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.
Get Your Data Preparation Software Market Report Here:
https://www.thebusinessresearchcompany.com/report/data-preparation-software-global-market-report
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.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14893&type=smp
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
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14893
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.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=14893&type=smp
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.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Data Preparation Software Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share here
News-ID: 3906563 • Views: …
More Releases from The Business Research Company
Key Growth Factors, Market Segmentation, and Competitive Approaches Influencing …
The AC electric motor market is poised for substantial growth in the coming years, driven by advancements in technology and evolving industrial needs. As industries adapt to modern demands like smart manufacturing and electric mobility, this sector is expected to expand significantly. Let's explore the market's size, key players, emerging trends, and the main segments shaping its future.
Forecasted Growth of the AC Electric Motor Market Size Through 2029
The…
Segment Evaluation and Major Growth Areas in the Semiconductor Capital Equipment …
The semiconductor capital equipment sector is set for substantial growth in the coming years, driven by technological advancements and increasing demand across various industries. This market reflects the dynamic nature of semiconductor manufacturing, where innovations and shifting industry needs play a pivotal role. Let's explore the current market valuation, key players, emerging trends, and segment-specific insights shaping the future of this industry.
Projected Market Growth of the Semiconductor Capital Equipment Market…
Worldwide Trends Review: The Fast-Paced Development of the Hollow Fiber Filtrati …
The hollow fiber filtration market is poised for impressive expansion over the coming years, driven by evolving healthcare needs and technological advancements. This sector is set to experience significant shifts that will shape its future landscape, fueled by innovation and changing consumer preferences. Let's explore the current market valuation, key players, emerging trends, and segment breakdowns that define this growing industry.
Forecasted Market Valuation and Growth Trajectory of the Hollow Fiber…
Emerging Sub-Segments Transforming the Stud Welding Machine Market Landscape
The stud welding machine market is positioned for steady growth over the coming years, driven by evolving industrial demands and technological advancements. As industries such as renewable energy, shipbuilding, and aerospace expand, the need for efficient and precise welding solutions is becoming increasingly critical. This overview delves into the market's valuation, key players, emerging trends, and segment insights shaping its trajectory.
Stud Welding Machine Market Valuation and Growth Outlook
The…
More Releases for Data
Data Catalog Market: Serving Data Consumers
Data Catalog Market size was valued at US$ 801.10 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 23.2% from 2023 to 2029, reaching nearly US$ 3451.16 Mn.
Data Catalog Market Report Scope and Research Methodology
The Data Catalog Market is poised to reach a valuation of US$ 3451.16 million by 2029. A data catalog serves as an organized inventory of an organization's data assets, leveraging…
Big Data Security: Increasing Data Volume and Data Velocity
Big data security is a term used to describe the security of data that is too large or complex to be managed using traditional security methods. Big data security is a growing concern for organizations as the amount of data generated continues to increase. There are a number of challenges associated with securing big data, including the need to store and process data in a secure manner, the need to…
HOW TO TRANSFORM BIG DATA TO SMART DATA USING DATA ENGINEERING?
We are at the cross-roads of a universe that is composed of actors, entities and use-cases; along with the associated data relationships across zillions of business scenarios. Organizations must derive the most out of data, and modern AI platforms can help businesses in this direction. These help ideally turn Big Data into plug-and-play pieces of information that are being widely known as Smart Data.
Specialized components backed up by AI and…
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption…
Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY…
Long Term Data Retention Solutions Market - The Increasing Demand For Big Data W …
Data retention is a technique to store the database of the organization for the future. An organization may retain data for several different reasons. One of the reasons is to act in accordance with state and federal regulations, i.e. information that may be considered old or irrelevant for internal use may need to be retained to comply with the laws of a particular jurisdiction or industry. Another reason is to…
