Master data management market grew 30% in 2006
The slow-growth Master Data Management (MDM) market suddenly exploded with a YTY increase of over 30% from 2005 to 2006. For the next 5 years, the market will grow more quickly than it has in the past, and this segment is expected be one of the fastest emerging software markets. The worldwide market for MDM is expected to grow at a compounded annual growth rate (CAGR) of 14.7% over the next five years. The market was $680 mln in 2006 and is forecasted to be over $1.35 bln in 2011, according to ARC Advisory Group.