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Press Release Content:
Market Research Future (MRFR) Announces the Publication of its Half Cooked Research Report – Data Quality Tool Market 2017-2023.
Data Quality tools signifies a range of tools that are used to ensure the quality and reliability of data in numerous business processes. These tools incorporate in business operations in the form of analytics, BI, and among others that helps to formulate an efficient and robust business decisions. The increasing demand of Big Data analytics and need for improving customer engagement is some of the major drivers for the growth of the market.
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The study signifies that in the Data Quality tools market on premises deployment will dominated the market accounting for around 75% of the total market shares. The benefit of customization, which allows enterprises to fulfill their respective organizational needs and enhances security to gain better control over data in on-premises solutions will aid in the growth of data quality tools market segment during the forecast period.
The 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.
According to Market Research Future Analysis, Global Data Quality tools Market has been valued at approximately USD 1539 billion by the end of 2023 with 16% CAGR during forecast period 2017-2023.
Market Research Future (MRFR) recognizes the following companies as the key players in the Data Quality tools 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.
Data Quality Tools Market
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
By end-user segment, the BFSI would be accounted as a largest users in Data Quality Tools Market. The emergence of Big Data s also playing a vital role towards the growth of Data Quality Tools market. The exponential growth of big data with the proliferation of Internet of Things (IoT) devices is expected to have significantly fueled the need of efficient data quality tools that would be instrumental in funneling down the data needed to analyze and take decisions.
By Region, MRFR analysis shows that The North American region is touted as the largest adopter of data quality tools and services owing to the massive research happening in and around numerous verticals. Moreover, North America’s overall Gross Domestic Product (GDP) continues to grow with a strong hold in the telecom, healthcare, and manufacturing sectors. The implementation of quality tools and services is expected to reach new trajectories. The lack of awareness is a major restraining factor for the growth of the data quality tools market. Complex data structures and data timeliness are the challenges in adopting data quality tools and services.
For the purpose of this study, the global Data Quality Tools Market has been segmented on the basis of Component, Data Type, deployment, Organization size and Vertical. The report on Data Quality Tools contains detailed analysis with market size of each segment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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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.
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