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Master data management BPO has been gaining strong adoption among enterprises in North America region. Among North American countries, the U.S. was the major contributor, considering the established network infrastructure and presence of MDM service providers. High concentration of IT and telecom organizations and network developments in the U.S. is further aiding the adoption of BPO MDM services in the region.
According to a fresh market study, the master data management BPO is primed for a prosperous future. This is because MDM has the potential to generate business insights, enable effective decision making, and provide strategic direction for the organization.
To elaborate further on this rapidly growing market, Market Research Hub (MRH) has broadcasted this new study to its massive database, which is titled as “Master Data Management (MDM) BPO Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025”. According to the report key evaluations, the demand in the global master data management BPO will rise at an impressive CAGR of 13.4% during the forecast period of 2017 to 2025.
It has been analyzed that most of the organizations have indispensable need to devise a process of centrally managing data, which as a result drives demand for master data management. Furthermore, increase in need for compliance and verification, and escalating demand for data quality is driving the master data management BPO market.
MDM BPO provides services for collecting, matching, quality-assuring, and merging this data for certifying consistency and control in ongoing maintenance and application.
Looking the above factors, the analysts of the report has presented a detailed segmental analysis which clearly describes that how the market will shape up in near future. The segmental analysis of the report covers data on the basis of component, solutions, and end-user.
Furthermore, the geographical segmentation is also encompassed in the report which analyzes the scope of the market in different regions including North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. As per the findings, Asia Pacific is anticipated to be a high potential market for master data management BPO during the forecast period of 2017-2025.
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By component, the research has been classified on the basis of software and services. Services include consulting, system integration, master data management, operation and maintenance.
By solutions, the report covers product data solution, multi-domain MDM, and customer data. Major end-user include automotive, manufacturing, BFSI, retail, IT & Telecom and others.
Due to wider use of master data management BPO in IT and Telecom industry, the segment currently holds the largest share amongst them. Moreover, the research has also identified some of the factors such as the demand for MDM BPO is also gaining traction from increasing incidences of data breach and cyber-attacks.
The emergence of the Internet of Things (IoT) is also expected to open new revenue opportunities in the master data management BPO market.
This report also profiles key players operating in the global master data management BPO market, which are Riversand, Informatica Corporation, Atos SE, Reltio, Tibco Software, Stibo Sysytem, Inc, Spacepage, Accenture, Almaviva, Capgemini SE, Almaviva, Tata Communication Services, Ltd.
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