Structured Data Management Software Market

Structured Data Management Software Market Segmentation by Deployment (Cloud Based, and On-Premise); by Enterprise Size (Small & Medium, and Large Enterprises); and by End-User Industry (BFSI, Automobile, Healthcare, Manufacturing, IT & Telecom, Retail & Ecommerce, and Others) – Global Demand Analysis and Opportunity Outlook 2030

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Report ID: 3247 | Published On: Jan 31, 2023

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Despite Inflation & Recession News, Businesses Across the Globe Expected to Do Better in 2023

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


In The News

  • April 2021: Rocket Software announced that it has signed an agreement to acquire ASG Technologies. The acquisition will aim at helping the company to boost its expertise in the management of content, structured and unstructured data, and systems.

  • January 2020: OneTrust is all set to enhance its OneTrust DataDiscovery platform after signing an acquisition deal with Integris Software. The platform helps enterprises to understand their data across all assets and systems.


Global Structured Data Management Software Market Highlights 2022-2030

The global structured data management software market is estimated to grow with a high CAGR during the forecast period, i.e., 2022-2030. The rapidly increasing data volumes, consequent rise in the adoption of digital technologies for the transformation of businesses, along with the development of new technologies for database applications are expected to fuel the progress of this market. Along with this, structured data management software helps to reduce data footprints and storage, maintenance, hardware, and administration costs, which is another factor estimated to benefit the market growth in the coming years. Moreover, the growth of the market can also be attributed to the adoption of structured data management software by BFSI, IT & telecom, manufacturing, healthcare, and retail companies to manage scattered. Additionally, the growing focus of enterprises towards digital transformation and increasing developments in e-commerce sector is projected to offer ample opportunities for market growth in the near future. For instance, as per the United Nations Conference on Trade and Development (UNCTAD), global e-commerce sales increased to USD 26.7 trillion in 2019, up 4% from 2018.

Structured Data Management Software Market Graph

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The market is segmented based on end user industry into BFSI, automobile, healthcare, manufacturing, IT & telecom, retail and commerce and others, out of which, the BFSI segment is anticipated to grab the largest share by the end of 2030 on account of increasing data volume in banks and other financial institutions, coupled with rising need to bring operational efficiency and improve their services. Moreover, BFSI are rapidly adopting digital technologies on a global scale, which is also projected to contribute to the growth of the segment during the forecast period. 


Major Macro-Economic Indicators Impacting the Market Growth

Research And Development Graph

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2022, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.


Global Structured Data Management Software Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa. The market in the Asia Pacific is predicted to grow at the highest CAGR over the forecast period owing to the increasing spending by BFSI, manufacturing and other end users for improving business processes by implementing digital technologies in the region. For instance, in India, the BFSI industry spent 57 percent of their expenditure on digital services in 2020. Furthermore, the market in North America is evaluated to occupy the largest share in terms of revenue during the forecast period, ascribing to the presence of leading structured data management software providers in the region. Along with this, North America also leads in terms of high adoption of digital technologies by various end-use industries, which is also expected to contribute to the market growth in the region. Alternatively, the market in Europe is also anticipated to occupy a significant share, accounting to the presence of stringent regulations associated with data infringement and high financial penalties in the region. Moreover, the increasing adoption of data management software by small and medium enterprises is also contributing to the market growth in the region.

The global structured data management software market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


Structured Data Management Software Market Graph
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Market Segmentation

Our in-depth analysis of the global structured data management software market includes the following segments:

By Deployment

  • Cloud Based
  • On-Premise

By Enterprise Size

  • Small & Medium Enterprises
  • Large Enterprises

By End-User Industry

  • BFSI
  • Automobile
  • Healthcare
  • Manufacturing
  • IT & Telecom
  • Retail & Ecommerce
  • Others

Growth Drivers

  • Increasing Data Volumes across Several Industries
  • Rising Adoption of Digital Technologies to Transform Businesses

Challenges

  • Concerns Related to Data Privacy and Security
  • Growing Number of Cases of Cyber Attacks


Research And Development Graph

Key Questions Answered in the Report

1) What are the major factors driving the growth of the structured data management software market?

Ans: Increasing data volume and rising adoption of digital technologies for business transformation are the key factors driving the market growth.

2) What would be the CAGR of structured data management software market over the forecast period?

Ans: The market is anticipated to attain a high CAGR over the forecast period, i.e., 2022-2030.

3) What are the challenges affecting the structured data management software market growth?

Ans: Concerns related to data security and data privacy and rising cyber-attack are estimated to hamper market growth.

4) Which region will provide more business opportunities for growth of structured data management software market in future?

Ans: The market in the Asia Pacific region will provide ample growth opportunities owing to the increased spending by BFSI, manufacturing, and other end users for improving business processes in the region.

5) Who are the major players dominating the structured data management software market?

Ans: The major players dominating the structured data management software market are SAS Institute Inc., IBM Corporation, Oracle Corporation, and Rackspace US, Inc. among others.

6) How are the company profiles selected?

Ans: The company profiles are selected on the basis of revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the structured data management software market?

Ans: The market is segmented by deployment, enterprise size, end-user industry, and by region.

8) Which segment under the end-user industry segment captures the largest market size in the structured data management software market?

Ans: With respect to end-user segment, the BFSI segment is anticipated to hold the largest market share owing to high adoption of digital technologies and increasing data volumes in this sector.

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