Data Preparation Market is expected to grow at CAGR 14.45% during the forecast period, 2025
Published Date | 2019 April 6
According to BlueWeave Consulting, the global Data Preparation market is anticipated to worth USD 1,015 million in 2019, with a CAGR of 14.45% during 2019-2025. The Global Data Preparation Market is expected to grow with a significant rate during the forecast period 2019-2025, owing to the growing application of data preparation to find the solution from collected structured and non-structured data. The rising demand for Data Preparation tools to improve the quality and integrity of data with techniques like parsing for advanced cleansing and fuzzy matching. Data Preparation tools help in repeatable workflow design that speeds up the data delivery process, ultimately resulting in improved productivity is expected to boost the Data Preparation market in the upcoming year.
Moreover, the major factor driving the market growth is the high investments in channel partnerships, service conveyance, system integration, and analytics technology. Furthermore, the availability of a large volume of data led to the rising of big data has caused development in data storage technologies. It caused to rise in need to analyze internal, as well as external sources of data generated by organizations daily, will accelerate the growth of the Data Preparation market. Additionally, the Modernization of business operations and the growing use of data preparation tools in business analytics will contribute to Data Preparation market growth during the forecast period.
Data Integration platform of the Data Preparation market is projected to be the leading segment of the overall market during the forecast period.
Based on Platform, the Data Preparation market has been segmented into Self-Service Data Preparation and Data Integration. Data Integration dominates the global Data Preparation owing to it helps in improving the value of a business’ data over time, Reduces errors (and rework), and Improves collaboration and unification of systems. Self-Service Data Preparation will enhance by help in integrating and analyzing the data collected from IoT devices led to organizations can develop their business intelligence.
Data Ingestion tool of the Data Preparation market is projected to be the dominating segment of the overall market during the forecast period.
Based on Tool type, the Data Preparation market segmented into Data Curation, Data Cataloguing, Data Quality, Data Ingestion, and Data Governance. Data Ingestion dominates the global Data Preparation owing to increasing demand in government and large enterprises. Data Cataloguing will drive by continuous analyze IoT data that generate large volumes of data.
The on-premise type of Data Preparation market is projected to be the leading deployment segment of the overall market during the forecast period.
Based on Deployment Type, the Data Preparation market has been segmented into On-Premise and Cloud. On-premise is anticipated to lead the market owing to rising demand in BFSI, government, telecom, and IT. The cloud market will drive growing its uses in IT & ITes for its data security and accessibility performance.
IT & ITES is projected to lead the industry for utilizing applications of the Data Preparation during the forecast period.
Based on the End-User Industry, the global Data Preparation market segmented into BSFI, Healthcare, Retail, Manufacturing, IT, and Telecommunication. By End-User Industry, IT & ITES will lead the market owing to the growing adoption of Data Preparation for managing a large volume of data.BFSI market is boom by the forecast period owing to the growing huge amount of data storage in the banking sector coupled with increment in the risk & fraud analytics.
North America accounts for the lion’s share of the global Data Preparation market during the anticipated period.
Based on the region, the Data Preparation market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America dominates the world Data Preparation market over the forecast period owing to the presence of major companies coupled with the huge adoption of application of Data Preparation in various industries like retail, banking, etc. The Asia Pacific is projected to be the fastest-growing market throughout the forecast period due to the rapid expansion of IT services coupled with the growing demand for data preparation in the government and banking sector.
Global Data Preparation Market Competitive Landscape
Companies such as Informatica Corporation, Alteryx, Inc., Tibco Software Inc., International Business Machines Corporation, SAS Institute, Microsoft Corporation, Tableau Software, Inc., Datawatch Corporation, SAP SE., Qlik Technologies Inc., Talend and MicroStrategy Incorporated are the key players for providing Data Preparation services.
Explore full report with detailed TOC, “Global Data Preparation Market Size, by Platform (Self-Service Data Preparation, Data Integration), by Tool Type (Data Curation, Data Cataloguing, Data Quality, Data Ingestion, Data Governance), by Deployment Type (On-Premise, Cloud), by End-User Industry (BSFI, Healthcare, Retail, Manufacturing, IT and Telecommunication) by Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Growth Potential, Trends Analysis, Competitive Market Size and Forecast, 2019-2025” at https://www.blueweaveconsulting.com/global-data-preparation-market-bwc19142