Global Enterprise Information Management Market is projected to grow at a significant CAGR of 17.95% during the forecast period. An enterprise information management software helps in determining the necessary choices to gauge all factors from an organizational perspective. The primary objective is to enhance the strategical allotment of resources based on competitive advantage.
The drivers for enterprise information management market are rise in business infrastructure and rise in competitive landscape of businesses. Startups are now emphasizing on building and designing network hubs and cloud infrastructure for resource sharing. Rising awareness for information security and data hacking are major factors driving the market growth. Digitalization in workspace also propels the market growth for the forecast period.
Increase in trend of BYOD also triggers the market growth for the forecast period. Lucrative opportunities in IoT is creating tremendous potential for market investment. However, significant costs, security loopholes and flawed data hierarchy might limit the market growth during the forecast period.
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By enterprise type, market is segmented as solution and services. Solution segment is further categorised as data integration, content management, enterprise architecture, data integration and data quality. By deployment, the market is segmented into on-premise and on-cloud. Segmentation by enterprise size involves large enterprises and small & medium enterprises. Industrial segmentation includes BFSI, IT & ITes, media, retail, telecommunication, utility manufacturing, education and government.
The market is geographically segmented as North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America market is likely to grow in the international market due to rise cloud and big data solutions for handling large data volumes. European market is expanding at a higher rate due to rapid inclination towards connected devices followed by IT policies and internet penetration.
The key players profiled in enterprise information management market report are IBM, OpenText, Oracle, SAP SE, Hewlett Packard Enterprises, Adobe Systems, Dell EMC, Techware Consulting, Microsoft Corporation and Hyland.
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