According to a recent report published by Allied Market Research, titled, ” Data Governance Market by Component (Solutions and Services), Deployment Model (Cloud and On-premise), Application (Risk Management, Incident Management, Compliance Management), and Industry Vertical (BFSI, Healthcare, Travel & Hospitality, Government & Defense, IT & Telecommunication, Retail & E-commerce, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2029″.
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Data governance provides numerous benefits such as better dynamics, operational proficiency, improved information comprehension & lineage, good information quality, administrative consistency, increased income, and others. They work primarily to collect data and implement various security procedures. Without this system, the coordination between different systems is not expected to remain consistent.
Numerous factors such as strict regulatory compliance, rise in data security & privacy concern along with the adoption of business intelligence (BI) and analytics to reduce customer risk drivethe growth of the data governance market globally. Moreover, heavy demand for high-quality data throughout the data life cycle of the organization boosts the market growth. However, factors such as frequent change in data regulatory policies and changes in data validation systems restraint the growth of the data governance market globally. Furthermore, increase in use of artificial intelligence(AI) in data governance and rise in use of DevOps in all company software create lucrative growth opportunities in the data governance market.
The data governance market is segmented on the basis of component, deployment model, application, industry vertical, and region. By component, it is bifurcated into solutions and services. By deployment model, the market is categorized into the cloud and on-premise. By application, it is classified into risk management, incident management, and compliance management. By industry vertical, it is classified into BFSI, healthcare, travel & hospitality, government & defense, IT & telecommunication, retail & e-commerce, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
This report includes an in-depth study of top players in the data governance market which includes IBM Corporation, Oracle, SAP AG., SAS Institute Inc., Colibri, Alation Inc., Talend, Informatica, Erwin Inc., and Infogix Inc.
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