Data Quality Tools Market Size to Grow by $ 1.09 Billion During 2021-2025
Technavio has been monitoring the data quality tools market and it is expected to grow by $ 1.09 billion, accelerating at a CAGR of almost 14% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Data Quality Tools Market: North America to lead market growth during the forecast period
- North America has the largest market share due to the presence of key market players such as IBM, Oracle, and SAS. However, the region will experience a slower growth rate as compared to Europe, MEA, and APAC during the forecast period.
- The expansion of data in the North America, fueled by the increasing adherence to mobile and Internet of Things (IoT), the presence of major data quality tools vendors, stringent data-related regulatory compliances, and ongoing projects, will continue to sustain the market in the region .
- Increase in big data and analytics will be a key trend that will influence market growth significantly.
- Increasing use of data quality tools for marketing will be a significant factor in driving the growth of the data quality tools market.
Data Quality Tools Market: Key Competitors
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Accenture Plc, Ataccama Corp., DQ Global, Experian Plc, International Business Machines Corp., Oracle Corp., Precisely, SAP SE, SAS Institute Inc., and TIBCO Software Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Data Quality Tools Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive data quality tools market growth during the next five years
- Precise estimation of the data quality tools market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the data quality tools market industry across North America, Europe, APAC, South America, and Middle East and Africa
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of data quality tools market vendors
The report provides insights into the following FAQs:
- What is the market CAGR?
The market is accelerate at a CAGR of 14%.
- What is the incremental growth of the market?
The market is expected to grow by $ 1.09 bn through 2021-2025.
- What is a key factor driving this market?
Increasing use of data quality tools for marketing will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, Europe, APAC, South America, and Middle East and Africa are the key regions featured in this research report.
- Which is the leading geographic region for this market:
39% growth will originate from North America
- Who are the leading market vendors?
The leading vendors in this market are Accenture Plc, Ataccama Corp., DQ Global, Experian Plc, International Business Machines Corp., Oracle Corp., Precisely, SAP SE, SAS Institute Inc., and TIBCO Software Inc.
- What are the market segments covered in this report?
The market is segmented by Deployment (On-premise and Cloud-based) and Geography (North America, Europe, APAC, South America, and Middle East and Africa)