A recent report published by Infinium Global Research on the metadata management tools market provides in-depth analysis of segments and sub-segments in the global as well as regional metadata management tools market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional metadata management tools market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global metadata management tools market. According to the report, the global metadata management tools market is projected to reach 19.28 billion by 2027 from USD 6.46 Billion in 2020, growing at a CAGR of 17.07% over the forecast period of 2021-2027.

Market Insight

Digital technologies are rapidly penetrating all types of businesses around the world. Digitalization of business processes, digital marketing, digital documentation is some of such technologies. Thus, enterprises are adopting new digital strategies and initiatives accordingly. Metadata Management is one of the crucial practices for the success of digital strategies and initiatives undertaken by businesses. Metadata management is a type of data governance program that deals with Metadata. Letting a business user identify and search the information on a web-based user interface is the core functionality of metadata management. Further, the metadata management tools enhance this functionality and add more attributes to metadata management. The use of metadata tools enables the creation of enterprise models based on metadata from systems such as data modeling tools, data integration tools, data warehouses, and others.

The Covid-19 pandemic presented an opportunity to the Metadata management tools market. Accuracy of the time and date of collection of a biosample became of extreme importance. Thus, often an issue of life and death. Thus, the reporting of relevant metadata became important. Hence, the necessity of metadata management tools was felt by the players operating in the healthcare market and also by the government. Integrating the metadata related to the Covid-19 outbreak with ongoing research workflows became the need of the hour. The enterprises of all sizes felt the economic impact of the Covid-19 pandemic. They faced supply chain disruptions, changes in business operations, working of employees, and others. Thus, the management of relative metadata became important. Enterprises were compelled to adopt efficient metadata management methods and tools. This spiked the demand in the market. Metadata Management became important for businesses of all shapes and sizes around the world. Especially after the Covid-19 pandemic, the number of metadata generated by businesses processes is growing on day by day basis. As rightly said data is the new oil further explains the need for efficiently managing the metadata.

Metadata needs to managed properly. It needs to be structured to avoid its loss and confusion while selection. If not, it can cost businesses heavily and hampering its business operations. Thus, the tools required for metadata management have seen increased demand. The right structuring of metadata provides enterprises with accurate data models and critical business insights. On which further business strategies and operations can be planned. Therefore, there is strong growth in demand for metadata management tools by businesses. This factor is majorly driving the market. Another factor that is effectively driving the market is the growth in the application of metadata management tools. The changing nature and growing complexities in managing metadata have led to the emergence of new applications of metadata management tools. The only factor restraining the market is the cybersecurity threats. Cyberattacks and data breaches of metadata can cost business heavily. The tools used for metadata management are also vulnerable to cybersecurity threats. If they are compromised, it can lead to inappropriate management and structuring of metadata. New opportunities are expected to arise in the market as technological advancement such as AI, ML, and DL are incorporated with the metadata management tools.

North America is expected to dominate the market. Asia-Pacific is expected to be the fastest growing region in the market. North America region has always been ahead in adopting new technology innovations. Also, the businesses in the region greatly rely on metadata for the conduct of their business operations and the planning of future strategies. The emergence of budding startups offering new advanced metadata management tools has further aided the growth of the market in the region. In Asia-Pacific, there has been a rise in awareness of metadata management. Also, the regional players offering metadata management tools and solutions have been growing.

Segment Covered

The report on the global metadata management tools market covers segments such as component, deployment mode, metadata type, application, functionality, and end user. On the basis of component, the sub-markets include software and service. On the basis of deployment mode, the sub-markets include on-premise and cloud. On the basis of metadata type, the sub-markets include business, technical, and operational. On the basis of application, the sub-markets include data value, data analysis, data governance, and risk and compliance. On the basis of functionality, the sub-markets include data catalog, data lineage, data profiling, impact analysis, metadata ingestion and translation, and others. On the basis of end user, the sub-markets include IT, BFSI, healthcare, E-commerce, travel, tourism and hospitality, energy and utilities, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as IBM Corporation, Oracle Corporation, SAP SE, Rocket Software, Inc., Infogix, Inc., Tata Consultancy Services, Data Advantage Group, Inc., Informatica LLC, Smartlogic Semaphore Ltd, and Global IDs.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the metadata management tools market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.