Global Data Governance Market to Reach US$ 9.5 Billion by 2028, Propelled by Increasing Data-Driven Operations in End-Use Industries

August 16, 2022

According to the latest report by IMARC Group, titled “Data Governance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global data governance market reached a value of US$ 3.2 Billion in 2022. Data governance is the general management of data functions and data assets in an organization comprising of tools which define roles, standards, policies, metrics, and processes for information. In general, it deals with the integrity, security, usability, accountability, and availability of an enterprise's data. Using various technologies and strategies of data governance, the organization ensures that business data abides by corporate policies and compliances. Data governance can improve dynamics, operational efficiency, data lineage, data quality, regulatory compliance, and revenue through improved data understanding.

Global Data Governance Market Trends:

The global market is majorly driven by the rising adoption of advanced technologies, such as artificial intelligence (AI), machine learning (ML) and DevOps in organizations. This can be attributed to rapid digitization, along with the increasing data-driven operation structures across numerous industries and industry verticals. The growing demand for high quality data and heritage throughout the entire data life cycle as well as business intelligence (BI) and analytics-to-consumers strategies are creating lucrative growth opportunities for the market. Additionally, stringent data privacy laws and the growing regulatory enforcement regarding data theft and hacking issues are providing an impetus to the market. The increasing cross-border and cross-company collaborations facilitating easy access to data by all stakeholders in a secure environment are resulting in a higher product uptake. Some of the other factors contributing to the market growth include the increasing number of remote-working employees, the rising trend of bring your own device (BYOD), inflating disposable income levels of the masses and extensive research and development (R&D) activities. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 9.5 Billion by 2028, exhibiting a CAGR of 19.5% during 2023-2028.

Market Summary:

  • Based on the component, the market has been segmented into software and services.
  • On the basis of the deployment mode, the market has been categorized into cloud-based and on-premises.
  • Based on the organization size, the market has been classified into small and medium-sized enterprises (SMEs) and large enterprises.
  • On the basis of the business function, the market has been divided into operation and IT, legal, finance, sales and marketing, and others.
  • Based on the application, the market has been categorized into incident management, process management, risk and compliance management, audit management, data quality and security management, and others.
  • On the basis of the end use industry, the market has been segmented into IT and telecom, healthcare, retail, defense, BFSI, and others.
  • On the geographical front, the market has been segregated into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Adobe Inc., Alation Inc., Amazon Web Services Inc. (Amazon.com Inc.), Collibra, Infosys Limited, International Business Machines Corporation, Microsoft Corporation, MicroStrategy Incorporated, Oracle Corporation, SAP SE, SAS Institute Inc., Teradata Corporation, TIBCO Software Inc., and Varonis Systems Inc.


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

Global Data Governance Market to Reach US$ 9.5 Billion by 2028, Propelled by Increasing Data-Driven Operations in End-Use Industries
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More