On June 17, the report “China Data Governance Market Share, 2021” released by IDC shows that the scale of China’s data governance platform market will reach 2.39 billion yuan in 2021. Among them, Alibaba Cloud ranks first in market share, and the Chinese system ranks second in data governance platform market share.
According to IDC’s definition, data governance platform vendors refer to vendors that take software platforms as their strategy, provide data governance software tools, and rely on partners to implement data governance services. In this market, large cloud service providers or IT giants are the main players.
The report divides the data governance market into the data governance platform market and the data governance solution market. Among them, the data governance platform market will reach 2.39 billion yuan in 2021, and the data governance solution market will reach 2.66 billion yuan in 2021. From a market growth perspective, the market size growth in 2022 is expected to be much higher than the annual growth in 2021.
IDC pointed out that after decades of development in China’s data governance market, the market demand has undergone major changes. In the past, data governance was carried out for a single data warehouse or BI, and a single master data management, metadata management, and data integration tool components could meet the needs. Today, the internal data architecture of enterprises is becoming more and more complex, and engineering solutions are required to do a good job in data governance.
At the same time, according to IDC analysis, data governance has extended from the government industry, financial industry, and energy industry to manufacturing, transportation, construction and other industries. Its value and necessity are gradually recognized, and its application prospects are becoming more and more extensive. The overall market will usher in rapid growth. As industry enterprises attach importance to data services and data value, the traditional data governance category is slightly narrower in today’s era of big data and intelligence, and the market needs new methodologies for data operations and data intelligence.
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