Data governance is the process of managing the availability, integrity and security of the data in enterprise systems, based on internal data standards and policies that also control data usage. Effective data governance helps in ensuring that the data is consistent and trustworthy and that it doesn’t get misused.
As of 2021 the Data Governance Market was valued at US$ 2.06 Billion and is expected to exhibit a CAGR of 21.2% during the years (2022-2030)
Market Leaders in the Data Governance Industry:
1) Microsoft Corporation
Microsoft Corporation is a multinational technology corporation based in America. Some of the best known products by the company are Internet Explorer, Microsoft Office Suite, and Operating Systems. In terms of revenue Microsoft ranked 21 in the Fortune 500 in 2020. The company was founded in April 4 by Bill Gates and Paul Allen and the headquarters are located in One Microsoft Way Redmond, Washington, U.S.
In January 2022, Microsoft announced, it had acquired Activision Blizzard, an American video game developer company for US$ 68.7. In January 2023, Microsoft made a multi-billion dollar investment deal with OpenAI, ChatGPT developer.
2) IBM Corporation
IBM Corporation (International Business Machines Corporation) is a multinational technology corporation that specializes in computer hardware, consulting services, nanotechnology etc. The company was founded in the year 1911 and the headquarters are located in Armonk, New York, U.S. the company was founded by Herman Hollerith, Charles Ranlett Flint, and Thomas J. Watson, Sr.
3) TIBCO Software Inc.
TIBCO Software Inc. is a software industry that is known to manufacture business intelligence tool Data visualization tool and Analytics and big data tools. The company was founded in the year 1997 and the headquarters are located in Stanford Research Park Palo Alto, California, U.S. The company was founded by Vivek Ranadive.
In October 2020, TIBCO completed the acquisition of information Builders, Inc, a data and analytics company situated in New York City.
4) ORACLE Corporation
ORACLE Corporation is a multinational technology corporation that sells database software and technology, cloud engineered systems, human capital management, enterprise software products. The company was founded in the year 1977, and the headquarters are located in Austin, Texas, U.S. the company was founded by Larry Ellison, Bob Miner, Ed Oates.
In June 2022, Oracle completed the acquisition of Cerner, a health information technology company for US$ 28.3 Billion. In February 2023, Oracle announced its plans of investing US$ 1.5 Billion in Kingdom of Saudi Arabia as a part of the on-going tech investment in the country.
5) Varonis Systems
Varonis systems is a software company that develops a security systems allowing organizations to visualize and analyze unstructured data. The company was founded in the year 2005 and the headquarters are located in New York City, U.S. the company was founded by Yaki Faitelson and Ohad Korkus.
6) SAP SE
SAP SE is a multinational software company in Germany. The company is the world’s leading enterprise resource planning software vendor. SAP SE is the second largest German company by market capitalization. The company was founded in the year 1972 and the headquarters are located in Walldorf, Baden-Wurttemberg, Germany. The company was founded by Dietmar Hopp, Hand Werner Hector, Hasso Plattner, Klaus Tschira, Claus Wellenreuther
In 2021 SAP SE completed the acquisition of AppGyver, a no-code development platform. In January 2022, SAP acquired Taulia, a company that provides working capital management.
