The data prep market will reach at an estimated value of USD 34.08 billion and grow at a CAGR of 26.00% in the forecast period of 2021 to 2028. Rising importance of on-time qualified data is an essential factor driving the data prep market
Data prep is defined as the process of collecting data into one data, so that in can be used in analysis. One of the primary purposes of data prep is to ensure that information generated for analysis is accurate and consistent. The crucial part of data prep is to correct inaccuracies and it has its wide application in banking, financial services, and insurance, government, healthcare, retail and e-commerce, manufacturing, energy and utilities, transportation, IT and telecommunication among others.
Increasing need for adhering to regulatory and compliance requirement is a crucial factor accelerating the market growth, also rising benefits of streamlined business operations, increasing data prep tools help companies in predictive business analytics, which in turn increases the product demand, rise in importance of on-time qualified data and rising number of enterprises all over the globe are the major factors among others boosting the data prep market. Moreover, rising number of organizations harnessing the advantage of data preparation, rising need for deploying specific tools and technologies to increase data access and data convergence and increasing evolution of Iot will further create new opportunities for data prep market in the forecast period mentioned above.
However, increasing presence of data silos and increasing lack of awareness and expertise and other operational challenges are the major factors among others restraining the market growth, while rising difficulties in shifting from traditional architecture to new technologies and systems and increasing data security and privacy concerns will further challenge the data prep market in the forecast period mentioned above.
This data prep market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on data prep market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Data Prep Market Scope and Market Size
The data prep market is segmented on the basis of platform, tool, deployment model, vertical, and enterprise size. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of platform, the data prep market is segmented into
- Self-service data prep
- Data integration.
Based on tool, the data prep market is segmented into
- Data curation,
- Data cataloging,
- Data quality,
- Data ingestion
- Data governance.
Based on deployment model, the data prep market is segmented into
- On Premise.
Based on vertical, the data prep market is segmented into
- Financial services,
- Energy and utilities,
The data prep market is also segmented on the basis of enterprise size into
- Large enterprise.
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Data Prep Market Scope Country Level Analysis
The data prep market is analysed and market size, volume information is provided by country, platform, tool, deployment model, vertical, and enterprise size as referenced above.
The countries covered in the Data Prep Market report are
- Canada and Mexico in North America
- Rest of Europe in Europe
- South Korea
- Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
- Argentina and Rest of South America as part of South America.
Competitive Landscape and Data Prep Market Share Analysis
The data prep market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to data prep market.
The major players covered in data prep market report are
- Microsoft Corporation,
- TIBCO Software Inc.,
- SAP SE,
- SAS Institute Inc.,
- Alteryx, Inc.,
- Altair Engineering, Inc.,
- TABLEAU SOFTWARE,
- QlikTech International AB,
- Microstrategy Inc,
- Rapid Insight Inc.,
- Unifi Software Inc,
- First Data Corporation,
- Paxata Inc.,
- ClearStory Data Inc.,
- Lavastorm Analytics Inc.,
- Among other
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Data Prep Market by Product & Procedure type
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