The global data preparation market size reached US$ 5.5 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 24.2 Billion by 2032, exhibiting a growth rate (CAGR) of 17.89% during 2023-2032.
Data preparation refers to the process of exploring, combining, organizing, and structuring raw data into curated datasheets. It is mainly used for self-service data integration, science and discovery, and business purposes. It provides consistent and high-quality data to organizations for maximizing their intelligence potential. It assists in standardizing data formats, enriching source data, and removing outliers. As it also aids in making better business decisions, improving data quality, and fixing errors, it finds extensive applications during mergers and acquisitions (M&A) activities worldwide.
Apart from this, the rapid adoption of automation and cloud technologies in enterprises is also contributing to market growth. Furthermore, leading market players are integrating advanced technologies, such as artificial intelligence (AI) and machine learning (ML), with data preparation to read, interpret, and flatten complex data structures. They are also focusing on establishing standards and guidelines for security and their ability to track data lineage and usage, which is creating a favorable market outlook. Besides this, the spread of coronavirus disease (COVID-19) is positively influencing the demand for data preparation software to maintain large datasheets of previous trials and track records of affected patients.
2. What is the expected growth rate of the global data preparation market during 2024-2032?
3. What are the key factors driving the global data preparation market?
4. What has been the impact of COVID-19 on the global data preparation market?
5. What is the breakup of the global data preparation market based on the platform?
6. What is the breakup of the global data preparation market based on the tools?
7. What is the breakup of the global data preparation market based on the deployment model?
8. What is the breakup of the global data preparation market based on the enterprise size?
9. What is the breakup of the global data preparation market based on the end user?
10. What are the key regions in the global data preparation market?
11. Who are the key players/companies in the global data preparation market?
Data preparation refers to the process of exploring, combining, organizing, and structuring raw data into curated datasheets. It is mainly used for self-service data integration, science and discovery, and business purposes. It provides consistent and high-quality data to organizations for maximizing their intelligence potential. It assists in standardizing data formats, enriching source data, and removing outliers. As it also aids in making better business decisions, improving data quality, and fixing errors, it finds extensive applications during mergers and acquisitions (M&A) activities worldwide.
Data Preparation Market Trends:
Presently, there is a considerable rise in the volume of data generated by different organizations. This, in confluence with the growing need for profound insights and analysis of consumer behavior and their preferences in real-time, represents one of the key factors catalyzing the demand for data analytics software around the world. Data preparation ensures easy interchangeability, collaboration, and profiling of data. Moreover, as it empowers exploratory analytics, increases analyst productivity, and improves organizational data usage, its application is increasing, especially among telecom, information technology (IT) and retail sectors.Apart from this, the rapid adoption of automation and cloud technologies in enterprises is also contributing to market growth. Furthermore, leading market players are integrating advanced technologies, such as artificial intelligence (AI) and machine learning (ML), with data preparation to read, interpret, and flatten complex data structures. They are also focusing on establishing standards and guidelines for security and their ability to track data lineage and usage, which is creating a favorable market outlook. Besides this, the spread of coronavirus disease (COVID-19) is positively influencing the demand for data preparation software to maintain large datasheets of previous trials and track records of affected patients.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global data preparation market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on platform, tools, deployment model, enterprise size and end user.Breakup by Platform:
- Self-Service
- Data Integration
Breakup by Tools:
- Data Collection
- Data Cataloguing
- Data Quality
- Data Governance
- Data Ingestion
- Data Curation
Breakup by Deployment Model:
- On-premises
- Cloud-based
Breakup by Enterprise Size:
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
Breakup by End User:
- BFSI
- Healthcare
- Retail and E-Commerce
- Manufacturing
- Energy and Utilities
- IT and Telecommunication
- Transportation
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Altair Engineering Inc., Alteryx Inc., Informatica, International Business Machines Corporation, Microsoft Corporation, MicroStrategy Incorporated, Oracle Corporation, Qlik, SAP SE, SAS Institute Inc., Tableau Software LLC (Salesforce.com Inc.) and TIBCO Software Inc.Key Questions Answered in This Report
1. How big is the global data preparation market?2. What is the expected growth rate of the global data preparation market during 2024-2032?
3. What are the key factors driving the global data preparation market?
4. What has been the impact of COVID-19 on the global data preparation market?
5. What is the breakup of the global data preparation market based on the platform?
6. What is the breakup of the global data preparation market based on the tools?
7. What is the breakup of the global data preparation market based on the deployment model?
8. What is the breakup of the global data preparation market based on the enterprise size?
9. What is the breakup of the global data preparation market based on the end user?
10. What are the key regions in the global data preparation market?
11. Who are the key players/companies in the global data preparation market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Data Preparation Market
6 Market Breakup by Platform
7 Market Breakup by Tools
8 Market Breakup by Deployment Model
9 Market Breakup by Enterprise Size
10 Market Breakup by End User
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Altair Engineering Inc.
- Alteryx Inc.
- Informatica
- International Business Machines Corporation
- Microsoft Corporation
- MicroStrategy Incorporated
- Oracle Corporation
- Qlik
- SAP SE
- SAS Institute Inc.
- Tableau Software LLC (Salesforce.com Inc.)
- TIBCO Software Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 5.5 Billion |
| Forecasted Market Value ( USD | $ 24.2 Billion |
| Compound Annual Growth Rate | 17.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
