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The global data preparation market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 21% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global data preparation market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on platform, tools, deployment model, enterprise size and end user.
Breakup by Platform:
Breakup by Tools:
Breakup by Deployment Model:
Breakup by Enterprise Size:
Breakup by End User:
Breakup by Region:
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.
|Base Year of the Analysis||2020|
|Segment Coverage||Platform, Tools, Deployment Model, Enterprise Size, End User, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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