Data Quality Tool Market To Garner Exponential Growth By 2023: Global Forecast News ($1539 Million Market)
Global Data Quality Tool Market, By Component (Solutions, Services), By Data (Consumer data, Producer data), By Deployment (On-premises, on-demand), By Organization size (Small, Medium, Large), By Vertical, (BFSI, Healthcare, Education) — Forecast 2023
Market Highlights
The global data quality tool market is expected to reach approximately USD 1539 million by the end of 2023 with 16% CAGR during forecast period 2017–2023.
The data quality tool system solutions enable organizations for better understanding of customer needs, improving the quality of service, future predictions and business growth. The tools are increasingly implemented in support of data quality improvement initiatives. Increasing usage of external data sources and the growing volume of business data are the factors boosting the growth of the data quality tool market.
Furthermore, factors such as rise in artificial intelligence for data quality, increasing demand for data quality functions in big data and the growing speed of data accumulations are expected to boost the growth of the data quality tool market over the forecast period, 2017–2023. Various organizations are investing in data quality tools for better understanding of customer needs, improving the quality of service, future predictions and business growth.
Data Quality Tool Market
According to Market Research Future, market has been segmented into component, data type, deployment, organization size, vertical and region.
On the basis of deployment, the market has been bifurcated into on-demand and on-premises. Out of these deployment, on-demand accounted for the largest market share majorly due to cost benefits and speed of deployment. However, on-premises segment is expected to boost the market over the forecast period, 2017–2023. The reason is attributed to increasing number of large enterprises which require storage of data and security concerns.
Regional Analysis-
On the basis of region, the market has been segmented into North-America, Europe, Asia-Pacific and Rest of the world. North American region dominated the digital asset management market.
Regionally, North-America accounted for the largest market share majorly due to unmatched expansion of data in this region, increasing adoption of internet of things, stringent data related regulatory compliances and the presence of large number of vendors. However, Asia-Pacific region is expected to boost the growth of the data quality tool market majorly due to increasing demand for digitization and increasing awareness about new technological solutions.
The key players in the global data quality tool market include SAP SE (Germany), Microsoft Corporation (US), IBM Corporation (US), Experian Data Quality (US), SAS Institute Inc. (US), Informatica Corporation (US), Pitney Bowes (US), Information Builder (US), Oracle Corporation (US), Tamr (US), Talend (US), Syncsort (US) and Trianz (US) among others.
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Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
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