According to the report, published by MarketsandMarkets, the EMM market will experience significant market growth, with an estimated compound annual growth rate (CAGR) of 24.1%.
The key factors in driving this enterprise management growth include centralised management, increasing business data volume, operational efficiency and data quality management, regulations and risk and compliance management.
The risk management aspect in the report mainly covers the enterprise risks associated with financial risks, operations risks or an organisation’s network efficiency.
Organisations using risk management will enhance their risk intelligence capabilities for fighting against risk exposures. Risk management has become a necessity for the seamless functioning of a business, and thus demands the integration of metadata management tools and services.
In addition, graphically-rich and interactive tools help users make risk calculations in advance, with a better understanding of business and financial data, in terms of graphics, which eventually help enterprises to take optimum measures in a quick time.
The cloud deployment model is estimated to grow at a high CAGR during the forecast period.
Cloud deployment is said to be the fastest-growing deployment model in the EMM market, as it provides higher scalability and reduces the overall operational costs of enterprises. The vendors operating in the global market are focusing on developing robust cloud-based solutions in-line with the increasing migrations to the private or public cloud that would further enhance the market growth.
Moreover, the focus of dominant players in the market toward the development of cloud software to transfer on-premises applications to the cloud, and secure enterprise data in both the environments is believed to be accelerating the cloud-based deployment’s adoption. The market size of the cloud deployment model is expected to grow at the highest CAGR of 24.7% during the forecast period.
North America is expected to constitute the largest market share, followed by Europe; and APAC is estimated to grow at the highest CAGR.
North America is a home for the majority of the industries with a large operation base, and has witnessed a prominent adoption of cloud-based and on-premises data management and governance solutions in most of its industries.
The region is expected to be the largest for the adoption of enterprise metadata management solutions, due to higher spending on data management solutions, to achieve enterprise business goals using the governance, risk, and compliance management application.
In addition, factors including high penetration rate in the healthcare and life sciences, retail and eCommerce, and BFSI verticals are expected to drive the market growth. Moreover, the data generated through multiple sources is high, due to the increase in the usage of smart devices and the increasing digitalisation trends in the region that propel the market growth.
Nick Porter, director of ERP/CRM metadata specialists Silwood Technology suggested that “this forecast is encouraging as it reveals that metadata will move higher up the IT team’s agenda. It is important to keep in mind that even in today’s data centric world a great deal of valuable enterprise information is still processed and stored in traditional packaged applications from SAP, Salesforce, Oracle, Microsoft as well as a growing band of new cloud based vendors.”
“As we generate more data, and with new regulations appearing such as GDPR, finding metadata information in large and often complex packaged applications presents an often understated challenge.”
“Managing enterprise metadata will become a priority, especially as companies look to reduce their exposure to risk, such as fines for not knowing where personal data lies in their enterprise applications.”
“We’d advise anyone looking to implement an EMM solution to check to see how vendors meet the challenge of finding and incorporating ERP and CRM package metadata.”
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