Global Data Quality Tools Market to Grow at 14.9% During 2025-2033, Propelled by Significant Increase in Digital Business Data Generation

November 19, 2024 | Technology & Media

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According to the latest report by IMARC Group, titled "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 2025-2033," the global data quality tools market reached a value of USD 2.3 Billion in 2024. Data quality tools refer to software applications that are widely used for analyzing datasets while identifying and resolving problems. These tools are utilized to enhance the quality of the data through various standardized processes that assist in converting them into meaningful information. This is done in order to address diverse aspects of data quality problems, such as data cleansing, profiling, matching, parsing, standardization and enrichment. Apart from this, these solutions assist in improving the overall timeliness, completeness, accuracy and consistency of information collected from various enterprise operations. As a result, they are increasingly deployed across numerous industry verticals, such as information technology (IT), banking, financial services and insurance (BFSI), healthcare, retail, telecommunications and manufacturing sectors.

Global Data Quality Tools Market Trends:

The global market is majorly driven by rapid digitization across several sectors. Supported by the increasing generation of large volumes of digital business data across the industries, this has led to the growing need for quality data tools for strategic decision-making solutions in organizations and businesses. Moreover, the increasing integration of data quality tools with mobile device management (MDM) products for streamlining and managing tasks in an efficient manner while maintaining a steady workflow across the company is also acting as a major growth-inducing factor. The market is further driven by the widespread adoption of these tools across the healthcare sector so as to facilitate proper management of financial data, hospital systems, patient and inventory records, and administration information. Some of the other factors that are providing an impetus to the market growth include the rising product utilization in the life science sector, increasing adoption of the Internet of Things (IoT) solutions and the widespread preference for cloud data storage across varied industries. Looking forward, the market value is projected to reach USD 8.0 Billion by 2033, expanding at a CAGR of 14.9% during 2025-2033.

Market Summary:

On the basis of the data type, the market has been divided into the customer, product, financial, compliance and other forms of data.
Based on the functionality, the market has been classified into data validation, data standardization, data enrichment and cleansing, data monitoring, and others.
On the basis of the component, the market has been categorized into software and services (professional and managed services).
Based on the deployment type, the market has been bifurcated into cloud-based and on-premises.
On the basis of the organization size, the market has been segregated into small and medium enterprises, and large enterprises.
Based on the vertical, the market has been segmented 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.
On the geographical front, the market has been divided into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Alteryx, CDQ AG & CDQ GmbH, Experian Data Quality, Informatica Inc., International Business Machines Corporation, KNIME, Precisely, SAP SE, SAS Institute Inc., Syniti, Talend, Inc., Tamr Inc., etc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
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	Alteryx, CDQ AG & CDQ GmbH, Experian Data Quality, Informatica Inc., International Business Machines Corporation, KNIME, Precisely, SAP SE, SAS Institute Inc., Syniti, Talend, Inc., Tamr Inc., etc.
Customization Scope	10% Free Customization
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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Global Data Quality Tools Market to Grow at 14.9% During 2025-2033, Propelled by Significant Increase in Digital Business Data Generation

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