Global Data Prep Market, By Platform (Self-Service Data Prep, Data Integration), Tool (Data Curation, Data Cataloging, Data Quality, Data Ingestion, Data Governance), Deployment Model (Hosted, On-Premise), Vertical (Banking, Financial Services, and Insurance, Government, Healthcare, Retail and E-Commerce, Manufacturing, Energy and Utilities, Transportation, IT and Telecommunication, Others), Enterprise Size (SMEs and Mid-Sized, Large Enterprise), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The data prep market will reach at an estimated value of USD 34.08 billion and grow at a CAGR of 26.00% in the forecast period of 2021 to 2028. Rising importance of on-time qualified data is an essential factor driving the data prep market
Data prep is defined as the process of collecting data into one data, so that in can be used in analysis. One of the primary purposes of data prep is to ensure that information generated for analysis is accurate and consistent. The crucial part of data prep is to correct inaccuracies and it has its wide application in banking, financial services, and insurance, government, healthcare, retail and e-commerce, manufacturing, energy and utilities, transportation, IT and telecommunication among others.
Increasing need for adhering to regulatory and compliance requirement is a crucial factor accelerating the market growth, also rising benefits of streamlined business operations, increasing data prep tools help companies in predictive business analytics, which in turn increases the product demand, rise in importance of on-time qualified data and rising number of enterprises all over the globe are the major factors among others boosting the data prep market. Moreover, rising number of organizations harnessing the advantage of data preparation, rising need for deploying specific tools and technologies to increase data access and data convergence and increasing evolution of Iot will further create new opportunities for data prep market in the forecast period mentioned above.
However, increasing presence of data silos and increasing lack of awareness and expertise and other operational challenges are the major factors among others restraining the market growth, while rising difficulties in shifting from traditional architecture to new technologies and systems and increasing data security and privacy concerns will further challenge the data prep market in the forecast period mentioned above.
This data prep market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on data prep market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Data Prep Market Scope and Market Size
The data prep market is segmented on the basis of platform, tool, deployment model, vertical, and enterprise size. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of platform, the data prep market is segmented into self-service data prep and data integration.
- Based on tool, the data prep market is segmented into data curation, data cataloging, data quality, data ingestion and data governance.
- Based on deployment model, the data prep market is segmented into hosted and on premise.
- Based on vertical, the data prep market is segmented into banking, financial services, and insurance, government, healthcare, retail and E-commerce, manufacturing, energy and utilities, transportation, IT and telecommunication and others.
- The data prep market is also segmented on the basis of enterprise size into SMEs and mid-sized and large enterprise.
Data Prep Market Scope Country Level Analysis
The data prep market is analysed and market size, volume information is provided by country, platform, tool, deployment model, vertical, and enterprise size as referenced above.
The countries covered in the data prep market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the data prep market due to rise in importance of on-time qualified data and rising number of enterprises in this region. Asia-Pacific and Europe are the expected regions in terms of growth in data prep market due to rising retail and e-commerce sectors and growing investments in data analytics in this region.
The country section of the data prep market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Data Prep Market Share Analysis
The data prep market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to data prep market.
The major players covered in data prep market report are Microsoft Corporation, IBM, TIBCO Software Inc., SAP SE, SAS Institute Inc., Alteryx, Inc., Informatica, Altair Engineering, Inc., Talend, TABLEAU SOFTWARE, QlikTech International AB, Microstrategy Inc, Rapid Insight Inc., Unifi Software Inc, First Data Corporation, Paxata Inc., Trifacta, ClearStory Data Inc., Oracle and Lavastorm Analytics Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Data Prep Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.