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Data Governance Market Size & Share, Global Growth Report 2032

By Technology_Trends, 2023-10-26

Data Governance Market Overview:

The data governance market industry is projected to grow from USD 2..88 Billion in 2023 to USD 6.81 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 15.4% during the forecast period (2022 - 2030). Market factors such as the rapidly increasing growth in data volumes, rising regulatory and compliance mandates, and others like the ability to enhance strategic risk management and decision-making with the increasing business collaborations are expected to drive the growth of the global data governance market.

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Key Players:

Some prominent players of the data governance market are as follows:

Data Advantage Group (US)
Global Data Excellence (Switzerland)
Reltio (US)
Syncsort (US)
Magnitude Software (US)
Ataccama (US)
Infogix (US)

Global ICT spending is estimated to decline by 4–5% by 2020. The dysfunctions of the hardware business are predicted to have the most impact on the IT industry. Due to the slowdown of hardware supply, the IT infrastructure growth has been reduced. The business owners are providing solutions and services are also expected to slow down for a short period. However, there has been an adoption of collaborative applications, analytics, security solutions, and artificial intelligence, which is set to increase in the remaining part of the year. Many significant COVID-19 initiatives involve sensitive data, from patient data to personal banking data. There are significant risks to data security posed by the swift influx of these new data sources into a company’s data ecosystem.

Data governance is a set of processes that ensures the systematic management and protection of critical data. With the advent of several data regulations by governments, it has become more critical to ensure data within an organization is stored, used, and discarded appropriately. Organizations wish to achieve data regulation compliance to observe international and national laws and standards and industry-specific regulatory data requirements.

Market Segmentation:

The data governance market has the following segments to meet the rising needs of the global target audience.

By Application

Incident management
Process management
Compliance management
Risk management
Audit management
Data quality and security management
Others (Network management and Employee performance management)

By Industry vertical

BFSI
Retail and Consumer Goods
Telecom and IT
Government
Healthcare
Manufacturing
Energy and Utilities
Transportation and Logistics
Others

By Component

Solutions
Services

Managed services
Professional services

Consulting services
Support and maintenance services
Deployment and Integration Services

By Organization Size

Small and Medium-Sized Enterprises (SMEs)
Large enterprises

By Deployment Model

On-premises
Cloud

By Industry Vertical

Banking, Financial Services, and Insurance (BFSI)
Retail and consumer goods
Government and defense
Healthcare and life sciences
Manufacturing
Telecommunications and IT
Energy and utilities
Construction and engineering
Others (Research, Education, Travel and hospitality, and Real estate)

Regional Analysis:

APAC shows tremendous growth opportunities, especially in the regions of developing economies, such as China, India, Bangladesh, and others. With the growth of smart cities and the proliferation of technical devices, the APAC region is expected to witness ultra-growth in the coming years

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Industry News:

Informatica (US) is recognized as one of the leading market players in the data governance market. It offers various data management and big data solutions, such as data quality, data security, data integration, MDM, and associated cloud solutions. The company majorly serves the banking and capital markets, healthcare, and others like the insurance, retail, and life sciences sectors. With its data governance offering, the company renders help to the business users by upholding data stewardship by maintaining up-to-date data with improved accuracy and per industry regulations.

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Corporate E-learning Market Size & Share Report [2032]

By Technology_Trends, 2023-10-26

Corporate E-learning Market Overview:

The size of the enterprise e-learning market was estimated to be USD 28.33 billion in 2021. The enterprise e-learning sector is projected to grow from USD 38.24 billion in 2022 to USD 117.57 billion by 2030, representing a CAGR of 61% over the previous year. 15. forecast period (2022-2030).

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Key Players:

Key Companies in the Corporate E-learning market include,

Oracle
GeoMetrix Data Systems Inc
SAP
Adrenna
Blatant Media Corporation
Crossknowledge
IgniteTech
Infor
CERTPOINT Systems

Widespread adoption of Internet technologies and the emergence of online learning applications are increasing. Recently, there has been a fundamental difference in how organizations deliver training and development content. It also changes employee experiences and actions. The market research report shows that some large organizations are using e-learning techniques, as well as companies involved in event processing. Microlearning deals with the use of small learning modules and short-term learning. The focus on personalization and adaptive learning is increasing the popularity of microlearning.

It provides concise and relevant content and helps address skill gaps. For employees, accurate content is interesting and engaging, and information is delivered in a short time through microlearning. Microlearning is used in several end-user industries such as banking, retail and manufacturing. For example, in a situation where a new bank employee gives a presentation about the benefits of getting credit cards from the bank, an interested customer can ask the bank employee about the associated maintenance costs that the bank employee does not know, microlearning. module can be quickly used to answer the question. Thus, such benefits are expected to drive the demand for market focus during the forecast period.

Market Segmentation:

Technology-based market segmentation includes online, educational platforms, learning content management systems, podcasts, virtual classrooms, and mobile e-learning. By training type, market segmentation includes instructed and text-based and outsourced. By region, the study provides a market overview of North America, Europe, Asia Pacific and rest of the world. North America dominates the market with maximum growth and offers these solutions to its employees. There is a big reason behind this. The use of technological infrastructure is increasing and government investment is increasing. Many digital learning platforms are emerging in these fields. Self-paced and competency-based online learning solutions are growing in popularity.

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This also applies to the European market and its leaders. Asia Pacific has predicted a very rapid growth by the end of 2022. The main reason for this is that a large number of companies in these fields are opening their scope to adopt Market. In the developing economies of these regions, digitization and online learning platforms are at a good level.

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