Gauge theories induced by scalars in the fundamental representation of the U (N c ) gauge ×U (N f ) global group are investigated in the large N c and N f limit. A master field is defined from bilinears of the scalar field following an Eguchi-Kawai type reduction of spacetime. The density function for the master field satisfies an integral equation that can be solved exactly in two dimensions (D = 2) and in a convergent series of approximations at D > 2. While at D = 2 the system is in the same phase at all ǫ = N c /N f , it undergoes a phase transition at a critical value, ǫ c (D), for D > 2.