Key Takeaways
- The global Enterprise Data Management market size was valued at USD 89.34 billion in 2022
- The market is expected to expand at a compound annual growth rate (CAGR) of 12.1% from 2023 to 2030
- The North American market accounted for a dominant revenue share of over 35% in 2022
- 95% of businesses cite the need to manage unstructured data as a top problem
- Poor data quality costs the U.S. economy an estimated $3.1 trillion per year
- 60% of data scientists spend most of their time cleaning and organizing data
- 90% of all data in the world was created in the last two years
- The total amount of data created worldwide will reach 181 zettabytes by 2025
- Every person generated 1.7 MB of data per second in 2020
- The average cost of a data breach in 2023 was $4.45 million
- Ransomware attacks occur every 11 seconds worldwide
- 82% of breaches involve a human element (phishing, errors)
- Adoption of AI in data management has increased by 47% since 2021
- 60% of data for AI will be synthetic by 2024 to protect privacy
- Data Fabric deployments can reduce time to data delivery by 30%
The enterprise data management industry is rapidly growing due to increasing data volumes and governance needs.
Data Consumption and Storage
- 90% of all data in the world was created in the last two years
- The total amount of data created worldwide will reach 181 zettabytes by 2025
- Every person generated 1.7 MB of data per second in 2020
- 50% of corporate data is stored in the cloud
- Video streaming accounts for over 60% of all downstream internet traffic
- IoT devices are expected to generate 79.4 zettabytes of data by 2025
- Enterprise data storage grows at an average rate of 40% per year
- 52% of all data stored by organizations is "dark data" (unknown value)
- Redundant, obsolete, or trivial (ROT) data accounts for 33% of storage
- Cloud storage costs have dropped by an average of 10% annually
- 63% of enterprises use a data lake as part of their storage architecture
- Average enterprise manages ten different data storage platforms
- There will be 75 billion IoT devices by 2025, contributing to massive data ingestion
- 97.2% of organizations are investing in big data and AI
- 80% of enterprise data is stored in unstructured formats like emails and documents
- Average cost of storing 1 TB of data per year is approximately $3,351 on-premise
- Amazon S3 stores over 200 trillion objects as of 2023
- Hyper-converged infrastructure (HCI) market for data storage is growing at 24%
- Flash storage adoption in data centers has reached 55%
- Data egress fees from clouds account for 10% of total storage spend
- 40% of organizations have moved some data back from cloud to on-prem (cloud repatriation)
- Cold storage (archiving) accounts for 60% of the total digital universe
- Enterprises analyze only 1% of the data they collect
- Data center electricity consumption represents 1% of global energy demand
- 70% of organizations plan to increase their edge computing data spend
- Object storage capacity is growing at a 30% CAGR
- 45% of data backups are stored in a secondary cloud for disaster recovery
- By 2024, 75% of large enterprises will use at least four storage technologies
- Snowflake’s data sharing feature is used by 25% of its customer base
- Data compression can reduce storage requirements by up to 50% for standard files
Data Consumption and Storage Interpretation
Data Quality and Governance
- 95% of businesses cite the need to manage unstructured data as a top problem
- Poor data quality costs the U.S. economy an estimated $3.1 trillion per year
- 60% of data scientists spend most of their time cleaning and organizing data
- Data quality issues are responsible for an average loss of $12.9 million per year per organization
- Only 3% of companies meet basic data quality standards
- 27% of data in the world’s top companies is flawed
- Data governance initiatives can improve data analysis speed by 40%
- 70% of organizations lack a formal data governance strategy
- 54% of enterprises say data quality is their biggest barrier to AI success
- Customer data decays at a rate of 2% per month or 25% per year
- Inaccurate data leads to a 20% decrease in labor productivity
- 83% of organizations see data as an integral part of their business strategy
- 75% of executives don't trust their own data
- Companies with high data quality have 70% more revenue than peers
- 91% of organizations report that data quality impacts their customer experience
- Data lineage is a top priority for 65% of compliance officers
- By 2025, 80% of data governance tasks will be automated
- 40% of data management professionals cite "silos" as the biggest obstacle to data quality
- Duplicate data affects more than 25% of enterprise databases
- Data profiling is used by 78% of EDM leaders to ensure accuracy
- Metadata management reduces data analysis costs by 30%
- Global compliance with GDPR has increased data management overhead by 15%
- 61% of companies have a Chief Data Officer (CDO) to lead governance
- Data accuracy improved by 22% in firms using automated MDM
- 50% of data governance programs will fail without culturally-sensitive change management
- 88% of data leaders believe data quality is the biggest challenge to digital transformation
- 33% of firms struggle with tracking data provenance
- Verification of email addresses improves data quality by 12% in CRM systems
- Data stewardship programs increase data reliability by 35%
- Automated data discovery tools have increased governance efficiency by 50%
Data Quality and Governance Interpretation
Emerging Technologies and Trends
- Adoption of AI in data management has increased by 47% since 2021
- 60% of data for AI will be synthetic by 2024 to protect privacy
- Data Fabric deployments can reduce time to data delivery by 30%
- 70% of new data management applications will use a Data Mesh approach by 2026
- The market for Graph Databases is growing at a CAGR of 22.5%
- Generative AI could add $4.4 trillion to the global economy via data efficiency
- 50% of data engineering tasks will be augmented by AI by 2025
- Adoption of "Self-Service" data tools has increased by 35% in two years
