Metadata Management Tools Market Size, Share & Trends Analysis Report By Metadata Type (Business, Technical, Operational), By Deployment (Cloud, On-premise), By Application, By End-user, By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global metadata management tools market size was valued at USD 6.68 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 20.8% from 2022 to 2030. The increasing necessity for centralized data administration, the growing value of metadata management in data security, and the growing requirement for greater data quality and trustworthy analytics are the primary factors driving the growth of the metadata management tools processes. Implementation of metadata management tools and applications is likely to be driven by increased sales volume for SMEs in a variety of industries across the globe. Metadata increases the usefulness and discoverability of data, hence increasing its worth.

It is easier to discover and use data while using metadata management and giving business and IT teams the required and important data context. In the developed countries in North America and Europe, the implementation of these tools is on the rise as they serve various purposes, such as information retrieval and strict non-compliance fines on the violation of any private information that may be internal or external to the company.

The increasing adoption of metadata management tools across retail, industrial, IT & telecommunication, and BFSI industry verticals is fostering the expansion of the metadata management tools market in the forthcoming years. Many firms have spent a lot of time and money developing Data Warehouse projects that use tools to collect, load, and convert data into useful information for End-users all around the company.

Most businesses have already adopted cloud-based metadata management tools for storing their data in the cloud and it is more used in organizations because they are easily available and scalable. Metadata is managed independent of actual files in cloud-based metadata management.

The industry faces challenges like the selection of poor technology, costly implementation of tools and maintenance, missing metadata relationships, and applications built by Non-Metadata Professionals. The volume of data is also a big challenge as the tools must be able to manage a large amount of data effectively with the data being increased. Security and privacy is a huge concern that needs to be handled, tools must be able to ensure that the data is protected and remains confidential.

Metadata Types Insights

The technical metadata segment accounted for the largest revenue share with over 54% market share in 2021. The segment is also projected to lead in terms of growth rate owing to the significant implementation of data governance and management. Technical metadata refers to physical characteristics that aid in the loading of information from primary articles and technical attributes that are important for the presentation of data.

Technical metadata involves structural information like foreign key attributes and its primary focus is on organizing the various data sources and their attributes including data source, location, credentials, mapping, etc. Some examples of technical metadata include physical database tables, backup rules, access permission, mapping documentation, and many more.

The operational metadata segment is expected to witness prominent growth during the forecast period owing to substantial applications in the retail and logistics industry. Operational metadata handles data generation and management processes, as well as proper data measurement and analysis. Some of the examples of operational metadata include audit results, error logs, archive and retention rules, job execution logs, etc.

Deployment Insights

The cloud segment accounted for the largest revenue share of around 60% in 2021. The developments in cloud computing have transformed and enabled the creation of cloud-based metadata management Applications. In the Asia Pacific, the cloud segment is projected to witness significant CAGR over the forecast period. In 2021, the segment acquired the leading revenue share in North America due to the growth of cloud-based applications in the region.

The capability of cloud-based solutions to handle large data sets along with providing an improved experience has promoted several companies to choose cloud-based deployment over on-premises. Since most enterprises don’t have the networks and infrastructure capable of handling large datasets, there is a huge demand for cloud-based deployment in the market for metadata management tools.   

Application Insights

The data governance segment accounted for the largest revenue share of more than 40% in 2021. Data governance plays a prominent role in data management strategy. It includes a governing body, a set of standards and policies, and a plan to implement those standards and policies by making sure that data standards and policies are created and implemented consistently across the organization. Data governance is witnessing increased adoption in industries like government, healthcare, and finance.

Product and process management is expected to witness substantial growth during the forecast period. It is implemented by the companies for storing and managing all related information of a product and processes. The information includes information ranging from raw materials to construction of the product including the data required across several business processes from design to marketing. An ideal product and process data management system is accessible by multiple applications and teams across an organization and supports business-specific needs.

End-user Insights

The BFSI segment accounted for the largest revenue share with more than 23% of the market revenue in 2021. BFSI industries use metadata management tools for improved customer experience in the market. The increasing prominence of cloud-based metadata management tools helps in easy deployment and reduced operational costs for businesses.

Media & entertainment industry is witnessing substantial growth in the metadata management tools market. Vendors are focusing on data enrichment, automated reporting, analysis, and metadata insights, among others for improved customer experience and operations. Moreover, the rising number of client dealings outside of the branch through various channels including mobile, web, chat, and social media is expected to drive the adoption of corporate metadata management tools.

Regional Insights

North America accounted for the largest revenue share of 34% in 2021. The leading share is attributable to the presence of the majority of the organizations and vendors, with extensive operations and client bases, in the region.

Being an early adopter of technology along with the established economic structures, North America has witnessed the extensive implementation of cloud-based security applications, primarily among large businesses. The data governance deployments and management are considered highly effective by most organizations.

Asia Pacific is expected to witness substantial growth in the deployment of metadata management technologies over the forecast period owing to the growing digitalization and desire for highly centralized systems.

Key Companies & Market Share Insights

Vendors are focused on strategic initiatives such as collaborations, mergers & acquisitions, and partnerships. For instance, in August 2021, Microsoft and Collibra partnered for making the Collibra Data Intelligence Cloud available in the Microsoft Azure Marketplace, an online store offering applications. Collibra consumers will now have accessibility to the Azure cloud Application, with streamlined management and deployment, along with partner Deployments.

Similarly, in June 2021, Natuvion, smartShift, and Syniti announced their strategic partnership. The three companies have collaborated to assist enterprises in maximizing their growth with SAP opportunity by simplifying and accelerating the move to SAP S/4HANA.Some prominent players in the global metadata management tools market include:

• IBM

• Oracle

• SAP

• ASG Technologies

• Adaptive

• Cambridge Semantics

• Data Advantage Group

• Erwin

• Alex Deployments

• Natuvion

• Immuta

• CentricMinds

• Syniti

Metadata Management Tools Market Report Scope

Global Metadata Management Tools Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global metadata management tools market report based on metadata type, deployment, application, end-user, and region:

• Metadata Type Outlook (Revenue, USD Billion, 2017 - 2030)

  • Business Metadata

  • Technical Metadata

  • Operational Metadata

• Deployment Outlook (Revenue, USD Billion, 2017 - 2030)

  • Cloud

  • On-premise

• Application Outlook (Revenue, USD Billion, 2017 - 2030)

  • Data Governance

  • Risk and Compliance Management

  • Incident Management

  • Product and Process Management

  • Others

• End-user Outlook (Revenue, USD Billion, 2017 - 2030)

  • BFSI

  • Retail and Consumer Goods

  • Government

  • Telecom and IT

  • Healthcare and Life Sciences

  • Media & Entertainment

  • Transportation and Logistics

  • Others (Manufacturing, Energy & Utilities, etc.)

• Regional Outlook (Revenue, USD Billion, 2017 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

    • France

  • Asia Pacific

    • China

    • Japan

    • India

  • South America

    • Brazil

  • Middle East & Africa (MEA)