데이터 거버넌스 솔루션에 대한 수요가 증가하고 있습니다. 기업이 수집하는 데이터의 양이 지속적으로 증가하고 복잡해지고 있는 것이 주요 원인입니다. 데이터는 소비자 연락처, 구매, 소셜 미디어, 인터넷 연결 기기(IoT) 등 다양한 소스에서 수집됩니다. 기업들은 데이터에 빠져들고 있으며, 이를 적절히 관리할 수 있는 방법이 필요합니다. 데이터 거버넌스는 정보가 사용 가능하고, 정확하고, 안전하고, 규정을 준수하도록 보장함으로써 구조를 제공합니다. 시장 규모는 2023년 36억 7,625만 달러를 돌파하고 2031년에는 179억 1,224만 달러에 달할 것으로 예상됩니다.
GDPR(EU 개인정보보호규정)(EU 개인정보보호규정) 및 CCPA와 같은 규제 강화와 더불어, 데이터의 홍수로 인해 기업들은 데이터 프라이버시와 보안을 우선순위에 두어야 합니다. 데이터 거버넌스는 이러한 규제를 준수하고 사용자 정보를 보호할 수 있는 종합적인 체계를 마련함으로써 기업을 돕습니다. 이를 통해 막대한 벌금을 피할 수 있을 뿐만 아니라 고객의 신뢰를 높일 수 있습니다. 이에 따라 데이터 거버넌스 시장은 향후 빠르게 성장할 것으로 예상됩니다. 비용 효율적이고 효율적인 데이터 거버넌스에 대한 수요가 증가하면서 2024년부터 2031년까지 연평균 21.89%의 시장 성장률을 나타낼 것으로 예상됩니다.
데이터 거버넌스 시장 정의/개요
데이터 거버넌스는 조직에서 데이터의 가용성, 유용성, 무결성 및 보안을 종합적으로 관리하는 것을 말합니다. 데이터 거버넌스는 정보의 효과적이고 효율적인 활용을 보장하기 위해 설계된 프로세스, 책임, 규정, 표준 및 측정 기준의 시스템으로 구성됩니다. 데이터 거버넌스는 데이터의 생성부터 저장, 공유, 보관에 이르기까지 데이터 라이프사이클 전반에 걸쳐 기업이 데이터를 관리하는 프로세스를 말합니다.
데이터 거버넌스의 기본 목적은 법적 규제를 준수하면서 데이터를 정확하고 일관성 있게 관리하고, 허가된 사용자가 데이터를 사용할 수 있도록 하는 것입니다. 데이터 거버넌스는 의료, 은행, 소매, 제조 등 다양한 산업에서 활용되고 있으며, 데이터 처리 및 품질 관리에 대한 표준화된 접근 방식을 제공하여 의사 결정, 운영 효율성 및 위험 관리를 개선하고 있습니다.
디지털 시대에 생성되는 데이터의 양, 다양성, 속도가 데이터 거버넌스의 확대와 진화를 촉진하고 있습니다. 기업들이 인공지능, 머신러닝, 빅데이터 분석과 같은 신기술을 도입함에 따라 강력한 데이터 거버넌스 프레임워크에 대한 수요는 더욱 증가할 것으로 보입니다. 조직 내 더 많은 사람들이 데이터를 활용할 수 있도록 하는 데이터 민주화, 데이터 거버넌스와 데이터 프라이버시 및 보안 조치의 통합과 같은 새로운 트렌드가 향후 영향을 미칠 것으로 보입니다.
데이터 윤리의 중요성이 강조되고 데이터 활용에 대한 개방성과 책임성이 요구됨에 따라 점점 더 복잡한 데이터 거버넌스 관행이 추진될 것으로 보입니다. 향후 AI를 활용하여 데이터 정책 및 컴플라이언스를 처리하는 자동화된 지능형 데이터 거버넌스 시스템이 확산되어 기업이 데이터 중심의 세계에서 복잡한 문제를 효과적이고 윤리적으로 처리할 수 있게 될 것으로 보입니다.
