Overview and Scope
Metadata management tools are software solutions designed to capture, store, organize, retrieve, and manage metadata within an organization’s data environment. Metadata refers to descriptive information that provides context and structure to data, making it easier to understand, interpret, and utilize effectively. Metadata management tools facilitate metadata creation, maintenance, and governance across various data sources, including databases, data warehouses, data lakes, and other data repositories.
Sizing and Forecast
The metadata management tools market size has grown exponentially in recent years. It will grow from $9.04 billion in 2023 to $10.97 billion in 2024 at a compound annual growth rate (CAGR) of 21.4%. The growth in the historic period can be attributed to data proliferation, data integration complexity, analytics and BI demand, master data management (MDM), and data quality improvement.
The metadata management tools market size is expected to see exponential growth in the next few years. It will grow to $24.12 billion in 2028 at a compound annual growth rate (CAGR) of 21.8%. The growth in the forecast period can be attributed to data privacy and ethics, IoT data management, data democratization, edge computing, and rising cybersecurity threats. Major trends in the forecast period include data lineage automation, semantic metadata enrichment, metadata fabric Solutions, embedded metadata intelligence, and quantum-safe metadata security.
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The metadata management tools market covered in this report is segmented –
1) By Type: Business Metadata, Technical Metadata, Operational Metadata
2) By Deployment: Cloud, On-Premise
3) By Application: Data Governance, Risk And Compliance Management, Incident Management, Product And Process Management, Other Applications
4) By End-User: Banking, Financial Services, And Insurance (BFSI), Retail And Consumer Goods, Government, Information Technology (IT) And Telecommunications, Healthcare And Life Sciences, Media And Entertainment, Transportation And Logistics, Other End-Users
North America was the largest region in the metadata management tools market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the metadata management tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising cybersecurity threats are expected to propel the growth of the metadata management tools market going forward. Cybersecurity threats are malicious activities or risks targeting computer systems, networks, and data, compromising confidentiality, integrity, or availability. Cybersecurity threats are increasing due to increased digitalization, a need for cybersecurity awareness, and a shortage of qualified professionals. Metadata management tools enable organizations to classify, label, and protect sensitive data by providing metadata-driven access controls, encryption, and masking capabilities. By enforcing data protection and privacy compliance requirements, metadata management tools help organizations mitigate the risk of data breaches and regulatory non-compliance, bolstering their cybersecurity posture. For instance, in November 2022, according to the Cyber Security Centre Report, an Australia-based cyber security government agency, the cybercrime reports received in 2022 were 76,000, an increase of 13% from 2021. Therefore, rising cybersecurity threats are driving the growth of the metadata management tools market.
Key Industry Players
Major companies operating in the metadata management tools market are Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, Informatica LLC, Alteryx Inc., Progress Software Corporation, ASG Technologies Inc., Talend Inc., Collibra, Alation Inc., Cambridge Semantics, Ataccama, Global IDs Inc., erwin Inc., Alex Solutions Pty Ltd., MANTA Tools Inc., TopQuadrant Inc., CentricMinds, Adaptive Inc., Data Advantage Group Inc., Atlan Pte. Ltd.
The metadata management tools market report table of contents includes:
1. Executive Summary
2. Metadata Management Tools Characteristics
3. Metadata Management Tools Trends And Strategies
4. Metadata Management Tools – Macro Economic Scenario
5. Global Metadata Management Tools Size and Growth
…..
32. Global Metadata Management Tools Competitive Benchmarking
33. Global Metadata Management Tools Competitive Dashboard
34. Key Mergers And Acquisitions In The Metadata Management Tools
35. Metadata Management Tools Future Outlook and Potential Analysis
36. Appendix
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