The global data wrangling market is expected to grow from USD 1.29 Billion in 2018 to USD 3.18 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 19.7% during the forecast period. A rapid increase of data volumes across industry verticals is triggering organizations to incorporate advanced analytics algorithms in their systems to gain substantial insights that help them to stay competitive. The proliferation of data across verticals is one of the main growth for the market.
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The report provides detailed insights into the global data wrangling market based on business functions, components, deployment models, organization sizes, verticals, and regions. Among the component, data wrangling tools are expected to have the largest market size during the forecast period.
With the proliferation of data, the data wrangling tools are expected to be adopted at a rapid pace, as they are a precursor to the analytics workflows.
Key Target Audience
- Regulatory and research organizations
- Raw material producers, suppliers, and distributors
- Equipment manufacturers, traders, distributors, and dealers
- Pet food ingredient manufacturers, traders, distributors, and dealers
Data wrangling tools are the precursor to analytics and thus would be adopted substantially with growing use of analytics in finance business process. Finance business application utilizes power of analytics to determine risk factors, enhance business processes, invest judiciously, access profitability, identify target customers, and predict future events.
Along with this, analytics software also assists in improving client relations, driving revenue, managing risks, meeting regulatory obligations, streamlining back-office processes, and developing high quality products and services.
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The APAC region is expected to grow at the highest rate in the data wrangling market during the forecast period. Australia, New Zealand, China, Singapore, and Japan are witnessing growth in big data and analytics startups.
This would create numerous growth opportunities especially in China, India, Bangladesh, and others. With the growth of smart cities and proliferation of IoT devices, the region is expected to witness huge growth in the coming years.
2 Prominent Players in the Data Wrangling Market
3 Competitive Scenario
4 New Product Launches and Product Upgradations
5 Partnerships, Collaborations, and Agreements
6 Business Expansions
The key vendors of the data wrangling market are Trifacta (US), Datawatch (US), Dataiku (France), IBM (US), SAS Institute (US), Oracle (US), Talend (US), Alteryx (US), TIBCO (US), Paxata (US), Informatica (US), Hitachi Vantara (US), Teradata (US), Datameer (US), Cooladata (US), Unifi (US), Rapid Insight (US), Infogix, (US), Zaloni (US), Impetus (US), Ideata Analytics (India), Onedot (Switzerland), IRI (US), Brillio, and TMMData(US).
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Data wrangling solution providers have started expanding their footprint in Japan owing to the increase in big data and rising need for data preparation solutions. For instance, Paxata partnered with K.K.
Ashisuto to serve as a distributor for Paxata’s data preparation solution. This is expected to drive the growth of data wrangling solutions during the forecast period.
The break-up of the profile of the primary participants is as follows:
- By Company: Tier 1 – 33 %, Tier 2 –26%, and Tier 3 –41%
- By Designation: C level – 37%, Director level – 44%, and Others – 19%
- By Region: North America – 36%, Europe – 29%, APAC – 25% and RoW – 10%
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