The master data management (MDM) software market reached $1.08 billion last year, according to a recent Information Difference Report on the MDM landscape. That’s a 24 percent growth rate over 2011.
How does that break down? Well, it doesn’t include systems integration (and keep in mind, integration plays a key role in MDM) or consulting revenues, but it does include:
That’s nice for software vendors, but what takeaways are in this report for CIOs and other IT leaders?
The report is available for free reading. Overall, it’s more market-focused and less in-depth in evaluating the actual tools, but you’ll find a graph ranking the top vendors and a list of the “significant MDM vendors.”
As an added bonus, you don’t have to provide your name and email to anyone to read this report.
While you’re on the site, click product, then landscape and check out the Data Quality Landscape, released the first quarter of this year.
Data quality is a bit tricky as a market, because it started as a stand-alone solution, but most vendors now incorporate data quality tools into broader data management suites, as the report notes.
“Master data management projects have data quality as a major component; indeed an Information Difference survey showed that master data projects consume on average 30 percent of their budget on issues related to data quality,” the report states. “Data quality is increasingly being regarded as just one facet of data governance, with ever more links between these areas.”
The newest area of convergence: More databases now offer “in-database data quality.”
The report explains how data quality technology is adjusting to new data situations, such as mobile devices and better geospatial data.
Again, with data quality, it’s going to be tricky because it’s often bought as part of a more holistic solution, but for what it’s worth, the happiest reports came from customers who use X88, Active Prime and Trillium, followed closely by the customers of Satori, Datactics, SAS, IBM and Informatica.