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TABLE OF CONTENTS
1 INTRODUCTION ........................................................................................................ 32
1.1 OBJECTIVES OF STUDY ..................................................................................................................32
1.2 MARKET DEFINITION .....................................................................................................................32
1.2.1 INCLUSIONS AND EXCLUSIONS ...................................................................................... 33
1.3 MARKET SCOPE............................................................................................................................33
1.3.1 MARKET SEGMENTATION................................................................................................ 33
1.3.2 YEARS CONSIDERED FOR STUDY .................................................................................... 34
1.4 CURRENCY CONSIDERED .............................................................................................................34
1.5 STAKEHOLDERS ...........................................................................................................................34
1.6 SUMMARY OF CHANGES...............................................................................................................35
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5.2.2 RESTRAINTS................................................................................................................... 53
5.2.2.1 Data security concerns ...................................................................................... 53
5.2.3 OPPORTUNITIES ............................................................................................................. 54
5.2.3.1 Incorporation of new technologies with master data management ...................... 54
5.2.3.2 Trend towards multi-domain master data management ...................................... 54
5.2.4 CHALLENGES ................................................................................................................. 54
5.2.4.1 Diversified data regulations and legislation across different verticals
and regions ....................................................................................................... 54
5.2.4.2 Network slowdown due to COVID-19 pandemic to impact the master
data management market significantly .............................................................. 55
5.2.5 CUMULATIVE GROWTH ANALYSIS ................................................................................... 55
5.3 MASTER DATA MANAGEMENT: EVOLUTION ....................................................................................56
5.4 CASE STUDIES .............................................................................................................................57
5.4.1 BANKING, FINANCIAL SERVICES, AND INSURANCE ......................................................... 57
5.4.1.1 Use Case 1: Raiffeisen Bank used Ataccama ONE to power its
operations, prevent fraud, and facilitate regulatory compliance .......................... 57
5.4.2 INFORMATION TECHNOLOGY AND TELECOMMUNICATION ............................................... 57
5.4.2.1 Use Case 2: Avast used Ataccama ONE to improve its customer
experience and ensure compliance with data privacy .......................................... 57
5.4.3 RETAIL AND CONSUMER GOODS .................................................................................... 58
5.4.3.1 Use Case 3: 1-800-Flowers.com used IBM InfoSphere Master Data
Management to assist customers find right gifts ................................................. 58
5.4.4 GOVERNMENT AND DEFENSE ......................................................................................... 58
5.4.4.1 Use Case 4: CAK used TIBCO MDM to better interact with citizens of
Holland and other governmental agencies .......................................................... 58
5.4.5 MANUFACTURING .......................................................................................................... 59
5.4.5.1 Use Case 5: Goya Foods used TIBCO MDM to enhance quality of data
on its products .................................................................................................. 59
5.4.6 HEALTHCARE.................................................................................................................. 59
5.4.6.1 Use Case 6: Hackensack Meridian used Informatica MDM to manage
complex soils of data ......................................................................................... 59
5.4.7 ENERGY AND UTILITIES ................................................................................................... 60
5.4.7.1 Use Case 7: Fjordkraft used Informatica Master Data Management to
