Data Governance Market Value Could Exceed $5 Billion By 2025 Financialnewsmedia.com News Commentary Share this article Share this article PALM BEACH, Fla., Jan. 21, 2021 /PRNewswire/ -- In spite of the recent global pandemic, the global data governance market has been growing and is expected to continue for years to come. Data governance is a set of processes that ensures the systematic management and protection of important and critical data throughout the organization. It ensures trusted information is used for accounting, decision-making, and other critical business processes. With the advent of several data regulations by governments, it has become more critical than ever to ensure data within an organization is stored, used, and discarded appropriately. Organizations wish to achieve data regulation compliance to observe international and national laws and standards, along with industry-specific regulatory data requirements. Several US states are developing legislation and passing laws about data privacy that are similar to the General Data Protection Regulation (GDPR). Data governance solutions enable business users across verticals to efficiently and effectively monitor, manage, and control data movement across organizations. The increased use of mobile devices among individuals within an organization and the easy availability and ubiquitous accessibility of data have enabled organizations and individuals to adopt data governance solutions. Active Companies from around the market with recent developments this week include: