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Data Governance Market: Expected to Reach $3.53 Billion by 2023, Growing at a CAGR of 22% - ResearchAndMarkets.com

[April 25, 2018]

Data Governance Market: Expected to Reach $3.53 Billion by 2023, Growing at a CAGR of 22% - ResearchAndMarkets.com

The "Data Governance Market by Application (Incident Management, Process Management, Compliance Management, Risk Management), Business Function, Component, Deployment Model, Organization Size, Industry Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The data governance market size is estimated to be USD 1.31 billion in 2018 and is expected to reach USD 3.53 billion by 2023, growing at a CAGR of 22% during the forecast period.

The rapidly increasing growth in data volumes, rising regulatory and compliance mandates, and enhancing strategic risk management and decision-making with the increasing business collaborations are expected to propel the growth of the data governance market.

Among various applications, the compliance management application segment is expected to grow at the fastest rate, due to the fact that compliance management applications enable organizations to test, remediate, attest, and manage their corporate structure.

The retail and eCommerce industry vertical is expected to grow at the highest CAGR during the forecast period, as it is creating large volumes of data which is ultimately driving the need for efficient data governance solutons in this industry vertical. The increasing demand for cross-border eCommerce and a high internet penetration in different regions are driving the retail and eCommerce industry vertical to adopt data governance technologies.

The Small and Medium-sized Enterprises (SMEs) segment is expected to achieve the fastest growth rate, primarily due to the surge in the adoption of customer data and product data applications across all regions.

Data governance solutions and services have become essential for the IT department of organizations, as it plays a vital role in improving the reliability, security, sustainability, and performance of organizations. The finance business function segment is expected to be the highest revenue generator during the forecast period.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview and Industry Trends

6 Data Governance Market, By Application

7 Data Governance Market, By Business Function

8 Market By Component

9 Market By Deployment Model

10 Data Governance Market, By Organization Size

11 Data Governance Market, By Industry Vertical