HOME Top Market Reports Data Quality Tools Market by Data Type (Customer Data, Product Data, Financial Data, Compliance Data, and Supplier Data), Component (Software and Services), Business Function, Deployment Model, Organization Size, Vertical - Global Forecast to 2022

Data Quality Tools Market by Data Type (Customer Data, Product Data, Financial Data, Compliance Data, and Supplier Data), Component (Software and Services), Business Function, Deployment Model, Organization Size, Vertical - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: July 2017
Report Code: TC 5412

 

  Speak to Analyst Enquiry Before Buying Webinar
purchase report
download pdf  request for customisation


The data quality tools market size is expected to grow from USD 610.2 Million in 2017 to USD 1,376.7 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 17.7%. The base year considered for this report is 2016 and the forecast period is 2017–2022.

Objectives of the Study

The main objective of this report is to define, describe, and forecast the global data quality tools market on the basis of data types, business functions, components, deployment models, organizations sizes, industry verticals, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

The research methodology used to estimate and forecast the data quality tools market began with data collection through secondary research on key vendors. The sources referred for secondary research include D&B Hoover’s, Bloomberg Businessweek, and Factiva. The vendor offerings were taken into consideration in order to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key personnel, such as Chief Marketing Officers (CMOs), and Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The breakdown of primary profiles is depicted in the below figure:

Data Quality Tools Market

To know about the assumptions considered for the study, download the pdf brochure

The data quality tools market comprises software and service providers, such as Microsoft Corporation (US), SAP SE (Germany), IBM Corporation (US), SAS Institute Inc. (US), Oracle Corporation (US), Informatica Corporation (US), Experian Data Quality (US), Tamr (US), Pitney Bowes (US), Information Builder (US), Talend (US), Trianz (US), and Syncsort (US).

Key Target Audience

  • Data quality solution providers
  • Governance, Risk Management, and Compliance (GRC) solution providers
  • Consulting companies
  • Government agencies
  • Risk assessment service providers
  • Investors and venture capitalists
  • Value-added resellers
  • Small and Medium-Sized Enterprises (SMEs) and large enterprises
  • Third-party providers
  • Consultants/consultancies/advisory firms
  • Support and maintenance service providers
  • Technology providers

Study answers several questions for the stakeholders, primarily which market segments to focus in the next 2–5 years for prioritizing the efforts and investments.

Scope of the Report

The research report categorizes the data quality market to forecast the revenues and analyze the trends in each of the following subsegments:

By Data Type:

  • Customer data
  • Product data
  • Financial data
  • Compliance data
  • Supplier data

By Business Function:

  • Marketing
  • Sales
  • Finance
  • Legal
  • Human resources

By Component:

  • Software
  • Services
    • Professional services
      • Consulting
      • Support and maintenance
      • Education and training
    • Managed services

By Deployment Model:

  • On-premises
  • On-demand

By Organization Size:

  • SMEs
  • Large enterprises

By Vertical:

  • Banking, Financial Services, and Insurance (BFSI)
  • Telecommunications and IT
  • Retail and eCommerce
  • Healthcare and Life sciences
  • Manufacturing
  • Government
  • Energy and utilities
  • Media and entertainment
  • Others

By Region:

  • North America
  • Europe
  • MEA
  • APAC
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific requirements. The following customization options are available for the report:

Product Analysis

Product matrix gives a detailed comparison of product portfolio for each company.

Geographic Analysis

  • Further breakdown of the North American data quality tools market
  • Further breakdown of the European market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market
  • Further breakdown of the Latin American market

Company Information

  • Detailed profiling and analysis of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Microquadrant Research Methodology
           2.3.1 Vendor Inclusion Criteria
    2.4 Research Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Market Opportunities in the Data Quality Tools Market
    4.2 Data Quality Tools: Market Share Across Various Regions
    4.3 Data Quality Tools Market: By Vertical and Region
    4.4 Lifecycle Analysis, By Region, 2017

