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Global Data Preparation Market Share, Size, Research: By Platform: Self-Service, Data Integration; By Deployment: On-premises, Cloud; By Function Type: Data Collection, Data Cataloging, Data Quality, Data Governance, Others; By Industry Vertical; Regional Analysis; Competitive Landscape: Industry Events and Developments; 2023-2028

Global Data Preparation Market Outlook

The global data preparation market size stood at a value of around USD 3.76 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 18.20% to reach USD 10.17 billion by 2027.

 

Increasing Adoption of Cloud-Based Data Preparation Software to Augment the Global Data Preparation Industry

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.

 

North America Leads with a Sizable Market Share for Data Preparation

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.

 

Market Segmentation

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:

  • Self-Service
  • Data Integration

 

By deployment, the market has been divided into:

  • On-premises
  • Cloud

 

On the basis of function type, the market has been categorised into:

  • Data Collection
  • Data Cataloguing
  • Data Governance
  • Data Quality
  • Data Curation
  • Data Ingestion

 

The significant industry verticals included in the market are as follows:

  • IT and Telecom
  • Government
  • Retail and E-commerce
  • Energy and Utilities
  • BFSI
  • Healthcare
  • Manufacturing
  • Transportation
  • Others

 

The regional markets for data preparation include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Increasing Demand from Various End Use Industries to Boost the Data Preparation Industry

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.

 

Key Players in the Global Market for Data Preparation

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:

 

  • IBM Corporation
  • Microsoft Corporation
  • QlikTech International AB
  • TIBCO Software Inc.
  • Altair Engineering, Inc.
  • SAS Institute Inc.
  • Informatica Inc.
  • Others

 

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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Platform
  • Deployment
  • Function Type
  • Industry Vertical
  • Region
Breakup by Platform
  • Self-Service
  • Data Integration
Breakup by Deployment
  • On-premises
  • Cloud
Breakup by Function Type
  • Data Collection
  • Data Cataloging
  • Data Quality
  • Data Governance
  • Data Ingestion
  • Data Curation
Breakup by Industry Vertical
  • IT and Telecom
  • Retail and E-commerce
  • BFSI
  • Government
  • Healthcare
  • Energy and Utilities
  • Transportation
  • Manufacturing
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • IBM Corporation
  • Microsoft Corporation
  • QlikTech International AB
  • TIBCO Software Inc.
  • Altair Engineering, Inc.
  • SAS Institute Inc.
  • Informatica Inc.
  • Others

 

*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 (2018-2022) 
    8.3    Global Data Preparation Market Forecast (2023-2028)
    8.4    Global Data Preparation Market by Platform
        8.4.1    Self-Service
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Data Integration
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Data Preparation Market by Deployment
        8.5.1    On-premises
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Cloud
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    8.6    Global Data Preparation Market by Function Type
        8.6.1    Data Collection
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Data Cataloging
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Data Quality
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Data Governance
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Data Ingestion
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022)
            8.6.5.3    Forecast Trend (2023-2028)
        8.6.6    Data Curation
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2018-2022)
            8.6.6.3    Forecast Trend (2023-2028)
    8.7    Global Data Preparation Market by Industry Vertical
        8.7.1    IT and Telecom
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Retail and E-commerce
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    BFSI
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Government
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022)
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Healthcare
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022)
            8.7.5.3    Forecast Trend (2023-2028)
        8.7.6    Energy and Utilities
            8.7.6.1    Market Share
            8.7.6.2    Historical Trend (2018-2022)
            8.7.6.3    Forecast Trend (2023-2028)
        8.7.7    Transportation
            8.7.7.1    Market Share
            8.7.7.2    Historical Trend (2018-2022)
            8.7.7.3    Forecast Trend (2023-2028)
        8.7.8    Manufacturing
            8.7.8.1    Market Share
            8.7.8.2    Historical Trend (2018-2022)
            8.7.8.3    Forecast Trend (2023-2028)
        8.7.9    Others    
    8.8    Global Data Preparation Market by Region
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022) 
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022) 
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022) 
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022) 
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2022) 
            8.8.5.3     Forecast Trend (2023-2028)
9    North America Data Preparation Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Data Preparation Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Data Preparation Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Data Preparation Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Data Preparation Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    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 2028
2.    Global Data Preparation Historical Market: Breakup by Platform (USD Million), 2018-2022
3.    Global Data Preparation Market Forecast: Breakup by Platform (USD Million), 2023-2028
4.    Global Data Preparation Historical Market: Breakup by Deployment (USD Million), 2018-2022
5.    Global Data Preparation Market Forecast: Breakup by Deployment (USD Million), 2023-2028
6.    Global Data Preparation Historical Market: Breakup by Function Type (USD Million), 2018-2022
7.    Global Data Preparation Market Forecast: Breakup by Function Type (USD Million), 2023-2028
8.    Global Data Preparation Historical Market: Breakup by Industry Vertical (USD Million), 2018-2022
9.    Global Data Preparation Market Forecast: Breakup by Industry Vertical (USD Million), 2023-2028
10.    Global Data Preparation Historical Market: Breakup by Region (USD Million), 2018-2022
11.    Global Data Preparation Market Forecast: Breakup by Region (USD Million), 2023-2028
12.    North America Data Preparation Historical Market: Breakup by Country (USD Million), 2018-2022
13.    North America Data Preparation Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Europe Data Preparation Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Europe Data Preparation Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Asia Pacific Data Preparation Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Asia Pacific Data Preparation Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Latin America Data Preparation Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Latin America Data Preparation Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Middle East and Africa Data Preparation Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Middle East and Africa Data Preparation Market Forecast: Breakup by Country (USD Million), 2023-2028
22.    Global Data Preparation Market Structure.

Key Questions Answered in the Report

In 2021, the global market for data preparation attained a value of nearly USD 3.76 billion.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 10.17 billion by 2027.

The global market is estimated to grow at a CAGR of 18.20% between 2023 and 2028.

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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We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

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We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

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