Latest News- Enterprise Information Management (EIM) Market: On-premises is expected to lead the Deployment segment during 2025-2029

The Enterprise Information Management (EIM) Market is being driven by Rising demand for digitalization

The Enterprise Information Management (EIM) Market is expected to grow at a CAGR of 17.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 106.1 billion. Enterprise Information Management (EIM) is a business strategy that optimally manages organizational information to enhance its utility and value. The primary goal of EIM is to govern information strategically. Technological innovations, such as cloud computing, blockchain, advanced analytics, big data, IoT, virtual assistants, machine learning, augmented reality, and virtual reality, are revolutionizing business processes. EIM enables enterprises to capitalize on these advancements, gaining a competitive edge. Furthermore, as data generation increases in volume and diversity, EIM offers cost-effective solutions for transitioning from conventional methods to contemporary models. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Deployment
  • On-premises
  • Cloud-based
• End-user
  • BFSI
  • Healthcare
  • Manufacturing
  • Retail
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising demand for digitalization
• Intensive growth of unstructured data across verticals worldwide
• Adoption of information as asset for process optimization and productivity

However, the market also witnesses some limitations, which are as follows:

• Integration challenges related to unscalable applications
• Threat to data security
• Data privacy concerns

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Market Scope in Enterprise Information Management (EIM) Market Research Report

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Research Analysis Overview

The Enterprise Information Management (EIM) market encompasses solutions that facilitate business intelligence, ensuring privacy and data integrity through robust governance. It includes catalogs and visualization tools for enterprise management effectiveness, enabling driven decision making. Lineage and strategy are key components, along with lifecycle management for fraud detection and monetization. As-a-service architectures and pipelines drive operations, while transformation and innovation are catalyzed through migration and onboarding. Compliance and security are governed by a strong framework, ensuring quality and fostering a driven culture for reporting, marketing, product development, and warehousing.

Market Research Overview

In the expansive IT software industry, the global market encompasses organizations specializing in the development and production of application, system, and database software. Among this sector, the application software market holds significance, focusing on solutions designed for business and consumer needs. This market segment includes enterprise and technical software, as well as cloud-based applications, excluding those classified under interactive home entertainment or systems software. Technavio's market analysis calculates the market size based on the consolidated revenue of these entities, incorporating both proprietary and open-source software providers. Efficient business processes, big data management, and timeliness are crucial factors driving the growth of the enterprise information management (EIM) market within this domain.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
Website: www.technavio.com/