Data governance is the overall management of the availability, usability, integrity and security of data used in an enterprise. Data governance encompasses elements of data use, storage and maintenance, including security issues and the way data flows from one point to another in an overall IT architecture. Benefits of data governance include data consistency, improving data quality, data accuracy, improves business planning, improving financial performance, maximizing the use of data to make decisions, maximizing profits for the company.
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The major players in the market are as follows:
IBM Corporation, SAP, Tibco Software, Collibra, Informatica, Varonis Systems, SAS Institute, Information Builders, Orchestra Networks, Syncsort, Oracle, Talend
The data governance market by solutions is estimated to grow with the largest market share during the forecast period. Data governance solutions are used in various verticals and have various applications. The software helps understand & promote the value of data, resolve data related issues, track & oversees the delivery of data projects and services and define, approve, and maintain data strategies.
Market Dynamics:
1. Market Drivers
2 Automation of governance policies
3 Need to have regulations and compliances deadlines
4 Increasing demand to improve risk management
5 Need for tools to increase data access and data convergence
2 Market Restraints
1 Issues with categorization of unstructured data
2 Rising inconsistency in business semantics
3 Changing regulation policies
4 Data quality issues and data address validation
Market Segmentation:
The Global Data Governance Market is segmented on the application, component, deployment model, vertical, and region. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research Methodology:
Research study on the Global Data Governance Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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