Data Governance Market Analysis, Evolving Opportunities Studied For The Period Forecast 2022-2031
“Market Overview:
Global Data Governance Market is valued approximately USD 1.3 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 22.0 % over the forecast period . Data governance is a control system that keeps a check on data access by automated processes encounters exact standards. These govern the data quality against production data and communicate the inaccuracies in the operation to the worker to solve the problem. It states management of accessibility, safety and usability of the data employed in the enterprise. Further, rapid growth in data volumes, increasing regulatory and compliance mandates, and enhancing strategic risk management and decision-making with the increasing business collaborations has led the adoption of Data Governance across the forecast period. However, High costs to establish Data governance solutions has hindered the growth of the market.
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The regional analysis of global Data Governance market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the early adoption of technologies and the presence of many data governance solution providers in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as increasing digitalization and investment in infrastructure upgrades have led to higher adoption of data governance and data management solutions. The region is also witnessing increasing demand for cloud-based solutions, owing to the growing size of SMEs which would create lucrative growth prospects for the Data Governance market across Asia-Pacific region.
Major market player included in this report are:
Alation (US)
Ataccama (Canada)
Collibra (Belgium)
DATUM LLC (US)
Data Advantage Group (US)
Denodo Technologies (US)
Erwin, Inc. (US)
Global Data Excellence (Switzerland)
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