consolidate, deduplicate, and master customer data ......................................... 60
5.5 TECHNOLOGY ANALYSIS ...............................................................................................................60
5.5.1 AI, ML, AND MASTER DATA MANAGEMENT ...................................................................... 61
5.5.2 CLOUD COMPUTING AND MASTER DATA MANAGEMENT .................................................. 61
5.5.3 BIG DATA & ANALYTICS AND MASTER DATA MANAGEMENT ............................................. 61
5.6 PORTER’S FIVE FORCES ANALYSIS ................................................................................................62
5.6.1 THREAT FROM NEW ENTRANTS ....................................................................................... 63
5.6.2 THREAT FROM SUBSTITUTES .......................................................................................... 63
5.6.3 BARGAINING POWER OF SUPPLIERS .............................................................................. 63
5.6.4 BARGAINING POWER OF BUYERS ................................................................................... 63
5.6.5 INTENSITY OF COMPETITIVE RIVALRY .............................................................................. 64
5.7 SUPPLY/VALUE CHAIN ANALYSIS..................................................................................................64
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LIST OF TABLES
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TABLE 209 MIDDLE EAST & AFRICA: MASTER DATA MANAGEMENT MARKET,
BY ORGANIZATION SIZE, 2016–2021 (USD MILLION) 158
TABLE 210 MIDDLE EAST & AFRICA: MASTER DATA MANAGEMENT MARKET,
BY ORGANIZATION SIZE, 2022–2027 (USD MILLION) 158
TABLE 211 MIDDLE EAST & AFRICA: MASTER DATA MANAGEMENT MARKET, BY DEPLOYMENT
TYPE, 2016–2021 (USD MILLION) 159
TABLE 212 MIDDLE EAST & AFRICA: MASTER DATA MANAGEMENT MARKET, BY DEPLOYMENT
TYPE, 2022–2027 (USD MILLION) 159
TABLE 213 MIDDLE EAST & AFRICA: MASTER DATA MANAGEMENT MARKET, BY VERTICAL,
2016–2021 (USD MILLION) 159
TABLE 214 MIDDLE EAST & AFRICA: MASTER DATA MANAGEMENT MARKET, BY VERTICAL,
2022–2027 (USD MILLION) 160
TABLE 215 MIDDLE EAST & AFRICA: MASTER DATA MANAGEMENT MARKET, BY COUNTRY,
2016–2021 (USD MILLION) 160
TABLE 216 MIDDLE EAST & AFRICA: MASTER DATA MANAGEMENT MARKET, BY COUNTRY,
2022–2027 (USD MILLION) 160
TABLE 217 KINGDOM OF SAUDI ARABIA: MASTER DATA MANAGEMENT MARKET,
BY COMPONENT, 2016–2021 (USD MILLION) 161
TABLE 218 KINGDOM OF SAUDI ARABIA: MASTER DATA MANAGEMENT MARKET,
BY COMPONENT, 2022–2027 (USD MILLION) 161
TABLE 219 KINGDOM OF SAUDI ARABIA: MASTER DATA MANAGEMENT MARKET,
BY DEPLOYMENT TYPE, 2016–2021 (USD MILLION) 161
TABLE 220 KINGDOM OF SAUDI ARABIA: MASTER DATA MANAGEMENT MARKET,
BY DEPLOYMENT TYPE, 2022–2027 (USD MILLION) 162
TABLE 221 KINGDOM OF SAUDI ARABIA: MASTER DATA MANAGEMENT MARKET,
BY ORGANIZATION SIZE, 2016–2021 (USD MILLION) 162
TABLE 222 KINGDOM OF SAUDI ARABIA: MASTER DATA MANAGEMENT MARKET,
BY ORGANIZATION SIZE, 2022–2027 (USD MILLION) 162
TABLE 223 UNITED ARAB EMIRATES: MASTER DATA MANAGEMENT MARKET, BY COMPONENT,
2016–2021 (USD MILLION) 162
TABLE 224 UNITED ARAB EMIRATES: MASTER DATA MANAGEMENT MARKET, BY COMPONENT,
2022–2027 (USD MILLION) 163
TABLE 225 UNITED ARAB EMIRATES: MASTER DATA MANAGEMENT MARKET,
BY DEPLOYMENT TYPE, 2016–2021 (USD MILLION) 163
TABLE 226 UNITED ARAB EMIRATES: MASTER DATA MANAGEMENT MARKET,
BY DEPLOYMENT TYPE, 2022–2027 (USD MILLION) 163
TABLE 227 UNITED ARAB EMIRATES: MASTER DATA MANAGEMENT MARKET,
BY ORGANIZATION SIZE, 2016–2021 (USD MILLION) 163
TABLE 228 UNITED ARAB EMIRATES: MASTER DATA MANAGEMENT MARKET,
BY ORGANIZATION SIZE, 2022–2027 (USD MILLION) 164
TABLE 229 QATAR: MASTER DATA MANAGEMENT MARKET, BY COMPONENT,
2016–2021 (USD MILLION) 164
TABLE 230 QATAR: MASTER DATA MANAGEMENT MARKET, BY COMPONENT,
2022–2027 (USD MILLION) 164
TABLE 231 QATAR: MASTER DATA MANAGEMENT MARKET, BY DEPLOYMENT TYPE,
2016–2021 (USD MILLION) 165
TABLE 232 QATAR: MASTER DATA MANAGEMENT MARKET, BY DEPLOYMENT TYPE,
2022–2027 (USD MILLION) 165
TABLE 233 QATAR: MASTER DATA MANAGEMENT MARKET, BY ORGANIZATION SIZE,
2016–2021 (USD MILLION) 165
TABLE 234 QATAR: MASTER DATA MANAGEMENT MARKET, BY ORGANIZATION SIZE,
2022–2027 (USD MILLION) 165
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LIST OF FIGURES
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LIST OF ABBREVIATIONS
AI Artificial Intelligence
BI Business Intelligence
BT Business Technology
BU Business Unit
CE Covered Entity
DaaS Database-as-a-Service
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EU European Union
FY Financial Year
GB GigaBytes
GE General Electric
GLB Gramm–Leach–Bliley
HR Human Resource
IaaS Infrastructure-as-a-Service
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IT Information Technology
M2M Machine-to-Machine
MD Managing Director
ML Machine Learning
MnM MarketsandMarkets
PB PetaBytes
