Research Nester published a report titled “Enterprise Data Management Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers a detailed overview of the global enterprise data management market in terms of market segmentation by type, enterprise size, component, and end-user industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.
The global enterprise data management market is projected to grow at a CAGR of ~15% by attaining a robust revenue during the forecast period, i.e., 2022 – 2031. Factors such as, rising initiatives toward data protection and demand for data traffic management are anticipated to propel the growth of the market during the forecast period. In early 2019, the cases of data breaches amounted to about 3,500, which exposed nearly 4 billion records worldwide. Such factors are anticipated to hike the growth of the market over the forecast period.
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Additionally, by type, the global enterprise data management market is bifurcated into cloud and on-premise. Out of these segments, the on-premise segment is estimated to obtain a notable share of the market during the forecast period. The growth of the segment can be attributed to its instant availability and low monthly cost. Many organizations rely on on-premise systems since their infrastructure is less prone to data theft. The data is stored on-premise locally and it needs a physical presence to be accessed. Such factors are estimated to boost the segment growth.
Furthermore, the global enterprise data management market, by region, is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of these regions, the market in the North American region is estimated to grow at a noteworthy pace over the forecast period on the back of rising cases of data breaches and the presence of significant key players in the region. As of 2020, there had been almost 1,000 cases of data breaches solely in the United States, exposing around 150 million records.
The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.
Increasing Cloud Data Traffic likely to Support the Market Growth
The IP traffic of cloud data was projected to be over 15,000 exabytes worldwide in 2021.
Cloud data traffic is the amount of data that travels from one point to another at a given time. In modern times, almost every sector utilizes the internet and exchanges data digitally, which leads to cloud data traffic. Therefore, the requirement for data management is emerging in the market. Hence, such factors are anticipated to propel the growth of the market.
However, the costly installation procedure of the system is expected to operate as a key restraint to the growth of the global enterprise data management market over the forecast period.
This report also provides the existing competitive scenario of some of the key players in the global enterprise data management market which includes company profiling of Oracle Corporation, International Business Machines Corporation, Teradata Corporation, SAS Institute Inc., SAP SE, Delta Electronics, Inc., CommScope Inc., FNT GmbH, Eaton Corporation PLC, and Nlyte Software Limited. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments.
Conclusion
On the whole, the report depicts a detailed overview of the global enterprise data management market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
