Data Governance - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)

The Data Governance Market size is estimated at USD 3.91 billion in 2025, and is expected to reach USD 9.63 billion by 2030, at a CAGR of 19.72% during the forecast period (2025-2030).

Key Highlights

• Data governance aims to ensure that an organization's data is available, of high quality, and secure by implementing policies and standards.
• Cisco reports that approximately five quintillion bytes of data are generated daily, underscoring the critical need for robust data governance solutions. These solutions are vital to managing an organization's information assets effectively, ensuring they are formally, proactively, and efficiently handled to maintain trust and accountability.
• Big data and the push for digital transformation are critical catalysts for data governance initiatives. Organizations are revamping their data management strategies to bolster their business intelligence as data volumes surge, driven by sources like IoT technologies.
• Data governance solutions are pivotal in helping organizations navigate challenges, such as data duplication and loss. In industries like BFSI, where vast amounts of personal and confidential data are handled, these solutions are instrumental in staying competitive through regular policy updates.
• A prevalent challenge in data governance is the need for more control over data, which can lead to compliance issues, especially with tightly regulated data categories like personal, healthcare, and payment information.

Data Governance Market Trends

Healthcare Segment Expected to Exhibit a Significant Growth Rate

• The healthcare industry generates copious amounts of data daily, encompassing patient records, medical research, and financial information. This data is pivotal, underpinning everything from patient care to financial management. Yet, as data volumes swell, ensuring accuracy, completeness, and security pose escalating challenges.
• Furthermore, data generation is skyrocketing, with the healthcare industry witnessing a surge in investments, particularly in IT infrastructure. Consequently, healthcare organizations must adopt robust information governance strategies to effectively handle, control, and comprehend this data deluge.
• IoT is revolutionizing healthcare, ranging from remote patient monitoring to seamless integration of medical devices. While IoT innovations enhance patient well-being and streamline care delivery, they also amplify the imperative for data governance in healthcare. The industry is grappling with the deluge of data from sensors, wearables, and other medical devices.
• Notably, the healthcare industry is witnessing a rise in data breaches, which are significantly impacting the industry. Even as firms bolster their security measures to combat evolving cyber threats, data breaches remain a significant concern.
• By instituting robust standards and policies for data management, healthcare entities can safeguard data integrity, ensure security, and meet regulatory mandates. Moreover, effective data governance can pinpoint areas for more efficient resource allocation, aiding in cost savings.

Asia-Pacific to Witness the Highest Market Growth

• Asia-Pacific is poised to emerge as the global hub for digital innovation, driven by rapid advancements in technologies like cloud computing, the Internet of Things (IoT), and big data analytics. These advancements are set to propel Asia-Pacific to a dominant position in the data governance market.
• Furthermore, escalating regulatory requirements in the region are set to bolster the growth of the data governance market. For example, the China Banking and Insurance Regulatory Commission (CBIRC) has rolled out stringent data governance guidelines for financial institutions, emphasizing data authenticity, accuracy, timeliness, and integrity. These measures are designed to safeguard client privacy through heightened data security protocols.
• Notably, China has taken a proactive stance on global data security. Foreign Minister Wang Yi, in Beijing, unveiled a comprehensive data security initiative covering everything from personal information to espionage. This initiative gains significance as the United States intensifies its scrutiny of China's tech giants, urging other nations to follow suit.
• China's leadership in 5G is undeniable. As of May 2024, the country boasted over 3.8 million 5G base stations, as reported by the Ministry of Industry and Information Technology (MIIT).
• With the widespread adoption of 5G in Asia-Pacific, businesses are set to amass even more data. The enhanced speeds of 5G networks will enable a surge in connected devices, like sensors and cameras, generating vast amounts of real-time data. Consequently, the demand for robust data management systems that are compliant with stringent data protection regulations is set to soar.

Data Governance Industry Overview

The data governance market is moderately competitive, with major players concentrating on expanding their customer base internationally. They do this through strategic collaborations to boost market share and profits. Notable players in this arena are Microsoft, IBM, and Oracle.

• In July 2024, Microsoft announced that its AI-powered solution, Purview Data Governance, aimed at consolidating governance and security functions, will be available to the general public on September 1. Rebranded as the "new Microsoft Purview experience," the solution will provide organizations with a centralized platform to streamline governance, policy enforcement, compliance, and security. Microsoft emphasizes the solution's pivotal role in overseeing all data-be it structured or unstructured-spanning Azure, Microsoft 365, on-premise setups, multi-cloud environments, and forthcoming SaaS applications.
• In May 2024, CG Infinity and BigID joined forces in a collaboration offering advanced AI governance, cutting-edge data security, and robust privacy compliance. Their focus extends to actionable data protection, culminating in enhanced data value. This partnership underscores a joint commitment to enabling organizations to gain comprehensive insights into their data.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support