Data Preparation is mostly known as the process of collecting, consolidating and cleaning data into a single file for analysis. It tries to combine data from multiple sources like the unstructured source. Global data preparation market size was valued at $1.83 billion in 2017 and is estimated to reach $11.05 billion by 2025 with the CAGR of 25.4% during 2019-2025. The growth of data preparation is attributed by growing requirement for adhering to regulatory and compliance requirements, advantages of streamlined business operations, increasing value of on-time qualified data and serving companies in predictive business analytics using data prep tools. However, lack of awareness & other operational challenges, the existence of data silos, concerns on data security & privacy issue and complex to migrate new technologies from traditional architecture are hindering the market. Evolution of IoT, rising numerous range of organisations for data preparation and need for technologies to increase data access & data convergence will provide an opportunity for data preparation market.
Research Study Objectives:
- Define, estimate, and forecast the Data Preparation Market statistics by the tool, platform, deployment mode, end users and regions concerning the individual growth drivers, market trends and their contribution toward the data preparation market growth
- Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
- Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
- Recent competitive developments including M&A (mergers and acquisitions), partnerships, and product innovations are provided in the data preparation market analysis report.
- Analysis and conclusions on the future data preparation market outlook.
Top-down and bottom-up approaches are used to validate the data preparation market size and
are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The data preparation market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the Data Preparation Market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.
The scope of the Report
The data preparation market segmentation is as follows:
By Tool
- Data Curation
- Data Cataloging
- Data Quality
- Data Ingestion
- Data Governance
By Platform
- Self-Service Data Preparation
- Data Integration
By Deployment Mode
By End Users
- Banking, Financial Services, and Insurance (BFSI)
- Government
- Healthcare
- Retail and E-Commerce
- Manufacturing
- Energy and Utilities
- Transportation
- IT and Telecommunication
- Others
Geographical Analysis:
Data preparation market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries
into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.
Customization Options:
With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the data preparation market include:
- Scope Revision
- Geographic Analysis
- Company Profiles
- Historical Data & Forecasting
- Key Contact Persons in companies
Global Data Preparation Market Research Report Includes:
- An executive summary condening the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOTanalysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact on altering market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the significant world mobile applications, such as
- IBM Corporation
- SAS Institute
- Microsoft Corporation
- SAP SE
- Waterline Data, Inc.
Along with these companies, many other companies are considered in the report while analysing the global data preparation market competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.
