Data Quality Tools Market Size | Share

According to the latest market research report title “Data Quality Tools Market By Deployment (Cloud-based, On-Premise), By Component (Software, Services), By Size of the Organization (Small and Medium Enterprises, Large Enterprises), By End-User (BFSI, Government, Retail and E-commerce, Healthcare, IT & Telecom, Others) and others--Forecast to 2030″, published by MarkNtel Advisors. The Global Data Quality Tools Market size was valued at USD 2.1 billion in 2022 and is projected to grow at a CAGR of around 18.5% during the forecast period, i.e., 2024-30.

The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2024-30). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.

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Global Data Quality Tools Market Growth Opportunity:

Leveraging Advanced Technologies for Data Quality Paired with Incorporation of External Data Sources - Internal data generation has reached unparalleled levels as numerous industries continue to embrace digital transformation and leverage advanced technologies like AI, ML, and IoT. For instance, Pyramid Analytics raised USD 120 million in a Series E round of funding with its flagship platform, Pyramids Decision Intelligence, which combines business analytics, data preparation, and data science capabilities with AI guidance functionality.

On the contrary, a swift surge in the adoption of external data sources such as third-party data providers, data acquired from social media platforms, and public data sets has been witnessed in recent years. On the one hand, these external data sources present valuable insights and enrich internal datasets, enabling businesses to flourish with informed decision-making. And on the other hand, its growing adoption also compels businesses to simultaneously ensure data accuracy and reliability.

Owing to the varied veracity of external data, companies are required to implement robust data quality tools and strategies to validate, measure, cleanse, and integrate external data with their internal data warehouses, creating remunerative opportunities for companies offering these tools.

Data Quality Tools Market Segmentation

The Data Quality Tools Market is highly robust and fragmented into numerous segments;

By Deployment

-Cloud-based - Market Size & Forecast 2019-2030, USD Million

-On-Premise - Market Size & Forecast 2019-2030, USD Million

By Size of the Organization

-Small and Medium Enterprises - Market Size & Forecast 2019-2030, USD Million

-Large Enterprises - Market Size & Forecast 2019-2030, USD Million

By Component

-Software - Market Size & Forecast 2019-2030, USD Million

-Services- Market Size & Forecast 2019-2030, USD Million

By End-User

-BFSI- Market Size & Forecast 2019-2030, USD Million

-Government- Market Size & Forecast 2019-2030, USD Million

-Retail and E-commerce- Market Size & Forecast 2019-2030, USD Million

-Healthcare- Market Size & Forecast 2019-2030, USD Million

-IT & Telecom- Market Size & Forecast 2019-2030, USD Million

-Others- Market Size & Forecast 2019-2030, USD Million

By Region

-North America

-South America

-Europe

-Asia-Pacific

-The Middle East and Africa

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Key Players Operating in the Data Quality Tools Market: -

Syncsort Inc.

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Pitney Bowes Inc.

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-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Informatica

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

International Business Machines Corporation

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

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-Financial Details

-Others

Key Questions Answered:

What is the projected CAGR of the Data Quality Tools Market during the forecast period?
Which segment is expected to lead the Data Quality Tools Market?
Who are the prominent players driving market growth?

Key Offerings:

Market Share, Size, and Revenue Forecast
Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
Landscape: Leading key players and other prominent participants

About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.