Press release
Data Preparation Market Size, Status and Future Outlook 2026 | Informatica LLC, IBM Corporation, SAS Institute Inc., Microstrategy
The data preparation market was valued at USD 1,324.15 million in 2020 and is projected to reach USD 2,983.99 million by 2026 at a CAGR of 14.5% during the forecast period (2021 - 2026).Request for PDF Brochure:
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The companies are demanding fast debugging time to generate meaningful insights than ever to sustain in the market, owing to digital disruption. As a result, the analytics requirement, particularly data analytics, is becoming pervasive among different organizations. The data analytics professionals and companies are finding difficulties in driving insights, owing to rising complexities in the procurement of data.
Top leading Manufacturers Profiled in Data Preparation Market Report are: Informatica LLC, IBM Corporation, SAS Institute Inc., Microstrategy Inc., Salesforce.com Inc. (Tableau Software Inc.), SAP SE, Alteryx Inc., Rapid Insight Inc., Unifi Software Inc., Qlik Technologies Inc., Paxata Inc., Trifacta Software Inc., ClearStory Data Inc., Oracle Corporation
Regional Analysis for Data Preparation Market:
For a comprehensive understanding of market dynamics, the global Data Preparation market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.
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IT and Telecom Segment is Expected to Hold a Significant Market Share
- Telecom and IT companies worldwide are creating data gold mine, as they generate plenty of data. The lack of effective analysis of both, unstructured and structured data to get more profound insights into customer behavior, as well as the growing need to analyze their preferences and service usage patterns in real-time, is motivating these companies to adopt data analytics, which is indirectly impacting the markets growth.
- Moreover, data solutions help the IT and telecom industry to empower exploratory analytics, increase analyst productivity, and improve organizational data usage. While telecommunications providers are used to dealing with large volumes of customer data, the considerable complexity of modern-day data is a new challenge.
- For instance, vendors such as IBM Corporation have helped many leading telecom industry data analytics providers re-engineer their market measurement products. The effort included restructuring data integration processes, developing new custom user interfaces, and making workflow automation. As a result, a new product developed delivered high-quality services to IBM customers while simultaneously reducing the volume of support, which is needed by 55%. Further, the integration of the ML solution with data preparation tools is significantly gaining the market.
What is the Impact of Covid-19 Outbreak on the Data Preparation?
- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.
- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.
- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global Data Preparation.
- Data Preparation Market Size in 2021
- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.
Industry Recent Developments and Updates
- June 2020: IBM Corporation announced its plans to integrate Anacondas Python-based data science platform into its Watson Studio and Cloud Pak data offerings to advance open-source AI development. Watson Studio, IBMs data prep and model building platform, will, in turn, be offered on Anacondas repository. It will allow data scientists to manage AI projects in an enterprise-grade environment.
- February 2019 - Tableau expands data prep capabilities with Tableau Prep Conductor, a product that enables organizations to schedule and manage self-service data preparation. Tableau Prep Conductor is part of a new subscription offering called Tableau Data Management Add-On. This helps the customers to ensure that governed and timely data is available and ready for analysis.
Frequently Asked Questions about the Data Preparation market:
- What are the recent developments and government policies?
- What are the top trends in the Data Preparation market?
- What is the growth rate of the market?
- Which Is the Most potential market segment?
- Which are the top industry players in the Data Preparation market?
- Which region would offer high growth for vendors in the market?
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The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
We Offer Customization On Report Based On Specific Client Requirement:
– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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