Market Overview:
The global data prep market is expected to grow from USD 1.02 Billion in 2018 to USD 2.48 Billion by 2030, at a CAGR of 13.8% from 2018 to 2030. The growth of the global data prep market can be attributed to the increasing demand for big data and analytics solutions, growing need for data governance and compliance, and rising trend of cloud-based deployments. The global data prep market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into data curation, data cataloging,data quality assessment & assurance,,data ingestion,,and datagov ernance .On t he basis o f applicatio n , th e ma rket i s se gme nted in t o hosted an d on -premises . O n th e basi s o f regi on , th e ma rket i s se gme nted in t o North America,,Latin America,,Europe,,,,Asia Pacific,,,,and Middle East & Africa ).
Product Definition:
Data Prep is the process of preparing data for analysis. It includes cleaning and transforming data so that it is ready for analysis. The importance of data prep is that it ensures that data is ready for analysis, which allows researchers to draw accurate conclusions from their data.
Data Curation:
Data curation is the process of selecting and promoting reliable data from within a large body of raw data. It's an important part of Data Prep as it helps in enhancing the quality and reducing the size of datasets. The selection is done based on certain rules which are set by publishers, data providers or users.
Data Cataloging:
Data cataloging is the process of capturing data and making it available for others to use. It includes description, classification, organization, and other attributes of the data. In other words, it's a tool that helps in classifying & organizing different types of digital information so that they can be easily found when needed.
It also helps in providing search facilities to find specific information quickly using relevant tags or key words.
Application Insights:
The hosted application segment accounted for the largest revenue share in 2016 and is anticipated to continue its dominance over the forecast period. The growing demand for data preparation services as a part of an organizations data management strategy is expected to drive the growth of this segment. The on-premises application segment is also expected to grow steadily over the forecast period owing to increasing investments by companies in their infrastructure and operations. This has led them towards adopting cloud computing, which offers flexible deployment options along with elastic scalability features across various devices. These factors are projected to increase market penetration over the next seven years.
The Middle East & Africa region has been identified as one of significant growth opportunities due largely on account of increased government spending coupled with population expansion leading towards urbanization in countries such as Saudi Arabia, UAE.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to various factors such as increasing adoption of cloud-based solutions, growing demand for data preparation services, and rising regulatory requirements for data security & protection. Moreover, presence of a large number of vendors in this region that offer end-to-end data preparation solutions is also contributing towards regional growth.
Asia Pacific is anticipated to emerge as the fastest growing regional market during the forecast period owing to significant developments taking place at a rapid pace in this region with respect to technological advancements and increased penetration of digital services across various industry verticals & sectors (BFSI, telecom). Furthermore, governments’ continuous efforts aimed at improving healthcare infrastructure are also expected drive growth across Asia Pacific over the next few years which would subsequently benefit market expansion prospects considerably.
Growth Factors:
- Increasing demand for data-driven decision making: The need for timely, accurate and actionable insights is driving the demand for data prep services. Businesses are looking to make better decisions by extracting value from big data and analytics.
- Proliferation of data sources: The growth of digital technologies has led to the generation of vast amounts of data in different formats (structured, semi-structured, and unstructured). This is fueling the demand for data prep services that can help organizations make sense of all this information.
- Shift to self-service analytics: Organizations are increasingly adopting self-service analytics tools and platforms, which require preprocessing of raw datasets before they can be used in these tools. This is boosting the demand for Data Prep services.
- Growing focus on regulatory compliance: Stringent regulations such as GDPR are compelling organizations to cleanse and prepare their datasets before they can be used for analysis or shared with third parties. This is driving up demand for Data Prep services worldwide . 5) Increased use of artificial intelligence (AI): The growing use of AI across industries is generating large volumes of training data that needs to be prepped before it can be used in AI applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Data Prep Market Research Report
By Type
Data Curation, Data Cataloging, Data Quality, Data Ingestion, Data Governance
By Application
Hosted, On-premises
By Companies
Alteryx, Inc, Informatica, IBM, Tibco Software Inc., Microsoft, SAS Institute, Datawatch Corporation, Tableau Software, Qlik Technologies Inc., SAP SE., Talend, Microstrategy Incorporated
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Data Prep Market Report Segments:
The global Data Prep market is segmented on the basis of:
Types
Data Curation, Data Cataloging, Data Quality, Data Ingestion, Data Governance
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hosted, On-premises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alteryx, Inc
- Informatica
- IBM
- Tibco Software Inc.
- Microsoft
- SAS Institute
- Datawatch Corporation
- Tableau Software
- Qlik Technologies Inc.
- SAP SE.
- Talend
- Microstrategy Incorporated
Highlights of The Data Prep Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Data Curation
- Data Cataloging
- Data Quality
- Data Ingestion
- Data Governance
- By Application:
- Hosted
- On-premises
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Data Prep Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Data preparation is the process of cleaning and preparing data for analysis. This can include things like removing duplicates, correcting errors, and filling in missing values.
Some of the major companies in the data prep market are Alteryx, Inc, Informatica, IBM, Tibco Software Inc., Microsoft, SAS Institute, Datawatch Corporation, Tableau Software, Qlik Technologies Inc., SAP SE., Talend, Microstrategy Incorporated.
The data prep market is expected to grow at a compound annual growth rate of 13.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Data Prep Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Data Prep Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Data Prep Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Data Prep Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Data Prep Market Size & Forecast, 2020-2028
4.5.1 Data Prep Market Size and Y-o-Y Growth
4.5.2 Data Prep Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Data Curation
5.2.2 Data Cataloging
5.2.3 Data Quality
5.2.4 Data Ingestion
5.2.5 Data Governance
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hosted
6.2.2 On-premises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Data Prep Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Data Prep Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Data Curation
9.6.2 Data Cataloging
9.6.3 Data Quality
9.6.4 Data Ingestion
9.6.5 Data Governance
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hosted
9.10.2 On-premises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Data Curation
10.6.2 Data Cataloging
10.6.3 Data Quality
10.6.4 Data Ingestion
10.6.5 Data Governance
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hosted
10.10.2 On-premises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Data Curation
11.6.2 Data Cataloging
11.6.3 Data Quality
11.6.4 Data Ingestion
11.6.5 Data Governance
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hosted
11.10.2 On-premises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Data Curation
12.6.2 Data Cataloging
12.6.3 Data Quality
12.6.4 Data Ingestion
12.6.5 Data Governance
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hosted
12.10.2 On-premises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Data Curation
13.6.2 Data Cataloging
13.6.3 Data Quality
13.6.4 Data Ingestion
13.6.5 Data Governance
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hosted
13.10.2 On-premises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Data Prep Market: Competitive Dashboard
14.2 Global Data Prep Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alteryx, Inc
14.3.2 Informatica
14.3.3 IBM
14.3.4 Tibco Software Inc.
14.3.5 Microsoft
14.3.6 SAS Institute
14.3.7 Datawatch Corporation
14.3.8 Tableau Software
14.3.9 Qlik Technologies Inc.
14.3.10 SAP SE.
14.3.11 Talend
14.3.12 Microstrategy Incorporated
