PUBLISHER: The Business Research Company | PRODUCT CODE: 1465723
PUBLISHER: The Business Research Company | PRODUCT CODE: 1465723
Data pipeline tools are software applications or platforms designed to automate the process of ingesting, processing, transforming, and analyzing data from various sources. These tools streamline the flow of data through a series of steps or stages, enabling organizations to efficiently manage their data workflows.
The primary components of data pipeline tools are tools and services. Tools typically encompass software solutions, platforms, or frameworks created to facilitate the creation, management, and optimization of data pipelines. These tools can be deployed on-premise or in the cloud, catering to organizations of various sizes, including large enterprises and small and medium-sized enterprises (SMEs). Data pipeline tools find application in diverse scenarios, such as real-time analytics, sales and marketing data management, customer 360 and customer relationship management, predictive maintenance, customer experience management, data migration, data traffic management, and others. Industries such as banking, financial services, and insurance, retail and e-commerce, information technology and telecom, healthcare, transportation and logistics, manufacturing, among others, utilize data pipeline tools for efficient data processing.
The data pipeline tools market research report is one of a series of new reports from The Business Research Company that provides data pipeline tools market statistics, including data pipeline tools industry global market size, regional shares, competitors with a data pipeline tools market share, detailed data pipeline tools market segments, market trends and opportunities, and any further data you may need to thrive in the data pipeline tools industry. This data pipeline tools market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The data pipeline tools market size has grown exponentially in recent years. It will grow from $9.22 billion in 2023 to $11.24 billion in 2024 at a compound annual growth rate (CAGR) of 21.8%. The growth observed in the historic period can be attributed to several key factors. These include the need for agility to meet peaks in demand, a growing demand for data protection facilities, an increased demand for tools in the data pipeline segment, and the imperative to reduce data latency and enhance data quality.
The data pipeline tools market size is expected to see exponential growth in the next few years. It will grow to $24.38 billion in 2028 at a compound annual growth rate (CAGR) of 21.4%. The anticipated growth in the forecast period can be attributed to several key factors. These include the accelerated adoption of tools for machine learning, a surge in the adoption of machine learning and data analytics tools, a growing demand for data-driven insights providing opportunities, and the increasing prominence of cloud computing. Major trends expected during this period encompass a focus on minimizing data downtime, real-time data processing capabilities, integration of artificial intelligence (AI) and machine learning, containerization of data pipeline processes, and the adoption of event-driven architectures.
The increasing adoption of cloud computing is poised to drive the growth of the data pipeline tools market in the foreseeable future. Cloud computing, characterized by the delivery of computing services over the internet, offers on-demand access to a plethora of resources including storage, servers, databases, networking, and software. Its surging popularity stems from its ability to deliver a cost-effective, flexible, and innovative solution, effectively catering to the evolving needs of users and businesses. Within cloud computing environments, data pipeline tools play a pivotal role in integrating data from diverse sources, transforming it for analysis, and enhancing the reliability of data analytics by eliminating data silos. As per reports from the AAG IT Support Service in September 2022, a global study involving 753 technical and business professionals revealed a notable uptick in the usage of cloud services, with 63% of respondents indicating heavy usage. This represents an increase from 59% in 2021 and 53% in 2020, underscoring the accelerating adoption of cloud computing and its consequent impact on the data pipeline tools market.
Key players in the data pipeline tools market are channeling their efforts towards the development of innovative technologies aimed at enhancing the efficiency of data pipeline creation. Noteworthy among these advancements is SnapGPT, a generative AI tool designed to streamline the development of data pipelines. This AI-powered tool, developed by SnapLogic, a US-based software company, offers a faster and more intuitive approach to integration tasks. SnapGPT harnesses generative AI capabilities to create new and original content across various formats including audio, code, images, text, simulations, and videos. Equipped with features such as text recognition, image recognition, speech-to-text, pipeline generation, and fast integration prototyping, SnapGPT empowers users to generate accurate and effective queries and transform data seamlessly from one format to another. By combining AI-driven capabilities with user-friendly functionalities, SnapGPT serves as a powerful tool for data integration, facilitating the creation of data pipelines and workflows with enhanced efficiency and efficacy.
In June 2023, Bigeye, a leading data observability platform headquartered in the US, finalized the acquisition of Data Advantage Group for an undisclosed sum. With this strategic move, Bigeye intends to offer customers a holistic perspective of their data pipelines, essential for upholding data quality and enabling data-driven decision-making. Data Advantage Group, a US-based software company, specializes in delivering solutions for data governance and enterprise metadata management.
Major companies operating in the data pipeline tools market are Google LLC, Microsoft Corporation, Amazon Web Services Inc., International Business Machines Corporation, Oracle Corporation, SAP SE, Charles River Laboratories (CRL), Hitachi Vantara LLC, Informatica LLC, Databricks Inc., Snowflake Inc., Software AG, Tibco Software Inc., Alteryx Inc., Qlik Technologies Inc., Confluent Inc., Confluent Inc., Talend Inc., Denodo Technologies, Actian Corporation, Fivetran Inc., SnapLogic Inc., Hevodata Inc., Adeptia Inc., K2View Ltd.
North America was the largest region in the data pipeline tools market in 2023. The regions covered in the data pipeline tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the data pipeline tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The data pipeline tools market consists of revenues earned by entities by providing services such as data monitoring and management, scalability and performance optimization, security and compliance, real-time data processing, workflow automation, and cost optimization. The market value includes the value of related goods sold by the service provider or included within the service offering. The data pipeline tools market also includes sales of source connectors, transformation engines, workflow schedulers, data quality checks, destination connectors, and security and access control. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Data Pipeline Tools Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on data pipeline tools market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for data pipeline tools ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The data pipeline tools market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.