The global data prep market size is estimated to grow from USD 1.46 billion in 2016 to USD 3.93 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 25.2%. There is increase in data traffic due to the exponential growth of big data, analytics, and other technological modules. Hence, there is huge demand for data prep solutions to analyze the data and get actionable insights.
The data prep market by data quality tool is estimated to grow with the largest market share during the forecast period. Data quality tools are being used in various verticals and have various applications. By maintaining data quality before the analytics phase, analysts can blend data easily and build concise predictive models. Data quality tools is also being used for asset & liability management, budgetary control management, general ledger management, payables & receivables management, and profitability management.
North America holds the largest market share in 2016 and the trend is expected to continue in the coming years. The data prep market is showing strong positive trends in the region as several companies and industries are adopting data prep at various levels, as a part of their strategy to strive in the market and increase their productivity. The Asia-Pacific (APAC) market is expected to witness exponential growth and is projected to be the fastest growing region for the global data prep market. This is due to the rising demand for data prep solutions and services in this region.
- Alteryx, Inc
- Datawatch Corporation
- International Business Machines Corporation
- Microsoft Corporation
- Microstrategy Incorporated
- Qlik Technologies Inc.
- SAP SE.
- SAS Institute
- Tableau Software, Inc.
- Tibco Software Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Data Prep Market Analysis, By Platform
8 Data Prep Market Analysis, By Tool
9 Data Prep Market, By Deployment Model
10 Data Prep Market Analysis, By Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/7bjl77/data_prep_market
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/data-prep-market-to-reach-3-billion-by-2021---increase-in-data-traffic-due-to-the-exponential-growth-of-big-data--analytics---research-and-markets-300376609.html
SOURCE Research and Markets