Data Prep Market Rise at a Highest CAGR of 26.00% and Dominated by Microsoft Corporation, IBM Corporation, TIBCO Software, SAP SE, SAS Institute, Alteryx, Informatica, Altair Engineering, Talend, TABLEAU SOFTWARE and Others

The Data Prep Market report displays important product developments and tracks recent acquisitions, mergers and research in the Information and Communication Technology industry by the key players. Data Prep Market report also puts light on the company market share analysis and key company profiles which are the major aspects of competitive analysis. Being a verified and reliable source of information, this market research report offers a telescopic view of the existing market trends, emerging products, situations and opportunities that drives the business in the right direction of success. An array of objectives of the marketing research has been considered to generate this best market research report.

All of the parameters of Data Prep Market report are estimated and analysed by a team of innovative, enthusiastic and motivated researchers and analysts so that nothing lefts uncovered in the report. The best solution is offered with the systematic study of all these parameters that is performed by the experts. The report holds a great value for both usual and emerging market players in the Information and Communication Technology industry and provides in-depth market insights. The report is prepared by taking into account the market type, organization volume, accessibility on-premises, end-users’ organization type, and availability at global level in areas such as North America, South America, Europe, Asia-Pacific, Middle East and Africa.

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Market Analysis: Global Data Prep Market

Global Data Prep Market is expected to rise from its initial estimated value of USD 3.38 billion in 2018 to an estimated value of USD 21.48 billion by 2026, registering a CAGR of 26.00% in the forecast period of 2019-2026. This rise in market value can be rising need for adhering to regulatory and compliance requirements.

Major Market Competitors/Players

Few of the major competitors currently working in the data prep market are

• Microsoft Corporation (US),

• IBM Corporation (US),

• TIBCO Software Inc. (US),

• SAP SE (Germany),

• SAS Institute Inc. (US),

• Alteryx, Inc. (US),

• Informatica (US),

• Altair Engineering, Inc. (US),

• Talend (US),

• TABLEAU SOFTWARE (US),

• QlikTech International AB (Sweden),

• Microstrategy Inc.(US),

• Rapid Insight Inc. (US),

• Unifi Software Inc.(US),

• First Data Corporation (US),

• Paxata Inc.(US),

• Trifacta Software Solutions, Inc. (US),

• ClearStory Data Inc.(US),

• Oracle (US),

• Lavastorm Analytics Inc.(US),

• Others.

Market Definition: Global Data Prep Market

Data prep is the process of collecting data into one data, for use 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. 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, and others. Increasing importance of on-time qualified data and rising need for adhering to regulatory and compliance requirements may act as the major driver in the growth of data prep market. On the other side, lack of awareness & expertise and other operational challenges may hamper the market.

Key Developments in the Market:

• In Sep 2018,Trifacta launched Google Cloud Dataprep. Trifacta, the global leader in data preparation, this technology has accelerated the productivity of analysts on GCP, allowing them to prepare and analyze data within the same environment.

• In April 2018, Tableau announces two new data prep and subscription offering products. Tableau’s new tailored offering is designed to deliver more value, which will give full analytics capabilities to analysts and power users.

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Competitive Analysis

Global data prep market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of data prep market for Global, Europe, North America, Asia-Pacific, South America and Middle East and Africa.

Market Drivers:

• Rising need for adhering to regulatory and compliance requirements that are expected to drive the market growth.

• There is Increase in importance of on-time qualified data is expected to drive the market growth.

• Benefits of streamlined business operations is driving the market

• Data prep tools help companies in predictive business analytics is also expected to drive the market growth.

Segmentation:

By Platform

• Self-Service Data Prep
• Data Integration

By Tool

• Data Curation
• Data Cataloging
• Data Quality
• Data Ingestion
• Data Governance

By Enterprise Size

• SMEs and Mid Sized
• Large Enterprise

By Deployment Model

• Hosted
• On-Premise

By Vertical

• Banking, Financial Services, and Insurance
• Government
• Healthcare
• Retail and E-Commerce
• Manufacturing
• Energy and Utilities
• Transportation
• IT and Telecommunication
• Others

By Geography

• North America

• South America

• Europe

• Asia-Pacific

• Middle East and Africa

Table of Content: Global Data Prep Market – Industry Trends and Forecast to 2026

Part 01: Executive Summary

Part 02: Scope of The Report

Part 03: Global Data Prep Market Landscape

Part 04: Global Data Prep Market Sizing

Part 05: Global Data Prep Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

And More…..Get Detailed TOC | at https://databridgemarketresearch.com/toc/?dbmr=global-data-prep-market

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