Data governance market is projected to witness notable growth during the forecast period (2020–2030), on account of the increasing volume of data in organizations, growing concerns over data privacy, rising focus on regulatory compliance, and surging demand for solutions for improving data capturing, storage, and processing.
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Furthermore, the growing focus of companies on business intelligence and analytics for reducing customer risk is another key factor driving the growth of the market. Geographically, North America is projected to contribute the highest revenue to the data governance market during the forecast period. Owing to the presence of a significant number of data governance solution providers and the rapid adoption of new technologies, the market is expected to continue prospering in the region.
Moreover, the emergence of the internet of things (IoT), big data, and cloud technologies, coupled with the growth in the IT industry, is expected to generate lucrative opportunities for the market players in North America. Growing concerns over data privacy and rising focus on regulatory compliance can be viewed as the major factors driving the growth of the data governance market.
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This market research report provides a comprehensive overview of the data governance market
- Historical and the present size of the data governance market
- Future potential of the market through its forecast for the period 2020– 2030
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential