The global Data Preparation Tools market accounted for US $3.1 Bn in 2020 with a considerable CAGR of 20% during the forecast period of 2021 to 2028.
Data preparation tools are software that perform the process of cleaning, structuring, and enriching raw data into the desired output for analysis. Data preparation tools allow data scientists and business analysts to bypass data warehouses so that it performs some data integration and data preparation themselves before data analysis. These emerging tools use IT and Telecom so that they can iterate and learn where to find insights in data sets without being explicitly programmed to do so. Features of data preparation tools are observed within prominent tools, such as data analytics, BI tools, integration platforms, and wide-ranging IT and Telecom platforms. Moreover, these tools enable data conversion, analysis, exploration, modeling, curation, structuring, and cataloging in a single offering.
Market Dynamics
The rising number of daily data across numerous verticals and the growing demand for data analytic tools are the primary factors driving the growth of the global data preparation tools market. The swift implementation of cloud technologies and automation across businesses and enterprises resulted in tremendous cloud traffic and data generation. For instance, the total amount of data created, captured, and consumed globally was 64.2 zettabytes in 2020 and is likely to reach 180 zettabytes by 2025. This substantial increase in the volume of data has resulted in the rapid adoption of data and data analytics.
Besides, increasing application of self-service data preparation tools to ensure easy interchangeability, association, and profiling of data also drives the global data preparation tools market growth. In addition, rising trend of data preparation tools in enterprises to adopt advanced analytics and business intelligence (BI) is also a boosting factor for the industry. Moreover, companies adopting cloud-based models, and rising use of data preparation tools in BI is likely to generate numerous growth opportunities in the given forecast period.
Report coverage
| Market |
Data Preparation Tools Market |
| Analysis Period |
2017 - 2028 |
| Base Year |
2020 |
| Forecast Data |
2021 - 2028 |
| Segments Covered |
By Platform, By Function, By Vertical, and By Geography |
| Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled |
Alteryx, Inc., Datawatch Corporation, Informatica Corporation, IBM Corporation, Microsoft Corporation, MicroStrategy Incorporated, Qlik Technologies Inc., SAP SE, SAS Institute Inc., Tableau Data Integration, Inc., Talend, and Tibco Data Integration Inc. among others.
|
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
| Customization Scope |
10 hrs of free customization and expert consultation
|
The growing significance of on-time qualified data
A growing amount of unstructured data has been a foremost issue among several industries. Therefore, organizations are on the hunt for tools that can organize data in a suitable format. Data preparation tools are being among those. These tools assist organizations with timely qualified data that can easily deduce latent information from functional data exchange in stipulated amount of time. On-time qualified data is not only instrumental in making effective business decisions but also helps in aligning company’s strategic initiatives. Further, the delivery of on-time data can help organizations in making accurate qualified decisions while establishing association rules and co-relations between numerous variables.
Market Segmentation
The global data preparation tools market is segmented based on platform, function, deployment, vertical, and region. Based on the platforms segment, the market bifurcates into self-service and data integration. Among platforms, self-service acquired a maximum chunk in 2020. This is because self-service platforms are considered an efficient solution to access and analyze large volumes of data. Furthermore, self-service data preparation platforms are having high demand among data-driven IT companies.
By function, the segmentation classifies as data collection, data quality, data cataloging, data governance, data ingestion, and data curation. Among them, data collection conquered the largest chunk of share in 2020. The high growth in the segment is credited to its ability to offer access to data from multiple sources. Meanwhile, data cataloging is expected to witness the fastest growth during the review period of 2021 to 2028. Continuous roll-out of IoT devices that release large volumes of data has demanded the need for efficient data cataloging. This factor has driven the demand for data cataloging and is likely to continue to propel segmental growth in the coming future.
Based on the deployment model, the segment is bifurcated into cloud-based and on-premise. Among them, the on-premise deployment model accounted for the majority of the share in 2020, owing to the companies’ preference for conventional data collection and preparation techniques. However, the cloud-based deployment model is anticipated to witness the highest growth as it offers easy access to data via virtual sources. Moreover, leading companies focusing on cloud-based services and partnering with leading IT giants to expand their business worldwide also contributes to the growing cloud-based segment. For instance, in June 2021, Talend announced partnership with Snowflake to offer a rapid way for users to verify their quality of data inside Data Cloud.
