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Global Data Quality Tools Market Insights:
According to MarkNtel Advisors, 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., 2023-28. The business terrain is witnessing an unprecedented surge in data production in terms of volume and variety.
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Global Data Quality Tools Market Definition:
Data quality tools are software solutions devised to assess, monitor, and enhance data quality within organizations. These tools present a wide range of functionalities, including data profiling, cleansing, validation, and enrichment, enabling businesses identify and resolve their data’s duplicates, inconsistencies, and inaccuracies, ensuring data integrity and reliability.
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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.
Global Data Quality Tools Market Segmentation:
1. By Deployment
- Cloud-based – Market Size & Forecast 2018-2028, USD Million
- On-Premise – Market Size & Forecast 2018-2028, USD Million
2. By Size of the Organization
- Small and Medium Enterprises – Market Size & Forecast 2018-2028, USD Million
- Large Enterprises – Market Size & Forecast 2018-2028, USD Million
3. By Component
- Software – Market Size & Forecast 2018-2028, USD Million
- Services- Market Size & Forecast 2018-2028, USD Million
4. By End-User
- BFSI- Market Size & Forecast 2018-2028, USD Million
- Government- Market Size & Forecast 2018-2028, USD Million
- Retail and E-commerce- Market Size & Forecast 2018-2028, USD Million
- Healthcare- Market Size & Forecast 2018-2028, USD Million
- IT & Telecom- Market Size & Forecast 2018-2028, USD Million
- Others- Market Size & Forecast 2018-2028, USD Million
Global Data Quality Tools Market Geographically Analysis:
5. By Region
- North America
- South America
- Europe
- Asia-Pacific
- The Middle East and Africa
Global Data Quality Tools Leading Companies:
- IBM Corporation
- Oracle Corporation
- SAP SE
- SAS Institute Inc
- Talend Inc.
- Information Builders Inc
- Experian PLC
- Ataccama Corporation
- Syncsort Inc.
- Pitney Bowes Inc.
- Informatica
- International Business Machines Corporation
- Tamr
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- Our study equips stakeholders with the insights needed to develop optimal business plans, facilitating accelerated market growth by aiding in understanding both present and future market restraints.
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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.
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