We are in a data-driven world!

Needless to say about the significance and role of data in driving the businesses, globally.

As data utilization increased, the rules for governing data usage emerged rapidly in order to ensure high-quality data to the user base.

Alongside this, the dire need for data privacy and protection from emerging threats also increased.

All these are directly leading to the demand for data governance services, globally, presenting a promising future for the global data governance market.

As the market estimates, the global data governance market is estimated to grow from USD 1.8 billion in 2010 to USD 4.8 billion by 2024, at 24.5 percent CAGR.

Increasing demand for high-quality data and challenges pertaining to data regulations, privacy and security are driving the demand for data governance over the forecast period (2019-24).

Data Governance By Application

By Application, the global data governance market is segmented by incident management, compliance management, risk management, data quality and security management, among others.

Of these, compliance management is going to hold the majority share of the data governance market owing to the enterprise preference for a unique product and compliance management to meet the ever-changing consumer needs.

By Deployment, cloud-based solutions huge opportunity for the data governance market owing to the demand for cloud solutions among data governance service providers.

By Region, North America is expected to hold a major share of the global data governance market by region. While Asia-Pacific is expected to register the highest CAGR owing to the region’s data-driven culture and demand for high-quality data.