According to the latest report by IMARC Group, titled “Data Preparation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the Data Preparation Market Report to grow at a CAGR of around 21% during 2021-2026.Data preparation is the process of analyzing, structuring, combining, and organizing raw data into curated datasheets. It is commonly utilized for self-service data integration, science and discovery, business purposes, etc. Data preparation ensures consistent and high-quality data to organizations for optimizing data usage, interchangeability, collaboration, profiling, etc. It aids in standardizing data formats, enriching source data, and removing outliers. As a result, data preparation helps in making better business decisions, enhancing data quality, fixing errors, etc. These processes find extensive applications during mergers and acquisitions (M&A) activities across the globe.
Data Preparation Market Trends:
The growing volumes of data generated by various organizations, coupled with the escalating demand for real-time insights into consumer behavior and preferences, are currently driving the data preparation market. Additionally, the rising adoption of automated solutions in data preparation systems is further augmenting the global market. In line with this, the increasing integration of advanced technologies, such as machine learning (ML) and artificial intelligence (AI), to interpret, read, and flatten complex data structures, is also catalyzing the product demand. Moreover, the sudden outbreak of the COVID-19 pandemic is elevating the demand for data preparation software to maintain large datasheets of the track records of affected patients and vaccinated individuals, which is bolstering the market growth. In the coming years, the rising demand for data analytical software by organizations to explore analytics, increase analyst productivity, and improve organizational data usage, is expected to fuel the data preparation market across the globe.
Request Free Sample Report: https://www.imarcgroup.com/data-preparation-market/requestsample
Data Preparation Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
Altair Engineering Inc., Alteryx Inc., Informatica, International Business Machines Corporation, Microsoft Corporation, MicroStrategy Incorporated, Oracle Corporation, Qlik, SAP SE, SAS Institute Inc., Tableau Software LLC (Salesforce.com Inc.) and TIBCO Software Inc.
Breakup by Platform:
Self-Service
Data Integration
Breakup by Tools:
Data Collection
Data Cataloguing
Data Quality
Data Governance
Data Ingestion
Data Curation
Breakup by Deployment Model:
On-premises
Cloud-based
Breakup by Enterprise Size:
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
Breakup by End User:
BFSI
Healthcare
Retail and E-Commerce
Manufacturing
Energy and Utilities
IT and Telecommunication
Transportation
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
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/data-preparation-market