Data governance is the process of managing the availability, integrity and security of the data in enterprise systems, based on internal data standards and policies that also control data usage. Effective data governance helps in ensuring that the data is consistent and trustworthy and that it doesn’t get misused.
As of 2021 the Data Governance Market was valued at US$ 2.06 Billion and is expected to exhibit a CAGR of 21.2% during the years (2022-2030)
Market Leaders in the Data Governance Industry:
1) Microsoft Corporation
Microsoft Corporation is a multinational technology corporation based in America. Some of the best known products by the company are Internet Explorer, Microsoft Office Suite, and Operating Systems. In terms of revenue Microsoft ranked 21 in the Fortune 500 in 2020. The company was founded in April 4 by Bill Gates and Paul Allen and the headquarters are located in One Microsoft Way Redmond, Washington, U.S.
In January 2022, Microsoft announced, it had acquired Activision Blizzard, an American video game developer company for US$ 68.7. In January 2023, Microsoft made a multi-billion dollar investment deal with OpenAI, ChatGPT developer.
2) IBM Corporation
IBM Corporation (International Business Machines Corporation) is a multinational technology corporation that specializes in computer hardware, consulting services, nanotechnology etc. The company was founded in the year 1911 and the headquarters are located in Armonk, New York, U.S. the company was founded by Herman Hollerith, Charles Ranlett Flint, and Thomas J. Watson, Sr.
3) TIBCO Software Inc.
TIBCO Software Inc. is a software industry that is known to manufacture business intelligence tool Data visualization tool and Analytics and big data tools. The company was founded in the year 1997 and the headquarters are located in Stanford Research Park Palo Alto, California, U.S. The company was founded by Vivek Ranadive.