Metadata Management Tools Market to be Worth $36.44 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, July 27, 2022 /PRNewswire/ -- The global metadata management tools market size is projected to reach USD 36.44 billion by 2030, registering a CAGR of 20.8% from 2022 to 2030, according to a new study published by Grand View Research, Inc. Factors such as the increasing prominence of centralized data administration, the rising demand for metadata management in data security, and the high demand for greater data quality and trustworthy analytics are expected to propel the growth of the market during the forecast period.

Key Industry Insights & Findings from the report:

• The increasing usage of metadata management tools for improved consistency in the organization that advances data retrieval issues is anticipated to fuel the market growth.
• The cloud deployment segment is expected to register the highest CAGR over the forecast period. The growth is attributed to enhanced efficiency and greater agility, easy deployment, and reduced operational costs.
• Media & entertainment vertical is expected to provide promising growth opportunities for the market, having applications for improving the accuracy of search results for audio and video content.
• North America holds the largest market share in the market. Most organizations have shifted to cloud-based data management processes, which is fostering the growth of the market for metadata management tools in this region.

Read 120 page full market research report, "Metadata Management Tools Market Size, Share & Trends Analysis Report By Metadata Type (Business, Technical, Operational), By Deployment (Cloud, On-premise), By Application, By End-user, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Metadata Management Tools Market Growth & Trends

Increased adoption of metadata management processes across all major industry verticals, including retail, industrial, IT & Telecommunications, BFSI, etc., is fostering market growth. This trend is witnessed in various countries across the Asia Pacific and North America. Other factors contributing to the market growth are rapid digitalization, the increasing need for data governance and management, and the growing popularity of cloud-based technologies.

The increasing demand for data enrichment, automated reporting, analyzing, and metadata insights, among others, and the rising adoption of cloud-based data management tools are the key driving factors for market growth. The increasing prominence of the cloud-based metadata management process helps easy deployment and reduces operational costs for businesses. Most businesses have already adopted cloud-based metadata management tools for storing their data in the cloud. It is more used in organizations because they are readily available and scalable.

Based on metadata type, the market is classified into business metadata, technical metadata, and operational metadata. Technical metadata refers to physical characteristics that aid in the loading of information from primary articles and technical attributes that are important for the presentation of data. Further findings from the report suggest that the technical metadata segment is expected to lead the market in terms of revenue share and CAGR during the forecast period.

Key vendors in the market have adopted various strategies to enhance their product and service offerings and provide an improved customer experience. For instance, platforms like Alation Data Catalog offer a wide range of data intelligence solution platforms. Their products have inbuilt collaboration capabilities, profile data, and give data accuracy. This platform helps provide valuable insights on how creating and sharing information from raw data is done by the users.

Metadata Management Tools Market Segmentation

Grand View Research has segmented the global metadata management tools market based on metadata type, deployment, application, end-user, and region:

Metadata Management Tools Market - Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Business Metadata
• Technical Metadata
• Operational Metadata

Metadata Management Tools Market - Deployment Outlook (Revenue, USD Billion, 2017 - 2030)

• Cloud
• On-Premise

Metadata Management Tools Market - Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Data Governance
• Risk and Compliance Management
• Incident Management
• Product and Process Management
• Others

Metadata Management Tools Market - End-user Outlook (Revenue, USD Billion, 2017 - 2030)

• BFSI
• Retail and Consumer Goods
• Government
• Telecom and IT
• Healthcare and Life Sciences
• Media & Entertainment
• Transportation and Logistics
• Others (Manufacturing, Energy & Utilities, etc.)

Metadata Management Tools Market - Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• U.K.
• Germany
• France
• Asia Pacific
• China
• Japan
• India
• South America
• Brazil
• Middle East and Africa (MEA)

List of Key Players in the Metadata Management Tools Market

• IBM
• Oracle
• SAP
• ASG Technologies
• Adaptive
• Cambridge Semantics
• Data Advantage Group
• Erwin
• Alex Deployments
• Natuvion
• Immuta
• CentricMinds
• Syniti

Check out more related studies published by Grand View Research:

• Data Annotation Tools Market - The global data annotation tools market size is expected to reach USD 5,331 million by 2030, exhibiting a CAGR of 26.6%, according to a new report by Grand View Research, Inc. The advent of big data is expected to drive the growth of the artificial intelligence market as a large volume of data is required to be recorded, stored, and analyzed. The adoption of artificial intelligence is expected to significantly boost the demand for data annotation tools as the annotated data acts as a catalyzer to train AI models and machine learning systems in critical areas such as speech recognition and image recognition. These tools offer AI its strength by directly providing data that is relevant to determining future outcomes and decision-making.
• Alternative Data Market - The global alternative data market size is anticipated to reach USD 143.31 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 54.4% from 2022 to 2030. The increasing emphasis on gaining alpha from hedge funds is expected to boost the demand for alternative data. The asset managers from hedge funds, mutual funds, private equity funds, pension funds, unit trusts, life insurance companies, and other BFSI entities are highly inclined to use alternative data to derive predictive insights. Moreover, the use of alternative data for risk management processes is also expected to drive market growth.
• Data Monetization Market - The global data monetization market size is expected to reach USD 7.34 billion by 2027, registering a CAGR of 24.1% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. Data monetization is a strategy used by several organizations to increase their revenue. It is the process of utilizing data to obtain quantifiable economic benefits. There are two types of data monetization techniques, direct data monetization, and indirect data monetization.

Browse through Grand View Research's  Next Generation Technologies Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.

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