Global Data Quality Tools Market
The Global Data Quality Tools Market was valued at USD 526.21 million in 2016 and is projected to reach USD 2314.5 million by 2025, growing at a CAGR of 17.89% from 2017 to 2025.
Enterprises are taking in more data from more sources and using it in more ways than ever before which needs a new class of data quality analysis tools in order to achieve the highest level of data quality excellence. Data quality tool helps the enterprise for data profiling, data monitoring, data quality check, data enrichment, data matching, data parsing and standardization, and data cleansing.
1. Market Drivers
1.1 Emerging artificial intelligence for data quality
1.2 Growing usage of external data sources
1.3 Rising volume of business data
1.4 Growing risk to band reputation and regulatory pressure
1.5 Increasing demand to improve performance through better customer engagement
2. Market Restraints
2.1 Complex data structures
2.2 Rising integration affecting data timeliness
2.3 Poor knowledge about data quality
The Global Data Quality Tools Market is segmented on the business function, data type, organization size, component, deployment model, vertical, and region.
1. Business Function:
1.2 Marketing, Sales
1.3 Human resources
2. Data Type:
2.1 Compliance data
2.2 Customer data
2.3 Supplier data
2.4 Product data
2.5 Financial data
3. Organization Size:
3.1 Large Enterprises
3.2 Small and Medium Organizations
4. By Component:
4.2.1 Managed services
4.2.2 Professional services
22.214.171.124 Support and maintenance services
126.96.36.199 Education and training
188.8.131.52 Consulting services
5. By Deployment Mode:
6. By Vertical:
6.3 IT and Telecom
6.4 Banking, Financial Services, and Insurance (BFSI)
6.5 Energy and Utilities
6.6 Retail and e-commerce
7. By Region:
7.1 North America (U.S., Canada, Mexico)
7.2 Europe (Germany, UK, France, Rest of Europe)
7.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
7.4 Latin America (Brazil, Argentina, Rest of Latin America)
7.5 Middle East & Africa
The major players in the market are as follows:
1. Oracle Corporation
2. SAP SE
3. IBM Corporation
4. Microsoft Corporation
7. Pitney Bowes Inc.
10. Information Builders
12. Experian PLC
13. SAS Institute Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Data Quality Tools Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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