Press release
Data Wrangling Market 2022-2027, Industry Share, Size, Growth, Trends and Forecast
According to the latest report by IMARC Group, titled, "Data Wrangling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global data wrangling market reached a value of US$ 2.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.5 Billion by 2027, exhibiting a CAGR of 16.7% during 2022-2027Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Restructuring raw data into the required format in order to make decisions more quickly and effectively is known as data wrangling. Also known as data munging, it involves transforming and mapping unorganized data using advanced algorithms for data visualization. As a result, this process is widely adopted for various business processes across finance, human resource, marketing, sales and operations to improve the overall efficiency.
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Data Wrangling Market Trends and Drivers:
The huge rise in data volumes produced by various industries is the main factor propelling the global market. This is supported by the introduction of artificial intelligence (AI), cloud computing and big data, which generates huge sets of unstructured data. Moreover, the rising concerns regarding fraudulent activities across the banking, financial services and insurance (BFSI) sector have encouraged several institutions to adopt data wrangling to strengthen data security and optimize online banking portals. Other factors, including the rising penetration of social media and the widespread automation across numerous sectors, are also contributing to the market growth.
Data Wrangling Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
ALTERYX INC.
Altair Engineering Inc.
Hitachi Vantara Corporation
Impetus Technologies Inc.
International Business Machines Corporation
Oracle Corporation
SAS Institute Inc.
Teradata Corporation
TIBCO Software Inc
Trifacta Software Inc.
Key Highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
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The report has segmented the market on the basis of Component, Deployment Mode, Organization Size, Business Function, Industry Vertical and Region.
Breakup by Component:
Solution
Service
Breakup by Deployment Mode:
On-premises
Cloud-based
Breakup by Organization Size:
Large Enterprises
Small and Medium Enterprises
Breakup by Business Function:
Finance
Marketing and Sales
Operations
Human Resources
Breakup by Industry Vertical:
BFSI
Government and Public Sector
Healthcare and Life Science
Retail and E-commerce
Media and Entertainment
IT and Telecom
Manufacturing
Others
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry 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.
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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