Data Prep Market Emerging Trends, Technological Analysis and Current Scenario till 2025

Data Prep Market Emerging Trends,
Technological Analysis and Current Scenario till
2025
“The market forces inspiring growth of data prep market include timely rendering of crucial data critical to
business applications, strict adherence to a regulatory framework and policy guidelines, benefits of business
going mainstream, and predictive analysis that predicts business outcome via data mining and additional
tools.”
Data mining applications uncover hidden pattern and relations residing in data clusters giving rise to timely data
critical to business applications and are any organization’s asset with cognizance to end-user data in being the
bedrock of data prep market. The market forces inspiring growth of data prep market include timely rendering of
crucial data critical to business applications, strict adherence to a regulatory framework and policy guidelines,
benefits of business going mainstream, and predictive analysis that predicts business outcome via data mining and
additional tools.
Segmentation by platform comprises self-service data prep and data integration. Segmentation by tool includes data
curation, data ingestion, data cataloguing, data governance and data quality. Segmentation by deployment comprises
hosted and on-premises. By industry vertical, it comprises BFSI, government, healthcare, manufacturing, energy and
utility, transportation, telecommunication and IT, and others. By region it manifests itself into North America, Europe,
Asia Pacific, MEA, and Latin America.
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Self-service data analytics is growing at a feverish pace by presenting unambiguous client-based data and
computational tools to help faster decision-making and increased organizational efficiency in order to retain the
competitive edge. The forecast period will be a spectator to an enriching self-service data analytics platform by data
prep market. The data prep market by quality is expected to witness boom in the market; thanks to timely
availability of user-specific data with importance attached to storing, retrieval, and utilization of data; and with
market progress; As such, all the organizations - hotels, restaurants, educational institutions are getting benefited.

North America is expected to hold the largest market share in the data prep market owing to rising prominence
given to cloud computing, investments of large nature in cloud technologies, leverage to emerging technologies,
and large presence of investors in the region. Asia Pacific is still in its nascence but promises growth due to growing
demand for data prep tools and presence of SME’s in the region. Target audience in this field includes service
providers and distributors, data prep application builders, independent software vendors (ISV’s), Analytics
consulting companies, enterprises, and end-users.
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As suggested by the latest news article, B.I once had the comforting presence of static dashboards but now is
witnessing dynamic real-time data analytics with a growing list of contenders such as Tableau, DataWatch.
Incorporating software for natural Language Processing, users interact with data through human language in
providing contextual information. The key industry players include Alteryx, Inc., Informatica, International Business
Corporation, TIBCO Software, Inc., Microsoft Corporation, SAS Institute, Datawatch Corporation, Tableau Software,
Qlik technologies inc., SAP SE, Talend and Microstrategy Incorporated.
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