In the past years, data quality management has become a key concern for big companies in various activities such as data integration, customer relationship management, and regulatory requirements. Many organizations are extracting data from various sources and using it for multiple purposes.
Data Quality Management Market: Market Overview
Data quality management is difficult as well as crucially important. Ensuring the quality of data has become very difficult when it integrates data from multiple sources.
Data quality management tools are linked to data cleansing tools such as data cleansing, data profiling, data monitoring. that helps in eliminating inconsistent data.
Many organizations have started using this automated data cleansing and profiling tools that help in eliminating unusable data that is created from human data entry error.
Data quality plays an important role in data analysis as well as in taking decisions whether the data is correct or not. Standardized data quality processes help in accessing and extracting the information easier.
Widespread data management capabilities combined with enterprise data quality management tools help organizations to meet organizational goals.
Data Quality Management Market: Market Dynamics
Real-time data standardization helps in increasing adoption of data analytics. This factor resulted in the huge growth of data quality management market.
Complexity in the integration of data from multiple sources is expected to hamper the growth of data quality management market.
Automated data cleansing and profiling tools are the latest tools used in data management which is expected to create opportunities for data quality management market.
Global Data Quality Management Market: Market Segmentation
Data Quality Management market can be segmented into components, applications, deployment type, industry, and region.
Segmentation by components in Data Quality Management market:
- DQM Tools
- DQM Services
Segmentation by applications in Data Quality Management market:
- Data Profiling
- Data Cleansing & Enrichment
- Data Migration
- Data Monitoring
Segmentation by deployment type in Data Quality Management market:
Segmentation by industry in Data Quality Management market:
- Transportation & logistics
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Global Data Quality Management Market: Competition Landscape
Few prominent players in Data Quality Management market include Information Builders, Talend, Microsoft Corporation, Syncsort, IBM Corporation, Pitney Bowes Inc., Informatica, Oracle Corporation, SAP SE, SAS Institute Inc. and Experian PLC.
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