5 Market Overview and Industry Trends (Page No. - 34)
    5.1 Market Overview
           5.1.1 Introduction
           5.1.2 Market Dynamics
                    5.1.2.1 Drivers
                               5.1.2.1.1 Increasing Volume of Business Data
                               5.1.2.1.2 Need for Improving Bottom-Line Performance Through Better Customer Engagement
                               5.1.2.1.3 Increasing Use of External Data Sources
                               5.1.2.1.4 Increasing Regulatory Pressure and Risk to Brand Reputation
                    5.1.2.2 Restraints
                               5.1.2.2.1 Lack of Awareness
                    5.1.2.3 Opportunities
                               5.1.2.3.1 Rise of Artificial Intelligence for Data Quality
                    5.1.2.4 Challenges
                               5.1.2.4.1 Complex Data Structures
                               5.1.2.4.2 Integration Affecting Data Timeliness
    5.2 Industry Trends
           5.2.1 Technology Overview
                    5.2.1.1 Normalization Tools
                    5.2.1.2 Statistical Tools
                    5.2.1.3 ETL Tools
           5.2.2 Data Quality Tools—Use Cases
                    5.2.2.1 Use Case #1
                    5.2.2.2 Use Case #2
                    5.2.2.3 Use Case #3
                    5.2.2.4 Use Case #4
                    5.2.2.5 Use Case #5
           5.2.3 Data Quality Activities

6 Data Quality Tools Market Analysis, By Data Type (Page No. - 43)
    6.1 Introduction
    6.2 Customer Data
    6.3 Product Data
    6.4 Financial Data
    6.5 Compliance Data
    6.6 Supplier Data

7 Data Quality Tools Market Analysis, By Business Function (Page No. - 48)
    7.1 Introduction
    7.2 Marketing
    7.3 Sales
    7.4 Finance
    7.5 Legal
    7.6 Operations
    7.7 Human Resources

8 Data Quality Tools Market Analysis, By Component (Page No. - 55)
    8.1 Introduction
    8.2 Software
    8.3 Services
           8.3.1 Professional Services
                    8.3.1.1 Consulting Services
                    8.3.1.2 Support and Maintenance
                    8.3.1.3 Education and Training
           8.3.2 Managed Services

9 Data Quality Tools Market Analysis, By Deployment Model (Page No. - 62)
    9.1 Introduction
    9.2 On-Premises
    9.3 On-Demand

10 Data Quality Tools Market Analysis, By Organization Size (Page No. - 66)
     10.1 Introduction
     10.2 Large Enterprises
     10.3 Small and Medium-Sized Enterprises

11 Data Quality Tools Market Analysis, By Vertical (Page No. - 70)
     11.1 Introduction
     11.2 Banking, Financial Services, and Insurance
     11.3 Telecommunications and IT
     11.4 Retail and Ecommerce
     11.5 Healthcare and Life Sciences
     11.6 Manufacturing
     11.7 Government
     11.8 Energy and Utilities
     11.9 Media and Entertainment
     11.10 Others

12 Geographic Analysis (Page No. - 80)
     12.1 Introduction
     12.2 North America
     12.3 Europe
     12.4 Asia Pacific
     12.5 Middle East and Africa
     12.6 Latin America

13 Competitive Landscape (Page No. - 102)
     13.1 Microquadrant Overview
             13.1.1 Visionary Leaders
             13.1.2 Innovators
             13.1.3 Dynamic Differentiators
             13.1.4 Emerging Companies
     13.2 Competitive Benchmarking
             13.2.1 Strength of Product Portfolio Adopted By Major Players in the Market
             13.2.2 Business Strategy Excellence Adopted By Major Players in the Market

14 Company Profiles (Page No. - 106)
Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships
     14.1 International Business Machines Corporation
     14.2 Informatica
     14.3 Oracle Corporation
     14.4 SAP SE
     14.5 SAS Institute Inc.
     14.6 Talend
     14.7 Experian PLC
     14.8 Information Builders
     14.9 Microsoft Corporation
     14.10 Pitney Bowes Inc.
     14.11 Syncsort
     14.12 Tamr
     14.13 Trianz

*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 144)
     15.1 Key Insights
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Introducing RT: Real-Time Market Intelligence
     15.5 Available Customization
     15.6 Related Reports
     15.8 Author Details


List of Tables (76 Tables)

