Press release
Data Preparation Software Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Data Preparation Software Market Size
The surge in demand for tools that allow self-service data preparation is anticipated to fuel the expansion of data preparation software markets in the future. These self-service tools permit users to reorganize and alter raw data into an operational format without needing comprehensive technical knowledge or IT professionals' help. The increasing intricacy and quantity of data, along with the requirement for swift and accessible data analytics processes, are driving the demand for these self-service tools. The data preparation software promises to propel this demand further by offering services that simplify data cleansing, incorporation, and enhancement, thereby increasing the demand for user-friendly and efficient data preparation solutions. For example, the US software development company, GRUBBRR, projected in July 2022 that the self-service kiosk technology will make up 50% of revenue from 2022 to 2032. Moreover, projections suggest that the kiosk technology sector will touch $51.05 billion by 2028. Hence, the growing demand for self-service data preparation tools is steering the growth of the data preparation software market.
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How will the growth rate of the data preparation software market shape industry trends by 2034?
In recent times, there has been substantial growth in the market size of data preparation software. It is predicted to continue growing from $1.73 billion in 2024 to $1.97 billion by 2025, exhibiting a compound annual growth rate (CAGR) of 14.3%. This past growth has been driven by factors such as a heightened demand for data preparation in AI and advanced analytics applications, an increase in investments made towards data preparation automation, utilization of data preparation in data science and machine learning projects, an emerging need for data preparation in data lakes and data warehouses and an escalating demand for data preparation in regulatory reporting.
The market size for data preparation software is projected to experience a sharp increase in the coming years, escalating to $3.35 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 14.1%. The upswing during the forecast period may be ascribed to the incorporation of AI and machine learning abilities into data preparation software, enhancements in technology, the pivot to scalable and agile data preparation platforms, the amalgamation of data preparation with data governance structures, and the merging of data preparation with data integration platforms. Key trends for the period of prediction include the amalgamation of AI and machine learning potential into data preparation software, technology progression, transition towards scalable and agile data preparation platforms, integration of data preparation with data governance architectures, and the amalgamation of data preparation with data integration platforms.
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What trends are poised to drive the future success of the data preparation software market?
Primary players in the data preparation software market, such as IBM, are focusing on the creation of advanced technologies like the novel IBM business analytics enterprise software. This software tackles data silos, providing these companies with a competitive advantage in the market. It allows organizations to integrate dislocated data sources, eliminate data silos, and make rapid, data-informed decisions amidst uncertain disruptions. In November 2023, the US-based tech firm, International Business Machines Corporation (IBM), introduced the IBM business analytics enterprise. This new software assists in eradicating data silos and improving planning and analytics. The platform brings to the table features like data silo breakdown and business intelligence, with technological progress such as AI-aided planning and multi-dimensional examination. Its role in the datafication market is essential as it provides broad access to analysis tools and dismantles data and analytics silos. Consequently, it encourages efficient planning and data-based decision-making, allowing enterprises to be more data-driven.
Which primary segments of the data preparation software market are driving growth and industry transformations?
The data preparation software market covered in this report is segmented -
1) By Type: Cloud Based, Web Based
2) By Deployment: On-Premise, Hosted
3) By Pricing Model: Subscription, One-Time
4) By Functionality: Data Integration, Data Cleansing, Data Transformation, Data Profiling
5) By Industry Vertical: Banking, Financial Services, And Insurance (BFSI), Healthcare, Manufacturing, Retail, Telecom, Energy, Education
Subsegments:
1) By Cloud-Based: Public Cloud, Private Cloud, Hybrid Cloud, Multi-Cloud
2) By Web-Based: SaaS (Software As A Service), PaaS (Platform As A Service), On-Demand Web Applications
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Which geographical regions are pioneering growth in the data preparation software market?
North America was the largest region in the data preparation software market in 2024. The regions covered in the data preparation software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the data preparation software market landscape?
Major companies operating in the data preparation software market are Amazon Web Services Inc., Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, Salesforce.com Inc., SAS Institute Inc., SAP SE, Hitachi Vantara Corporation, NICE Ltd., Teradata Corporation, Informatica Inc., Tibco Software Inc., Quest Software Inc., Alteryx Inc., Rapid Insight Inc., QlikTech International AB, Altair Engineering Inc., Micro Strategy Incorporated, DataRobot Inc., Dataiku Inc., Datawatch Corporation, Unifi Software Inc., Datameer Inc., InfluxData Inc., Crate Tech Inc.
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What Is Covered In The Data Preparation Software Global Market Report?
• Market Size Forecast: Examine the data preparation software market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the data preparation software market for a structured understanding.
• Key Players Overview: Analyze major players in the data preparation software market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the data preparation software market.
• Segment Contributions: Evaluate how different segments drive overall growth in the data preparation software market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the data preparation software market.
• Industry Challenges: Identify potential risks and obstacles affecting the data preparation software market.
• Competitive Landscape: Review strategic developments in the data preparation software market, including expansions, agreements, and new product launches.
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