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The global data quality tools market reached a value of US$ 1.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4 Billion by 2027, exhibiting at a CAGR of 18.6% during 2022-2027. 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 quality tools refer to various software applications that are used for analyzing datasets and converting them into meaningful information to identify and resolve problems. The tools perform functions such as data validation, standardization, monitoring, enrichment, cleansing, matching, parsing and data profiling. They are used by the organizations for processing data related to consumer behavior, products, suppliers, finances and marketing. They also aid in enhancing the accuracy, completeness and consistency of the information across various departments in the organization. Owing to this, these tools find extensive applications across various industries, including banking, financial services and insurance (BFSI), information technology (IT), telecommunications, healthcare, retail and manufacturing.
Significant growth in information technology (IT) industry is one of the key factors driving the growth of the market. Furthermore, the emerging trend of digitization across the globe, which has led to the creation of large volumes of digital business data, is also providing a boost to the market growth. In line with this, widespread adoption of data quality tools that are combined with data integration systems and mobile device management (MDM) products to create structured processes, manage tasks, track problems and maintain workflow efficiency in the organization, is also contributing to the market growth. Additionally, increasing product utilization in the healthcare and life science sectors is acting as another growth-inducing factor. Data quality tools are being increasingly used to maintain patient records, inventory, hospital systems, administration information and financial data. Apart from this, the development of cloud-based data quality tools and increasing integration with the Internet of Things (IoT) is also impacting the market growth positively.
IMARC Group provides an analysis of the key trends in each sub-segment of the global data quality tools market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on data type, functionality, component, deployment type, organization size and vertical.
Breakup by Data Type:
Breakup by Functionality:
Breakup by Component:
Breakup by Deployment Type:
Breakup by Organization Size:
Breakup by Vertical:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being Ataccama Corporation (Adastra Corporation), Experian PLC, International Business Machines, Informatica LLC, Information Builders Inc., Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Syncsort Incorporated, Talend Inc., Tamr Inc. and Trianz Inc.,
|Base Year of the Analysis||2021|
|Segment Coverage||Data Type, Functionality, Component, Deployment Type, Organization Size, Vertical, 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||Ataccama Corporation (Adastra Corporation), Experian PLC, International Business Machines, Informatica LLC, Information Builders Inc., Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Syncsort Incorporated, Talend Inc., Tamr Inc. and Trianz Inc.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
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)|
The global data quality tools market was valued at US$ 1.4 Billion in 2021.
We expect the global data quality tools market to exhibit a CAGR of 18.6% during 2022-2027.
The growing adoption of data quality tools for analyzing data and converting them into meaningful
information to identify and resolve problems is primarily driving the global data quality tools market.
The sudden outbreak of the COVID-19 pandemic has led to increasing application of data quality
tools, particularly in the healthcare sector, to provide high-quality and real-time data to take
appropriate decisions on potential treatments for the coronavirus-infected patients.
Based on the data type, the global data quality tools market has been bifurcated into customer data,
product data, financial data, compliance data, and others. Currently, customer data accounts for the
majority of the global market share.
Based on the functionality, the global data quality tools market can be segregated into data
validation, data standardization, data enrichment and cleansing, data monitoring, and others.
Among these, data validation represents the largest market share.
Based on the component, the global data quality tools market has been divided into software and
services. Currently, software exhibits a clear dominance in the market.
Based on the deployment type, the global data quality tools market can be categorized into cloud-
based and on-premises, where on-premises deployment currently holds the majority of the total
Based on the organization size, the global data quality tools market has been segmented into small
and medium enterprises and large enterprises. Currently, large enterprises represent the largest
Based on the vertical, the global data quality tools market can be bifurcated into banking, financial
services and insurance, telecommunication and IT, retail and e-commerce, healthcare and life
science, manufacturing, government, energy and utilities, media and entertainment, and others.
Among these, the banking, financial services and insurance sector accounts for the majority of the
total market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global data quality tools market include Ataccama Corporation
(Adastra Corporation), Experian PLC, International Business Machines, Informatica LLC, Information
Builders Inc., Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Syncsort
Incorporated, Talend Inc., Tamr Inc., and Trianz Inc.
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