LeapZipBlog: Amanpreet's blog: Internet of Things boosts the Growth of MDM BPO Market

Internet of Things boosts the Growth of MDM BPO Market

January 23, 2020 by Amanpreet  

Master data management (MDM) is made up of different components like processes, standards, tolls and policies. It is employed to manage critical organizational data. MDM BPO is used for different types of services that include collecting, matching, aggregating, consolidating and quality-assuring. These services are used to ensure control and consistency in different applications of maintenance. Major advancements have been made in master data management in the recent years. These advancements have been fueled by latest technologies in information technology like Internet of Things. IoT technology is leveraged by major companies for its application in applications like cloud computing and big data analytics. Numerous startups have emerged that offer IoT services. Data generated by IoT provides actionable insights to organizations that can be used in master data management. Growth in IoT market penetration has surged the demand for master data management and the trend is anticipated to grow in future. Fact.MR report states that global MDM BPO market is projected to grow at 16.7% CAGR in the near future.

Organizations are making big investments in master data management as it is eyed as a parameter for success. It aids businesses to take quick decisions. Organizations generally face challenges of unstructured information and low quality data which negatively influences their business. Organizations are hiring BPOs to manage their data efficiently. MDM BPOs provide different components like combine power data and technology that combine together to form a comprehensive solution. These solutions enhance the customer satisfaction. Enterprises take help of MDM BPOs to make better business decisions that in turn improves their ROI. Fact.MR report forecasts global MDM BPO market to grow rapidly in forecast period and the revenue is expected to exceed US$ 10,000 by the end.

APEJ is witnessing rapid market growth

High IoT adoption rate and technological advancements cumulatively boost the businesses in regions like Europe and North America. These regions are anticipated to stay most profitable in the forecast period. Asia Pacific excluding Japan has surfaced as prominent region in outsourcing different operations and processes. APEJ is expected to own the majority share of the global market in the coming years. MDMS that are customer-centric are expected to lead e global market in data segments and it is expected to be responsible for half of the revenue of global market. Enterprise centric MDM is also exhibiting prominent growth and it is expected it generate one-third of the global MDM BPO market’ revenue.

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Global market can be segmented into several industries including Manufacturing, Healthcare & Pharmaceuticals, Retail & Consumer Goods, Aerospace & Defense and IT & Telecommunication. The most sought after function in MDM BPO market is expected to be financing & accounting along with HR. the most attractive industries in global market are BFSI and manufacturing. Small & medium enterprises lea the global market in terms of enterprise type segment with most lucrative opportunities. Major players profiled in global MDM BPO market are TCS, Talend, Magnitude Software, Cap Gemini, IBM Corporation and Informatica.

After reading the MDM BPO market report, readers get insight into:

  • Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
  • New, promising avenues in key regions
  • New revenue streams for all players in emerging markets
  • Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
  • Demand and uptake patterns in key industries of the MDM BPO market
  • New research and development projects in new technologies in key regional markets
  • Changing revenue share and size of key product segments during the forecast period
  • Technologies and business models with disruptive potential

The MDM BPO market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period. Key regions covered comprise:

  • North America
  • Latin America
  • Japan
  • APEJ
  • Europe

The evaluation of the competitive landscape in the MDM BPO market covers the profile of the following top players:

  • Informatica
  • Oracle Corporation
  • IBM Corporation
  • TIBCO Software
  • SAP
  • Genpact
  • Capgemini
  • Infosys Limited
  • Magnitude Software
  • Riversand Technologies, Inc

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