Data Quality Tools Market Analysis, Recent Trends and Regional Growth Forecast by 2025

The global data quality tools market grew at a CAGR of around 15% during 2014-2019. Data quality tools are used to analyze datasets and perform functions, such as data validation, standardization, monitoring, enrichment, cleansing, matching, parsing and profiling. This assists organizations in processing data related to consumer behavior, products, suppliers, finances and marketing. Consequently, these tools are employed in the retail, healthcare, manufacturing, telecommunications, information technology (IT), and banking, financial services and insurance (BFSI) sectors across the globe.

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At present, the market is experiencing growth on account of the burgeoning information technology (IT) and the emerging trend of digitalization. Apart from this, the increasing adoption of data quality tools, which are combined with data integration systems and mobile device management (MDM) products, to track problems, manage tasks and maintain workflow efficiency in an organization is also propelling the market growth. Other factors expected to strengthen the market growth include the development of cloud-based data quality tools, expanding product application in the healthcare sector and the increasing integration of the Internet of Things (IoT).

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Breakup by Data Type:

Customer Data
Product Data
Financial Data
Compliance Data
Others
Breakup by Functionality:

Data Validation
Data Standardization
Data Enrichment and Cleansing
Data Monitoring
Others
Breakup by Component:

Software
Services
Professional Services
Managed Services
Breakup by Deployment Type:

Cloud-based
On-premises
Breakup by Organization Size:

Small and Medium Enterprises
Large Enterprises
Breakup by Vertical:

Banking, Financial Services and Insurance
Telecommunication and IT
Retail and E-Commerce
Healthcare and Life Science
Manufacturing
Government
Energy and Utilities
Media and Entertainment
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
Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Ataccama Corporation (Adastra Corporation), Experian PLC, International Business Machines, Informatica LLC, Information Builders Inc., Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Syncsort Incorporated, Talend Inc., Tamr Inc., Trianz Inc.,

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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase 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.

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