Moreover, the vertical segment is further sub-segmented into IT and telecom, retail and e-commerce, BFSI, government, energy and utilities, healthcare, transportation, manufacturing, and other verticals. Among the vertical segment, IT & telecom led the market with the utmost share in 2020 and is expected to register significant growth during the forecast timeframe.
Regional Overview
North America region is expected to lead global Data Preparation Tools market during the projected period of 2021 to 2028
Among all the regions, North America generated the highest revenues in 2020. This is attributed to the high capital investment in cloud-based solutions and significant growth in data through IoT and other connected devices in the region. Besides, the presence of well-established market players and early adoption of emerging technologies are some factors that are also contributing towards the dominant growth of the North American market. Meanwhile, the Asia-Pacific data preparation tools market is anticipated to witness the fastest CAGR throughout the forecast period. The market for APAC is growing because of the increasing consumer base in countries such as China and India, due to its high population ratio. Moreover, the rising number of SMEs in the data preparation tools industry is also likely to surge the growth of APAC market.
Competitive Landscape
This section of the report pinpoints various key vendors of the market. Some of the key players offered in the report include Alteryx, Inc., Datawatch Corporation, Informatica Corporation, IBM Corporation, Microsoft Corporation, MicroStrategy Incorporated, Qlik Technologies Inc., SAP SE, SAS Institute Inc., Tableau Data Integration, Inc., Talend, and Tibco Data Integration Inc. among others.
Market Segmentation
Market By Platform
- Self-Service
- Data Integration
Market By Deployment
Market By Function
- Data Collection
- Data Quality
- Data Cataloging
- Data Governance
- Data Ingestion
- Data Curation
Market By Vertical
- IT and Telecom
- Retail and E-commerce
- BFSI
- Government
- Energy and Utilities
- Healthcare
- Transportation
- Manufacturing
- Others
Market By Geography
- North America
- Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Data Preparation Tools
1.1. Definition and Scope
1.1.1. Definition of Data Preparation Tools
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Data Preparation Tools market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Data Preparation Tools By Platform
1.2.3. Data Preparation Tools By Function
1.2.4. Data Preparation Tools By Deployment Model
1.2.5. Data Preparation Tools by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Data Preparation Tools Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Data Preparation Tools Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Regulatory Compliance
3.9. Competitive Landscape, 2020
3.9.1. Player Positioning Analysis
3.9.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Data Preparation Tools By Platform
