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Rise Of Self-Service Data Preparation Tools In The Data Preparation Software Market: Powering Innovation and Expansion in the Global Data Preparation Software Market by 2025
Data Preparation Software Market
Data Preparation Software Market Size Growth Forecast: What to Expect by 2025?
The market size for data preparation software has seen substantial expansion recently. There is expected growth from $1.73 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of 12.9%. Factors contributing to this increase during the historic period include the rising need for data preparation in advanced analytics and AI applications, increased investment in automation of data preparation, the adoption of data preparation for data science and machine learning initiatives, an increased necessity for data preparation in data lakes and data warehouses, and a growing demand in regulatory reporting.
How Will the Data Preparation Software Market Size Evolve and Grow by 2029?
The market for data preparation software is projected to experience swift expansion in the forthcoming years, growing to $3.09 billion in 2029 with a compound annual growth rate (CAGR) of 12.2%. The predicted growth during the forecast period can be credited to the incorporation of AI and machine learning abilities into data preparation software, advancements in technology, transition towards more scalable and agile data preparation platforms, and the integration of data preparation with data governance frameworks and data integration platforms. Dominant trends in the forecast timespan will include the incorporation of AI and machine learning Faculty, technological advancement, movement towards scalable and agile data preparation platforms, incorporation with data governance frameworks and integration with data integration platforms.
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What Drivers Are Propelling the Growth of Data Preparation Software Market Forward?
Expectations are high for the expansion of the data preparation software market in the near future, fueled by the rising need for self-service data preparation tools. These tools, which allow users to convert raw data into a functional format without a comprehensive technical skillset or IT assistance, are seeing a surge in demand due to burgeoning data complexity and volume, as well as the necessity for nimbleness and accessibility in data analysis. Data preparation software supports this demand by providing tools which simplify data cleaning, integration and enrichment, thus highlighting the need for easy-to-use, effective data preparation solutions. For example, GRUBBRR, a software development company based in the US, reported in July 2022 that it anticipates self-service kiosk technology will represent half of its revenue from 2022 to 2032. Predictions also suggest that the value of the kiosk technology sector could reach $51.05 billion by 2028. As such, the growing demand for self-service data preparation tools is the key driving force behind the ascent of the data preparation software market.
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Which Emerging Trends Are Transforming the Data Preparation Software Market in 2025?
Leading companies in the data preparation software industry are focusing on the creation of advanced solutions, such as the new IBM business analytics enterprise software designed to dismantle data silos, to secure an edge over competitors in the market. This analytics enterprise software is a tool that aids organizations in consolidating data from various sources and abolishing data silos, thus empowering them to swiftly make data-based decisions while managing unforeseen disruptions. For example, in November 2023, the US-based technology firm, International Business Machines Corporation (IBM), introduced IBM business analytics enterprise, a novel software aimed at breaking down data silos and optimizing planning and analytics. The platform provides features like data silo breakdown and business intelligence capabilities, in addition to technological enhancements like AI-powered planning and multi-dimensional analysis. Its essential role in the datafication market is to enable enterprises to become more data-centric by offering extensive access to analytic tools and dismantling data and analytics silos, thereby promoting structured planning and data-guided decision-making.
What Are the Key Segments in the Data Preparation Software Market?
The data preparation softwaremarket 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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Who Are the Key Players Shaping the Data Preparation Software Market's Competitive 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.
What Geographic Markets Are Powering 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.
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