Data Quality Tools Market to Grow at 14.41% CAGR to 2020
PUNE, India, August 26, 2016 /PRNewswire/ --
The global data quality tools market 2016-2020 report says one of the key trends for market growth will be raising incorporation of data quality tools with data integration tools such as ETL, data synchronization, and data transformation to enhance the synchronization of data along with data integration capabilities. Most of the vendors in the market offer solutions that include both data quality and data integration tools, but very few vendors deliver the complete capabilities of both the tools (design-time and runtime). Vendors also continue to offer these two products separately because of budget constraints. However, vendors offering a combination of the two are one of the trends being witnessed in the market.
Complete report on data quality tools market spread across 72 pages, analyzing 6 major companies and providing 45 data exhibits now available at http://www.sandlerresearch.org/global-data-quality-tools-market-2016-2020.html.
The analysts forecast the global data quality tools market to grow at a CAGR of 14.41% during the period 2016-2020. According to the data quality tools market report, growing demand for enterprise information management will be a key trend for market growth. Enterprise information management (EIM) focuses on providing solutions for optimal utilization of information within organizations to help decision-making processes. Various data management-related initiatives are being implemented by enterprises to improve the decision-making processes across departments. These initiatives including data governance, master data management, BI, business analytics, and application modernization are defined as EIM. An increase in demand for EIM is driving the growth of the global data quality tools market. The market is specifically driven by high demand for data governance, a significant component of EIM.
The data quality tools market was dominated by the Americas, which accounted for approximately 43% of the total market shares. The improving enterprise-wide financial performance visibility providing perceptibility of the financial yield of their business, from the perspective of both the enterprise and business users, will lead to a rise in the adoption of data quality tools.
The on-premises segment dominated the market accounting for around 75% of the total market shares. The benefit of customization, which allows enterprises to fulfill their respective organizational needs and enhances security to gain better control over data in on-premises solutions will aid in the growth of data quality tools market segment during the forecast period. In 2015, enterprises from various industries dominated the market, accounting for around 92% of the total market share.
The following companies are the key players in the global data quality tools market: IBM, Informatica, Oracle, SAP, SAS Institute, and Trillium Software. Other prominent vendors in the market are: Ataccama, DataMentors, Experian, Innovative Systems, Melissa Data, Pitney Bowes, RedPoint, Talend, and Uniserv. Order a copy of Global Data Quality Tools Market 2016-2020 report @ http://www.sandlerresearch.org/discount?rname=59330.
Global Data Quality Tools Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The data quality tools market report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from license fees, consulting fees, and annual maintenance fees of data quality tools.
Another related report is Global Enterprise Information Management Market 2016-2020, a trend which is boosting market growth is big data governance. Enterprise-level information governance is becoming complex and growing rapidly because of cross-functional workgroups, business processes, disparate locations, and unstructured data. Enterprise level data grow at the rate of 30%-40% per year. Browse complete report @ http://www.sandlerresearch.org/global-enterprise-information-management-market-2016-2020.html
Explore other new reports on Information Technology Market @ http://www.sandlerresearch.org/market-research/information-technology.
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