4.1. Introduction
4.2. Data Preparation Tools Revenue By Platform
4.2.1. Data Preparation Tools Revenue (US$ Bn) and Forecast, By Platform, 2017-2028
4.2.2. Self-Service
4.2.2.1. Self-Service Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
4.2.3. Data Integration
4.2.3.1. Data Integration Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
CHAPTER 5. Data Preparation Tools By Deployment Model
5.1. Introduction
5.2. Data Preparation Tools Revenue By Deployment Model
5.2.1. Data Preparation Tools Revenue (US$ Bn) and Forecast, By Deployment Model, 2017-2028
5.2.2. Cloud-Based
5.2.2.1. Cloud-Based Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
5.2.3. On-Premise
5.2.3.1. On-Premise Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
CHAPTER 6. Data Preparation Tools Market Revenue By Function
6.1. Introduction
6.2. Data Preparation Tools Revenue (US$ Bn) By Function
6.2.1. Data Preparation Tools Revenue (US$ Bn) and Forecast By Function, 2017-2028
6.2.2. Data Collection
6.2.2.1. Data Collection Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
6.2.3. Data Quality
6.2.3.1. Data Quality Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
6.2.4. Data Cataloging
6.2.4.1. Data Cataloging Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
6.2.5. Data Governance
6.2.5.1. Data Governance Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
6.2.6. Data Ingestion
6.2.6.1. Data Ingestion Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
6.2.7. Data Curation
6.2.7.1. Data Curation Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
CHAPTER 7. Data Preparation Tools Market By Vertical
7.1. Introduction
7.2. Data Preparation Tools Revenue (US$ Bn) By Vertical
7.2.1. Data Preparation Tools Revenue (US$ Bn) and Forecast By Vertical, 2017-2028
7.2.2. IT and Telecom
7.2.2.1. IT and Telecom Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
7.2.3. Retail and E-commerce
7.2.3.1. Retail and E-commerce Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
7.2.4. BFSI
7.2.4.1. BFSI Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
7.2.5. Government
7.2.5.1. Government Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
7.2.6. Energy & Utilities
7.2.6.1. Energy & Utilities Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
7.2.7. Healthcare
7.2.7.1. Healthcare Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
7.2.8. Transportation
7.2.8.1. Transportation Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
7.2.9. Manufacturing
7.2.9.1. Manufacturing Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
7.2.10. Others
7.2.10.1. Others Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
CHAPTER 8. North America Data Preparation Tools Market By Country
8.1. North America Data Preparation Tools Overview
8.2. U.S.
8.2.1. U.S. Data Preparation Tools Revenue (US$ Bn) and Forecast By Platform, 2017-2028
8.2.2. U.S. Data Preparation Tools Revenue (US$ Bn) and Forecast By Deployment Model, 2017-2028
8.2.3. U.S. Data Preparation Tools Revenue (US$ Bn) and Forecast By Function, 2017-2028
8.2.4. U.S. Data Preparation Tools Revenue (US$ Bn) and Forecast By Vertical, 2017-2028
8.3. Canada
8.3.1. Canada Data Preparation Tools Revenue (US$ Bn) and Forecast By Platform, 2017-2028
8.3.2. Canada Data Preparation Tools Revenue (US$ Bn) and Forecast By Deployment Model, 2017-2028
8.3.3. Canada Data Preparation Tools Revenue (US$ Bn) and Forecast By Function, 2017-2028
8.3.4. Canada Data Preparation Tools Revenue (US$ Bn) and Forecast By Vertical, 2017-2028
8.4. North America PEST Analysis
CHAPTER 9. Europe Data Preparation Tools Market By Country
9.1. Europe Data Preparation Tools Overview
9.2. U.K.
9.2.1. U.K. Data Preparation Tools Revenue (US$ Bn) and Forecast By Platform, 2017-2028
9.2.2. U.K. Data Preparation Tools Revenue (US$ Bn) and Forecast By Deployment Model, 2017-2028
9.2.3. U.K. Data Preparation Tools Revenue (US$ Bn) and Forecast By Function, 2017-2028
