[August 16, 2018]

Global Data Preparation Market to Grow at a CAGR of 22.7% during 2018-2023: Cloud to Exhibit the Highest Growth - ResearchAndMarkets.com

The "The Global Data Preparation Market (2018-2023) - Segmented by Deployment Type, Enterprise Size, End-User Vertical, and Region" report has been added to ResearchAndMarkets.com's offering.

Data Preparation Market has been valued at USD 1.78 billion in 2017 and is expected to grow at a CAGR of 22.7% during the forecast period (2018-2023), to reach USD 6.06 billion by 2023.

The companies are demanding fast debugging time to generate meaningful insights than ever to sustain in the market owing to digital disruption. As a result, the requirement for analytics, particularly data analytics is becoming pervasive across various size of organizations.

Data analytics professionals and companies are finding difficulties in driving insights owing to rising complexities in the procurement of data. The data collected are usually unstructured or semi-structured which requires being in the uniform format leading to maximum yield and efficiency.

In response to this problem, companies are devoting more or maxium time in data preparation to generate and have clean data to perform analytics. According to Oracle (News - Alert), it is estimated that approximately 90% of the time is invested for data preparation in the chain of data analytics.

Key Highlights

• Rising Complexity of Data Structures
• Cloud to Exhibit the Highest Growth
• Asia Pacific to Witness the Highest Growth

Notable Developments in Data Preparation Market

• January 2018 - IBM (News - Alert) launched platform approach to data science offering such as hybrid data management, unified integration & governance platform, and data science & business analytics platform which will comprise data cleaning as a crucial step thereby widening the consumer base.

Key Topics Covered

1. Introduction

2. Data Preparation Market Research Approach and Methodology

3. Executive Summary

4. Data Preparation Market Dynamics

5. Data Preparation Market Segmentation

6. Competitive Intelligence - Company Profiles

• Microsoft (News - Alert) Corporation
• Tableau Software Inc.
• Qlik Technologies Inc.
• SAP SE
• Informatica
• IBM Corporation
• SAS (News - Alert) Institute
• Alteryx Inc.
• Rapid Insight
• Lavastorm Analytics Inc.
• ClearStory Data Inc.
• Cambridge Semantics Inc.
• Talend Inc.

7. Investment Analysis

8. Opportunities in the Global Data Prep Market

For more information about this report visit https://www.researchandmarkets.com/research/4xwfx3/global_data?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180816005617/en/

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