Data preparation tools help in combining, cleaning, exploring, and transforming raw data into curated datasets for data analytics, data integration, data discovery, and data science. Rising adoption of cloud platforms and a self-service data preparation platform is a growing trend among the data-driven IT companies. The need for efficient cataloging tools to access and analyze a large volume of data is booming the growth of the data preparation tools market. Increasing unstructured and semi-structured data, also rising complexity of data requires data preparation tools, which also attributed the growth of the data preparation tools market.
MARKET DYNAMICS
Growing adoption of the data preparation tool due to its benefits such as allows efficient analysis, limited error, and inaccuracies during data processing, and makes all processes more accessible to the user, henceforth boosting the growth of the data preparation tools market. Growing demand for self-service data preparation tools in enterprises to adopt advanced analytics and business intelligence, which fuels the growth of the data preparation tools market. Furthermore, modernization of business operations and the increasing use of data preparation tools in business analytics is expected to positively impact on the growth of the data preparation tools market.
MARKET SCOPE
The "Global Data Preparation Tools Market Analysis To 2028" is a specialized and in-depth study of the data preparation tools industry with a special focus on the global market trend analysis. The report aims to provide an overview data preparation tools market with detailed market segmentation by platform, function, deployment mode, end-user, and geography. The global data preparation tools market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading data preparation tools market players and offers key trends and opportunities in the data preparation tools market.
MARKET SEGMENTATION
The global data preparation tools market is segmented on the basis of platform, function, deployment mode, end-user. On the basis of platform the market is segmented as self-service, data integration. On the basis of function the market is segmented as data collection, data cataloging, data quality, data governance, data ingestion, data curation. On the basis of deployment mode the market is segmented as on-premises, cloud. On the basis of end-user the market is segmented as BFSI, government, IT and telecom, retail and ecommerce, healthcare, energy and utilities, transportation, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global data preparation tools market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The data preparation tools market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting data preparation tools market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the data preparation tools market in these regions.
MARKET PLAYERS
The reports cover key developments in the data preparation tools market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from data preparation tools market are anticipated to lucrative growth opportunities in the future with the rising demand for data preparation tools in the global market. Below mentioned is the list of few companies engaged in the data preparation tools market.
The report also includes the profiles of key data preparation tools companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Altair Engineering, Inc.
- ALTERYX, INC.
- Informatica
- International Business Machines Corporation
- Microsoft
- MicroStrategy Incorporated
- QlikTech International AB
- SAP SE
- SAS Institute Inc.
- TIBCO Software Inc.