According to the research report titled ‘Global Metadata Management Tools Market Size study, by Component (Tools, Services), by Metadata Type (Business Metadata, Technical Metadata, Operational Metadata), by Application (Data Governance, Risk and Compliance Management, Incident Management Product and Process Management, Other Applications), by Business Function (HR, Finance, Marketing and Sales, Legal, Operations), by Deployment Mode (Cloud, On-premises), by Organization Size (SMEs, Large Enterprises), by Vertical (BFSI, Retail and Consumer Goods, Government, Telecom and IT, Healthcare and Life Sciences, Manufacturing, Energy and Utilities, Transportation and Logistics, Other Verticals), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global metadata management tools market was worth USD 5.3 billion in 2020 and is anticipated to register a CAGR of 19% to reach a valuation of USD 17.9 billion by the end of 2027.
 

The expansion of global metadata management tools market is attributed to increasing importance of centralized data management, coupled with and rising need for trusted analytics and higher data quality.
 

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Metadata management tools include assemblages of knowledge or data catalogs which are organized into datasets (such as facilitating exploration, searchable tables and other arrangements). Different types of metadata include tags, titles, date of creation and source information and metadata management tools helps to make sure that the info is consistently described across business units or departments, offering a standard taxonomy as well as language for enterprise data.
 

In addition, the growing use of AI applications in metadata management will open up new prospects for worldwide metadata management tools market development. Market participants are also active in a variety of technology improvements and developments. As a result, the use of metadata management solutions across companies is predicted to increase, thereby boosting market growth.
 

However, a lack of understanding about the benefits of metadata management may stymie market growth, over the forecast period.
 

On the basis of component, the industry is divided into services and tools. Based on metadata type, the marketplace is divided into technical metadata, business metadata, and operational metadata.
 

Considering the regional landscape, North America market is touted to account for a substantial revenue share over the forecast period, owing to technological advancements, established IT infrastructure, and early adoption of new technologies in countries including Canada and the United States.
 

Key players influencing global metadata management tools market trends are Data Advantage Group, Collibra N.V, CentricMinds, Cambridge Semantics Inc., Adaptive Inc., ASG Technologies Group Inc., SAP SE, Oracle Corporation, Microsoft Corporation, and International Business Machines Corporation.