Data Preparation Market Share, Size, Trends, Industry Growth and Forecast 2022-27

According to the latest report by IMARC Group, titled “Data Preparation Market: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the data preparation market share. The global data preparation market size reached US$ 3.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.2 Billion by 2027, exhibiting a growth rate (CAGR) of 22.88% during 2022-2027.

Data preparation represents the process of combining, organizing, exploring, and structuring basic information into curated datasheets. It is mainly used for science and discovery, self-service data integration, and business purposes. Data preparation provides high-quality and consistent information to the organizations to maximize their intellectual potential. It assists in enriching source data, standardizing detail formats, and removing outliers. Data preparation also aids in making more useful business decisions, improving information quality, and fixing errors. As a result, this process finds widespread applications across various sectors, such as BFSI, healthcare, manufacturing, retail and e-commerce, transportation, energy and utilities, etc.As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

The escalating need for profound insights and analysis of consumer behavior and their preferences in real-time is among the primary factors driving the data preparation market. Besides this, the tool ensures easy interchangeability, collaboration, and profiling of information, which is further augmenting the market growth. Moreover, the growing popularity of data preparation across the telecom, information technology (IT), and retail industries, as it empowers exploratory analytics, increases analyst productivity, and improves organizational usage, is also catalyzing the global market. Apart from this, the increasing utilization of automation and cloud technologies in enterprises is acting as another significant growth-inducing factor. Additionally, the integration of advanced technologies, including artificial intelligence (AI) and machine learning (ML) by the leading players to read, interpret, and flatten complex information structures is also stimulating the market growth. Furthermore, the elevating requirement for this tool to maintain large datasheets of previous trials and track records of affected patients, owing to the sudden outbreak of the COVID-19 pandemic across the globe, is expected to bolster the data preparation market in the coming years.

Breakup by Platform:

  • Self-Service

  • Data Integration


Breakup by Tools:

  • Data Collection

  • Data Cataloguing

  • Data Quality

  • Data Governance

  • Data Ingestion

  • Data Curation


Breakup by Deployment Model:

  • On-premises

  • Cloud-based


Breakup by Enterprise Size:

  • Small and Medium-sized Enterprises (SMEs)

  • Large Enterprises


Breakup by End User:

  • BFSI

  • Healthcare

  • Retail and E-Commerce

  • Manufacturing

  • Energy and Utilities

  • IT and Telecommunication

  • Transportation

  • Others


Breakup by Region:

  • North America (United States, Canada)

  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

  • Latin America (Brazil, Mexico, Others)

  • Middle East and Africa

Competitive Landscape with Key Player:

  • Altair Engineering Inc

  • Alteryx Inc

  • Informatica

  • International Business Machines Corporation

  • Microsoft Corporation

  • MicroStrategy Incorporated

  • Oracle Corporation

  • Qlik

  • SAP SE

  • SAS Institute Inc

  • Tableau Software LLC (Salesforce.com Inc.)

  • TIBCO Software Inc

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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