DUBLIN--(BUSINESS WIRE)--The "Data Wrangling Market by Business Function (Marketing and Sales, Finance, Operations, HR, and Legal), Component (Tools and Services), Deployment Model, Organization Size, Industry Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The Data Wrangling Market Size is Expected to Grow from USD 1.29 Billion in 2018 to USD 3.18 Billion By 2023, at a CAGR Of 19.7%
Increasing volume and velocity of data is the key growth driver for the data wrangling market
The growth factors include the increasing volume and velocity of data and advancements in AI and ML technologies. However, companies' reluctance to shift from traditional ETL tools to advanced automated tools is a restraining factor in the data wrangling market.
Finance business function is estimated to hold the largest market size in 2018 in the data wrangling market.
Recognition software consists of various modules used for object, voice, speech, image, gesture, facial, and character recognition. The recognition software provides highly integrated tools that help bot developers integrate AI into the software to enable the robot to tackle problems, such as language and dialog skills.
The finance business application utilizes the power of analytics to determine risk factors, enhance business processes, invest judiciously, access profitability, identify target customers, and predict future events. Along with this, analytics software also assists in improving client relations, driving revenue, managing risks, meeting regulatory obligations, streamlining back-office processes, and developing high quality products and services. Data wrangling tools are the precursor to analytics and thus would be adopted substantially with the growing use of analytics in finance business process.
Asia Pacific (APAC) is expected to grow at the highest rate during the forecast period in the data wrangling market by region
The APAC region is expected to grow at the highest rate in the data wrangling market during the forecast period. Australia, New Zealand, China, Singapore, and Japan are witnessing growth in big data and analytics startups. This would create numerous growth opportunities especially in China, India, Bangladesh, and others. With the growth of smart cities and proliferation of IoT devices, the region is expected to witness huge growth in the coming years.
Data wrangling solution providers have started expanding their footprint in Japan owing to the increase in big data and rising need for data preparation solutions. For instance, Paxata partnered with K.K. Ashisuto to serve as a distributor for Paxata's data preparation solution. This is expected to drive the growth of data wrangling solutions during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Data Wrangling Market, By Business Function
7 Data Wrangling Market, By Component
8 Data Wrangling Market, By Deployment Model
9 Data Wrangling Market, By Organization Size
10 Data Wrangling Market, By Industry Vertical
11 Data Wrangling Market, By Region
12 Competitive Landscape
13 Company Profiles
- Hitachi Vantara
- IRI, the Cosort Company
- Ideata Analytics
- Rapid Insight
- SAS Institute
- TIBCO Software
- Unifi Software
For more information about this report visit https://www.researchandmarkets.com/research/78xwqr/data_wrangling?w=4