Press Release

TMRR recently published a market study on the global Data Prep market that sheds light on the various trends that are playing an imperative role in shaping the growth of the Data Prep market. The report provides a detailed analysis of the Data Prep supply chain, value chain, and business execution across various regional markets. According to the study, the Data Prep market is slated to witness a CAGR growth of ~XX% during the forecast period (2019-2029) and exceed market value of ~US$ XX by the end of 2019.

Furthermore, the report includes the company profiles of some of the most established market players operating in the Data Prep market. The market share, regional presence, pricing strategy, marketing strategy, revenue growth, and product portfolio of each company is provided in the presented market study. The various market players included in the report include, company 1, company 2, company 3, and company 4.

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Important Takeaways from the Data Prep Market Report

  • Analysis of the micro and macro-economic factors likely to impact the dynamics of the Data Prep market
  • Important trends and developments in the Data Prep market
  • The projected growth of each market segment and sub-segment
  • Winning strategies of stakeholders in the Data Prep market
  • Recent innovations, product launches, technological advances

Trends and Opportunities

Data prep tools such as data cataloging, data ingestion, data curation, and data governance are used to create relevant information consistent with high quality standards. The technology also helps in eliminating risks of incorrect data, which could adversely impact the functioning of processes such as data mining and analytics. Data preps enable validation of data obtained from disparate sources, thereby aiding integration of diverse applications. The technology therefore eases the process of preparing relevant data to be used for analytics, besides optimizing to generate relevant information.

The staggering volume of data generated across organizations has boosted the demand for technologies such as data prep, which will help them efficiently process information. Data prep tools are thus gaining traction as the need to analyze such voluminous data becomes a critical operation. Currently, the technology has stirred a buzz in IT and business sides of any organization alike. In order to capitalize on prevailing opportunities data preparation vendors are focusing on innovating software technologies for accelerating the process of business analytics.

Spurred by these factors, the global data prep market will record high growth during the course of the forecast period.

Global Data Prep Market: Regional Outlook

Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa are some of the key regional markets for data prep. Among this, the market is currently witnessing lucrative opportunities in North America. The rapid growth of the IT industry in the region has significantly aided the expansion of the data prep market in North America. The region is also at the fore of adopting the latest in technology, which has given impetus to the data prep market herein. Besides this the market is also expected to gain robust opportunities across emerging nations due to the rapid proliferation of IoT and other smart devices.

Global Data Prep Market: Vendor Landscape

Microsoft Corporation, TIBCO Software, IBM Corporation, Alteryx, Inc., Datawatch Corporation, SAP SE, SAS Institute, Informatica, and Talend are some of the leading companies operating in the global data prep market. Marketing strategies adopted by these companies and increased funding on research and development will have a positive influence in the overall market as well.

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The report aims to clarify some key doubts pertaining to the Data Prep market such as:

  1. What is the estimated revenue growth of the Data Prep market through the forecast period?
  2. Which region is expected to generate the highest revenue during the assessment period?
  3. What are the leading market players operating in the Data Prep market?
  4. What are the most suitable marketing and promotional channels for market players in the Data Prep market?
  5. What are the factors that are likely to hinder the growth of the Data Prep market in the upcoming years?

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This post was originally published on Crypto Coin Guardian