Data Quality Tools Market Size to Grow by USD 1.09 bn During 2021-2025

Technavio has been monitoring the data quality tools market and it is expected to grow by USD 1.09 bn, 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

• 39% of the market growth will originate from North America during the forecast period.
• Increasing big data and analytics will be a key trend that will influence market growth significantly.
• The 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