The data governance market is estimated to be valued at USD 3.96 billion in 2024 and is expected to reach USD 13.92 billion by 2031, growing at a compound annual growth rate (CAGR) of 19.7% from 2024 to 2031.
Report Description:
The data governance market has been witnessing significant growth over the past few years owing to the rising volumes of data being generated across organizations. With businesses increasingly recognizing data as a valuable asset, there has been growing awareness about effectively managing and deriving insights from data. This has propelled organizations to implement dedicated practices and technologies for governing how data is collected, stored, processed, and utilized. Data governance ensures the privacy and security of sensitive information while also enabling the consistent quality and accessibility of data to drive evidence-based decision making. With data poised to become more strategic for businesses, the data governance market is projected to grow substantially in the coming years.
Market Dynamics:
The data governance market is driven by factors such as regulatory pressures pertaining to data privacy and security, rising need for quality insights from growing volumes of organizational data, and increasing investments in data-driven business transformation initiatives. However, challenges including high initial costs, lack of expertise, and difficultly in cultural change management hinder the growth of this market. Meanwhile, emerging opportunities include the growing demand for cloud-based data governance solutions and integrated applications of technologies like artificial intelligence.
Key features of the study:
- This report provides an in-depth analysis of the global data governance market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year.
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global data governance market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Adobe Inc., Alation Inc., Amazon.com Inc., Ataccama Corporation, Collibra Inc., Data Advantage Group Inc., Datum LLC, Denodo Technologies, erwin Inc., Global Data Excellence SA, Global IDs Inc., Infogix Inc., Informatica LLC, Information Builders Inc., Infosys Limited, Innovative Routines International Inc., International Business Machines Corporation, Magnitude Software Inc., Micro Focus International plc, Microsoft Corporation, Oracle Corporation, Orchestra Networks Inc., Reltio Inc., SAP SE, SAS Institute Inc., Symantec Corporation, Syncsort Incorporated, Talend Inc., TIBCO Software Inc., TopQuadrant Inc., and Varonis Systems Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global data governance market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global data governance market.
Market Segmentation
- Application
- Incident management
- Process management
- Compliance management
- Risk management
- Audit management
- Others
- Deployment
- Organization Size
- Large-scale Business
- Small- and Medium-scale Business
- Industry Vertical
- Banking, Financial Services, and Insurance (BFSI)
- Government and defense
- Retail and consumer goods
- Telecommunications and IT
- Construction and engineering
- Others
- Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- Key Players Insights
- Adobe Inc.
- Alation Inc.
- Amazon.com Inc.
- Ataccama Corporation
- Collibra Inc.
- Data Advantage Group Inc.
- Datum LLC
- Denodo Technologies
- erwin Inc.
- Global Data Excellence SA
- Global IDs Inc.
- Infogix Inc.
- Informatica LLC
- Information Builders Inc.
- Infosys Limited
- Innovative Routines International Inc.
- International Business Machines Corporation
- Magnitude Software Inc.
- Micro Focus International plc
- Microsoft Corporation
- Oracle Corporation
- Orchestra Networks Inc.
- Reltio Inc.
- SAP SE
- SAS Institute Inc.
- Symantec Corporation
- Syncsort Incorporated
- Talend Inc.
- TIBCO Software Inc.
- TopQuadrant Inc.
- Varonis Systems Inc.
