From GlobeNewswire: 2024-05-13 11:11:00

The Data Governance Market is projected to reach $13.92 billion by 2031, with a CAGR of 19.7% from 2024. Data governance helps manage data integrity and security, driving adoption due to data security concerns and regulatory compliance. Cloud deployment and data intelligence trends are shaping the market, creating opportunities for unified data governance and managed service providers. Key players include IBM Corporation and Collibra, Inc. North America is expected to dominate the market, with the US leading due to rapid digitization and strict regulations.

The global data governance market is anticipated to witness a CAGR of 19.7% during the forecast period 2024-2031. Services segment is expected to dominate, with on-shore services being the most sought after. Legal segment will lead in business function, with North America expected to be the dominant region. Key players include Adaptive, Alation, and Alex Solutions Pty. Ltd, among others. Market segmentation includes applications like incident management, deployment models, organization sizes, industry verticals, and regions such as North America, Europe, Asia Pacific, and others.

The Data Governance Market is estimated to grow to $13.92 billion by 2031 with a CAGR of 19.7% from 2024. Cloud-based solutions and data intelligence trends are driving market growth. Organizations are adopting systematic data governance frameworks to manage data effectively. Managed service providers are offering specialized expertise in data governance, presenting opportunities for recurring business from data-driven enterprises. IBM Corporation and Collibra, Inc. are implementing strategies to enhance their offerings in the market. North America is set to dominate the market, with the US leading due to rapid digitization and stringent regulations. Market segmentation includes applications, deployment models, organization sizes, industry verticals, and regions. Key players operating in the market include Adaptive, Alation, Alex Solutions Pty. Ltd, and Alfresco Software Inc., among others. Market opportunities exist for unified data governance and managed service providers.

The global data governance market is expected to grow to $13.92 billion by 2031, with a CAGR of 19.7% from 2024. Adoption of data governance solutions is being driven by concerns over data security and privacy, along with the need to comply with stringent regulations. Market trends include cloud deployment and data intelligence, with opportunities for unified data governance and managed service providers. Key players like IBM Corporation and Collibra, Inc. are making strategic moves to enhance their offerings. North America is poised to lead the market, driven by rapid digitization and strict regulations. Market segmentation includes applications, deployment models, organization sizes, industry verticals, and regions.

The global Data Governance Market is forecasted to reach $13.92 billion by 2031 with a CAGR of 19.7% from 2024. Factors driving market growth include rising data security concerns, regulatory compliance requirements, and the need for effective data management. Cloud deployment and data intelligence trends are shaping the market, with opportunities for unified data governance and managed service providers. Players like IBM Corporation and Collibra, Inc. are focusing on enhancing their offerings. North America is expected to dominate the market, particularly the US, due to rapid digitization and stringent regulations. Market segmentation includes applications, deployment models, organization sizes, industry verticals, and regions. Key players include Adaptive, Alation, Alex Solutions Pty. Ltd, and Alfresco Software Inc., among others.



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