Market Highlights: Data Quality tools are the method or process used for identifying, understanding and corrections, flaws in data that will facilitate effective information support and dominance over operational business processing and decision making. The different data quality tools are available to include a range of critical functions, such as profiling, parsing, standardization, cleansing, matching, enrichment, and monitoring. There is a various software company who produces such tools for efficient data processing. Such data tools used in various fields according to the type of data, by function, etc. The market study is being classified by Type (On-premises and Cloud), by Application (Data Cleansing, Data Integration, Master Data Management and Metadata Management) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Data Quality Tools are Pitney Bowes (United States), Information Builder (United States), Talend (United States), Trianz (United States), Syncsort (United States), Microsoft CorporationSAP S (United States), E (Germany), IBM Corporation (United States), SAS Institute Inc (United States) and Oracle Corporation (United States).
The Function, such as Marketing, is boosting the Data Quality Tools market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Data, such as Customer data, is boosting the Data Quality Tools market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Component, such as Software, is boosting the Data Quality Tools market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Organization Size , such as SMEs (Small Manufacturing Enterprises), is boosting the Data Quality Tools market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
Major Market Development Highlights In July 6, 2022 /PRNewswire/ -- IBM (NYSE: IBM) today announced it has acquired Databand.ai, a leading provider of data observability software that helps organizations fix issues with their data, including errors, pipeline failures and poor quality — before it impacts their bottom-line. Today's news further strengthens IBM's software portfolio across data, AI and automation to address the full spectrum of observability and helps businesses ensure that trustworthy data is being put into the right hands of the right users at the right time. In Nov. 3, 2022 /PRNewswire/ -- IBM (NYSE: IBM) has announced new software designed to help enterprises break down data and analytics silos so they can make data-driven decisions quickly and navigate unpredictable disruptions. IBM Business Analytics Enterprise is a suite of business intelligence planning, budgeting, reporting, forecasting, and dashboard capabilities that provides users with a robust view of data sources across their entire business.
Key Questions Answered in the Report What will the Data Quality Tools Market size and the growth rate be in Future? What are the key factors driving the Data Quality Tools Market? What are the key market trends and macro-economic impacting the growth of the Data Quality Tools Market? What are the challenges to market growth? Who are the key vendors in the Data Quality Tools Market? What are the market opportunities and threats faced by the vendors in the Data Quality Tools Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Data Quality Tools Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Data Quality Tools market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Data Quality Tools market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Data quality solution providers, Consulting companies, Government agencies, Investors and venture capitalists, Consultants/consultancies/advisory firms, Support and maintenance service providers and Technology providers. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.