Data Prep Market - Global Forecast to 2021 Data prep market

Data Prep Market
- Global Forecast to 2021

Data Prep Market worth 3.93 Billion USD by 2021 – New Report by MarketsandMarkets
According to a new market research report "Data Prep Market by Platform (Self-Service Data Prep, Data
Integration), Tool (Data Curation, Data Cataloguing, Data Quality, Data Ingestion, Data Governance),
Deployment, Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the 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% during the forecast period.
Browse 47 market data tables and 51 figures spread through 130 pages and in-depth TOC on “Data Prep Market
- Global Forecast to 2021”
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The key forces driving the Data Prep Market include increasing importance of on-time qualified data, rising need to
adhering to regulatory and compliance requirements, benefits of streamlined business operations, and the use of
data prep tools in predictive analytics.
Some of the major technology vendors include
Alteryx, Inc. (U.S.)

Informatica (U.S.)

TIBCO Software, Inc. (U.S.)

Talend (U.S.)

Microsoft Corporation (U.S.)

SAS Institute (U.S.)

Datawatch Corporation (U.S.)

Tableau Software, Inc. (U.S.)

Qlik Technologies Inc. (U.S.)

SAP SE (U.S.)

Self-service data prep platform is expected to grow at the highest rate during the forecast period
Among the platforms, the self-service data prep segment is expected to grow at a fast pace during the forecast
period. The demand for self-service data prep platform is increasing among enterprises as it helps canvas the
existing data into user-centric formats, which then help in efficient data analysis, faster decision making, optimized
internal business processes, increased operational efficiency, and a competitive advantage in the market.
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Data quality segment is expected to contribute the largest market share in 2016
Among tools, the data quality segment is expected to hold the largest market share in the Data Prep Market in
2016. Data quality tools ensure that the data fits a particular user- specific task and is accurate & timely. Data
quality is affected by the way data is entered, stored, and managed, and organizations are making use of the data
quality tools to maintain consistency and improve decision making. Educational institutions, malls, retail shops,
commercial buildings, hotels, and restaurants are increasingly deploying data prep to make important decisions
about asset management and resource allocation. The hosted deployment of data prep has been in demand for
sectors such as educational institutions, retail outlets, and hospitality sector, thereby contributing to the growth of
the Data Prep Market.