The global data preparation tools market size is expected to be worth around US$ 18.6 billion by 2030, according to a new report by Vision Research Reports.
The global data preparation tools market size was valued at US$ 5.08 billion in 2020 and is anticipated to grow at a CAGR of 19.2% during forecast period 2021 to 2030.
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Data Preparation Tools Market (By Platform: Self-service, Data integration; By Function: Data collection, Data cataloging, Data quality, Data governance, Data ingestion, Data curation; By Deployment: On-premise, Cloud; By Vertical: IT and Telecom, Retail and E-commerce, BFSI, Government, Healthcare, Energy and Utilities, Transportation, Manufacturing) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
Report Coverage
| Report Scope | Details |
| Market Size | USD 18.6 billion by 2030 |
| Growth Rate | CAGR of 19.2% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Platform, Deployment, Function, Vertical |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Alteryx, Inc.; Datawatch Corporation; Informatica Corporation; International Business Machines Corporation; Microsoft Corporation; MicroStrategy Incorporated; Qlik Technologies Inc.; SAP SE; SAS Institute Inc.; Tibco Software Inc. |
Growth Factors
Data preparation tools can help organizations augment their efficiency by ensuring easy access to data. The increasing demand for data analytics, particularly in the IT and retail sectors, is expected to drive the demand for data preparation tools.
The growth of the market can be attributed particularly to the capabilities of self-service data preparation tools to ensure easy interchangeability, collaboration, and profiling of data as well as to address the concerns associated with the safety of the data. Demand for self-service data preparation tools would continue to increase as data analytics companies continue to demand efficient solutions to access and analyze large volumes of data
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Key Players
Market Segmentation
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In this study, the years considered to estimate the market size of Data Preparation Tools are as follows:
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– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
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