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Report Description

Report Description

The global data preparation tools market is anticipated to thrive in the forecast period 2024-2028. The demand for data preparation tools is expected to increase as self-service platforms are expected to improve organizational processes. Increasing organizational demand for analytics has prompted a number of data-driven organizations to invest in the research and development of the data preparation market.

Data preparation tools are implemented as a pre-processing technique, where the data is collected from a variety of sources, cleaned, transformed, and consolidated into one file that can enhance the quality of the data before  its usage in data analytics or business analytics.

In order to combine data from many sources and prepare the data for analysis, data preparation tools are primarily employed. Although there are many data preparation technologies available now, there was a great demand for professional help in the past. Data preparation procedures are changing due to new developments in data preparation technologies, such as data profiling and data cataloging, and developing trends.

 Increasing Importance of Effective Data on a Timely Basis

In data-driven industries like IT and BFSI, data preparation is more widely accepted. These technologies' main purpose is to efficiently locate the appropriate data at the appropriate time. The decision-making process, however, may be hampered by challenges with data preparation that result in incomplete and time-consuming outcomes. For instance, in spreadsheet-based data preparation, the acquired data are manually integrated, cleansed, and transformed into other forms of data using techniques that are challenging to share or replicate. Additionally, user and analyst interactions result in efficient data preparation since analysts are better able to understand the needs of users. For example, users spend more time creating queries and questions that analysts may have previously created and that users might use immediately.

Increasing Demand for Self-Service Data Preparation Tools

The analytics and business intelligence markets have been improved by a number of new trends that have evolved in the data preparation industry, including the data's usability and agility. Interactive data preparation utilizing data exploration, modeling, transformation, and metadata support is offered by a number of data preparation tool providers, including Alteryx and Qlik Technologies Inc. Some niche companies, such SAS Institutions, also provide additional capabilities for greater data enrichment and intelligent self-service.

Increasing Need for Dynamic and Engaging text and Images

The volume of online content in the form of images and videos has increased exponentially with the introduction of digital capturing devices, especially cameras built into smartphones. A significant amount of visual and digital information is being collected and shared through numerous applications, websites, social networks, and other digital channels.. With the aid of data annotation, several companies have taken use of this freely accessible web content to provide their clients with smarter and better services. Moreover, the collection of clinical data, including unstructured text documents, has grown as a result of the expanding use of Electronic Health Record (EHR) systems and is now one of the most important resources for clinical research. To access data hidden in clinical text, statistical Natural Language Processing (NLP) models have been developed. Hence all these factors are boosting the growth of global data preparation tools market.


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Market Segmentation

Global Data Preparation Tools market is segmented by platform, deployment, function, industry vertical. On the basis of platform the market is further segmented into  self service, data integration. On the basis of deployment the market is further divided into On-premises & Cloud.On the basis of function market is further segmented into data collection, data cataloging, data quality, data governance, data curation, and data ingestion. Moreover, on the basis of industry vertical market is segmented into IT and telecom, retail and e-commerce, BFSI, government, healthcare, energy and utilities, manufacturing, and others.

Market Player

Major market players in the global Data Preparation Tools market are Alteryx, Inc, Datawatch Corporation, Informatica Corporation, International Business Machines Corporation, Microsoft Corporation, MicroStrategy Incorporated, QlikTech International AB., SAP SE,  SAS Institute Inc., Tibco Software Inc.

Recent Development

Informatica Corporation acquired GreenBay Technologies, Inc. in August 2020, a business that offered AI-based solutions to automate difficult data management processes. With improved productivity and automation, the acquisition has given Informatica Corporation a competitive edge in the market.

Alteryx, Inc. joined forces with Snowflake Inc., a provider of data solutions, in January 2021. Both businesses would benefit from this partnership's speedier data processing, automated data pipelines, and quicker analytics outputs.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2024-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

·         By Platform

·         By Deployment

·         By Function

·         By Industry Vertical

Regional scope

North America; Asia-Pacific; Europe; South America; Middle East

Country scope

United States, Canada, Mexico, China, Indian, Japan, South Korea, Australia, Singapore, Malaysia, Germany, United Kingdom, France, Russia, Spain, Belgium, Italy, Brazil, Colombia, Argentina, Peru, Chile, , Saudi Arabia, South Africa, UAE, Israel, Turkey

Key companies profiled

Alteryx, Inc, Datawatch Corporation, Informatica Corporation, International Business Machines Corporation, Microsoft Corporation, MicroStrategy Incorporated, QlikTech International AB., SAP SE,  SAS Institute Inc., Tibco Software Inc.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, the Global Data Preparation Tools market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Data Preparation Tools Market, By Platform

o   Self Service

o   Data Integration

·         Data Preparation Tools Market, By Deployment

o   On-premises

o   Cloud

·         Data Preparation Tools Market, By Function

o   Data Collection

o   Data Cataloging

o   Data Quality

o   Data Governance

o   Data Curation

o   Data Ingestion.

