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Data Preparation Tools Market Worth $8.47 Billion by 2025: Grand View Research, Inc.SAN FRANCISCO, April 25, 2018 /PRNewswire/ -- The global data preparation tools market size is anticipated to reach USD 8.47 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 25.1% over the forecast period. Data preparation tools can help organizations augment their efficiency by ensuring easy access to data. Increasing demand for data analytics, particularly in IT and retail sectors, is expected to drive demand for data preparation tools. (Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg ) The growth of the data preparation tools market can be attributed particularly to capabilities of self-service data preparation tools to ensure easy interchangeability, collaboration, and profiling of data. These tools can also address concerns associated with safety of the data. Demand for self-service data preparation tools will continue to increase as data analytics companies continue to demand efficient solutions to access and analyze large volumes of data. On-premise deployment of data preparation tools accounted for the largest revenue share in 2016 as organizations prefer to adopt conventional data collection and preparation techniques. However, demand for deployment of data preparation tools over the cloud is expected to grow over the forecast period, as cloud deployment can ensure easy access to data via virtual sources. Data preparation tools help enterprises collect, analyze, and standardize data. The data collection segment accounted for the largest market share of more than 28.0% in 2016. However, the data governance segment is expected to expand noticeably over the forecast period. North America accounted for the largest share in the data preparation tools market in 2016. Demand for data preparation tools is expected to increase over the forecast period in line with growing adoption of data preparation tools for data analytics in U.S. However, Asia Pacific is expected to exhibit the highest CAGR over the forecast period. Browse full research report with TOC on "Data Preparation Tools Market Size, Share & Trends Analysis Report By Platform, By Deployment (Cloud, On-premise), By Vertical (IT & Telecom, Retail & E-commerce, BFSI), By Function, And Segment Forecasts, 2018 - 2025" at: http://www.grandviewresearch.com/industry-analysis/data-preparation-tools-market Further Key Findings From the Report Suggest:
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Grand View Research has segmented the global data preparation tools market based on platform, function, deployment, vertical, and region:
Read Our Blog By Grand View Research: https://www.grandviewresearch.com/blogs/technology About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Contact: Web: https://www.grandviewresearch.com |