San Francisco, California, April 17, 2018: The staggering rise in nonstandard data from a variety of sources and the rising popularity of enterprise big data, are notable trends driving the evolution of data preparation market. The extensive adoption of robust data mining and analytics processes among organizations to make sense of the massive volumes of data is also driving the market. A new report penned by TMR Research, titled, “Data Prep Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025”, offers incisive assessment of all key trends and factors shaping the market dynamics and emerging landscape.
The demand for data prep processes is riding on the back of their application in analyzing the metadata of data collected from several sources to assist in business analytics and decision making. A growing number of companies in various parts of the globe are increasingly focusing on leveraging the potential of big data for gaining actionable insights. This is making a robust groundwork for data prep processes adoption across enterprises.
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The adoption of data prep technologies among IT executives has also been fueled by rising industry efforts to integrate and validate massive data sets from disparate sources. The need for eliminating risks of incorrect data is also bolstering the demand for data prep tools and processes. Furthermore, the advent of cutting-edge business analytics solutions will catalyze the demand.
Regionally, North America is expected to be a potentially lucrative avenues and is expected to rise at a substantial pace over the forecast period. The proliferation of data from connected devices and the vast stride being made by internet of things (IoT) technology market are striking factors supporting the vast demand for data prep in the region.
Some of the key players expected to exert prominent influence in the growth of the data prep market are Talend, Informatica, SAP SE, Datawatch Corporation, Alteryx, Inc., IBM, TIBCO Software, and Microsoft Corporation.