Unified Data Management Solutions Market: Rapid Growth Of It And Telecommunication Industry

Unified Data Management Solutions Market is a centralized system or platform used to collect and analyze large sets of data generated from different sources. Unified data management solutions create a combined development and delivery environment which provides accurate and reliable data. A high-end unified data management platform combines data management technologies and data analytics. The role of the unified data management solution is to collect organized and unorganized data from external and internal sources, and to then store and integrate that data. This solution also organizes and analyzes data. The unified data solution involves three technologies, virtualization, service-oriented architecture, and various data security services.

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Increase in the demand for efficient data management across all end-use industries is expected to drive the global unified data management (UDM) solutions market. The effective management of data is crucial in any enterprise as enterprises are bound by an increase in many compliance regulations, significant increase in storage information, storage capacity, and the absolute amount of data and documents being generated by organizations. Unified data management (UDM) solutions provide better efficiencies, flexibility, and reliability. The unified data management platform helps enterprises to streamline the complexity of matching, cleaning, and preparing all data. Moreover, this platform manages data according to enterprise requirements which helps to promote technical efficiencies and supports strategic, data-oriented business goals. These factors are anticipated to boost the demand for global unified data management. However, the complex structure of unified data management (UDM) solutions is anticipated to hinder the growth of the unified data management (UDM) solutions market. New technologies are changing the landscape of unified data management. Machine learning technology is being integrated into unified data management and utilized to move data from management platforms to its destination at high speed.

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The global unified data management (UDM) solutions market can be categorized based on component, enterprise size, deployment, solution, industry vertical, and geography. Based on component, the unified data management (UDM) solutions market can be segmented into software and services. The software segment can be further classified into standalone and suite. In terms of enterprise size, the global unified data management (UDM) solutions market can be divided into small-medium sized enterprises (SME’s) and large enterprises. In terms of deployment, the market can be categorized into cloud and on premises. Based on solution, the unified data management (UDM) solutions market is categorized into data analytics, data management, enterprise data management, data integrations, information management, information governance, information architecture and others (business intelligence, master data management, etc.). In terms of industry vertical, the global unified data management (UDM) solutions market can be divided into BFSI (banking, financial services, and insurance), IT and telecommunication, government, retail, manufacturing, consumer goods, energy and utility, and others.

In terms of geography, the global unified data management (UDM) solutions market can be segmented into North America, South America, Europe, Asia Pacific, and Middle East & Africa. The market in North America and Asia Pacific is anticipated to be dominant globally due to the rapid growth of IT and telecommunication industry. The market in Europe is gaining substantial traction due increasing need for data protection.

Key players in the global unified data management (UDM) solutions market focus on products to provide innovation and customize service. For instance, Tibco Corporation offers a unified view of company data stored in different silos. Moreover, it provides a platform which allows companies to get a clear view of their business data and act on it quickly. SAS SE delivers unified data management solutions through SAS Data Governance to assist enterprises in preparing and managing traditional and big data sources. Players in unified data management (UDM) offer their services through subscription-based or licensed based models.

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Major vendors operating in the global unified data management (UDM) solutions market include Cisco System, Mpirical Limited, International Business Machines (IBM) Corporation, Amazon Web Services, Microsoft Corporation, Oracle Corporation, SAP SE, Teradata Corporation, Cloudera, Inc., Dell Boomi, Tibco Software Inc., SAP NetWeaver, Triniti Corporation, New Relic, and Google Inc.

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Pragati Pathrotkar

Pragati’s longstanding experience in the field of market research is reflected in her insightful news articles on business, science, and technology as presented on Edition Truth. Her interest lies in understanding the ramifications of cultural diversity, green behavior, ecommerce, economic progress, and technical consciousness on these increasingly consumer-oriented industries. Her understanding of digital marketing techniques gives her news stories an engaging twist.

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