New York, USA, July 20, 2020 (GLOBE NEWSWIRE) -- Enterprise Data Management or EDM is a systematic approach of an organization that helps in governing, integrating, securing, and distributing data from multiple data sources of the organization. The implementation of EDM system also helps the organizations to transfer data among subsidiaries, applications, partners, and processes in a safe, secure, and efficient way.
Some Factors behind the Growth of the Market
In recent years, small and medium organizations have implemented enterprise data management system in order to control and monitor their businesses to ensure safety and security. With the rise of cyber attackers, the need of risk management has further been increased.
Moreover, by implementing risk management systems, the organizations will be able to manage and combat the risk of data breaching and thus safeguard the confidential data. These are the major factors driving the Growth of the Enterprise Data Management Market.
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Recent Advances in the Industry
As mentioned by a recent report by Research Dive, the most significant players of the enterprise data management market are IBM Corporation, NTT Communications Corporation, SAP SE, Cloudera, Inc., SAS Institute Inc., Microsoft, HP Development Company, L.P., VMware Inc., TierPoint, LLC, Amazon Web Services, Inc. and many others.
These market players are adopting several strategies including developing new technology, product launches, current technology upgradation, merger and acquisition, and collaboration to gain the highest enterprise data management market size. For instance:
Conclusion
Enterprise data management market is going to garner huge amount of revenue during the forecast period, according to a report by Research Dive. Apparently, due to the astonishing capabilities of the system, the adoption of enterprise data management system will witness a glorious high in the time to come.
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