May 08, 2019: The global data preparation tools market size is anticipated to reach USD 8.47 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 25.1% over the forecast period.

Data preparation tools can help organizations augment their efficiency by ensuring easy access to data.

Increasing demand for data analytics, particularly in IT and retail sectors, is expected to drive demand for data preparation tools.The growth of the data preparation tools market can be attributed particularly to capabilities of self-service data preparation tools to ensure easy interchangeability, collaboration, and profiling of data.

Demand for self-service data preparation tools will continue to increase as data analytics companies continue to demand efficient solutions to access and analyze large volumes of data.Download sample Copy of This Report at: https://www.radiantinsights.com/research/data-preparation-tools-market/request-sample On-premise deployment of data preparation tools accounted for the largest revenue share in 2016 as organizations prefer to adopt conventional data collection and preparation techniques.

However, demand for deployment of data preparation tools over the cloud is expected to grow over the forecast period, as cloud deployment can ensure easy access to data via virtual sources.Data preparation tools help enterprises collect, analyze, and standardize data.

The data collection segment accounted for the largest market share of more than 28.0% in 2016.

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The Global Data Preparation Tools Market was valued at USD 1.10 billion in 2016 and is predicted to reach USD 8.47 billion by 2025 due to increase in demand for data from various industries for analysis.

Data Preparation is the method of collecting, integrating, structuring and organizing data so that is can be examined as a part of visualization, analytics and machine learning applications.

The demand for data from retail and IT sector is increasing, due to which the market is expected to grow substantially with a CAGR of 25.1%.The components of data preparation include pre-processing, profiling, cleansing, validation and transformation; it also involves pulling together data from different internal and external sources.

Data Preparation is performed by Information Technology and Business Intelligence teams since they combine data sets to store the data in data warehouse, Hadoop data leak repository or NoSQL database.

Moreover, data analysts can take the help of self-service data preparation tools to gather and prepare analytical data with data visualization tools like Tableau.

Data preparation makes sure that the data to be analyzed is consistent and accurate for the valid and useful results.

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