Data Governance Market Size and Future Trends for 2030
Global Data Governance Market size was valued at USD 3.84 Bn in 2023 and is expected to reach USD 15.73 Bn by 2030, at a CAGR of 22.32 % over the forecast period.
at USD 3.98 billion in 2022 and is projected to reach USD 14.14 billion by 2030, growing at a CAGR of 17.3% during the forecast period (2023-2030). Data governance ensures that data is accurate, accessible, secure, and properly managed throughout its lifecycle, driven by the growing importance of regulatory compliance, data quality, and data privacy concerns.
the increasing need for organizations to manage data effectively and comply with stringent data protection regulations such as GDPR and CCPA. Key opportunities lie in the rising demand for cloud-based data governance solutions, integration of AI and machine learning in data management, and expanding use of data analytics across industries like healthcare, finance, and IT. Sample Request
Enterprises by Deployment Model On-premises Cloud by Industry Vertical BFSI Government and defense Construction and engineering Retail and eCommerce Healthcare & Life science Telecommunications and IT Manufacturing Energy and utilities Others
driven by the high adoption rate of advanced technologies and the presence of key players. Stringent data protection laws and an emphasis on data security fuel the growth. ▪ Europe: The market is growing steadily, supported by regulatory frameworks such as GDPR. Companies are increasingly adopting data governance solutions to ensure compliance with these regulations. ▪ APAC: The APAC region is expected to witness significant growth due to rapid digital transformation, the increasing use of big data, and the growing focus on data privacy across countries like India, China, and Japan.
governance offerings by integrating advanced data management and governance technologies for cloud applications and hybrid environments. ❑Talend acquired Zettaset, expanding its capabilities in data governance and improving data integration services, especially for big data platforms, thereby strengthening its position in the data management market. ❑IBM acquired Truven Health Analytics, bolstering its data governance solutions within the healthcare sector, enabling better management and protection of health-related data while adhering to regulatory standards. Buy This Report