What is the global market size of Data Preparation Tools Market?

Global Data Preparation Tools Market size was valued at USD 3.91 billion in 2021 and is poised to grow from USD 4.63 billion in 2022 to USD 15.62 billion by 2030, growing at a CAGR of 18.6% in the forecast period (2023-2030).

Who are the key vendors in the Global Data Preparation Tools Market?

Global data preparation tools market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Alteryx, Inc.', 'IBM Corporation', 'Informatica LLC', 'Microsoft Corporation', 'Oracle Corporation', 'SAP SE', 'Talend, Inc.', 'TIBCO Software Inc.', 'Datawatch Corporation', 'Tableau Software, Inc.', 'Paxata, Inc.', 'Trifacta, Inc.', 'Alation Inc.', 'Tamr Inc.', 'Unifi Software, Inc.', 'RapidMiner, Inc.', 'Zaloni, Inc.', 'Talend, Inc.', 'DataRobot, Inc.', 'Hitachi Vantara LLC', 'In April 2022, Bharat Petroleum Corporation Ltd. (BPCL) and Microsoft announced a strategic cloud partnership aimed at accelerating the firm’s digital transformation and shaping the future of innovation in the oil and gas industry. The collaboration seeks to unlock the opportunities that Microsoft’s cloud provides to address the unique challenges of the oil and gas sector, enabling BPCL to accelerate the modernization of its tech architecture to enhance customer experience.', 'In Jan 2022, Alteryx Announces Acquisition of Trifacta. With Trifacta, Alteryx accelerates the development of an integrated end-to-end, low code/no code analytics automation platform in the cloud'.

What is the key driver of Global Data Preparation Tools Market?

Unstructured data growth has been a significant challenge for many industries. As a result, businesses are looking for tools that can format data correctly. The ability to extract latent information from functional data exchange in a timely manner and a consistent format without the presence of the original author/owner of the data has been one of the benefits of data preparation tools for businesses. Making wise business decisions and aligning organizational strategic initiatives depend on timely, accurate information. The determination of which data is appropriate and who owns the data is the main concern for various departments within an organization. Establishing association rules and co-relations between various heterogeneous variables, as well as helping businesses make the most critical tactical decisions, can all be aided by timely data delivery.

What is the key market trend for Global Data Preparation Tools Market?

Extensive data generation is resulting telecom and IT companies across the globe are creating a data gold mine. These businesses are driving the adoption of data analytics due to a lack of efficient methods for analysing both structured and unstructured data to gain deeper insights into customer behaviour and the increasing demand for real-time analysis of customer preferences and service usage patterns.

Which region accounted for the largest share in Global Data Preparation Tools Market?

North America is expected to control the data preparation tools market share. More than 31.76% revenue in 2021 came from North America. The increasing use of mobile computing platforms and artificial intelligence in digital shopping and e-commerce is responsible for this high share. It generates a lot of data for annotating. The Europe sub-segment, however, is quickly catching up as a result of increased investments in data analytics in regional European markets, particularly in the U.K. Cloud-based solutions are now being rolled out in Europe by a number of data preparation and analytics firms. Due to the growing popularity of the retail and e-commerce sectors in emerging countries like China and India in the Asia Pacific region, data analytics is in high demand. According to estimates, these factors will accelerate market expansion in the Asia Pacific region.

Top Data Preparation Tools Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Data Preparation Tools Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Data Preparation Tools industry players.

Data Preparation Tools Market Competitive Landscape

Global data preparation tools market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.

Top Players in the Global Data Preparation Tools Market

Alteryx, Inc.
IBM Corporation
Informatica LLC
Microsoft Corporation
Oracle Corporation
SAP SE
Talend, Inc.
TIBCO Software Inc.
Datawatch Corporation
Tableau Software, Inc.
Paxata, Inc.
Trifacta, Inc.
Alation Inc.
Tamr Inc.
Unifi Software, Inc.
RapidMiner, Inc.
Zaloni, Inc.
Talend, Inc.
DataRobot, Inc.
Hitachi Vantara LLC

Data Preparation Tools Market Recent Developments

In April 2022, Bharat Petroleum Corporation Ltd. (BPCL) and Microsoft announced a strategic cloud partnership aimed at accelerating the firm’s digital transformation and shaping the future of innovation in the oil and gas industry. The collaboration seeks to unlock the opportunities that Microsoft’s cloud provides to address the unique challenges of the oil and gas sector, enabling BPCL to accelerate the modernization of its tech architecture to enhance customer experience.
In Jan 2022, Alteryx Announces Acquisition of Trifacta. With Trifacta, Alteryx accelerates the development of an integrated end-to-end, low code/no code analytics automation platform in the cloud

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Data Preparation Tools Market size was valued at USD 6.61 Billion in 2024 and is poised to grow from USD 7.68 Billion in 2025 to USD 25.54 Billion by 2033, growing at a CAGR of 16.2% during the forecast period (2026–2033).

Data preparation tool providers should focus on creating tools that can be easily integrated with any system to boost revenue generation potential in the future. Data preparation tool companies can also collaborate and partner with automation and artificial intelligence providers to maximize their business scope and develop application specific solutions. Big data and data analytics companies are also slated to create new opportunities for data preparation tools companies going forward. 'Informatica Corporation (US) ', 'International Business Machines Corporation (IBM) (US) ', 'Microsoft Corporation (US) ', 'MicroStrategy Incorporated (US) ', 'SAP SE (Germany) ', 'SAS Institute Inc. (US) ', 'Oracle Corporation (US) ', 'DataRobot, Inc. (US) ', 'Denodo Technologies (Spain) ', 'Hitachi Vantara Corporation (US) ', 'Altair Engineering Inc. (US) ', 'Datameer, Inc. (US) ', 'RedPoint Global Inc. (US) ', 'Sisense Inc. (US) ', 'Teradata Corporation (US) ', 'Collibra NV (Belgium) ', 'Ataccama Corporation (Canada) ', 'Tamr Inc. (US)'

Use of Augmented Data preparation tools: Data preparation tool providers can leverage artificial intelligence and machine learning to create augmented data preparation solutions. These augmented solutions can help businesses automate data cleaning, transformation, and enrichment processes. Focusing on this data preparation tools market trend can help data preparation tool providers stay relevant in the long run.

North America is predicted to dominate the global data preparation tools market forecast over the coming years. Rapid adoption of advanced technologies, presence of a developed IT infrastructure, and growing demand for data analytics are helping this region hold sway over others. Surge in adoption of data-driven decision-making in organizations of this region is also expected to help boost the demand for data preparation tools in this region through 2032. The United States and Canada are the leading countries for data preparation tool providers looking to make a mark in the North American region. Rapidly increasing use of artificial intelligence is also expected to help bolster the adoption of data preparation tools going forward.

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Data Preparation Tools Market

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Top Data Preparation Tools Companies

Data Preparation Tools Market Competitive Landscape

FAQs

What is the global market size of Data Preparation Tools Market?

Who are the key vendors in the Data Preparation Tools Market?

What is the key driver of Data Preparation Tools Market?

What is the key market trend for Data Preparation Tools Market?

Which region accounted for the largest share in Data Preparation Tools Market?

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