Data Preparation Market is expected to grow at CAGR 14.45% during the forecast period, 2025
Published | 06 April 2019
According to BlueWeave
Consulting, the global Data Preparation market is anticipated to worth USD
1,015 million in 2019, with a CAGR of 14.45% during 2019-2025. The Global Data
Preparation Market is expected to grow with a significant rate during the
forecast period 2019-2025, owing to the growing application of data preparation
to find the solution from collected structured and non-structured data. The
rising demand for Data Preparation tools to improve the quality and integrity
of data with techniques like parsing for advanced cleansing and fuzzy
matching. Data Preparation tools help in
repeatable workflow design that speeds up the data delivery process, ultimately
resulting in improved productivity is expected to boost the Data Preparation
market in the upcoming year.
Moreover, the major factor
driving the market growth is the high investments in channel partnerships,
service conveyance, system integration, and analytics technology. Furthermore,
the availability of a large volume of data led to the rising of big data has
caused development in data storage technologies. It caused to rise in need to analyze
internal, as well as external sources of data generated by organizations daily,
will accelerate the growth of the Data Preparation market. Additionally, the
Modernization of business operations and the growing use of data preparation
tools in business analytics will contribute to Data Preparation market growth
during the forecast period.
Data
Integration platform of the Data Preparation market is projected to be the
leading segment of the overall market during the forecast period.
Based on Platform, the Data
Preparation market has been segmented into Self-Service Data Preparation and
Data Integration. Data Integration dominates the global Data Preparation owing
to it helps in improving the value of a business’ data over time, Reduces
errors (and rework), and Improves collaboration and unification of systems.
Self-Service Data Preparation will enhance by help in integrating and analyzing
the data collected from IoT devices led to organizations can develop their
business intelligence.
Data
Ingestion tool of the Data Preparation market is projected to be the dominating
segment of the overall market during the forecast period.
Based on Tool type, the Data
Preparation market segmented into Data Curation, Data Cataloguing, Data
Quality, Data Ingestion, and Data Governance. Data Ingestion dominates the
global Data Preparation owing to increasing demand in government and large
enterprises. Data Cataloguing will drive by continuous analyze IoT data that generate
large volumes of data.
The
on-premise type of Data Preparation market is projected to be the leading
deployment segment of the overall market during the forecast period.
Based on Deployment Type,
the Data Preparation market has been segmented into On-Premise and Cloud.
On-premise is anticipated to lead the market owing to rising demand in BFSI,
government, telecom, and IT. The cloud market will drive growing its uses in IT
& ITes for its data security and accessibility performance.
IT & ITES is projected to lead the industry for utilizing applications of the Data Preparation during the forecast period.
Based on the End-User
Industry, the global Data Preparation market segmented into BSFI, Healthcare,
Retail, Manufacturing, IT, and Telecommunication. By End-User Industry, IT
& ITES will lead the market owing to the growing adoption of Data
Preparation for managing a large volume of data.BFSI market is boom by the
forecast period owing to the growing huge amount of data storage in the banking
sector coupled with increment in the risk & fraud analytics.
North
America accounts for the lion’s share of the global Data Preparation market
during the anticipated period.
Based on the region, the
Data Preparation market segmented into North America, Europe, Asia Pacific,
Middle East & Africa, and Latin America. North America dominates the world
Data Preparation market over the forecast period owing to the presence of major
companies coupled with the huge adoption of application of Data Preparation in
various industries like retail, banking, etc.
The Asia Pacific is projected to be the fastest-growing market
throughout the forecast period due to the rapid expansion of IT services
coupled with the growing demand for data preparation in the government and
banking sector.
Global
Data Preparation Market Competitive Landscape
Companies such as
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
and MicroStrategy Incorporated are the key players for providing Data
Preparation services.
Explore full report with
detailed TOC, “Global Data Preparation
Market Size, by Platform (Self-Service Data Preparation, Data Integration), by
Tool Type (Data Curation, Data Cataloguing, Data Quality, Data Ingestion, Data
Governance), by Deployment Type (On-Premise, Cloud), by End-User Industry
(BSFI, Healthcare, Retail, Manufacturing, IT and Telecommunication) by Region
(North America, Europe, Asia Pacific, Middle East & Africa and Latin
America); Growth Potential, Trends Analysis, Competitive Market Size and
Forecast, 2019-2025” at
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