Global Data Prep Market Analysis 2019 - Leading Players Microsoft Corporation, IBM Corporation, TIBCO Software, SAP SE, SAS Institute, Alteryx, Informatica, Altair Engineering, Talend, TABLEAU SOFTWARE and Others

The Global Data Prep Market report has estimations of CAGR values which are very important for businesses in deciding upon the investment value over the time period. This market report examines market drivers, market restraints, challenges, opportunities and key developments in the Information and Communication Technology industry. The precise and state-of-the-art information provided via this report helps businesses get aware about the types of consumers, consumer’s demands and preferences, their point of view about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the 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.

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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.

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.

Market Restraints:

• There is lack of awareness and skilled workforce in Data prep. this is also expected to act as a restraint to the market growth.

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.

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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.

Segmentation: Global Data Prep Market

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

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.

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

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