• The Master Data Management (MDM) Market is on a rapid growth trajectory, projected to reach $53434 Million by 2030, expanding at a CAGR of 15.70% (2024-2030).
• As businesses generate massive volumes of data, MDM is becoming an essential tool to ensure data accuracy, consistency, and efficiency across an organization.
Key Takeaways
• The growing popularity of MDM solutions coupled with the increasing usage of data quality tools for effective data management in the BFSI sector, to enhance customer service and optimal management of business risks associated with banks, is likely to aid in the market growth of MDM.
• Increasing adoption of an on-premises deployed software at data center to offer secured and customized data to enterprises, will further increase the market demand for MDM in the near future.
• North America dominates the master data management market owing to the presence of primary MDM solution providers and their investments in varied strategies are attributing to MDM market growth
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