Enterprise Data Management Market Share

North America industry is expected to account for largest revenue share by 2037, propelled by rising incidents of data breach threats and presence of major key players in the region.. For instance, about 1,000 data breaches were noticed in 2020, exposing almost 150 million records solely in the United States. Furthermore, increasing investment in 5G technology in the region is also anticipated to be one of the major growth drivers of the market over the forecast period. As of 2020, approximately USD 250 billion had been invested in the development of 5G technology in the United States. Such factors are anticipated to propel the growth of the market over the forecast period in the region.

Additionally, the Asia Pacific region is projected to provide lucrative opportunity for the growth of the market over the region.  China is considered the leading country in 5G technology. As of 2021, more than 1 million 5G base stations have been installed in China. Furthermore, growing utilization and development of machine learning are also anticipated to foster the growth of the market throughout the forecast period.