Metadata Management Tools Market Share, Size, Trends, Industry Analysis Report, 2021 - 2029
Metadata Management Tools Market Share, Size, Trends, Industry Analysis Report, 2021 - 2029

Metadata Management Tools Market Share, Size, Trends, Industry Analysis Report, By Deployment Type (Cloud, On-Premises); By Business Function (Human Resource, Marketing & Sales, Finance, Operations, Legal); By Application; By End-Use; By Region; Segment Forecast, 2021 - 2029

  • Published Date:Dec-2021
  • Pages: 123
  • Format: PDF
  • Report ID: PM2135
  • Base Year: 2020
  • Historical Data: 2017 - 2019

Report Outlook

The global metadata management tools market was valued at USD 6.26 billion in 2020 and is expected to grow at a CAGR of 18.4% during the forecast period. The growing innovation in the business and corporate sector, the increasing significance of centralized data administration, and the increasing need for higher data quality and trusted analytics positively influence the market.

Metadata Management Tools Market SizeKnow more about this reportrequest for sample pages

In addition, the rising importance of metadata administration in data security, the rise in business data volume growth, and favorable government initiatives relating to digital transformation also augment the growth outlook for the global market metadata management tools.

The recent outbreak of the COVID-19 pandemic is extensive around the world, tapping communities, countries, and societies under massive pressure. As the ongoing pandemic (COVID-19) has spread worldwide, IT companies are undergoing a slowdown of hardware supply and reduced manufacturing capacity.

In particular, businesses offering solutions and services are also anticipated to slow down for a short period. As a result, metadata administration tools have witnessed a slowdown in their market demand, which eventually created moderate market growth for metadata administration tools in recent years.

Metadata Management Tools Market 2030

Know more about this reportrequest for sample pages

Industry Dynamics

Growth Drivers
In recent years, enterprises have created a massive amount of structured and unstructured data that requires data analytics solutions. Centralized data administration systems provide to the overall surplus of the enterprise by changing its ability to respond to an opportunity or limit a loss when a shift arises. The degree of data centralization within a business can significantly impact its performance and development.

The recent concept of centralized data management set off a range of crucial prospects for an enterprise in the competitive market. In such context, metadata management tools also play a significant role in bringing greater agility and improving efficiency, speed, responsibility, and reliability to manage the enterprise datasets.

In addition, the centralization of data administration further enhances access and use of datasets for businesses and enterprises. The integrated data repository manages a trusted service that offers enterprise data governance and support. As a result, the rise in big data volume directly creates the utility for metadata management tools worldwide.

Also, businesses are spending USD 187 billion on big data and analytics in 2019, according to the Worldwide Semi-annual Big Data and Analytics Spending Guide released by IDC. Thus, the increased data volume creates the adoption of centralized data administration for structured and unstructured data, which eventually is expected to propel market growth for metadata management tools.

Report Segmentation

The market is primarily segmented on the basis of component, deployment type, application, business function, end-use, and region.

By Deployment Type

By Application

By Business Function

By End-Use

By Region

  • Cloud
  • On-Premises
  • Risk Management
  • Governance and Compliance Management
  • Product and Process Management
  • Incident Management
  • Human Resource
  • Marketing & Sales
  • Finance
  • Operations
  • Legal
  • BFSI
  • IT & Telecommunication
  • Retail & E-commerce
  • Healthcare & Life Science
  • Manufacturing
  • Government &Defense
  • Media & Entertainment
  • Energy & Utilities
  • Others
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

Know more about this reportrequest for sample pages

Insight by Deployment Type

Among the deployment type segment, the cloud metadata management tools segment is expected to hold the most significant revenue share of the global market in 2021. The significant stake can be accredited to the increased adoption of cloud-based metadata administration tools. It facilitates the end-users to improve customer relations using sophisticated and innovative solutions.

Further, large enterprises majorly implement cloud-based tools because of their benefits, including simple deployments, reduced operational costs, and greater scalability. This, in turn, is also expected to contribute towards the high segmental growth.

