A recent report published by
Infinium Global Research on data wrangling market provides an in-depth analysis of
segments and sub-segments in the global as well as regional data wrangling
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional data wrangling market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecast, and dollar values of the global data wrangling market. According to the
report, the global data wrangling market is projected to grow at a CAGR of
18.5% over the forecast period of 2020-2026.
Data wrangling is processing the
raw or primary data and mapping it into a structural and proper format to make
it more valuable. It has numerous potentials uses such as data visualization,
data aggregation & training a statistical model and others. It is essential
to analyze the data as data is available on a large scale and in raw format,
and there are also various data sources. Data wrangling gives extensive
solutions to the problems, analyses data in an effective and efficient manner,
hence the demand for data wrangling is augmented on a large scale in the
international market. Data wrangling evaluates the performance of the equipment
and efficiently gives results without any immersion of data scientists or IT
personnel.
The major factors that are
responsible for the growth of the data wrangling market are increasing pace and
volume of data and advancements in machine learning and AI technologies. Data
wrangling has augmented the scope for business and helps them to work more
proficiently. However, one of the major factors restraining market growth is
reluctance in shifting from traditional tools to automated tools. In addition,
low awareness regarding data wrangling tools in SMEs, and focus on maintaining
data quality is projected to restrain the market growth in the projection
period. Moreover, increasing regulatory pressure and growth in edge computing
are offering lucrative market opportunities for the players in the forecast
years. Additionally, the current concern over the spread of coronavirus is also
expected to have a positive impact on the data wrangling market. Data
consumption is estimated to witness a significant increase as a direct
consequence of lockdowns enforced in several countries to combat the spread of
the deadly coronavirus. During these times, AI and big data have emerged as an
essential tool for everything from diagnosis and epidemiology to therapeutic
and vaccine development. This will also propel the demand for data wrangling
solutions as it allows organization to swiftly transform data sets and perform
data analysis that can be used to improve decision making in businesses.
Among the geographies, the North
America region is expected to hold the largest share in the global data
wrangling market owing to the rising adoption of data wrangling services.
Furthermore, the rising amount of data that is being collected every day has
increased the demand for data wrangling at a large scale in the North American
region. Moreover, the Asia Pacific region is expected to witness significant
growth over the forecast period during the forecast period owing to rapid
industrialization and urbanization. The increasing data collection in countries
like China and India is projected to drive the data wrangling market in the
region over the forecast period.
The report on the global data
wrangling market covers segments such as component, deployment mode, enterprise
size, and end-user industry. On the basis of components, the sub-markets include
tools. On the basis of deployment mode, the sub-markets include cloud-based. On
the basis of enterprise size, the sub-markets include large enterprises. On the
basis of the end-user industry, the sub-markets include IT and telecommunication,
government, BFSI, healthcare, and others.
The report provides profiles of
the companies in the market such as SAS Institute, Oracle Corporation, IBM
Corporation, Dataiku, Datawatch, Alteryx, Talend, TIBCO Software, and
Informatica.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of data wrangling market. Moreover, the study highlights current
market trends and provides forecast from 2020-2026. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.