- Multi-cloud data management is used by 76% of Fortune 500 companies
- Quantum computing in data cryptography is expected to be a $2 billon market by 2030
- 40% of organizations now use "Data Ops" to streamline pipelines
- Edge computing data spending to reach $208 billion in 2023
- Low-code/No-code data integration tools are growing at 25% CAGR
- Blockchain for data integrity is used by 12% of supply chain EDM systems
- 30% of CDOs will use "Data Contracts" to manage API quality by 2025
- 25% of enterprises will implement "Active Metadata Management" by 2024
- Real-time data streaming (Kafka/Flink) market is valued at $12 billion
- Augmented analytics adoption has reached 38% among large enterprises
- Vector databases for LLMs saw a 200% increase in VC funding in 2023
- 15% of data queries are now conducted via natural language interfaces (NLP)
- FinOps for data cloud cost management is adopted by 42% of IT teams
- Global spending on AI-centric systems reached $154 billion in 2023
- 20% of data governance is now managed by "Autonomous Agents"
- Data virtualization market is growing at 17% CAGR to reach $5 billion
- Serverless data processing usage grew by 60% in 2023
- 55% of companies are experimenting with "Customer Data Platforms" (CDPs)
- Observability tools are now integrated into 35% of data pipelines
- Data-as-a-Service (DaaS) market to grow by 10% annually
- Digital Twin data management investment will hit $48 billion by 2026
- 90% of enterprises use a container-based approach (Kubernetes) for data apps
Emerging Technologies and Trends Interpretation
Market Growth and Valuation
- The global Enterprise Data Management market size was valued at USD 89.34 billion in 2022
- The market is expected to expand at a compound annual growth rate (CAGR) of 12.1% from 2023 to 2030
- The North American market accounted for a dominant revenue share of over 35% in 2022
- The global Master Data Management (MDM) market is projected to reach USD 34.5 billion by 2027
- Cloud-based EDM solutions are expected to grow at a CAGR of 15.5% through 2028
- The European EDM market is expected to witness a CAGR of 11.2% due to strict GDPR compliance needs
- Asia-Pacific is projected to be the fastest-growing region with a CAGR of 14.8% through 2030
- The BFSI sector holds the largest market share of EDM revenue at approximately 22%
- Small and Medium Enterprises (SMEs) are expected to grow at the highest CAGR of 13.5% in data management adoption
- The software segment of EDM accounted for 60% of the total revenue in 2023
- The global Data Governance market size is estimated to be USD 2.1 billion in 2020
- The healthcare EDM segment is predicted to grow by USD 2.5 billion by 2026
- Retail industry EDM spending is expected to increase by 10% annually
- The global big data market is set to reach USD 273.4 billion by 2026
- Data integration tools represent 18% of the total EDM market spend
- The Metadata Management Tools market is growing at a CAGR of 18.2%
- Data quality tools market is expected to hit USD 4.2 billion by 2027
- 45% of enterprises prefer hybrid cloud deployments for data management
- Investment in AI-driven data management grew by 25% in 2023
- The data warehousing market is expected to reach USD 51.18 billion by 2028
- Professional services in EDM are valued at USD 15.6 billion globally
- Data security management sub-sector is growing at 16% CAGR
- The Middle East EDM market is expected to grow at 9.5% CAGR
- Structured data management still accounts for 70% of enterprise database revenue
- The unstructured data management market is growing 3x faster than structured data
- 80% of organizations will have deployed multiple data hubs by 2025
- The data catalog market is projected to reach USD 1.8 billion by 2026
- Large enterprises contribute 65% of the total revenue to the global EDM market
- The public cloud segment of EDM is expected to surpass USD 50 billion by 2027
- Managed services in EDM are growing at 14.1% annually
Market Growth and Valuation Interpretation
Security and Compliance
- The average cost of a data breach in 2023 was $4.45 million
- Ransomware attacks occur every 11 seconds worldwide
- 82% of breaches involve a human element (phishing, errors)
- 44% of data breaths involve customer PII (personally identifiable information)
- Companies take an average of 277 days to identify and contain a breach
- Data privacy regulations now cover over 75% of the global population
- GDPR fines totaled over $1.7 billion in 2022
- 60% of small businesses close within 6 months of a cyberattack
- Cybercrime costs are expected to reach $10.5 trillion annually by 2025
- 94% of organizations used some form of encryption to protect data in 2023
- Use of AI in security reduced breach costs by $1.76 million on average
- Only 21% of companies have a "Zero Trust" data security architecture
- 34% of data breaches are caused by internal actors (employees/contractors)
- Compliance spending for financial firms is 10% of their total revenue on average
- 71% of security professionals say data sovereignty is a top concern in the cloud
- 58% of organizations have over 1,000 sensitive files open to all employees
- Multi-factor authentication (MFA) blocks 99.9% of account takeover attacks
- Data masking is used by 45% of developers to protect test environments
- CCPA requests cost companies an average of $1,400 per individual request to fulfill
- Cloud misconfigurations cause 15% of all data breaches
- HIPAA violations can cost up to $50,000 per compromised record
- 80% of data breaches involve compromised passwords
- Organizations with incident response teams saved $2 million on breach costs
- 40% of organizations have data management policies but don't enforce them
- Data loss prevention (DLP) market is grows at 22% annually
- 62% of companies say the "Right to be Forgotten" is the hardest GDPR rule to follow
- 1 in 3 companies has been penalized for data non-compliance
- 85% of consumers will not shop with a company they don't trust with data
- Automation of data classification is a priority for 68% of CISOs
- Cybersecurity training reduces data breach risk by 70%
Security and Compliance Interpretation
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