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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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