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RI Raiffeisen International
SaaS Software-as-a-Service
SOX Sarbanes-Oxley
TB TeraBytes
UX User experience
VP Vice President
XM Experience Management
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1 INTRODUCTION
BUSINESS INTELLIGENCE
◼ To determine and forecast the size of the Master Data Management (MDM) market based on
component, deployment type, organization size, data type, vertical, and region during the
forecast period
◼ To analyze various macroeconomic and microeconomic factors that affect the growth of the
MDM market across the globe
◼ To forecast the size of the market and its segments with respect to 5 main regions, namely,
North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and Latin America
◼ To analyze each core micromarket1 with respect to individual growth trends, prospects, and
contribution to the overall MDM market
◼ To provide detailed information about major factors such as drivers, restraints, opportunities,
and challenges influencing the growth of the market across the globe
COMPETITIVE INTELLIGENCE
◼ To profile key players operating in the MDM market and comprehensively analyze their market
size and core competencies2 in the market
◼ To analyze competitive developments such as acquisitions; new product launches/product
enhancements; partnerships, agreements, and collaborations; expansions; and Research &
Development (R&D) activities in the market
-------------------------------------
1. Micromarkets are defined as the further segments and subsegments of the global master data management market included in the report
2. Core competencies of the companies have been captured in terms of their key developments, key observations, and key strategies adopted by them to sustain
their positions in the market
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NETWORK
MASTER SECURITYMARKET
DATA MANAGEMENT
FIREWALL MARKET
BY COMPONENT BY DEPLOYMENT TYPE BY ORGANIZATION SIZE
▪ Solutions ▪ Cloud ▪ Large Enterprises
▪ Services ▪ On-premises ▪ SMEs
BY VERTICAL BY REGION
▪ BFSI ▪ North America (US, Canada)
▪ Government ▪ Europe (UK, Germany, France, Rest of Europe)
▪ Retail ▪ Asia Pacific (China, Japan, India, Singapore,
▪ IT & Telecom Rest of Asia Pacific)
▪ Manufacturing ▪ Middle East & Africa (KSA, UAE, Qatar, South Africa,
▪ Energy & Utilities Rest of Middle East & Africa)
▪ Healthcare ▪ Latin America (Brazil, Mexico, Rest of Latin America)
▪ Other Verticals
Note1: Others includes education, aerospace & defense, travel & hospitality, transportation & logistics, and media & entertainment
Note 2: Rest of Europe includes the Netherlands and Spain
Note 3: Rest of Asia Pacific includes Australia and New Zealand (ANZ), and South Korea
Note 4: Rest of Middle East & Africa includes Kuwait, Bahrain, and Egypt
Note 5: Rest of Latin America includes Chile, Argentina, and Colombia
Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis
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2022
2021
2020
◼ For companies that reported their revenues in USD, the revenue figures were sourced from their
annual reports.
◼ For companies that reported their revenues in other currencies, the average annual currency
conversion factor was used for that year to convert the value to USD.
1.5 STAKEHOLDERS
◼ MDM Platform Vendors
◼ Information Technology (IT) Developers
◼ MDM Consulting Services Providers
◼ MDM Solution Vendors
◼ IT Infrastructure Equipment Providers
◼ System Integrators
◼ Distributors and Resellers of MDM Solution
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2 RESEARCH METHODOLOGY
▪ NEW PRODUCT LAUNCHES: More than 20 new product launched during 2018–2022
▪ MERGERS AND ACQUISITIONS: More than 15 mergers and acquisitions carried out
during the studied period
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Secondary research was mainly used to obtain key information about the supply chain of the market, the
total pool of key players, market classification, and segmentation according to industry trends to the
bottommost level, regional markets, and key developments from both, market and technology-oriented
perspectives that were further validated by primary sources.
5%
23% 20% 10%
34% 30%
50%
25%
30%
43% 30%
Note: Others include sales managers, marketing managers, and product managers
Note: Tier 1 company – recorded overall annual revenues of more than USD 10 billion of overall revenues;
Tier 2 company - USD 1 –10 billion; and Tier 3 company –USD 500 million – 1 billion
Source: Industry Experts and MarketsandMarkets Analysis
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“ Increasing use of data quality tools for data management in organizations and rising
requirement for adhering with data compliance regulations are expected to fuel the
growth of the master data management market across the globe.
North America is expected to lead the master data management market in 2018.