·         Data Preparation Tools Market, By Industry Vertical

o   IT and Telecom

o   Retail and E-commerce

o   BFSI

o   Government

o   Healthcare

o   Energy and Utilities

o   Manufacturing

o   Others

·         Data Preparation Tools Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  China

§  India

§  Japan

§  South Korea

§  Australia

§  Singapore

§  Malaysia

o   Europe

§  Germany

§  United Kingdom

§  France

§  Russia

§  Spain

§  Belgium

§  Italy

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Peru

§  Chile

o   Middle East

§  Saudi Arabia

§  South Africa

§  UAE

§  Israel

§  Turkey

 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Data Preparation Tools market.

Available Customizations:

Global Data Preparation Tools market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

The Global Data Preparation Tools market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Data Preparation Tools Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Vendor

5.3.  Key Satisfaction Level

5.4.  Major Challenges Faced

5.5.  Technological Awareness

5.6.  Key Services in Use

5.7.  Frequency of Usage of Data Preparation Tools

6.    Global Data Preparation Tools Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Platform (Self-service and Data integration)

6.2.2.    By Deployment (On-premises & Cloud)

6.2.3.    By Function (Data Collection, Data Cataloging, Data Quality, Data Governance, Data Curation, and Data Ingestion)

6.2.4.    By Industry Vertical (IT and Telecom, Retail and E-commerce, BFSI, Government, Healthcare, Energy and Utilities, Manufacturing, and Others)

6.2.5.    By Region

6.2.6.    By Company

6.3.  Market Map

7.    North America Data Preparation Tools Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Platform

7.2.2.    By Deployment

7.2.3.    By Function

7.2.4.    By Industry Vertical

7.2.5.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Data Preparation Tools Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Platform

7.3.1.2.2.           By Deployment

7.3.1.2.3.           By Function

7.3.1.2.4.           By Industry Vertical

7.3.2.    Canada Data Preparation Tools Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Platform

7.3.2.2.2.           By Deployment

7.3.2.2.3.           By Function

7.3.2.2.4.           By Industry Vertical

7.3.3.    Mexico Data Preparation Tools Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Platform

7.3.3.2.2.           By Deployment

7.3.3.2.3.           By Function

7.3.3.2.4.           By Industry Vertical

8.    Asia-Pacific Data Preparation Tools Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Platform

8.2.2.    By Deployment

8.2.3.    By Function

8.2.4.    By Industry Vertical

8.2.5.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Data Preparation Tools Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.3.        By Platform

