May 28, 2020 9:39 AM ET
iCrowd Newswire – May 28, 2020
The Global Data Wrangling Market is estimated to grow at a CAGR of 18.4% during the forecast period 2019-2026. The market research study presents that the data wrangling industry accounted $1.45 billion in the year 2018 and is estimated to reach $5.58 billion by the end of the year 2026.
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Data wrangling is a process of enhancing, restructuring and cleaning the available raw data in a desired format for better processing and informed decision making. The process can be structured into a repeatable and standardized form to transform the available data sources in a common format to use it for multiple times.
The data wrangling market is driven by various growth factors such as increase in demand for cloud-based big data analytics software among small and medium sized enterprises (SMEs) and growth in adoption of big data analytics software by organizations. Whereas, issues related to data security breach and lack of awareness about benefits offered by data wrangling tools are major growth hindering factors of the global marketplace.
Segmentation Overview of the Global Data Wrangling Market
The global data wrangling market is segmented on the basis of various market segments such as component, deployment model, organization size, business function and industry vertical. These segments are further categorized into various sub-segments to study the market in detail considering various factors and geographical conditions.
The Component Segment of the Global Data Wrangling Market is Sub-Segmented into:
The Deployment Model Segment of the Global Data Wrangling Market is Sub-Segmented into:
The Organization Size Segment of the Global Data Wrangling Market is Sub-Segmented into:
- Large Enterprises
- Small & Medium Enterprises
The Business Functions Segment of the Global Data Wrangling Market is Sub-Segmented into:
- Marketing & Sales
- Human Resources
The Industry Vertical Segment of the Global Data Wrangling Market is Sub-Segmented into:
- Government & Public Sector
- Healthcare & Life Science
- Retail & E-Commerce
- Media & Entertainment
- Energy & Utilities
- IT & Telecom
Geographical Overview of the Global Data Wrangling Market
The global data wrangling market is segmented on the basis of various geographical regions, such as:
- North America (Canada and U.S.)
- Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Singapore, South Korea and Rest of Asia Pacific)
- LAMEA (Latin America, Middle East and Africa)
As per the regional study, North America data wrangling market accounted for ~2/5th of the market share in the global marketplace in the year 2018 and is estimated to maintain the dominant position by the end of the year 2026. The regional dominance is attributed to increasing adoption of data wrangling in various businesses to prepare the data and obtaining maximum accurate results for informed decision making. Similarly, the Asia Pacific data wrangling market is estimated to grow at fastest growth rate with the highest CAGR of ~20.9% during the forecast period, owing to increase in digitalization in emerging economies such as India and China.
Market Competition Insights
Trifacta Software Inc., Impetus, IBM Corporation, Teradata Corporation, Hitachi Vantara, Tibco Software, SAS institute, Paxata Inc., Oracle Corporation and Alteryx among others are major key players included in the research study of the global data wrangling market. The market players are adopting various competitive strategies to acquire majority of the market share in the global data wrangling market.
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Keywords: Data Wrangling Market, Data Wrangling Market Size