From Globe Newswire:

The global market for data preparation tools is expected to reach $19,189.9 million by 2031, with a CAGR of 18.1%. These tools are essential for applications like predictive modeling and business intelligence to ensure correct, comprehensive, and timely data. North America leads in market share due to technology integration and analytics investments. Top players include IBM, Microsoft, and SAS Institute. Key market segments include self-service platforms, data integration, and end-users such as IT, retail, and BFSI.

IBM recently launched Data Preparation for Watson Studio, enhancing data examination for cloud-based analytics. Informatica acquired Dataiku to expand its data preparation capabilities, offering clients a comprehensive data analytics platform. The market is segmented by platform, deployment, function, and end-user industries, with North America leading market growth. Top players like SAP, Microsoft, and IBM drive market development with innovative technologies and solutions.

The global data preparation tools market is projected to grow significantly, with a CAGR of 18.1% reaching $19,189.9 million by 2031. These tools play a crucial role in data-driven decision making across industries like IT and BFSI. North America dominates the market due to technological advancements and increased analytics investments. Major players like IBM, Microsoft, and SAP are driving market growth with innovative solutions and product offerings to cater to various end-user industries.

The global data preparation tools market is witnessing substantial growth, with a CAGR of 18.1% and expected to reach $19,189.9 million by 2031. These tools are essential for predictive modeling, machine learning, and business intelligence to ensure accurate and timely data. North America leads in market share due to technological integration and analytics investments. Major players like IBM, Microsoft, and SAP are driving market expansion with innovative solutions tailored to different end-user industries.



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