Global Enterprise Data Management Market 2019-2023 | Data Explosion across Industries to Boost Demand | Technavio

Technavio analysts forecast the global enterprise data management (EDM) market to grow at a CAGR close to 12% during the forecast period, according to their latest market research report.

Technological development is one of the major trends being witnessed in the global enterprise data management market 2019-2023. The modern workforce is mobile as traditional workplaces are being replaced with mobile workplaces. Hence, the need for data collaboration is high. Enterprise social networks (ESNs) that provide workflow capabilities across social media are growing in scale and scope. They are expected to be natively bundled with EDM software solutions. The advent of cloud and social media collaboration is also expected to increase the demand for comprehensive and multifunctional EDM software solutions. The expectations from EDM software solutions are also evolving due to the use of advanced technologies such as loT and ML. Hence, file share and synchronization functions are expected to be bundled with EDM software solutions, which would allow organizations to use such data to achieve their end-goals. Thus, with such technological advances, the market is expected to register a positive outlook over the next few years.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to the growth of the global enterprise data management market is the data explosion across industries:

 Stay Updated To Save Money & Time. Join Our Free Newsletter 
. Indepth Analysis & Opinion       . Interviews      . Exclusive Reports  
. Free Digital Magazines      News & updates      . Event Invitations 
                     
& Much More Delivered To Your Inbox For Free.
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

 

Global enterprise data management market: Data explosion across industries

The volume of data generated by industries is increasing at a phenomenal pace. The global volume of data is approximately 2.50 zettabytes, and 2.10 exabytes of data are generated every day, 100 terabytes of data are uploaded on Facebook daily. Walmart handles more than one million transactions per hour and stores the data in its database. Most organizations capture and store financial and non-financial transactions. The digitization of organizations increases the complexity and diversity of data sets. The use of advanced and diverse machines and devices in business processes also makes the data diverse and complex. For instance, BFSI companies generate a large volume of data from digital transactions. The use of advanced technologies such as loT in industries is also increasing the volume of data. The use of EDM software solutions improves the processing and analysis of such data. Therefore, data explosion across industries will drive the growth of the global EDM market.

According to a senior analyst at Technavio, The volume of data generated is increasing owing to the rising adoption of ESN, ML, and loT by organizations. Using artificial intelligence and ML, smart systems can learn and accomplish tasks without the need to be programmed for every task. Advanced devices and sensors will eventually create native machine data for their own machine-to-machine communication and collaboration, which will boost the growth of the market.

Global enterprise data management market: Segmentation analysis

The global enterprise data management market research report provides market segmentation by end-user (BFSI, manufacturing, healthcare, retails, and others), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The Americas held the largest share of the market in 2018, accounting for close to 46% share, followed by the EMEA and APAC respectively. Although APAC held the smallest share of the market, it is expected to witness the maximum increase in its market share over the forecast period.

Looking for more information on this market? Request a free sample report

Technavios sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavios report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

 Stay Updated To Save Money & Time. Join Our Free Newsletter 
. Indepth Analysis & Opinion       . Interviews      . Exclusive Reports  
. Free Digital Magazines      News & updates      . Event Invitations 
                     
& Much More Delivered To Your Inbox For Free.
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

 
Close
Stay Updated To Save Money & Time. Join Our Free Newsletter. 
. Indepth Analysis & Opinion       Interviews          . Exclusive Reports 
. Free Digital Magazines        . News & updates        . Event Invitations
& Much More Delivered To Your Inbox For Free. 
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.
 
Close