Press release
Data Quality Tools Market 2021 (Covid-19 Analysis) Major Factors That Can Increase the Worldwide Demand
The Global Data Quality Tools Market 2021-2026 Report provides an introduction to the industry, including definitions, categories, applications, and the industrial chain structure. The Data Quality Tools Market investigation includes development trends, competitive landscape analysis, SWOT Analysis, and growth status for major regions for international markets. The report provides key statistics on the market status and is also a valuable source of guidance and advice to companies and individuals interested in the industry.The Data Quality Tools market is envisaged to record an expansion at the CAGR of 17.8% over the forecast period, 2021 – 2026
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Market Overview
Data quality tools generally address four primary areas: data cleansing, data integration, master data management, and metadata management. As data quality is a significant stake for large organizations, software companies are proposing increasing numbers of tools focusing on these issues. The scope of these tools is shifting from specific applications (de-duplication, address normalization, etc.) to a more global perspective, integrating all areas of data quality (profiling, rule-detection, etc.). Additionally, increasing mobile connectivity and the adoption of IoT across all industries have led to a high data explosion leading to the extraction of data from various sources. This complex data types and formats drives the demand for the data quality tools solutions. According to the Harvard Business Review (HBR), it costs ten times more to complete a unit of work with flawed data, and finding the right data quality tools has always been a challenge. By choosing and leveraging smart and workflow-driven self-service data quality tools with embedded quality controls, one can implement a system of reliability.
Top Data Quality Tools Market Company Profiles:
Informatica, IBM, SAS, SAP, Oracle, Trillium Software, Information Bulider, Experian, Ataccama, Talend, Pitney Bowes, RedPoint
Recent Devlopment
Experian’s largest acquisition to date was in 2013, when it acquired Passport Health Communications for $850M. It’s largest disclosed sale occurred in 2015, when it sold Baker Hill to The Riverside Company for $100M. Experian has acquired in 13 different US states, and 16 countries. The Company’s most targeted sectors include internet software and services (38%) and software (24%).
Market Segmentation
By Type:
On-Premises
Cloud
By Application:
Enterprise
Government
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Asia-Pacific Expected to Register the Highest Growth Rate
In terms of revenue, the Asia-Pacific region is identified as the fastest-growing data quality tools market. This is primarily due to the increasing interest in data quality improvement solutions and a rising focus on data-driven scientific and strategic decision-making practices. With the growth of smart cities and the proliferation of IoT devices, the region is expected to witness an ultra-growth in the future. Further, the start-up culture, flexible government policies, and the flourishing eCommerce business are also significant factors driving the region's market. China introduced unified regional gross domestic product (GDP) accounting in early 2020 accounting to boost the data quality. The National Bureau of Statistics (NBS) will lead the centralized accounting of regional GDP after the reform. It will help in the organization of local statistics offices to map accounting methods, map and standardize the unified procedures in accounting, conduct unified accounting, and release the results. The reform can give better play to the statistical supervision and provide more robust data support for macro-decision-making where efficient data quality tools could be used.
Data Quality Tools Market: Regional Outlook
The chapter for regional segmentation describes regional aspects of the Data Quality Tools Market. This chapter explains the regulatory framework that is likely to affect the wider market. It highlights the political scene in the market and predicts its influence in the Data Quality Tools Market.
The Middle East and Africa (GCC Countries and Egypt)
North America (USA, Mexico, and Canada)
South America (Brazil, etc.)
Europe (Turkey, Germany, Russia, Great Britain, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
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The report answers questions such as:
What is the market size and forecast of the Global Industrial Data Quality Tools Market?
What are the inhibiting factors and impact of COVID-19 shaping the Global Industrial Data Quality Tools Market during the forecast period?
Which are the products/segments/applications/areas to invest in over the forecast period in the Global Industrial Data Quality Tools Market?
What is the competitive strategic window for opportunities in the Global Industrial Data Quality Tools Market?
What are the technology trends and regulatory frameworks in the Global Industrial Data Quality Tools Market?
What is the market share of the leading vendors in the Global Industrial Data Quality Tools Market?
What modes and strategic moves are considered suitable for entering the Global Industrial Data Quality Tools Market?
Table of Contents: Data Quality Tools Market
Chapter 1: outline of Data Quality Tools Marketplace
Chapter 2: worldwide market reputation and forecast through areas
Chapter 3: worldwide marketplace popularity and forecast by using types
Chapter 4: worldwide marketplace repute and forecast by using Downstream enterprise
Chapter 5: marketplace riding issue evaluation
Chapter 6: market opposition reputation by major producers
Chapter 7: essential producers Presentation and market data
Chapter 8: Upstream and Downstream marketplace investigation
Chapter 9: Fetched and net part investigation
Chapter 10: advertising reputation research
Chapter 11: marketplace file end
Chapter 12: research technique and Reference
Customization:
The Global Data Quality Tools Market research may be customized to match your unique company requirements. We offer free 25 percent customization for any of our Market Intelligence Data reports to all of our clients since we understand what they want.
Impact of Covid-19:
The COVID-19 pandemic is still spreading, destruction on people, communities, and companies. Several industries' growth will be adversely harmed, while many other areas will likely stay unaffected and exhibit exciting growth opportunities. We reevaluate the impact on businesses and update our report estimates as the pandemic spreads in certain locations and plateaus in others.
About Us:
Market intelligence data is a global leader in the research business, providing customers with contextual and data-driven research. The company assists customers in developing business plans and achieving long-term success in their particular markets. Consulting services, Market Intelligence Data research studies, and bespoke research reports are all offered by the industry.
Contact Us:
Irfan Tamboli (Head of Sales) – MARKET INTELLIGENCE DATA
Phone: +1 (704) 266-3234
Mail to: sales@marketintelligencedata.com
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