- Marketing Director,
A Leading Master Data Management Provider
Asia Pacific is projected to be a lucrative market for master data management solutions in
the near future. “
- Sales Director,
A Leading Master Data Management Software Provider
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Revenue of companies from the sale of MDM solutions Revenue of companies from the sale of MDM services
65%–75% 25%–35%
A B
Note: Key companies should contribute more than 50% of the total market
Source: MarketsandMarkets Analysis
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In this approach for market estimation, the key MDM solution and services vendors, such as IBM (US),
Oracle (US), SAP (Germany), SAS (US), TIBCO Software (US), Informatica (US), Talend (US), Cloudera (US),
Riversand (US), Syn Force (US), Stibo Systems (Denmark), Profisee Group (US), Reltio (US), Semarchy (US),
Broadcom (US), Ataccama (Canada), AWS (US), Teradata (US), Mindtree (US), Magnitude Software (US),
Contentserv (Switzerland ), Veeva (US), Qlik (US), HPE (US), GoldenSource (US), Salesforce (US), Micro
Focus (UK), Zaloni (US), Winshuttle (US), and Actian (Indonesia) contribute almost 60-65% to the global
MDM market. After confirming these companies through primary interviews with industry experts, their
total revenue through annual reports, Securities and Exchange Commission (SEC) filings, and paid
databases was estimated. These companies’ revenue pertaining to the Business Units (BUs) that offer
MDM solution was identified through similar sources. Then through primaries, the data of revenue
generated was collected through specific MDM solution. The collective revenue of key companies that offer
MDM solution comprises 60%–65% of the market, which was again confirmed through primary interviews
with industry experts. With the assumption that the rest of the market is contributed by smaller players
(part of the unorganized market), the market size of organized players (55%–60%) and unorganized
players (40%–45%) collectively was assumed to be the market size of the global MDM market for Financial
Year (FY) 2022.
Market Share
60%-65%
USD~6-7.5
Billion Solutions Services
Market Share
45%-50%
Total revenue
generated from no. No. of licenses sold No. of licenses sold
of licenses sold
Top-down and bottom-up approaches were used to estimate and validate the size of the global MDM
market and various other dependent subsegments. The research methodology used to estimate the
market size included the following details: the key players not limited to IBM (US), Oracle (US), SAP
(Germany), SAS (US), TIBCO Software (US), Informatica (US), Talend (US), Cloudera (US), Riversand (US),
Syn Force (US), Stibo Systems (Denmark), Profisee Group (US), Reltio (US), Semarchy (US), Broadcom (US),
Ataccama (Canada), AWS (US), Teradata (US), Mindtree (US), Magnitude Software (US), Contentserv
(Switzerland ), Veeva (US), Qlik (US), HPE (US), GoldenSource (US), Salesforce (US), Micro Focus (UK),
Zaloni (US), Winshuttle (US), and Actian (Indonesia) in the market were identified through extensive
secondary research, and their revenue contribution in the respective regions was determined through
primary and secondary research. The entire procedure included the study of the annual and financial
reports of top market players and extensive interviews for key insights from industry leaders, such as CEOs,
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VPs, directors, and marketing executives. All percentage splits and breakups were determined using
secondary sources and verified through primary sources.
RECENT DEVELOPMENTS
Step 1: Build a laundry list of major players in the ecosystem
Step 4:
COMPANY1 COMPANY2 ... COMPANYN REGULATIONS Aggregate
spending by use
Step 2: Analyze product and services portfolios of each MERGERS AND cases and
player and their contribution toward the market ACQUISITIONS extrapolate to
regional markets
Step 3: Identify company BUs under which Step 3: For each use case, evaluate
MNM KS USED FOR
the product segments fall and analyze GOVERNMENT INITIATIVES the vertical spending on
AND VALIDATION
REFERENCE/VALIDATION
Based on these numbers, the regional split was determined by primary and secondary sources. The
procedure included an analysis of the regional penetration of the MDM market. Based on secondary
research, the regional spending on artificial intelligence and Information and Communications Technology
(ICT), the socioeconomic analysis of each country, strategic vendor analysis of the major providers of MDM
software, and organic and inorganic business development activities undertaken by regional and global
players were analyzed. With the data triangulation procedure and validation of data through primaries, the
exact values of sizes of the MDM market and its segments were determined and confirmed in this study.
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There are various regulations in the MDM market but only a few have an
Regulations effect on the market. Thus, the regulation factor indirectly impacts the Medium
growth of the MDM market.
R&D expenses by top players in the last 3 years: The share of R&D
R&D Expenses expenses in the MDM market was assumed to be less than 2% of the Low
actual revenue.
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