8.3.1.4.        By Deployment

8.3.1.5.        By Function

8.3.1.6.        By Industry Vertical

8.3.2.    India Data Preparation Tools Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Platform

8.3.2.2.2.           By Deployment

8.3.2.2.3.           By Function

8.3.2.2.4.           By Industry Vertical

8.3.3.    Japan Data Preparation Tools Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By By Platform

8.3.3.2.2.           By Deployment

8.3.3.2.3.           By Function

8.3.3.2.4.           By Industry Vertical

8.3.4.    South Korea Data Preparation Tools Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Platform

8.3.4.2.2.           By Deployment

8.3.4.2.3.           By Function

8.3.4.2.4.           By Industry Vertical

8.3.5.    Australia Data Preparation Tools Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Platform

8.3.5.2.2.           By Deployment

8.3.5.2.3.           By Function

8.3.5.2.4.           By Industry Vertical

8.3.6.    Singapore Data Preparation Tools Market Outlook

8.3.6.1.        Market Size & Forecast

8.3.6.1.1.           By Value 

8.3.6.2.        Market Share & Forecast

8.3.6.2.1.           By Platform

8.3.6.2.2.           By Deployment

8.3.6.2.3.           By Function

8.3.6.2.4.           By Industry Vertical

8.3.7.    Malaysia Data Preparation Tools Market Outlook

8.3.7.1.        Market Size & Forecast

8.3.7.1.1.           By Value 

8.3.7.2.        Market Share & Forecast

8.3.7.2.1.           By Platform

8.3.7.2.2.           By Deployment

8.3.7.2.3.           By Function

8.3.7.2.4.           By Industry Vertical

9.    Europe Data Preparation Tools Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.1.1.           By Platform

9.2.1.1.2.           By Deployment

9.2.1.1.3.           By Function

9.2.1.1.4.           By Industry Vertical

9.2.1.1.5.           By Country

9.3.  Europe: Country Analysis

9.3.1.    Germany Data Preparation Tools Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Platform

9.3.1.2.2.           By Deployment

9.3.1.2.3.           By Function

9.3.1.2.4.           By Industry Vertical

9.3.2.    United Kingdom Data Preparation Tools Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Platform

9.3.2.2.2.           By Deployment

9.3.2.2.3.           By Function

9.3.2.2.4.           By Industry Vertical

9.3.3.    France Data Preparation Tools Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Platform

9.3.3.2.2.           By Deployment

9.3.3.2.3.           By Function

9.3.3.2.4.           By Industry Vertical

9.3.4.    Russia Data Preparation Tools Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value 

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Platform

9.3.4.2.2.           By Deployment

9.3.4.2.3.           By Function

9.3.4.2.4.           By Industry Vertical

9.3.5.    Spain Data Preparation Tools Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value 

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Platform

9.3.5.2.2.           By Deployment

9.3.5.2.3.           By Function

9.3.5.2.4.           By Industry Vertical

9.3.6.    Belgium Data Preparation Tools Market Outlook

9.3.6.1.        Market Size & Forecast

9.3.6.1.1.           By Value 

9.3.6.2.        Market Share & Forecast

9.3.6.2.1.           By Platform

9.3.6.2.2.           By Deployment

9.3.6.2.3.           By Function

9.3.6.2.4.           By Industry Vertical

9.3.7.    Italy Data Preparation Tools Market Outlook

9.3.7.1.        Market Size & Forecast

9.3.7.1.1.           By Value 

9.3.7.2.        Market Share & Forecast

9.3.7.2.1.           By Platform

9.3.7.2.2.           By Deployment

9.3.7.2.3.           By Function

9.3.7.2.4.           By Industry Vertical

10. South America Data Preparation Tools Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1.1.     By Platform

10.2.1.2.     By Deployment

10.2.1.3.     By Function

10.2.1.4.     By Industry Vertical

10.2.1.5.     By Country

10.3.             South America: Country Analysis

10.3.1. Brazil Data Preparation Tools Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Platform

10.3.1.2.2.         By Deployment

10.3.1.2.3.         By Function

10.3.1.2.4.         By Industry Vertical

10.3.2. Argentina Data Preparation Tools Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Platform

10.3.2.2.2.         By Deployment

10.3.2.2.3.         By Function

10.3.2.2.4.         By Industry Vertical

10.3.3. Colombia Data Preparation Tools Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Platform

10.3.3.2.2.         By Deployment

10.3.3.2.3.         By Function

10.3.3.2.4.         By Industry Vertical

10.3.4. Peru Data Preparation Tools Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value 

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Platform

10.3.4.2.2.         By Deployment

10.3.4.2.3.         By Function

10.3.4.2.4.         By Industry Vertical

10.3.5. Chile Data Preparation Tools Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value 

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Platform

10.3.5.2.2.         By Deployment

10.3.5.2.3.         By Function

10.3.5.2.4.         By By Industry Vertical

11. Middle East & Africa Data Preparation Tools Market Outlook

11.1.             Market Size & Forecast

11.1.1. By Value

11.2.             Market Share & Forecast

11.2.1.1.     By Platform

11.2.1.2.     By Deployment

11.2.1.3.     By Function

11.2.1.4.     By Industry Vertical

11.2.1.5.     By Country

11.3.             Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia Data Preparation Tools Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value 

