Data Preparation Tools Market Witness Growth 19.2% by 2030

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The global data preparation tools market size is expected to be worth around US$ 18.6 billion by 2030, according to a new report by Vision Research Reports.

The global data preparation tools market size was valued at US$ 5.08 billion in 2020 and is anticipated to grow at a CAGR of 19.2% during forecast period 2021 to 2030.

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Data Preparation Tools Market (By Platform: Self-service, Data integration; By Function: Data collection, Data cataloging, Data quality, Data governance, Data ingestion, Data curation; By Deployment: On-premise, Cloud; By Vertical: IT and Telecom, Retail and E-commerce, BFSI, Government, Healthcare, Energy and Utilities, Transportation, Manufacturing) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Report Coverage

Report Scope Details
Market Size USD 18.6 billion by 2030
Growth Rate CAGR of 19.2% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Platform, Deployment, Function, Vertical
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Alteryx, Inc.; Datawatch Corporation; Informatica Corporation; International Business Machines Corporation; Microsoft Corporation; MicroStrategy Incorporated; Qlik Technologies Inc.; SAP SE; SAS Institute Inc.; Tibco Software Inc.

Growth Factors

 Data preparation tools can help organizations augment their efficiency by ensuring easy access to data. The increasing demand for data analytics, particularly in the IT and retail sectors, is expected to drive the demand for data preparation tools.

The growth of the market can be attributed particularly to the capabilities of self-service data preparation tools to ensure easy interchangeability, collaboration, and profiling of data as well as to address the concerns associated with the safety of the data. Demand for self-service data preparation tools would continue to increase as data analytics companies continue to demand efficient solutions to access and analyze large volumes of data.

By Platform Analysis

The data integration platform dominated the data preparation tools market and led for more than 60% of the revenue share in 2020. Based on the platform, the market has been sub-segmented into self-service and data integration.

The self-service platform also assists in integrating and analyzing the data collected from IoT devices, thereby helping organizations develop their business intelligence. In March 2016, IBM partnered with Datawatch Corporation to ensure better and quicker access to data and self-service data preparation to users of IBM Cognos Analytics and IBM Watson Analytics.

By Function Analysis

The data collection dominated the market and led for more than 27% of the revenue share in 2020. Based on function, the market has been sub-segmented into data collection, data cataloging, data quality, data governance, data ingestion, and data curation.

the data cataloging function is expected to demonstrate a notable shift in its demand, registering a CAGR of 19.9% over the forecast period. Owing to the continued rollout of IoT devices that generate large volumes of data, there is a need for efficient cataloging tools to analyze IoT data is expected to increase over the forecast period.

By Vertical Analysis

IT and telecom dominated the market and accounted for more than 35% of the revenue share in 2020. Based on vertical, the market has been sub-segmented into IT and telecom, retail and e-commerce, BFSI, government healthcare, energy and utilities, transportation, manufacturing, and others.

Retail analytics is one of the primary applications of data preparation tools. Retail analytics requires data to be collated from different input sources and supplied to various analytics firms for analysis. Self-service data preparation tools can automate this entire process.

By Deployment Analysis

Based on deployment, the market for data preparation tools has been sub-segmented into on-premise and cloud. The on-premise segment dominated the global market and led for a revenue share of more than 49% in 2020.

 The cloud segment is expected to expand at the highest CAGR over the forecast period. Adoption of a combination of cloud technologies and a self-service platform is emerging as a popular trend among various data-driven companies, as it offers users access to local as well as cloud sources, thereby assisting them in significantly increasing the efficiency of the company.

By Regional Analysis

North America dominated the market and led for over 37% share of global revenue in 2020. This high share is attributed to the growing integration of artificial intelligence and mobile computing platforms in digital shopping and e-commerce. It creates a large amount of data for annotation.

Data preparation happens to be a part of data analytics. The demand for data analytics is growing rapidly in developing economies, such as China and India, as the retail and e-commerce sectors continue to gain traction in these regions. These factors are expected to fuel the growth of the market in the Asia Pacific region.

Key Players

  • Alteryx, Inc.
  • Datawatch Corporation
  • Informatica Corporation
  • International Business Machines Corporation
  • Microsoft Corporation
  • MicroStrategy Incorporated
  • Qlik Technologies Inc.
  • SAP SE
  • SAS Institute Inc.
  • Tibco Software Inc.

Market Segmentation

  • By Platform
    • Self-service
    • Data integration
  • By Function
    • Data collection
    • Data cataloging
    • Data quality
    • Data governance
    • Data ingestion
    • Data curation
  • By Deployment
    • On-premise
    • Cloud
  • By Vertical
    • IT and Telecom
    • Retail and E-commerce
    • BFSI
    • Government
    • Healthcare
    • Energy and Utilities
    • Transportation
    • Manufacturing
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
    • Asia Pacific
      • China
      • Japan
      • India
    • South America
      • Brazil
    • Middle East and Africa

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

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