데이터 거버넌스 시장은 데이터 양과 복잡성 증가에 따라 확대될 것입니다. 전 세계 데이터 영역은 2018년 33제타바이트에서 2025년 175제타바이트로 확대될 것으로 예상되며, 기업은 데이터 자산을 관리하고 가치를 창출하기 위해 종합적인 데이터 거버넌스 계획을 수립해야 합니다. 이러한 급격한 데이터 증가는 데이터의 무결성, 사용 편의성, 보안을 보장하는 강력한 데이터 거버넌스 솔루션이 필요하며, 이는 고급 데이터 거버넌스 프레임워크와 기술에 대한 수요를 촉진하고 있습니다. 기업들이 방대한 양의 데이터를 처리하기 위해 노력하면서 데이터 거버넌스 시장은 크게 성장하고 있습니다.
규제 준수에 대한 요구가 데이터 거버넌스 시장을 주도하고 있습니다. GDPR(EU 개인정보보호규정)(EU 개인정보보호규정)과 같은 엄격한 데이터 프라이버시 법은 막대한 벌금을 부과하고 있으며, 유럽 연합 사이버 보안 기관(ENISA)은 2018년 5월부터 2022년 1월까지 16억 유로 이상의 벌금을 부과할 것으로 예상하고 있습니다. 이러한 막대한 재정적 위험으로 인해 기업들은 컴플라이언스를 보장하고 벌금을 피하기 위해 데이터 거버넌스 기술과 정책에 투자할 수밖에 없는 상황입니다. 규제 요구사항이 증가함에 따라 효과적인 데이터 거버넌스 솔루션에 대한 수요도 증가하여 시장 성장에 박차를 가하고 있습니다.
데이터 품질 문제는 데이터 거버넌스 시장의 성장에 영향을 미칠 것으로 보입니다. 부정확성, 불일치, 불충분한 정보로 정의되는 낮은 데이터 품질은 의사결정과 업무 효율성을 저해하는 요인입니다. 이러한 문제를 다루는 조직들은 데이터의 정확성, 일관성, 신뢰성을 보장하기 위한 강력한 데이터 거버넌스 솔루션의 중요성을 점점 더 많이 인식하고 있습니다. 효과적인 데이터 거버넌스 프로세스를 도입한 기업은 데이터 품질 문제를 해결하고, 데이터 관리 능력을 향상시키며, 데이터 자산에서 더 많은 가치를 창출할 수 있습니다. 이에 따라 데이터 품질 향상에 대한 관심이 높아지면서 데이터 거버넌스 솔루션에 대한 수요가 증가해 시장 성장에 기여할 것으로 전망됩니다.
지속적인 유지보수 및 업데이트는 데이터 거버넌스 시장의 성장에 영향을 미칠 것으로 보입니다. 데이터 거버넌스 솔루션이 지속적으로 효과적이고 변화하는 규정과 조직의 요구 사항을 준수하도록 하기 위해서는 지속적인 보수와 개선이 필수적입니다. 이러한 지속적인 의무는 자원을 필요로 할 수도 있지만, 강력한 데이터 거버넌스 시스템의 중요성을 강조하는 것이기도 합니다. 기업들이 데이터 무결성과 컴플라이언스를 보장하기 위해 노력함에 따라 종합적이고 최신의 데이터 거버넌스 솔루션에 대한 수요가 증가하여 시장 성장에 긍정적인 영향을 미칠 것으로 예상됩니다.
The demand for data governance solutions is increasing. The ever-increasing volume and complexity of data that enterprises acquire are primary factors. Data is collected from a variety of sources, including consumer contacts, purchases, social media, and even internet-connected devices (IoT). Businesses are drowning in data and require a method to manage it properly. Data governance provides structure by ensuring that information is available, correct, secure, and in compliance with regulations. The market size surpass USD 3676.25 Million valued in 2023 to reach a valuation of aroundUSD 17912.24 Million by 2031.
