DATA GOVERNANCE MARKET ANALYSIS

Data Governance Market, By Application (Incident management, Process management, Compliance management, Risk management, Audit management, and Others), By Deployment (Cloud and On-premise), By Organization Size (Large-scale Business and Small- and Medium-scale Business),By Industry Vertical (Banking, Financial Services, and Insurance, Government and defense, Retail and consumer goods , Telecommunications and IT, Construction and engineering, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

In January 2024, Databricks launched the Data Intelligence Platform for Communications, catering to network service providers and telecommunication carriers. This platform integrates data governance, data sharing, and data management with generative AI and Machine Learning (ML) tools.
In June 2023, Oracle unveiled plans to develop potent, generative AI services in collaboration with Cohere, a leading AI platform for enterprise. These native generative AI services aim to automate end-to-end business processes, improve decision-making, and enhance customer experiences on a global scale.
In November 2022, at Data Citizens '22, Collibra revealed a series of innovations, including new capabilities for Collibra Data Intelligence Cloud that enhance search, collaboration, business process automation, and analytics. Additionally, new products were introduced to support customers with data access governance and data quality and observability in the cloud.
Furthermore, China maintains its global leadership in 5G adoption, with the number of 5G base stations surpassing 2.3 million by the end of 2022, including approximately 887,000 built during that year. As per GSMA, the country is anticipated to achieve 1 billion 5G connections by 2025, solidifying its position as the first market to reach this significant milestone.