9.2.4. U.K. Data Preparation Tools Revenue (US$ Bn) and Forecast By Vertical, 2017-2028
9.3. Germany
9.3.1. Germany Data Preparation Tools Revenue (US$ Bn) and Forecast By Platform, 2017-2028
9.3.2. Germany Data Preparation Tools Revenue (US$ Bn) and Forecast By Deployment Model, 2017-2028
9.3.3. Germany Data Preparation Tools Revenue (US$ Bn) and Forecast By Function, 2017-2028
9.3.4. Germany Data Preparation Tools Revenue (US$ Bn) and Forecast By Vertical, 2017-2028
9.4. France
9.4.1. France Data Preparation Tools Revenue (US$ Bn) and Forecast By Platform, 2017-2028
9.4.2. France Data Preparation Tools Revenue (US$ Bn) and Forecast By Deployment Model, 2017-2028
9.4.3. France Data Preparation Tools Revenue (US$ Bn) and Forecast By Function, 2017-2028
9.4.4. France Data Preparation Tools Revenue (US$ Bn) and Forecast By Vertical, 2017-2028
9.5. Spain
9.5.1. Spain Data Preparation Tools Revenue (US$ Bn) and Forecast By Platform, 2017-2028
9.5.2. Spain Data Preparation Tools Revenue (US$ Bn) and Forecast By Deployment Model, 2017-2028
9.5.3. Spain Data Preparation Tools Revenue (US$ Bn) and Forecast By Function, 2017-2028
9.5.4. Spain Data Preparation Tools Revenue (US$ Bn) and Forecast By Vertical, 2017-2028
9.6. Rest of Europe
9.6.1. Rest of Europe Data Preparation Tools Revenue (US$ Bn) and Forecast By Platform, 2017-2028
9.6.2. Rest of Europe Data Preparation Tools Revenue (US$ Bn) and Forecast By Deployment Model, 2017-2028
9.6.3. Rest of Europe Data Preparation Tools Revenue (US$ Bn) and Forecast By Function, 2017-2028
9.6.4. Rest of Europe Data Preparation Tools Revenue (US$ Bn) and Forecast By Vertical, 2017-2028
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Data Preparation Tools Market By Country
10.1. Asia Pacific Data Preparation Tools Overview
10.2. China
10.2.1. China Data Preparation Tools Revenue (US$ Bn) and Forecast By Platform, 2017-2028
10.2.2. China Data Preparation Tools Revenue (US$ Bn) and Forecast By Deployment Model, 2017-2028
10.2.3. China Data Preparation Tools Revenue (US$ Bn) and Forecast By Function, 2017-2028
10.2.4. China Data Preparation Tools Revenue (US$ Bn) and Forecast By Vertical, 2017-2028
10.3. Japan
10.3.1. Japan Data Preparation Tools Revenue (US$ Bn) and Forecast By Platform, 2017-2028
10.3.2. Japan Data Preparation Tools Revenue (US$ Bn) and Forecast By Deployment Model, 2017-2028
10.3.3. Japan Data Preparation Tools Revenue (US$ Bn) and Forecast By Function, 2017-2028
10.3.4. Japan Data Preparation Tools Revenue (US$ Bn) and Forecast By Vertical, 2017-2028
10.4. India
10.4.1. India Data Preparation Tools Revenue (US$ Bn) and Forecast By Platform, 2017-2028
10.4.2. India Data Preparation Tools Revenue (US$ Bn) and Forecast By Deployment Model, 2017-2028
10.4.3. India Data Preparation Tools Revenue (US$ Bn) and Forecast By Function, 2017-2028
10.4.4. India Data Preparation Tools Revenue (US$ Bn) and Forecast By Vertical, 2017-2028
10.5. Australia
10.5.1. Australia Data Preparation Tools Revenue (US$ Bn) and Forecast By Platform, 2017-2028
10.5.2. Australia Data Preparation Tools Revenue (US$ Bn) and Forecast By Deployment Model, 2017-2028
10.5.3. Australia Data Preparation Tools Revenue (US$ Bn) and Forecast By Function, 2017-2028
10.5.4. Australia Data Preparation Tools Revenue (US$ Bn) and Forecast By Vertical, 2017-2028
10.6. South Korea
10.6.1. South Korea Data Preparation Tools Revenue (US$ Bn) and Forecast By Platform, 2017-2028
10.6.2. South Korea Data Preparation Tools Revenue (US$ Bn) and Forecast By Deployment Model, 2017-2028
10.6.3. South Korea Data Preparation Tools Revenue (US$ Bn) and Forecast By Function, 2017-2028
10.6.4. South Korea Data Preparation Tools Revenue (US$ Bn) and Forecast By Vertical, 2017-2028
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Data Preparation Tools Revenue (US$ Bn) and Forecast By Platform, 2017-2028
