Demand for Enterprise Metadata Management Will Rise

The global demand for enterprise metadata management is projected to increase at a CAGR of 19.4 per cent between 2022 to 2032.

FREMONT, CA:According to new research from FMI, the global market for business metadata management is anticipated to reach USD 4.9bn by 2032, growing at a CAGR of 19.4 per cent. Due to APAC’s developing economy and ongoing adoption of business intelligence and analytics solutions, Asia-Pacific is the network forensics market with the quickest revenue growth.

A structured set of information called metadata describes, clarifies, and identifies another set of information. Information about information and data about data are other names for metadata.

According to the analysis, the market will be worth USD 8.4bn in 2022. By the year 2032, it's projected to reach a peak of USD 4.9bn. Experts at Future Market Insights have recorded a historical CAGR of 18.9 per cent between 2016 and 2021. Most of this growth can be attributed to organisations across numerous industry sectors placing more emphasis on data governance.

Enterprise metadata management, a software solution that offers the essential expertise to improve, manage, and maintain the technical description of data assets, is another area of considerable interest. Enterprise metadata management improves an organisation's capacity to manage risk, increase IT productivity, and comply with legal obligations.

The main factor influencing the growth of the global enterprise metadata management market is mentioned as expanding enterprise data combined with increasing data integration and content management challenges, as well as the growing importance of data governance and data standardisation by organisations across various industries.

Collaboration and social networking tools are getting more attention, and there is growing interest in managing the content lifecycle, reflecting a rising need to lower risk and boost trust in organisational data assets. This assists in accelerating the growth of the global enterprise metadata management market across numerous industries.

The development of centralised data control to increase IT productivity throughout the enterprise environment, along with expanding data warehouse, data mining, and data pooling operations, are other factors driving the growth of the worldwide enterprise metadata management market.

The failure to fully comprehend the potential advantages of business metadata management solutions was found to be a major impediment to growth. Additionally, businesses occasionally find it difficult to understand the technical difficulties associated with metadata storage, which slows development.

The deployment type, vertical, and regional segments of the global enterprise metadata management market are also divided. It is divided into on-premise and software-as-a-service (SaaS).