PUBLISHER: The Business Research Company | PRODUCT CODE: 1686009
PUBLISHER: The Business Research Company | PRODUCT CODE: 1686009
Data preparation tools are software solutions engineered to streamline the collection, cleansing, and transformation of raw data into a usable format for analysis and reporting. By automating manual tasks and improving data quality, these tools empower organizations to extract valuable insights efficiently.
Data preparation tools primarily operate on self-service and data integration platforms. Self-service platforms empower users to independently cleanse, transform, and analyze data without extensive technical knowledge. These tools are deployed both on-premises and in the cloud, offering functionalities such as data collection, cataloging, quality assessment, governance, ingestion, and curation. They cater to various verticals including IT, telecom, retail, BFSI, government, healthcare, energy, transportation, manufacturing, and more.
The data preparation tools research report is one of a series of new reports from The Business Research Company that provides data preparation tools market statistics, including the data preparation tools industry's global market size, regional shares, competitors with a data preparation tools market share, detailed data preparation tools market segments, market trends, and opportunities, and any further data you may need to thrive in the data preparation tools industry. This data preparation 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 preparation tools market size has grown exponentially in recent years. It will grow from $7.79 billion in 2024 to $9.59 billion in 2025 at a compound annual growth rate (CAGR) of 23.2%. The growth in the historic period can be attributed to the increasing complexity of data formats and sources driving tool sophistication, growth of data preparation as a service (DPaaS) offerings, use of data virtualization technology in preparation processes, development of industry-specific data preparation solutions, adoption of federated learning approaches for distributed data preparation tasks.
The data preparation tools market size is expected to see exponential growth in the next few years. It will grow to $21.84 billion in 2029 at a compound annual growth rate (CAGR) of 22.8%. The growth in the forecast period can be attributed to adoption of edge AI for on-device data preparation tasks, increasing adoption of AI and machine learning for data preparation tasks, growing demand for self-service data preparation tools, rising need for data quality and governance in preparation processes, demand for real-time data preparation capabilities. Major trends in the forecast period include technological advancements, expansion of big data and IoT driving demand for scalable data preparation solutions, collaboration features for team-based data preparation projects, adoption of federated learning approaches for distributed data preparation tasks, integration of data preparation with data governance and stewardship platforms.
The burgeoning volume of data is poised to drive the expansion of the data preparation tools market. Data, encompassing raw facts and figures collected for analysis, is witnessing rapid growth propelled by increased digitalization, technological advancements, and the proliferation of connected devices. This surge necessitates the use of data preparation tools to efficiently clean, transform, and organize data for analysis, given the complexity and scale of handling large datasets. For instance, a report by the Linux Foundation in December 2022 revealed significant data growth trends, with average end-user organizations experiencing substantial annual increases in data storage capacity. The data growth witnessed underscores the critical role of data preparation tools in managing and harnessing the vast amounts of data generated.
Leading companies in the data preparation tools market are prioritizing the development of innovative technologies to streamline data processing tasks. One such advancement is SnapGPT, a generative AI tool introduced by SnapLogic in August 2023. SnapGPT leverages artificial intelligence to facilitate the creation of data pipelines more efficiently, offering a faster and more intuitive approach to integration tasks. Equipped with features such as text recognition, image recognition, speech-to-text capabilities, and fast integration prototyping, SnapGPT empowers users to generate accurate queries and transform data seamlessly across various formats. This integration of AI-driven capabilities with user-friendly functionalities enhances the efficiency and effectiveness of data integration workflows, addressing the evolving needs of data-driven organizations.
In February 2022, Alteryx Inc. bolstered its presence in the data preparation tools market by acquiring Trifacta Inc. This acquisition underscores Alteryx's commitment to facilitating cloud-based analytics solutions and providing versatile deployment options tailored to enterprise users' diverse analytics needs. Trifacta Inc., renowned for its expertise in cloud data engineering and data preparation tools, aligns with Alteryx's vision of empowering organizations with robust data analytics capabilities in the cloud environment.
Major companies operating in the data preparation tools market are Amazon Web Services Inc., Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, Salesforce.com Inc., SAS Institute Inc., Hitachi Vantara Corporation, Teradata Corporation, Informatica Inc., Tibco Software Inc., Zoho DataPrep, Quest Software Inc., Alteryx Inc., Rapid Insight Inc., QlikTech International AB, Altair Engineering Inc., Micro Strategy Incorporated, DataRobot Inc., Dataiku Inc., Datawatch Corporation, Unifi Software Inc., Datameer Inc., InfluxData Inc
North America was the largest region in the data preparation tools market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data preparation tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the data preparation tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The data preparation tools market consists of revenues earned by entities by providing services such as data cleansing, data integration, data transformation, and data enrichment. The market value includes the value of related goods sold by the service provider or included within the service offering. The data preparation tools market also includes sales of servers, storage devices, and networking equipment. 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 Preparation Tools Global Market Report 2025 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 preparation 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 preparation 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 preparation 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 forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.