Press release
Data Prep Market Size - Industry Share Report 2021
Data Prep Market
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“Increasing importance of on-time qualified data is one of the drivers driving the data prep market”
The global data prep market size is estimated to grow from USD 1.46 billion in 2016 to USD 3.93 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 25.2%. There is increase in data traffic due to the exponential growth of big data, analytics, and other technological modules. Hence, there is huge demand for data prep solutions to analyze the data and get actionable insights.
“The data quality tool accounts for the largest market share during the forecast period”
The data prep market by data quality tool is estimated to grow with the largest market share during the forecast period. Data quality tools are being used in various verticals and have various applications. By maintaining data quality before the analytics phase, analysts can blend data easily and build concise predictive models. Data quality tools is also being used for asset & liability management, budgetary control management, general ledger management, payables & receivables management, and profitability management.
The break-up of profiles of primary participants is given below:
• By Company Type: Tier 1:25%, Tier 2: 39%, and Tier 3:36%
• By Designation: C-level: 50%, Director Level: 35%, and Others: 15%
• By Region: North America: 48%, Europe: 32%, APAC: 20%
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Key players include:
(Overview, Products & Services, Strategies & Insights, Developments and Mnm View )*
• 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.)
• Qlik Technologies Inc.(U.S.)
• SAP SE (U.S.)
• Talend (U.S.)
• Microstrategy Incorporated (U.S.)
Research Coverage:
The report segments the data prep market on the basis of platforms, which include self-service data prep and data integration; tools such as data curation, data cataloging, data quality, data ingestion, and data governance; deployment models which consist of hosted and on-premises; and verticals, which include Banking, Financial Services, and Insurance(BFSI), government, healthcare, retail & e-commerce, manufacturing, energy & utilities, transportation, IT & telecommunication, and others which include real estate, travel & hospitality, and research in the regions of North America, Europe, APAC, Middle East and Africa (MEA), and Latin America.
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