Global Data Quality Tools Market to Grow at CAGR of 14.41% during 2016-2020

Market Research Hub

Albany, New York, August 26, 2016: Market Research HUB has announced the addition of the “Global Data Quality Tools Market 2016-2020″ report to their huge collection of market research reports.

Data quality tools refer to a wide range of tools required to ensure the quality and dependability of data in several business processes, including core business operations, business intelligence (BI), analytics, and strategic decision-making. Data quality tool vendors offer a wide range of functionalities such as data profiling, monitoring, parsing, standardization, and enrichment. These tools are applied to customer data, financial data, and product data to improve the quality of the data. Many organizations use data quality tools to obtain the benefits of big data. By rapidly acquiring and analyzing of big data from various sources, researchers and decision-makers have realized that this massive amount of information has insights for better understanding of customer needs, improving the quality of service, and predicting and preventing risks. This will, in turn, lead to the adoption of data quality tools for the management of big data over the next four years.

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Analysts forecast the global data quality tools market to grow at a CAGR of 14.41% during the period 2016-2020.

Covered in this Report
The report covers the present scenario and the growth prospects of the global data quality tools market for 2016-2020. To calculate the market size, the report considers the revenue generated from license fees, consulting fees, and annual maintenance fees of data quality tools.

The market is divided into the following segments based on geography:

Report, Global Data Quality Tools Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors
SAS Institute
Trillium Software

Other prominent vendors in the market are Ataccama, DataMentors, Experian, Innovative System, Melissa, Pitney Bowes, RedPoint, Talend, and Uniserv.

Market segmentation based on deployment type and analysis of the data quality tools

– On-premises

– Cloud

Market segmentation based on end-user and analysis of the data quality tools

– Enterprise

– Government

Market Driver
Increased need for data quality functions in big data
For a full, detailed list, view our report

Market Challenge
High implementation and product costs
For a full, detailed list, view our report

Market Trend
Rising incorporation of data quality tools with data integration tools
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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