Data Preparation Market 2022: Industry Growth, Size, Share, Trends, Scope & Future Scope 2027
According to the latest report by IMARC Group, titled “Data Preparation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” The global data preparation market size reached US$ 3.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.2 Billion by 2027, exhibiting a growth rate (CAGR) of 22.88% during 2022-2027.
Data
preparation is the process of analyzing, structuring, combining, and organizing
raw data into curated datasheets. It is commonly utilized for self-service data
integration, science and discovery, business purposes, etc. Data preparation
ensures consistent and high-quality data to organizations for optimizing data
usage, interchangeability, collaboration, profiling, etc. It aids in
standardizing data formats, enriching source data, and removing outliers. As a
result, data preparation helps in making better business decisions, enhancing
data quality, fixing errors, etc. These processes find extensive applications
during mergers and acquisitions (M&A) activities across the globe.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Data Preparation
Market Trends:
The
growing volumes of data generated by various organizations, coupled with the
escalating demand for real-time insights into consumer behavior and
preferences, are currently driving the data preparation market. Additionally,
the rising adoption of automated solutions in data preparation systems is
further augmenting the global market. In line with this, the increasing
integration of advanced technologies, such as machine learning (ML) and artificial
intelligence (AI), to interpret, read, and flatten complex data structures, is
also catalyzing the product demand. Moreover, the sudden outbreak of the
COVID-19 pandemic is elevating the demand for data preparation software to
maintain large datasheets of the track records of affected patients and
vaccinated individuals, which is bolstering the market growth. In the coming
years, the rising demand for data analytical software by organizations to
explore analytics, increase analyst productivity, and improve organizational
data usage, is expected to fuel the data preparation market across the globe.
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Data Preparation
Market 2022-2027 Analysis and
Segmentation:
Competitive
Landscape:
The competitive landscape
of the market has been studied in the report with the detailed profiles of the
key players operating in the market.
Altair Engineering Inc., Alteryx Inc.,
Informatica, International Business Machines Corporation, Microsoft
Corporation, MicroStrategy Incorporated, Oracle Corporation, Qlik, SAP SE, SAS
Institute Inc., Tableau Software LLC (Salesforce.com Inc.) and TIBCO Software
Inc.
The report has segmented
the market on the basis on region, disc type, material type and end user.
Breakup
by Platform:
·
Self-Service
·
Data Integration
Breakup
by Tools:
·
Data Collection
·
Data Cataloguing
·
Data Quality
·
Data Governance
·
Data Ingestion
·
Data Curation
Breakup
by Deployment Model:
·
On-premises
·
Cloud-based
Breakup
by Enterprise Size:
·
Small and Medium-sized Enterprises (SMEs)
·
Large Enterprises
Breakup
by End User:
·
BFSI
·
Healthcare
·
Retail and E-Commerce
·
Manufacturing
·
Energy and Utilities
·
IT and Telecommunication
·
Transportation
·
Others
Breakup
by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
·
Middle
East and Africa
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Analyst for Customization and Explore Full Report with TOC & List of
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Key
highlights of the report:
- Market Performance
(2016-2021)
- Market Outlook (2022-
2027)
- Porter’s Five Forces
Analysis
- Market Drivers and
Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping
of the Competitive Landscape
If you need specific
information that is not currently within the scope of the report, we can
provide it to you as a part of the customization.
If you want latest primary
and secondary data (2022-2027) with Cost Module, Business Strategy,
Distribution Channel, etc. Click request free sample report, published report
will be delivered to you in PDF format via email within 24 to 48 hours of
receiving full payment.
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worldwide. We partner with clients in all sectors and regions to identify their
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advanced materials, pharmaceuticals, food and beverage, travel and tourism,
nanotechnology and novel processing methods are at the top of the company’s
expertise.
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