MRRSE has added a new research report on the "Master Data Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024" to its collection.

1. Master Data Management Market - Industry Detailed Analysis
and Forecast by 2024
Report Description
As the amount of data generated by organizations multiples
rapidly, organizations can no longer afford to delay
investments in master data management solutions. This will

2. help the opportunity in the global master data management
market to spiral to US$37.97 bn by 2024, rising at a 27.25%
CAGR from 2016 to 2024. The market had a valuation of
US$4.35 bn in 2015. Consolidation among companies is
helping this market blaze ahead, says TMR.
In economies that are racing toward industrialization and
urbanization, the amount of data continues to rise
exponentially, making investments in product and customer
data management an imperative. TMR expects this factor to
act as a high-impact driver for the global master data
management market. This puts the Asia Pacific region at the
forefront of growth in the global MDM market. However, in

3. terms of revenue generation, traditional economies in North
America and Europe will still remain vital.
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Master Data Management Market in Asia Pacific on Cusp of
Unprecedented Growth
Though big data management and cloud adoption are
becoming critical to enterprises across the world, this trend
is particularly strong in North America. Companies in the
master data management market thus been quick in
introducing solutions master data management solutions that

4. will help clients enhance the value of big data and integrate
MDM solutions seamlessly with their overall cloud policy. A
similar trend is prevalent in Europe. Consequently, North
America and Europe dominated the global master data
management market in 2015, TMR finds.
The Asia Pacific master data management market is on the
cusp of unprecedented growth, the report further finds. This
will occur as a result of an increase in the spends on IT
infrastructure by enterprises operating in the region.
Moreover, with IoT sure to be a transformational force for
the overall IT industry here, the MDM market will be no
exception. The APAC MDM market will exhibit a 29.4% CAGR
from 2016 to 2024. TMR expects the Middle East and Latin

5. America to display moderate growth through the report’s
forecast period.
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Master Data Management Investments in BFSI Sector to
Remain Strong
TMR’s analysis shows that in 2015, the banking, financial
services, and insurance (BFSI) segment of the MDM market
had a valuation of US$890.94 mn. TMR’s projections show
that this segment will exhibit a very strong CAGR of 27.3%
between 2016 and 2024. In that year, the healthcare and

6. BFSI sectors collectively made up the largest share in the
worldwide MDM market as both of these sectors are governed
by stringent regulatory compliance mandates, which have
now extended to data management.
Companies in the master data management market cannot
afford to ignore the new opportunities that are arising in the
healthcare sector in developing economies. Databases
containing massive volumes of data about patients,
laboratories, clinical trials, and medicine suppliers call for
the urgent implementation of MDM solutions. Cloud-based
MDM solutions that can be integrated with existing electronic
health record (EHR) systems and health information systems
(HIS) are the way ahead in this space.

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http://www.mrrse.com/master-data-management-market
The competitive landscape of the market is expected to wear
a more consolidated look in the coming years with companies
such as IBM Global Business Services, Informatica, and Oracle
Corporation focus on mergers and partnerships to take the
emerging trend of multi-domain MDM head-on.
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