The global data preparation tools market is anticipated to grow at a CAGR of 16.2% during the forecast period (2023-2030).The global data preparation tools market is anticipated to grow at a significant rate owing to several factors which includes, increasing volume and complexity of data, adoption of cloud-based data preparation tools, and growing demand for data-driven decision-making. To meet the growing demand for prepared data key players are involved in developing advanced platforms that are apt for data preparation. For instance,
in October 2023, Alluxio, launched Enterprise AI, a new version of its data cloud platform designed specifically for developing and servicing AI and machine learning models.Alluxio, based in San Mateo, Calif., is a data orchestration vendor whose platform sits between the data storage and data preparation layers in an organization’s data stack and enables customers to connect their disparate data sources to prepare and model data for analysis.
Further, in October 2023, Alteryx, Inc. announced new Alteryx AiDIN innovations, including AI Studio, one of the industry’s first deployment-agnostic interfaces that is purpose-built for no-code users to leverage generative AI. Nearly 90 percent of companies currently using generative AI reported seeing benefits from the technology, and the new Alteryx AiDIN innovations are designed to help organizations incorporate custom business data into LLMs in a governed manner to drive operational agility and deliver competitive advantage.
Furthermore, in September 2023, Amsis, launched a new version of its data preparation and simulation software, Genesis 3. The software is designed to reduce the need for support structures in overhang areas, optimise component surfaces, and enhance mechanical properties. Genesis 3 allows complete digital control over the generation process of an additively manufactured component.The software offers three different automated tools to prepare a build job. The user interface displays all available functions for building job strategies. Genesis 3 also offers material-specific, simulation-based thermal segmentation of down-skins. The software’s simulation-based hatching design provides an optimal hatch orientation and sequence to improve heat balance for every application. Support structures can be generated automatically, with the user receiving a preview of the exposure pattern in various displays.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Type
- By Deployment Type
- By Industry Verticals
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- includes Alteryx, Inc., Amazon Web Services, Inc., Datawatch Corp., Informatica Corp., IBM Corp., and Microsoft Corp among others.
Data preparation tools Market Report Segment
By Type
- Self – service
- Data integration
By Deployment Type
- On-Premises
- Cloud-Based
By Industry Vertical
- IT & Telecom
- E-commerce
- BFSI
- Government
- Healthcare
- Others
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Data preparation tools Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Alteryx, Inc.
- Amazon Web Services, Inc.
- Datawatch Corp.
- Informatica Corp.
- Micro Strategy Inc.
- Oracle Corp.
- Qlik Technologies Inc.
- Rapid Insight Inc.
- SAP SE
- SAS Institute Inc.
- Tableau Software, LLC
- Tibco Software Inc.
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