The data flood, combined with stronger rules such as GDPR and CCPA, is compelling businesses to prioritize data privacy and security. Data governance assists firms in putting in place comprehensive structures to ensure compliance with these regulations and the protection of user information. This not only avoids large fines but also increases customer trust. As a result, the Data Governance Market is projected to expand rapidly in the future years. The rising demand for cost-effective and efficient Data Governance is enabling the market grow at aCAGR of 21.89% from 2024 to 2031.
Data Governance Market: Definition/ Overview
Data governance is the comprehensive control of data availability, usefulness, integrity, and security in an organization. It consists of a system of processes, responsibilities, regulations, standards, and metrics designed to ensure the effective and efficient use of information. Data governance refers to the processes that businesses use to manage data over its entire lifecycle, from creation and storage to sharing and archiving.
The fundamental purpose is to ensuring that data is accurate, consistent, and available to authorized users while adhering to legal regulations. Data governance is used in a variety of industries, including healthcare, banking, retail, and manufacturing, to improve decision-making, operational efficiency, and risk management by offering a standardized approach to data processing and quality control.
The volume, diversity, and velocity of data generated in the digital age have driven the expansion and evolution of data governance. As enterprises implement new technologies like artificial intelligence, machine learning, and big data analytics, the demand for strong data governance frameworks will grow. Emerging trends, such as data democratization, which makes data available to a wider audience within an organization, and the integration of data governance with data privacy and security measures, will affect the future.
The growing emphasis on data ethics, as well as the requirement for openness and accountability in data utilization, will drive the creation of increasingly complex data governance practices. The future will most certainly see growing automated and intelligent data governance systems that use AI to handle data policies and compliance, ensuring that enterprises can negotiate the intricacies of the data-driven world effectively and ethically.
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The Data Governance Market will increase in response to increasing data volumes and complexity. With the global data sphere expected to grow from 33 zettabytes in 2018 to 175 zettabytes by 2025, enterprises must have comprehensive data governance plans to manage and extract value from their data assets. This exponential data increase needs strong data governance solutions to assure data integrity, usability, and security, which drives demand for advanced data governance frameworks and technologies. As businesses try to handle the challenges of huge data volumes, the Data Governance Market is primed for tremendous growth.
Regulatory compliance needs will drive the Data Governance Market forward. Stringent data privacy legislation, such as the GDPR, has resulted in significant fines, with the European Union Agency for Cybersecurity (ENISA) claiming more than €1.6 billion in penalties between May 2018 and January 2022. This huge financial risk forces businesses to invest in data governance technologies and policies to assure compliance and avoid penalties. As regulatory demands increase, so will the demand for effective data governance solutions, fueling the market's growth.
Data quality challenges will affect the growth of the Data Governance Market. Poor data quality, defined as inaccuracies, inconsistencies, and insufficient information, hinders decision-making and operational efficiency. Organizations dealing with these difficulties are increasingly recognizing the importance of strong data governance solutions to assure data accuracy, consistency, and reliability. Businesses that employ effective data governance processes can address data quality issues, improve their data management capabilities, and generate more value from their data assets. As a result, the rising emphasis on enhancing data quality would increase demand for data governance solutions, hence contributing to market growth.
The constant maintenance and updates will have an impact on the growth of the Data Governance Market. Continuous repairs and improvements are essential to ensure that data governance solutions remain effective and in compliance with changing rules and organizational requirements. While these continuous obligations may be resource-intensive, they also underscore the importance of strong data governance systems. As enterprises attempt to ensure data integrity and compliance, the demand for comprehensive and up-to-date data governance solutions will increase, favorably impacting market growth.
Cloud-based solutions currently dominate the Data Governance Market. The cloud-based segment of the Data Governance Market will rise owing to security and compliance. Organizations are rapidly migrating their data to the cloud, which presents new security and regulatory challenges. Cloud-based data governance solutions provide enhanced security features and compliance capabilities to help businesses protect their data and meet regulatory requirements. The requirement for improved data protection and adherence to compliance standards will drive demand for cloud-based data governance solutions, propelling the market segment forward.
