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Increasing Data Volume Fuels Data Preparation Tools Market: Strategic Insights Driving Data Preparation Tools Market Momentum in 2025
Data Preparation Tools Market
What Is the Expected CAGR for the Data Preparation Tools Market Through 2025?
The market size of data preparation tools has seen exponential growth in recent times. It is projected to go from $7.79 billion in 2024 up to $9.56 billion by 2025, with a compound annual growth rate (CAGR) of 22.7%. The significant growth during the historical period can be credited to several factors such as advancement in tool sophistication due to increasing complexity of data formats and sources, expansion of data preparation as service (DPaaS) offerings, application of data virtualization technology in preparation procedures, introduction of industry-specific data preparation solutions, and adoption of federated learning strategies for distributed data preparation tasks.
What's the Projected Size of the Global Data Preparation Tools Market by 2029?
The market size for data preparation tools is projected to experience rapid growth in the coming years, reaching $20.47 billion in 2029 with a compound annual growth rate (CAGR) of 21.0%. The rise during the forecast period can be attributed to the integration of edge AI for in-device data preparation duties, increased use of AI and machine learning in data preparation tasks, escalating demand for do-it-yourself data preparation tools, an ever-growing need for data quality and governance in the preparation process, and a call for real-time data preparation capabilities. Significant trends in the forecast period encompass technological progression, the expansion of big data and IoT pushing the demand for scalable data preparation solutions, teamwork functions for data preparation projects, implementation of federated learning methods for distributed data preparation duties, and convergence of data preparation and data governance and stewardship platforms.
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Top Growth Drivers in the Data Preparation Tools Industry: What's Accelerating the Market?
The data preparation tools market is poised for substantial growth, driven by the fast-paced increase of available data. Essentially, data consists of raw facts, numbers, and statistical information compiled for assessment or referral, often in digital format. This escalating volume of data is primarily a result of the expansion of digitalization, technological progress, and the burgeoning of interconnected devices. The burgeoning volume of data calls for data preparation tools that can effectively clean, transform, and structure the data for analysis, owing to the intricate nature and scope of managing extensive datasets. To illustrate, a report from the Linux Foundation, a non-profit consortium based in the United States, in December 2022 showed that the average end-user organization with storage capacity up to 20 petabytes saw annual data growth of 566 TB in 2021 and 1,746 TB in 2022. Similarly, the annual data growth for organizations with a storage capacity of up to 25 petabytes significantly increased to 2,208 TB in 2022, tripling the growth from the previous year's 700 TB. Due to this, the fast-paced increase of data volume is anticipated to fuel the growth of the data preparation tools market.
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What Trends Will Shape the Data Preparation Tools Market Through 2029 and Beyond?
Leading firms in the data preparation tools market concentrate on the advancement of novel technologies like SnapGPT, thereby enabling the creation of data pipelines more effectively. This form of AI instrument represents AI systems that can generate fresh and unique content in multiple formats, including audio, code, imagery, text, simulations, and video. For example, SnapLogic, a software company originating from the US, introduced SnapGPT, a generative AI tool, in August 2023. The tool simplifies data pipeline development while providing a more efficient and user-friendly method for integration tasks. It can effectively produce precise queries and convert data from one structure to another, proposing a faster and intuitive means for integration activities. In addition, it boasts features like text and image recognition, speech-to-text, pipeline generation, and quick integration prototyping. These capabilities together constitute a potent tool for data integration, merging user-friendly functionalities with AI-driven capabilities for the smooth establishment of data pipelines and workflows.
What Are the Main Segments in the Data Preparation Tools Market?
The data preparation toolsmarket covered in this report is segmented -
1) By Platform: Self-Service, Data Integration
2) By Deployment Mode: On-Premises, Cloud
3) By Function: Data Collection, Data Cataloging, Data Quality, Data Governance, Data Ingestion, Data Curation
4) By Vertical: Information Technology (IT) And Telecom, Retail And E-Commerce, Banking, Financial Services, And Insurance (BFSI), Government, Healthcare, Energy And Utilities, Transportation, Manufacturing, Other Verticals
Subsegments:
1) By Self-Service: Data Wrangling, Data Cleansing, Data Transformation, Data Visualization, Data Profiling, Automated Data Preparation
2) By Data Integration: Data Aggregation, ETL (Extract, Transform, Load) Integration, Data Pipeline Management, Real-time Data Integration, Cloud Data Integration, Data Migration And Synchronization
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Which Top Companies are Driving Growth in the Data Preparation Tools Market?
Major companies operating in the data preparation tools market are Amazon Web Services Inc., Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, Salesforce.com Inc., SAS Institute Inc., Hitachi Vantara Corporation, Teradata Corporation, Informatica Inc., Tibco Software Inc., Zoho DataPrep, 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
Which Regions Will Dominate the Data Preparation Tools Market Through 2029?
North America was the largest region in the data preparation tools market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data preparation tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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