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Enterprise Data Management Market Projected to Hit USD 1565.38 Billion at a 8.89% CAGR by 2030 – Report by Market Research Future (MRFR)

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New York, US, April 25, 2023 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), ” Enterprise Data Management Market: By Component, By Solutions, By Deployment – Forecast till 2030”, the market is predicted to thrive substantially during the assessment era from 2022 to 2030 at a healthy CAGR of approximately 8.89% to attain a valuation of around USD 1565.38 Billion by the end of 2030.

The global enterprise data management market is expected to grow significantly in the coming years, driven by the increasing adoption of cloud-based solutions and the growing need for real-time data management.

Covid-19 Impact:

The Covid-19 pandemic has had a significant impact on the enterprise data management market, with companies across industries forced to adapt to remote work and digital operations. As a result, there has been a growing demand for cloud-based data management solutions, as well as increased investment in cybersecurity to protect against the growing threat of cyber-attacks.

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Industry Trends:

One of the key trends in the enterprise data management market is the growing adoption of artificial intelligence (AI) and machine learning (ML) technologies. These technologies are being used to analyze and manage large amounts of data in real-time, enabling companies to make faster and more informed decisions.

Another trend in the market is the increasing use of cloud-based solutions for data management. Cloud-based solutions offer greater flexibility and scalability, allowing companies to easily scale up or down as their data management needs change.

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Report Scope:

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Report Metrics Details
Market Size by 2030 USD 1565.38 Billion
Market CAGR during 2022-2030 8.89%
Base Year 2021
Forecast 2022-2030
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Market Drivers The growing utility of the enterprise data management market across sectors, such as IT and logistics, can cause the enterprise data management market to surge.

Market Segmentation:

The enterprise data management market can be segmented on the basis of component, deployment mode, organization size, and vertical. By component, the market can be divided into software, services, and hardware. By deployment mode, the market can be segmented into on-premise and cloud-based. By organization size, the market can be divided into small and medium-sized enterprises (SMEs) and large enterprises. By vertical, the market can be segmented into BFSI, healthcare, IT and telecommunications, government, and others.

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Regional Analysis:

North America is expected to dominate the enterprise data management market, due to the presence of a large number of technology companies and increasing adoption of cloud-based solutions. The Asia-Pacific region is also expected to grow significantly in the coming years, driven by the increasing adoption of digital technologies in countries such as India and China.

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Competitive Analysis:

The enterprise data management market is highly competitive, with a large number of players operating in the space. Some of the key players in the market include IBM Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Teradata Corporation, Amazon Web Services, Inc., Microsoft Corporation, Informatica LLC, Talend Inc., and Cloudera Inc.

Key Players:

Some of the key players in the enterprise data management market include IBM Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Teradata Corporation, Amazon Web Services, Inc., Microsoft Corporation, Informatica LLC, Talend Inc., and Cloudera Inc. These companies are continuously investing in R&D and launching new solutions to stay ahead of the competition and meet the growing needs of their customers. With the rapid pace of technological development, the enterprise data management market is expected to witness significant growth in the coming years.

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IBM Corporation:

IBM Corporation is a leading player in the enterprise data management market, offering a wide range of solutions for data management, analytics, and AI. The company has been investing heavily in AI and ML technologies, and has recently launched a new range of cloud-based solutions that leverage these technologies to help companies manage their data more effectively.

Oracle Corporation:

Oracle Corporation is another key player in the market, offering a range of solutions for data management, analytics, and cloud computing. The company has recently launched a new cloud-based data management platform, Oracle Autonomous Data Warehouse, which uses AI and ML technologies to automate many of the tasks involved in data management.

SAP SE:

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SAP SE is a leading provider of enterprise software solutions, including solutions for data management and analytics. The company has recently launched a new cloud-based data management platform, SAP HANA, which is designed to help companies manage their data more effectively in real-time.

SAS Institute Inc:
SAS Institute Inc. is a leading provider of analytics software and solutions, with a strong focus on data management. The company has recently launched a new cloud-based solution, SAS Viya, which is designed to help companies manage their data more effectively and gain insights in real-time.

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Recent Developments:

One of the major recent developments in the enterprise data management market is the increasing adoption of cloud-based solutions. Cloud-based solutions offer greater flexibility and scalability, enabling companies to easily scale up or down as their data management needs change. Cloud-based solutions also offer greater cost savings compared to traditional on-premise solutions.

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Another recent development in the market is the growing use of AI and ML technologies for data management. These technologies are being used to analyze and manage large amounts of data in real-time, enabling companies to make faster and more informed decisions. This has led to the development of new solutions that leverage AI and ML technologies for data management, such as automated data quality, data governance, and data classification solutions.

 Furthermore, there has been a growing focus on cybersecurity in the enterprise data management market, with companies investing heavily in cybersecurity solutions to protect against the growing threat of cyber attacks. This has led to the development of new cybersecurity solutions that are specifically designed for data management, such as identity and access management solutions, data encryption solutions, and network security solutions.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.

The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development. 
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference. 
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
Original link: https://en.imsilkroad.com/p/342380.html
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CGTN: China honors individuals with highest awards in celebration of 75th National Day

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.

The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
 

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Kazakhstan Government Delegation Visited SUPCON

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HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.

The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
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