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Global Metadata Management Tools Market 2022 by Manufacturers, Regions, Type and Application, Forecast to 2028
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The need for collecting and using increasingly large volumes of data while maintaining data integrity and security is aiding growth in the global metadata management tools market. In this data-driven era, metadata management is as critical as data security as suboptimal data can lead to wrong analytics insights and wastage of resources. Centralized data management is helping companies enhance the efficiency and consistency of data across the whole organization. All these factors are expected to contribute to the growth of the metadata management tools market growth in the coming years.
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Need for Better Data Security Set to Drive Metadata Management Tools Market to Maturity
As organizations are collecting and depending more on data than ever before, data security has evolved into a business priority for next-generation organizations. Metadata management tools help organizations to reduce data exposure risks by providing a centralized repository for all access control lists (ACLs) of their data. This protects sensitive information from unauthorized access, while simultaneously maintaining compliance with cybersecurity regulations. The global metadata management tools market is growing due to the increased need for higher quality data which is essential for effective usage of big data technologies. By helping achieve data integrity, metadata management tools help organizations’ efforts to derive business intelligence from their data. This increases the adoption of metadata management tools, creating headways for sound expansion of the metadata management tools market.
Entertainment Industry Emerging as a Viable Market
The media and entertainment industry, professional services firms, BFSI, government agencies, and educational institutions are benefiting from using metadata systems. It enables efficient search capabilities which allows these organizations to work with a greater degree of efficiency and effectiveness. For media and entertainment firms, metadata management tools improve the search result quality of audio or video content. This also enables firms to identify licensing opportunities and manage copyrights associated with their content. All these factors collectively are projected to create novel opportunities in the metadata management tools market.
North America Dominant Market; Asia-Pacific to Exhibit Fastest Growth
North America is expected to sustain its dominance in the global metadata management tools market. The high demand for metadata management solutions in the region can be attributed to the need for managing high volumes of data and consumer awareness regarding metadata management. North America has also been exhibiting a rise in demand for analytics solutions as a means for gaining actionable insights from business-related data. Increasing cyberattacks on critical business infrastructure have brought data security into the purview, leading to higher adoption of information governance tools among enterprises, becoming yet another factor boosting growth. In terms of market growth, the Asia-Pacific market is expected to grow at the fastest pace during the forecast period. This trend can be attributed to the increasing adoption of cloud technologies and the usage of big data solutions in the region. The growing demand for data discovery and information governance solutions is also expected to be a contributing factor to market growth in the region.
The major players in the metadata management tools market include Oracle, IBM, SAS Institute, Teradata, TIBCO Software, and Microsoft Corporation. Smaller service vendors such as Axceler also provide solutions for specific niches.
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Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
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