Enterprise Data Management Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to enterprise data management market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Enterprise Data Management Market News

  • In July 2024, Teradata unveiled a novel integration with DataRobot to allow consumers to create AI applications and models with AI capabilities of DataRobot in VantageCloud platform of Teradata. The alliance offers users with extended choice that they can improve applications and models with their preferred technologies. 
  • In June 2024, IBM and Telefónica Tech declared a fresh collaboration to fuel the installation of data governance solutions, analytics, and artificial intelligence and cater to the constantly evolving and changing needs of businesses. 
  • In February 2024, SAS Institute and Carahsoft Technology Corp. declared a fresh distribution agreement. With this agreement, Carahsoft will offer SAS Public Sector Distributor. This will increase the availability of the company’s data management solutions, AI, and data analytics to the government agencies of the U.S via various contract vehicles, reseller partners, and government schedules of Carahsoft.

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Enterprise Data Management Market size was valued at USD 102.28 Billion in 2023 and is poised to grow from USD 112 Billion in 2024 to USD 231.47 Billion by 2032, growing at a CAGR of 9.5% during the forecast period (2025-2032).

Key vendors in Enterprise Data Management Market are: 'IBM (US) ', 'SAS Institute (US) ', 'Teradata (US) ', 'Oracle (US) ', 'SAP SE (Germany) ', 'Talend (France) ', 'Symantec (US) ', 'Cloudera (US) ', 'Ataccama (Canada) ', 'Informatica (US) ', 'Mindtree (India) ', 'Qlik (US) ', 'Enterworks (US) ', 'MapR (US) ', 'Goldensource (US) ', 'AWS (US) ', 'MuleSoft (US) ', 'Micro Focus (UK) ', 'Zaloni (US) ', 'Actian (US)'.

The amplifying data volume produced from different sources like IoT devices, social media, and e-commerce, transaction systems, and mobile applications has exponentially increased. Businesses are demanding efficient and reliable enterprise data management solutions to store, capture, and analyze this data correctly. Businesses are also handling semi-structured, structured, and unstructured data, increasing the importance of improved data management tactics for handling data. 

Growing Demand for Cloud-Native Solutions: With growing inclination of businesses towards cloud, the demand for cloud-based data management solutions is considerably rising. These platforms offer flexibility, scalability, and cost-effectiveness enabling organizations to handle huge data quantities with no pressure of on-premises setup. The key benefits comprise easy integration with other applications, reduced IT overhead, and accessibility to be operated from any location. 

North America dominated the market in 2023  and is expected to lead over the forecast period owing to growing innovations and advancements, growing adoption of cloud-based solutions, and strict regulations for data protection. North America is home to numerous prominent innovators and technology companies that fuel the development of improved enterprise data management systems. Businesses operating in the region are also speedily implementing cloud computing for enhanced cloud-based data management solutions. Also, strict protocols for data protection like CCPA and GDPR have increased the focus on efficient and reliable data management practices. The key players profiled in the region include IBM, SAS Institute, Oracle, Informatica, Enterworks, Goldensource, Qlik, and more. 

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Global Enterprise Data Management Market
Enterprise Data Management Market

Report ID: SQMIG45B2084

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