Collaborations in Data Governance Market Provide Efficient and Impactful Solutions

Global Data Governance Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026

Global Business Research Company Data Governance Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026

LONDON, GREATER LONDON, UK, May 9, 2022 /EINPresswire.com/ — Strategic partnerships and collaborations emerged as one of the data governance market tendencies. Developing an effective data governance program will require collaboration and cooperation between multiple organizations in the business. The most important of these are the security and analytics teams. For example, in 2021, Axtria, an American provider of cloud software and data analytics company, partnered with Reltio for an undisclosed amount. This collaboration will leverage Axtria’s experience to strategically modify its sales and marketing processes through competitive insights and predictive analytics. Reltio is a US-based company that provides a cloud-native, multi-tenant, multi-domain MDM platform that delivers real-time data at scale. Additionally, in June 2020, Erwin Inc., a U.S.-based company that provides data modeling, data governance, and business process modeling software, partnered with Mikan associates for an amount not disclosed. This partnership helps organizations adopt data governance solutions. Mikan Associates is a US-based company that provides impactful, measurable data, analytics, and AI-powered solutions.

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The global data governance market size is expected to grow from USD 2.62 billion in 2021 to USD 3.28 billion in 2022 at a compound annual growth rate (CAGR) of 24.9%. The global data governance market share is expected to reach $7.42 billion in 2026 with a CAGR of 22.7%.

The rapid growth in data volumes is contributing to the growth of the data governance market. The growing number of data-generating devices, such as smartphones, wearable electronics, and a host of other sensor-enabled gadgets, the popularity of the Internet of Things, cloud computing, and the impending adoption of 5G all contribute to the exponential growth of data volumes. Data governance improves data quality, reduces data management expenses, and increases access for data scientists, other analysts, and business users to needed data. For example, according to FinancesOnline, a US-based SaaS platform provider, there were 74 zettabytes of total data in the world at the end of 2021. Additionally, 1.145 trillion MB of data is created every day in 2021 Hence, the rapid growth in data volumes is expected to fuel the growth of the data governance market in the future.

Key Players Covered in Global Data Governance Market are IBM Corporation, Oracle, Collibra, Informatica, Talend, TopQuadrant, Alation, TIBCO Software Inc., Varonis, Data Advantage Group, Ataccama, Global Data Excellence, Global IDs, Microsoft Corporation, Adobe Inc., Datum LLC, Infosys Limited, Microfocus, Denodo Technologies and Amazon Web Services Inc.

The global TBRC Data Governance market report is segmented by component into solutions, services, by deployment model on-premises, cloud, by organization size into small and medium-sized enterprises (SMEs), large enterprises, by application in incident management, process management, compliance management, risk management, audit management, data quality and security management, others, by vertical in BFSI, retail and consumer goods Consumer, Telecommunications & IT, Government, Healthcare, Manufacturing, Energy & Utilities, Transportation & Logistics, Other.

Global Data Governance Market Report 2022 – By component (solutions, services), by deployment model (on-premises, cloud), by organization size (small and medium enterprises (SMB), large enterprises), by application (incident management, process management, Compliance, Risk Management, Audit Management, Data Quality & Security Management, Other Applications), by vertical (BFSI, Retail & Consumer Goods, Telecom & IT, Government, Healthcare Healthcare, Manufacturing, Energy & Utilities, Transportation & Logistics) – Market Size, Trends, And Global Forecast 2022-2026 is part of a series of new reports from The Business Research Company that provides insight into the governance market Data, forecasts Data Governance market size and growth for overall market, Data Governance market segments, geographies, Data Governance market Key Competitor Trends, Data Governance Market Drivers, Constraints, Revenue, Data Governance Market Share and Profiles.

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