMENT TYPE SEGMENT LEADING MARKET DURING FORECAST PERIOD 72
FIGURE 21 MASTER DATA MANAGEMENT MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2018 84
FIGURE 22 MARKET RANKING, 2018 84
FIGURE 23 IBM: COMPANY SNAPSHOT 88
FIGURE 24 IBM: SWOT ANALYSIS 90
FIGURE 25 SAP: COMPANY SNAPSHOT 91
FIGURE 26 SAP: SWOT ANALYSIS 93
FIGURE 27 ORACLE: COMPANY SNAPSHOT 94
FIGURE 28 ORACLE: SWOT ANALYSIS 96
FIGURE 29 SAS INSTITUTE: COMPANY SNAPSHOT 97
FIGURE 30 SAS INSTITUTE: SWOT ANALYSIS 98
FIGURE 31 TERADATA: COMPANY SNAPSHOT 99
FIGURE 32 TERADATA: SWOT ANALYSIS 100
FIGURE 33 TALEND: COMPANY SNAPSHOT 103