10.7.2. Rest of Asia-Pacific Data Preparation Tools Revenue (US$ Bn) and Forecast By Deployment Model, 2017-2028
10.7.3. Rest of Asia-Pacific Data Preparation Tools Revenue (US$ Bn) and Forecast By Function, 2017-2028
10.7.4. Rest of Asia-Pacific Data Preparation Tools Revenue (US$ Bn) and Forecast By Vertical, 2017-2028
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Data Preparation Tools Market By Country
11.1. Latin America Data Preparation Tools Overview
11.2. Brazil
11.2.1. Brazil Data Preparation Tools Revenue (US$ Bn) and Forecast By Platform, 2017-2028
11.2.2. Brazil Data Preparation Tools Revenue (US$ Bn) and Forecast By Deployment Model, 2017-2028
11.2.3. Brazil Data Preparation Tools Revenue (US$ Bn) and Forecast By Function, 2017-2028
11.2.4. Brazil Data Preparation Tools Revenue (US$ Bn) and Forecast By Vertical, 2017-2028
11.3. Mexico
11.3.1. Mexico Data Preparation Tools Revenue (US$ Bn) and Forecast By Platform, 2017-2028
11.3.2. Mexico Data Preparation Tools Revenue (US$ Bn) and Forecast By Deployment Model, 2017-2028
11.3.3. Mexico Data Preparation Tools Revenue (US$ Bn) and Forecast By Function, 2017-2028
11.3.4. Mexico Data Preparation Tools Revenue (US$ Bn) and Forecast By Vertical, 2017-2028
11.4. Rest of Latin America
11.4.1. Rest of Latin America Data Preparation Tools Revenue (US$ Bn) and Forecast By Platform, 2017-2028
11.4.2. Rest of Latin America Data Preparation Tools Revenue (US$ Bn) and Forecast By Deployment Model, 2017-2028
11.4.3. Rest of Latin America Data Preparation Tools Revenue (US$ Bn) and Forecast By Function, 2017-2028
11.4.4. Rest of Latin America Data Preparation Tools Revenue (US$ Bn) and Forecast By Vertical, 2017-2028
11.5. Latin America PEST Analysis
CHAPTER 12. Middle East & Africa Data Preparation Tools Market By Country
12.1. Middle East & Africa Data Preparation Tools Overview
12.2. GCC
12.2.1. GCC Data Preparation Tools Revenue (US$ Bn) and Forecast By Platform, 2017-2028
12.2.2. GCC Data Preparation Tools Revenue (US$ Bn) and Forecast By Deployment Model, 2017-2028
12.2.3. GCC Data Preparation Tools Revenue (US$ Bn) and Forecast By Function, 2017-2028
12.2.4. GCC Data Preparation Tools Revenue (US$ Bn) and Forecast By Vertical, 2017-2028
12.3. South Africa
12.3.1. South Africa Data Preparation Tools Revenue (US$ Bn) and Forecast By Platform, 2017-2028
12.3.2. South Africa Data Preparation Tools Revenue (US$ Bn) and Forecast By Deployment Model, 2017-2028
12.3.3. South Africa Data Preparation Tools Revenue (US$ Bn) and Forecast By Function, 2017-2028
12.3.4. South Africa Data Preparation Tools Revenue (US$ Bn) and Forecast By Vertical, 2017-2028
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Data Preparation Tools Revenue (US$ Bn) and Forecast By Platform, 2017-2028
12.4.2. Rest of Middle East & Africa Data Preparation Tools Revenue (US$ Bn) and Forecast By Deployment Model, 2017-2028
12.4.3. Rest of Middle East & Africa Data Preparation Tools Revenue (US$ Bn) and Forecast By Function, 2017-2028
12.4.4. Rest of Middle East & Africa Data Preparation Tools Revenue (US$ Bn) and Forecast By Vertical, 2017-2028
12.5. Middle East & Africa PEST Analysis
CHAPTER 13. Player Analysis Of Data Preparation Tools
13.1. Data Preparation Tools Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Data Preparation Tools market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. COMPANY PROFILE
14.1. Alteryx, Inc.
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Bn), 2020
14.1.3.2. Alteryx, Inc.2019 Data Preparation Tools Business Regional Distribution
14.1.4. Product/Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. Datawatch Corporation
14.3. Informatica Corporation
14.4. International Business Machines Corporation
14.5. Microsoft Corporation
14.6. MicroStrategy Incorporated
14.7. Qlik Technologies Inc.
14.8. SAP SE
14.9. SAS Institute Inc.
14.10. Tableau Software, Inc.
14.11. Talend
14.12. Tibco Software Inc.
