The master data management market size is projected to grow from USD 9.5 billion in 2018 to USD 22.0 billion by 2023, at a CAGR of 18.3% from 2018 to 2023.
Looking at these numbers, it is quite evident that a strong data culture is a part of the new normal for businesses of all sizes who want to make smarter decisions and ensure business continuity in an uncertain market. These days with each business function being bombarded with heaps of data from myriad sources, CIOs and CDOs face challenges in leveraging the data efficiently and in a way that maximizes outcomes across all departments.
As we head into 2021, here are the top 5 MDM trends that CIOs can’t afford to miss out on this year.
Top MDM Trends 2021
*Source – Markets and Markets Analysis