The report segments the data prep market on the basis of platforms, which include self-service data prep and data integration, tools such as data curation, data cataloging, data quality, data ingestion, and data governance, deployment models which consist of hosted and on-premises, and verticals, which include Banking, Financial Services, and Insurance(BFSI), government, healthcare, retail & e-commerce, manufacturing, energy & utilities, transportation, IT & telecommunication.
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The global data prep market size is estimated to grow from USD 1.46 billion in 2016 to USD 3.93 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 25.2%. There is increase in data traffic due to the exponential growth of big data, analytics, and other technological modules.
Hence, there is huge demand for data prep solutions to analyze the data and get actionable insights.
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The data prep market by data quality tool is estimated to grow with the largest market share during the forecast period.
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By maintaining data quality before the analytics phase, analysts can blend data easily and build concise predictive models. Data quality tools is also being used for asset & liability management, budgetary control management, general ledger management, payables & receivables management, and profitability management.
North America holds the largest market share in 2016 and the trend is expected to continue in the coming years. The data prep market is showing strong positive trends in the region as several companies and industries are adopting data prep at various levels, as a part of their strategy to strive in the market and increase their productivity.
The Asia-Pacific (APAC) market is expected to witness exponential growth and is projected to be the fastest growing region for the global data prep market. This is due to the rising demand for data prep solutions and services in this region.
Key Points From Table Of Content:
5 Market Overview
5.2 Market Evolution
5.3 Market Segmentation
5.3.1 By Platform
5.3.2 By Tool
5.3.3 By Deployment Model
5.3.4 By Industry Vertical
5.3.5 By Region
5.4 Market Dynamics
126.96.36.199 Increasing Importance of On-Time Qualified Data
188.8.131.52 Rising Need for Adhering to Regulatory and Compliance Requirements
184.108.40.206 Benefits of Streamlined Business Operations
220.127.116.11 Data Prep Tools Help Companies in Predictive Business Analytics
18.104.22.168 Presence of Data Silos
22.214.171.124 Lack of Awareness & Expertise and Other Operational Challenges
126.96.36.199 Evolution of Iot
188.8.131.52 Increasing Number of Organizations Harnessing the Advantage of Data Preparation
184.108.40.206 Need for Deploying Specific Tools and Technologies to Increase Data Access and Data Convergence
220.127.116.11 Difficulties in Shifting From Traditional Architecture to New Technologies and Systems
18.104.22.168 Data Security and Privacy Concerns
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13 Company Profiles
(Overview, Financials, Products & Services, Strategy, and Developments)*
13.2 Alteryx, Inc
13.4 International Business Machines Corporation
13.5 Tibco Software Inc.
13.6 Microsoft Corporation
13.7 SAS Institute
13.8 Datawatch Corporation
13.9 Tableau Software, Inc.
13.10 Qlik Technologies Inc.
13.11 SAP SE.
13.13 Microstrategy Incorporated
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