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The global data preparation market size stood at a value of around USD 5.25 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 18.1% to reach USD 23.46 billion by 2032.
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The increasing adoption of cloud-based data preparation software by analysts in enterprises is driving the segment’s growth. This can be attributed to the fact that cloud-based data preparation software enables efficient cleaning, exploration, and preparation of data for accurate analysis which enhances the speed of analytical operations.
Over the forecast period, the growing demand for cloud data preparation software by organisations to keep the data secure and bolster disaster recovery is further boosting the segment’s growth, spurring on the data preparation market. Furthermore, there is increasing awareness among data analysts about various advantages offered by cloud data preparation software. These advantages include cost savings, flexibility, greater insights, mobility, better quality control, and reduced risk of data loss, among others, are anticipated to support the growth of this segment in the coming years.
The market in the North America region is being driven by the advanced digital infrastructure across strong economies such as the United States and Canada, leading to technological advancements in enterprises. Moreover, the increasing emphasis towards on-time qualified data in the region is further bolstering the demand for data preparation software.
Over the forecast period, the strong foothold of major market players in the region is likely to lead to advancements in the features of data preparation tools and software. Furthermore, the favourable policies of governments, encouraging automation across industries such as transportation, government, retail and e-commerce, and healthcare, among others, are anticipated to augment the market growth in the coming years.
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Data prep, also known as data preparation, is defined as the process of gathering, structuring, and organising data which can be used in various data-based applications. It also cleans, validates, discovers, and assesses data. Data preparation is aimed towards reducing the chances of errors and inaccuracies in order to enhance business profitability.
Based on platform, the data preparation market can be segmented into:
By deployment, the market has been divided into:
On the basis of function type, the market has been categorised into:
The significant industry verticals included in the market are as follows:
The regional markets for data preparation include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The increasing demand for data preparation strategies from various end use industries to organise unstructured data in order to gain a competitive edge and improve decision making in the business is driving the data preparation market growth. In addition to this, the increasing adoption of data preparation tools by medium and large enterprises to obtain assistance with on-time qualified data is further propelling the market.
Over the forecast period, the technological advancements in industries such as manufacturing, BFSI, and healthcare, among others, are leading to a heightened dependence on internet services, cloud-based data preparation software, and smart devices such as laptops and mobiles.
The increasing need for adherence to regulatory requirements and for streamlining business operations at the same time, are likely to bolster the demand for data preparation strategies. The progressive product launches aimed towards assisting analysts in blending data from diverse data sets are anticipated to add to the market growth in the coming years.
The report gives a detailed analysis of the following key players in the global data preparation market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Platform |
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Breakup by Deployment |
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Breakup by Function Type |
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Breakup by Industry Vertical |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Opportunities and Challenges in the Market
8 Global Data Preparation Market Analysis
8.1 Key Industry Highlights
8.2 Global Data Preparation Historical Market (2018-2023)
8.3 Global Data Preparation Market Forecast (2024-2032)
8.4 Global Data Preparation Market by Platform
8.4.1 Self-Service
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Data Integration
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Data Preparation Market by Deployment
8.5.1 On-premises
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Cloud
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Data Preparation Market by Function Type
8.6.1 Data Collection
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Data Cataloging
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Data Quality
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Data Governance
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Data Ingestion
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Data Curation
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.7 Global Data Preparation Market by Industry Vertical
8.7.1 IT and Telecom
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Retail and E-commerce
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 BFSI
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Government
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Healthcare
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Energy and Utilities
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Transportation
8.7.7.1 Historical Trend (2018-2023)
8.7.7.2 Forecast Trend (2024-2032)
8.7.8 Manufacturing
8.7.8.1 Historical Trend (2018-2023)
8.7.8.2 Forecast Trend (2024-2032)
8.7.9 Others
8.8 Global Data Preparation Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Data Preparation Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Data Preparation Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Data Preparation Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Data Preparation Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Data Preparation Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 IBM Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Microsoft Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 QlikTech International AB
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 EMIC Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Altair Engineering, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 SAS Institute Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Informatica Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Data Preparation Market: Key Industry Highlights, 2018 and 2032
2. Global Data Preparation Historical Market: Breakup by Platform (USD Million), 2018-2023
3. Global Data Preparation Market Forecast: Breakup by Platform (USD Million), 2024-2032
4. Global Data Preparation Historical Market: Breakup by Deployment (USD Million), 2018-2023
5. Global Data Preparation Market Forecast: Breakup by Deployment (USD Million), 2024-2032
6. Global Data Preparation Historical Market: Breakup by Function Type (USD Million), 2018-2023
7. Global Data Preparation Market Forecast: Breakup by Function Type (USD Million), 2024-2032
8. Global Data Preparation Historical Market: Breakup by Industry Vertical (USD Million), 2018-2023
9. Global Data Preparation Market Forecast: Breakup by Industry Vertical (USD Million), 2024-2032
10. Global Data Preparation Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Data Preparation Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Data Preparation Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Data Preparation Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Data Preparation Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Data Preparation Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Data Preparation Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Data Preparation Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Data Preparation Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Data Preparation Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Data Preparation Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Data Preparation Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Data Preparation Market Structure.
In 2023, the global market for data preparation attained a value of nearly USD 5.25 billion.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 23.46 billion by 2032.
The global market is estimated to grow at a CAGR of 18.1% between 2024 and 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the increasing application of data preparation tools in enterprises, rising unstructured data across various end use industries, and increasing efforts by businesses to streamline operations.
The technological advancements across various industries such as BFSI, manufacturing, and transportation, among others are likely to be the key trends in the market.
Self-service and data integration are the different segments based on platform.
On-premises and cloud is the segmentation of market based on deployment.
Data collection, data cataloguing, data quality, data governance, data ingestion, and data curation are the different end uses considered in the market report.
IT and telecom, retail and e-commerce, healthcare, BFSI, transportation, government, energy and utilities, and manufacturing, among others are the major industry verticals included in the market report.
The major players in the industry are IBM Corporation, Microsoft Corporation, QlikTech International AB, TIBCO Software Inc., Altair Engineering, Inc., SAS Institute Inc., and Informatica Inc., among others.
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