Press release
Steady Expansion Forecast for Data Cleaning Tools Market, Projected to Reach $6.47 Billion by 2029
Data Cleaning Tools Market
How Large Will the Data Cleaning Tools Market Size By 2025?
The size of the market for data cleaning tools has seen a swift expansion in the last few years, and is projected to expand from $3.09 billion in 2024 to $3.62 billion in 2025, equating to a compound annual growth rate (CAGR) of 17.0%. The historical growth rate is driven by a surge in the amount of data produced by businesses, the expanding domains of e-commerce and digital marketing, heightened cognizance about the repercussions of substandard data quality, a rise in competitive intensity among corporations, and an enhanced emphasis on customer experience.
How Big Is the Data Cleaning Tools Market Size Expected to Grow by 2029?
The market size of data cleaning tools is projected to experience swift expansion in the forthcoming years, surging to $6.47 billion in 2029 at a compound annual growth rate (CAGR) of 15.7%. This expansion during the prediction period can be credited to the escalation in data intricacy, rising implementation of cloud-oriented solutions, the need for immediate data processing, spiraling cybersecurity issues, and the proliferation of predictive analytics. The forecast period is likely to witness major shifts such as the uptake of cloud-hosted data cleaning solutions, embracing advanced analytics, the popularity of subscription-centric pricing structures, the advent of blockchain technology, and user-friendly interfaces.
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Which Key Market Drivers Powering Data Cleaning Tools Market Expansion and Growth?
The data-cleaning tools market is set for growth, spurred by the surge in data volume. Data, in this context, is raw or unprocessed information fed into a tool for analysis to enable informed decision-making. With the proliferation of digital platforms, a rise in connected devices and more data sources available, data volume is rapidly increasing. Large datasets can be complex with diverse types of data, formats, and structures, making it difficult to maintain quality and consistency. Data cleaning tools are crucial in managing this complexity, as they allow for the detection and correction of flaws, inconsistencies, and errors. The SODA Foundation, a US-based open-source organization, reported a significant surge in data growth from 269 terabytes in 2021 to 924 terabytes in December 2022. This heightened data volume expansion is a key driver for the growth in the data-cleaning tools market.
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Which Fast-Growing Trends Are Poised to Disrupt the Data Cleaning Tools Market?
Leading firms in the data cleaning tools market are focusing on creating innovative tools, including AI tools, to maintain a competitive advantage. AI tools pertain to software and systems constructed to carry out tasks that usually need human intelligence, such as data analysis, problem-solving, learning, and natural language processing. These tools improve efficiency and decision-making across numerous industries. For instance, in October 2024, nuvo (ComDocks GmbH), a software development firm based in Germany, introduced nuvo AI for Data Cleaning and Advanced Sheet Joining. This system enhances the data onboarding process, providing automated data cleaning and the joining of multiple datasets smoothly. Its features simplify work processes, saves time, and allows users to handle complex data integrations with greater ease.
What Are the Emerging Segments in the Data Cleaning Tools Market?
The data cleaning toolsmarket covered in this report is segmented -
1) By Data Type: Audio, Speech And Voice, Image, Text, Video
2) By Type: Cloud-Based, On-Premises
3) By Application: Small And Medium Enterprises, Large Enterprises
Subsegments:
1) By Audio: Music, Voice, Environmental Sounds
2) By Speech And Voice: Speech Recognition Data, Natural Language Processing (NLP) Data, Voice Commands, Conversational Data
3) By Image: Satellite Images, Medical Imaging, Social Media Images, Industrial Or Manufacturing Images
4) By Text: Social Media Text, Emails, News Articles, Research Papers, Chatbot Data
5) By Video: Surveillance Video, Video Conferencing Data, Streaming Content, Medical Videos, Sports Videos
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Who Are the Global Leaders in the Data Cleaning Tools Market?
Major companies operating in the data cleaning tools market are International Business Machines Corporation, Oracle Corporation, SAP SE, Experian Information Solutions Inc., SAS Institute Inc., Informatica LLC, TIBCO Software Inc., Alteryx Inc., Precisely Holdings LLC, Talend Inc., Domo Inc., DataRobot Inc., Sisense Inc., Melissa Inc., Datameer Inc., Astera Software Inc., Symphonic Source Inc., ClicData Inc., WinPure, DataLadder, Akkio Inc., Integrate.io
Which are the Top Profitable Regional Markets for the Data Cleaning Tools Industry?
North America was the largest region in the data cleaning tools market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data cleaning tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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