Global Data Prep Market – Industry Trends and Forecast to 2024

The Global Data Prep Market accounted for USD 2.13 billion in 2016 growing at a CAGR of 26.7% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Definition: Global Data Prep Market

Data prep is the process of collecting data into one data, for use in analysis. One of the primary purposes of data prep is to ensure that information generated for analysis is accurate and consistent. The crucial part of data prep is to correct inaccuracies. It has its wide application in banking, financial services, and insurance, government, healthcare, retail and e-commerce, manufacturing, energy and utilities, transportation, IT and telecommunication, and others. Increasing importance of on-time qualified data and rising need for adhering to regulatory and compliance requirements may act as the major driver in the growth of data prep market. On the other side, lack of awareness & expertise and other operational challenges may hamper the market.

Major market drivers & restraints: Global Data Prep Market

Rising need for adhering to regulatory and compliance requirements
Increasing importance of on-time qualified data
Benefits of streamlined business operations
Data prep tools help companies in predictive business analytics
Presence of data silos
Lack of awareness & expertise and other operational challenges

Market Segmentation: Global Data Prep Market

The global data prep market is segmented on the basis of platform into self-service data prep, and data integration.

On the basis of tool, the global data prep market is segmented into data curation, data cataloging, data quality, data ingestion, and data governance.

On the basis of deployment model, the global data prep market is segmented into hosted, and on-premises.

On the basis of vertical, the global data prep market is segmented into banking, financial services, and insurance, government, healthcare, retail and e-commerce, manufacturing, energy and utilities, transportation, IT and telecommunication, and others.

On the basis of geography, the global data prep market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Company Share Analysis: Global Data Prep Market

The report for data prep market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments. 

Major Market Competitors: Global Data Prep Market

Some of the major players of the global data prep market are Alteryx, Inc., IBM Corporation, Informatica, Microsoft Corporation, TIBCO Software Inc., SAS Institute Inc., Datawatch, TABLEAU SOFTWARE, SAP SE, QlikTech International AB, Talend, and others.

Research Methodology: Global Data Prep Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. 

Global Data Prep Market – Industry Trends and Forecast to 2024

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