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According to the latest report by IMARC Group, titled, “Data Wrangling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the global data wrangling market exhibited moderate growth during 2015-2020. Looking forward, the market expects to grow at a CAGR of around 16% during 2021-2026.
Data wrangling refers to the process of re-structuring raw data into the desired format for quick and better decision-making. Also known as data munging, it involves transforming and mapping unorganized data using advanced algorithms for data visualization. As a result, this process is widely adopted for various business processes across finance, human resource, marketing, sales and operations to improve the overall efficiency.
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Market Trends
The global market is primarily driven by a substantial increase in the data volumes generated by various industries. This is supported by the introduction of artificial intelligence (AI), cloud computing and big data, which generates huge sets of unstructured data. Moreover, the rising concerns regarding fraudulent activities across the banking, financial services and insurance (BFSI) sector have encouraged several institutions to adopt data wrangling to strengthen data security and optimize online banking portals. Other factors, including the rising penetration of social media and the widespread automation across numerous sectors, are also contributing to the market growth.
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.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
ALTERYX INC.
Altair Engineering Inc.
Hitachi Vantara Corporation
Impetus Technologies Inc.
International Business Machines Corporation
Oracle Corporation
SAS Institute Inc.
Teradata Corporation
TIBCO Software Inc
Trifacta Software Inc.
The report has segmented the market on the basis of Component, Deployment Mode, Organization Size, Business Function, Industry Vertical and Region.
Breakup by Component:
Solution
Service
Breakup by Deployment Mode:
On-premises
Cloud-based
Breakup by Organization Size:
Large Enterprises
Small and Medium Enterprises
Breakup by Business Function:
Finance
Marketing and Sales
Operations
Human Resources
Breakup by Industry Vertical:
BFSI
Government and Public Sector
Healthcare and Life Science
Retail and E-commerce
Media and Entertainment
IT and Telecom
Manufacturing
Others
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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