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Platform

11.3.1.2.2.         By Deployment

11.3.1.2.3.         By Function

11.3.1.2.4.         By Industry Vertical

11.3.2. South Africa Data Preparation Tools Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value 

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Platform

11.3.2.2.2.         By Deployment

11.3.2.2.3.         By Function

11.3.2.2.4.         By Industry Vertical

11.3.3. UAE Data Preparation Tools Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value 

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Platform

11.3.3.2.2.         By Deployment

11.3.3.2.3.         By Function

11.3.3.2.4.         By Industry Vertical

11.3.4. Israel Data Preparation Tools Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value 

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Platform

11.3.4.2.2.         By Deployment

11.3.4.2.3.         By Function

11.3.4.2.4.         By Industry Vertical

11.3.5. Turkey Data Preparation Tools Market Outlook

11.3.5.1.     Market Size & Forecast

11.3.5.1.1.         By Value 

11.3.5.2.     Market Share & Forecast

11.3.5.2.1.         By Platform

11.3.5.2.2.         By Deployment

11.3.5.2.3.         By Function

11.3.5.2.4.         By Industry Vertical

12. Market Dynamics

12.1. Drivers

12.1.1. Increasing Importance Of Effective Data On A Timely Basis

12.1.2. Increasing Demand for Self-Service Data Preparation Tools

12.1.3. Increasing Need For Dynamic And Engaging Text And Images

12.2. Challenges

12.2.1. Organizational barriers to data preparation

12.2.2. High costs associated with manual labeling of complex images.

13. Market Trends & Developments

13.1.   Increasing Adoption of Data Collection and Labeling Tools in Healthcare Industry

13.2.   Rise In Technological Development

13.3.   Government Initiatives

13.4.   Increase In Demand For Data-Driven Decision-Making

13.5.   Demand for Outsourcing of Data Labeling

14. Company Profiles

14.1.             Alteryx, Inc

14.1.1. Business Overview

14.1.2. Key Revenue and Financials

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. Key Product/Services

14.1.6. SWOT Analysis

14.2.             Datawatch Corporation.

14.2.1. Business Overview

14.2.2. Key Revenue and Financials

14.2.3. Recent Developments

14.2.4. Key Personnel

14.2.5. Key Product/Services

14.2.6. SWOT Analysis

14.3.             Informatica Corporation

14.3.1. Business Overview

14.3.2. Key Revenue and Financials

14.3.3. Recent Developments

14.3.4. Key Personnel

14.3.5. Key Product/Services

14.3.6. SWOT Analysis

14.4.             International Business Machines Corporation

14.4.1. Business Overview

14.4.2. Key Revenue and Financials

14.4.3. Recent Developments

14.4.4. Key Personnel

14.4.5. Key Product/Services

14.4.6. SWOT Analysis

14.5.             Microsoft Corporation

14.5.1. Business Overview

14.5.2. Key Revenue and Financials

14.5.3. Recent Developments

14.5.4. Key Personnel

14.5.5. Key Product/Services

14.5.6. SWOT Analysis

14.6.             MicroStrategy Incorporated

14.6.1. Business Overview

14.6.2. Key Revenue and Financials

14.6.3. Recent Developments

14.6.4. Key Personnel

14.6.5. Key Product/Services

14.6.6. SWOT Analysis

14.7.             QlikTech International AB.

14.7.1. Business Overview

14.7.2. Key Revenue and Financials

14.7.3. Recent Developments

14.7.4. Key Personnel

14.7.5. Key Product/Services

14.7.6. SWOT Analysis

14.8.             SAP SE

14.8.1. Business Overview

14.8.2. Key Revenue and Financials

14.8.3. Recent Developments

14.8.4. Key Personnel

14.8.5. Key Product/Services

14.8.6. SWOT Analysis

14.9.             SAS Institute Inc.

14.9.1. Business Overview

14.9.2. Key Revenue and Financials

14.9.3. Recent Developments

14.9.4. Key Personnel

14.9.5. Key Product/Services

14.9.6. SWOT Analysis

14.10.          Tibco Software Inc.

14.10.1.              Business Overview

14.10.2.              Key Revenue and Financials

14.10.3.              Recent Developments

14.10.4.              Key Personnel

14.10.5.              Key Product/Services

14.10.6.              SWOT Analysis

15. Strategic Recommendations

15.1.   Key focus on Asia Pasific Region

15.2.   Key focus towards IT & Telecom Industry

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

Frequently asked questions

Alteryx, Inc, Datawatch Corporation, Informatica Corporation, International Business Machines Corporation, Microsoft Corporation, MicroStrategy Incorporated, QlikTech International AB., SAP SE, SAS Institute Inc., Tibco Software Inc.

The major market segments in the Data Preparation Tools are by platform, deployment, function, industry vertical.

Asia-Pacific is the fastest-growing region in the Data Preparation Tools market due to developing IT industry and government initiative.

The data preparation tools provide effective data analysis, limits data errors and inaccuracies that can occur during processing, and increases user access to all processed data.

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