Data Quality Tools Market Report by Data Type (Customer Data, Product Data, Financial Data, Compliance Data, and Others), Functionality (Data Validation, Data Standardization, Data Enrichment and Cleansing, Data Monitoring, and Others), Component (Software, Services), Deployment Type (Cloud-based, On-premises), Organization Size (Small and Medium Enterprises, Large Enterprises), Vertical (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), and Region 2024-2032

Data Quality Tools Market Report by Data Type (Customer Data, Product Data, Financial Data, Compliance Data, and Others), Functionality (Data Validation, Data Standardization, Data Enrichment and Cleansing, Data Monitoring, and Others), Component (Software, Services), Deployment Type (Cloud-based, On-premises), Organization Size (Small and Medium Enterprises, Large Enterprises), Vertical (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), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A2148
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Market Overview:

The global data quality tools market size reached US$ 2.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.6 Billion by 2032, exhibiting a growth rate (CAGR) of 15.5% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 2.0 Billion
Market Forecast in 2032
US$ 7.6 Billion
Market Growth Rate 2024-2032 15.5%


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.

Global Data Quality Tools Market Report

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global data quality tools market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on data type, functionality, component, deployment type, organization size and vertical.

Breakup by Data Type:

  • Customer Data
  • Product Data
  • Financial Data
  • Compliance Data
  • Others
     

Breakup by Functionality:

  • Data Validation
  • Data Standardization
  • Data Enrichment and Cleansing
  • Data Monitoring
  • Others
     

Breakup by Component:

  • Software
  • Services
    • Professional Services
    • Managed Services
       

Breakup by Deployment Type:

  • Cloud-based
  • On-premises
     

Breakup by Organization Size:

  • Small and Medium Enterprises
  • Large Enterprises
     

Breakup by Vertical:

  • Banking, Financial Services and Insurance
  • Telecommunication and IT
  • Retail and E-Commerce
  • Healthcare and Life Science
  • Manufacturing
  • Government
  • Energy and Utilities
  • Media and Entertainment
  • 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 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
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$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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)

Key Questions Answered in This Report

The global data quality tools market was valued at US$ 2.0 Billion in 2023.

We expect the global data quality tools market to exhibit a CAGR of 15.5% during 2024-2032.

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 market share.

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 market share.

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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Data Quality Tools Market Report by Data Type (Customer Data, Product Data, Financial Data, Compliance Data, and Others), Functionality (Data Validation, Data Standardization, Data Enrichment and Cleansing, Data Monitoring, and Others), Component (Software, Services), Deployment Type (Cloud-based, On-premises), Organization Size (Small and Medium Enterprises, Large Enterprises), Vertical (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), and Region 2024-2032
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