Cloud-based metadata management tools are also expected to register the highest CAGR over the foreseen period. This is due to the increasing adoption of such solutions among large enterprises. It supports improving focus on the customer experience, which is likely to promote segmental growth rate during the forecast period.

On the contrary, the on-premises segment accounted for a considerable revenue share in 2020. This can be recognized as enhancing security and lower cost of ownership compared to the cloud system, which may contribute drastically towards market growth for metadata management tools globally.

Insight by End-Use

In 2021, the BFSI segment is expected to witness a large revenue size in the global market for metadata administration tools, owing to the extensive implementation of metadata tools in banking processes and the proliferation of digital transformation strategies among enterprises to improve the need for data quality.

In addition, metadata management tools are also gaining wide popularity in banking as it brings many opportunities to the banking and financial sector. Besides, the need for data governance solutions to consolidate data in compliance with rules and norms to prevent any financial loss is anticipated to promote the segment’s growth fortunes.

On the contrary, the retail and e-commerce segment is projected to register a significant growth rate in the overall market. Factors such as the growing number of e-commerce transactions in the retail sector and the growing focus of e-commerce companies to offer additional benefits for the betterment and efficiency of business operations are likely to act as a critical factor for driving metadata management tools market growth worldwide.

Geographic Overview

North America market for metadata management tools is expected to account for the highest revenue share in 2021 on account of the rising adoption of metadata administration tools and data governance solutions in managing organizational tasks effectively. Furthermore, the region has a significant presence of vendors and organizations with extensive operations and customer bases. So, it creates massive availability of such metadata management tools and services in the region.

Furthermore, the rise in market demand for centralized management systems and the growing digitalization strategies by public and private organizations are a few factors that significantly pave towards the higher market growth for metadata management tools in the region. For instance, in July 2020, KPN and Microsoft are entering into a multi-year agreement that is aimed at helping companies to undergo digital transformation strategies. This will enable the company to serve consumers better and organize an effective business process. Such initiative is further responsible for the high adoption of metadata management tools in the market.

Moreover, Asia Pacific is projected to observe a significant market growth rate over the forecast period of 2021-2028. Over the last decades, Asian countries have undergone the greatest digital transformation initiatives across enterprises. The growth of industries, particularly the retail and banking sector, is gaining massive momentum, creating a lucrative market demand for metadata management tools.

For instance, as per India Brand Equity Foundation (IBEF), in 2017, e-commerce sales increased at an annual rate of 51%, making it a considerable opportunity for online retailers. Moreover, the rapid rise in enterprise focus towards improving customer experience and the increase in business data volume create a massive prospect for market growth for metadata management tools in emerging nations, including China, India, and Japan.

Competitive Insight

Some of the major players operating in the global metadata management tools market include ASG Technologies, Adaptive, Collibra, Cambridge Semantics, Centricminds, Data Advantage Group, Microsoft, IBM, Informatica, Oracle, SAP SE, Global IDS, Topquadrant, Atlan, Erwin, Syniti, Infogix, Solidatus, Alation, and Alex Solutions.

Collibra consumers now access the Azure cloud platform, with simplified deployment and administration, comprising partner solutions. Similarly, in July 2021, Informatica unveiled its new Intelligent Data Management Cloud (IDMC), the AI-based cloud service to manage the Microsoft Azure Southeast Asia region. Such initiatives will drastically contribute towards the higher growth of the metadata management tools market.

Metadata Management Tools Market Report Scope

Report Attributes

Details

Market size value in 2020

USD 6.26 billion

Revenue forecast in 2029

USD 25.18 billion

CAGR

18.4% from 2021 - 2029

Base year

2020

Historical data

2017 - 2019

Forecast period

2021 - 2029

Quantitative units

Revenue in USD million/billion and CAGR from 2021 to 2029

Segments covered

By Deployment Type, By Application, By Business Function, By End-Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key companies

ASG Technologies, Adaptive, Collibra, Cambridge Semantics, Centricminds, Data Advantage Group, Microsoft, IBM, Informatica, Oracle, SAP SE, Global IDS, Topquadrant, Atlan, Erwin, Syniti, Infogix, Solidatus, Alation, and Alex Solutions.