The cloud-based segment of the Data Governance Market will rise due to its scalability and cost-effectiveness. Cloud-based data governance solutions can scale resources up or down based on organizational requirements, making them suitable for dealing with variable data quantities. Furthermore, they offer cost-effective alternatives to traditional on-premises systems by eliminating the need for large upfront hardware investments and continuous maintenance. The combination of scalability and cost-effectiveness makes cloud-based data governance solutions very appealing, which is driving the growth of this market segment.
The BFSI sector currently holds the dominant position in the Data Governance Market. The large volume and sensitivity of data will fuel the expansion of the BFSI (Banking, Financial Services, and Insurance) segment in the Data Governance Market. The BFSI industry handles massive amounts of sensitive financial and personal data, necessitating strict data governance policies to assure security, compliance, and accurate decision-making. The necessity to manage and safeguard this essential data drives the demand for strong data governance solutions that are suited to the BFSI industry's specific requirements, supporting the expansion of this market segment.
Increase in scrutiny and data breaches will fuel the expansion of the BFSI segment in the Data Governance Market. The BFSI sector is under increased regulatory scrutiny and faces considerable risks from data breaches, emphasizing the importance of strong data governance solutions to ensure compliance, preserve sensitive information, and reduce security risks. This increased emphasis on data security and regulatory compliance is boosting demand for sophisticated data governance frameworks in the BFSI industry, accelerating the growth of this market segment.
The Asia-Pacific region is expected to be the fastest-growing market for data governance. Government initiatives will propel the Data Governance Market in Asia-Pacific. Governments across the area are strongly fostering data-driven economies by investing in data infrastructure and implementing supportive regulations. Singapore's Infocomm Media Development Authority (IMDA) published its Artificial Intelligence Governance Framework in 2020, and it has been adopted by more than 15 businesses, highlighting the region's rising emphasis on data governance. In Japan, the Act on the Protection of Personal Information (APPI) and its recent modifications have underlined the importance of strong data governance processes, as indicated by the rise in data breach reports. These government-led activities are considerably increasing the usage of data governance solutions in the region, hence driving market growth.
Rapid digitization will fuel the Asia-Pacific Data Governance Market. The digital transformation of numerous industries is generating massive amounts of data, necessitating the urgent need for strong data governance solutions. The Asian Development Bank (ADB) predicts Southeast Asia's digital economy will rise to USD 1 Trillion by 2030, up from USD 170 Billion in 2021, highlighting the growing need for sufficient data governance frameworks.
According to NASSCOM, India's digital economy is estimated to reach USD1 Trillion by 2025, while its data analytics market will expand to USD 118.7 Billion by 2026. The region's digital data explosion is driving the demand for sophisticated data governance solutions as enterprises seek to efficiently manage and utilize their growing digital assets.
North America currently holds the dominant position in the Data Governance Market. Mature data management methods will fuel the Data Governance Market in North America. The region's significant expertise with massive datasets and sophisticated IT infrastructures provides a solid foundation for implementing data governance solutions. The US digital economy, which accounted for 9.6% (USD 1.85 Trillion) of GDP in 2019, emphasizes the importance of data-driven processes. A 2021 survey revealed that 96% of Fortune 1000 organizations are engaging in data projects, with 81% perceiving data as an essential asset.
Furthermore, the increasing usage of cloud-based solutions, which is employed by 90% of firms with 100 or more employees, emphasizes the importance of strong data governance for effective data management and security. This mature data management landscape is generating significant growth in the data governance industry, as enterprises seek complete solutions to improve their data practices.
The presence of large technological companies will drive the Data Governance Market in North America. North America has an advantageous climate that fosters advanced data governance solutions, thanks to the presence of top computer giants like IBM, Oracle, and Microsoft. The United States Bureau of Labor Statistics predicts a 15% increase in computer and information technology jobs between 2021 and 2031, indicating the growing impact of major digital corporations. In 2019, US exports of ICT-enabled services exceeded USD 517.9 Billion, demonstrating the global reach of North American IT companies. Furthermore, USD 507.4 Billion was invested in R&D in 2019, with a significant amount going toward software and IT services. This substantial investment stimulates innovation in data governance, reinforcing North America's leadership in the market and setting industry standards.
The Data Governance Market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.
The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the Data Governance Market include: