Data Preparation Tools Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
- Transparency Market Research
- Data Center
Data preparation converts data sets in such a way that information contained in them is represented in the best possible way. Data preparation tools enable data conversion, discovery, analysis, exploration, transformation, cleaning, modeling, curation, structuring, and cataloguing within a single offering. The various practices in the data preparation tools market are data cleansing and manipulation, self-service data preparation, advanced analytic techniques, increasing data sources, and sharing metadata. Data preparation is vital for successful data handling since poor quality data often results in unreliable data mining and incorrect results. Data preparation tools improve the quality and integrity of data with techniques such as parsing for advanced cleansing and fuzzy matching. Additionally, they create a repeatable workflow design that speeds up the data delivery process, ultimately resulting in improved productivity. Expansion in the global data preparation tools market is fuelling demand for high investments in channel partnerships, service conveyance, system integration, and analytics technology. All the main storage management, networking, systems manufacturers, and processor chip fabricators are expected to have a major share in the data preparation tools market. Rise of big data has caused development in data storage technologies. Availability of a large volume of data has led to the creation of specialized tools for data preparation. These tools are gaining traction due to a rise in the need to analyze internal as well as external sources of data generated by organizations on a daily basis. The data preparation tools market is currently creating an impact on both the IT and business sides of organizations.
A key factor driving the data preparation tools market is the increase in real- time data. It enables users to make faster and wiser decisions. Moreover, the need to follow regulatory and compliance requirements in several industries such as health care, BFSI, transportation, energy & utility, telecommunications & IT, manufacturing, and others is estimated to play a vital role in boosting the data preparation tools market. Modernization of business operations and the use of data preparation tools in business analytics is also expected to positively impact the expansion of the data preparation tools market. However, data security is an issue that is likely to hamper the data preparation tools market. High initial implementation cost is another factor anticipated to restrain the data preparation tools market. Furthermore, the selection of a cloud infrastructure partner and suitable analytical tools is a challenge faced by the data preparation tools market.
The data preparation tools market can be segmented based on deployment model, type of tool, platform, industry vertical, and geographic regions. Based on deployment model, the data preparation tools market can be classified into on-premise and hosted. In terms of type of tool, the market can be segregated into data cataloging, data curation, data ingestion, data quality, and data governance. Based on platform, the market can be classified into data integration and self-service data preparation. In terms of industry vertical, the market can be divided into health care, BFSI, government, transportation, energy & utility, telecommunications & IT, manufacturing, and others. Based on geographic regions, the global data preparation tools market can be split into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to hold a dominant share of the data preparation tools market due to significant growth in data through IOT and other connected devices in the region.
Key players operating in the global data preparation tools market include Informatica corporation, Alteryx, Inc., Tibco Software Inc., International Business Machines Corporation, SAS Institute, Microsoft Corporation , Tableau Software, Inc., Datawatch Corporation, SAP SE., Qlik Technologies Inc., Talend. These players deploy several organic and inorganic growth strategies in order to gain competitive advantage in the market. Vital strategies followed by these companies include collaborations, agreements, partnerships, and launch of new products.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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- Market segments and sub-segments
- Market trends and dynamics
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The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
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- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
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