Table 1 United States Dollar Exchange Rate, 2014–2016
Table 2 Evaluation Criteria
Table 3 Data Quality Tools Market Size, By Data Type, 2015–2022 (USD Million)
Table 4 Customer Data: Market Size, By Region, 2015–2022 (USD Million)
Table 5 Product Data: Market Size, By Region, 2015–2022 (USD Million)
Table 6 Financial Data: Market Size, By Region, 2015–2022 (USD Million)
Table 7 Compliance Data: Market Size, By Region, 2015–2022 (USD Million)
Table 8 Supplier Data: Market Size, By Region, 2015–2022 (USD Million)
Table 9 Data Quality Tools Market Size, By Business Function, 2015–2022 (USD Million)
Table 10 Marketing: Market Size, By Region, 2015–2022 (USD Million)
Table 11 Sales: Market Size, By Region, 2015–2022 (USD Million)
Table 12 Finance: Market Size, By Region, 2015–2022 (USD Million)
Table 13 Legal: Market Size, By Region, 2015–2022 (USD Million)
Table 14 Operations: Market Size, By Region, 2015–2022 (USD Million)
Table 15 Human Resources: Market Size, By Region, 2015–2022 (USD Million)
Table 16 Data Quality Tools Market Size, By Component, 2015–2022 (USD Million)
Table 17 Market Size, By Service, 2015–2022 (USD Million)
Table 18 Market Size, By Professional Service, 2015–2022 (USD Million)
Table 19 Professional Services: Market Size, By Region, 2015–2022 (USD Million)
Table 20 Consulting Services Market Size, By Region, 2015–2022 (USD Million)
Table 21 Support and Maintenance Services Market Size, By Region, 2015–2022 (USD Million)
Table 22 Education and Training Market Size, By Region, 2015–2022 (USD Million)
Table 23 Managed Services: Market Size, By Region, 2015–2022 (USD Million)
Table 24 Data Quality Tools Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 25 On-Premises: Market Size, By Region, 2015–2022 (USD Million)
Table 26 On-Demand: Market Size, By Region, 2015–2022 (USD Million)
Table 27 Data Quality Tools Market Size, By Organization Size, 2015–2022 (USD Million)
Table 28 Large Enterprises: Market Size, By Region, 2015–2022 (USD Million)
Table 29 Small and Medium-Sized Enterprises: Market Size, By Region, 2015–2022 (USD Million)
Table 30 Data Quality Tools Market Size, By Vertical, 2015–2022 (USD Million)
Table 31 Banking, Financial Services, and Insurance: Market Size, By Region, 2015–2022 (USD Million)
Table 32 Telecommunications and IT: Market Size, By Region, 2015–2022 (USD Million)
Table 33 Retail and Ecommerce: Market Size, By Region, 2015–2022 (USD Million)
Table 34 Healthcare and Life Sciences: Market Size, By Region, 2015–2022 (USD Million)
Table 35 Manufacturing: Market Size, By Region, 2015–2022 (USD Million)
Table 36 Government: Market Size, By Region, 2015–2022 (USD Million)
Table 37 Energy and Utilities: Market Size, By Region, 2015–2022 (USD Million)
Table 38 Media and Entertainment: Market Size, By Region, 2015–2022 (USD Million)
Table 39 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 40 Data Quality Tools Market Size, By Region, 2015–2022 (USD Billion)
Table 41 North America: Data Quality Tools Market Size, By Vertical, 2015–2022 (USD Million)
Table 42 North America: Market Size, By Component, 2015–2022 (USD Million)
Table 43 North America: Market Size, By Service, 2015–2022 (USD Million)
Table 44 North America: Market Size, By Data Type, 2015–2022 (USD Million)
Table 45 North America: Market Size, By Business Function, 2015–2022 (USD Million)
Table 46 North America: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 47 North America: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 48 Europe: Data Quality Tools Market Size, By Vertical, 2015–2022 (USD Million)
Table 49 Europe: Market Size, By Component, 2015–2022 (USD Million)
Table 50 Europe: Market Size, By Service, 2015–2022 (USD Million)
Table 51 Europe: Market Size, By Data Type, 2015–2022 (USD Million)
Table 52 Europe: Market Size, By Business Function, 2015–2022 (USD Million)
Table 53 Europe: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 54 Europe: Market Size, By Organization Size , 2015–2022 (USD Million)
Table 55 Asia Pacific: Data Quality Tools Market Size, By Vertical, 2015–2022 (USD Million)
Table 56 Asia Pacific: Market Size, By Component, 2015–2022 (USD Million)
Table 57 Asia Pacific: Market Size, By Service, 2015–2022 (USD Million)
Table 58 Asia Pacific: Market Size, By Data Type, 2015–2022 (USD Million)
Table 59 Asia Pacific: Market Size, By Business Function, 2015–2022 (USD Million)
Table 60 Asia Pacific: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 61 Asia Pacific: Market Size, By Organization Size , 2015–2022 (USD Million)
Table 62 Middle East and Africa: Data Quality Tools Market Size, By Vertical, 2015–2022 (USD Million)
Table 63 Middle East and Africa: Market Size, By Component, 2015–2022 (USD Million)
Table 64 Middle East and Africa: Market Size, By Service, 2015–2022 (USD Million)
Table 65 Middle East and Africa: Market Size, By Business Function, 2015–2022 (USD Million)
Table 67 Middle East and Africa: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 68 Middle East and Africa: Market Size, By Organization Size , 2015–2022 (USD Million)
Table 69 Latin America: Data Quality Tools Market Size, By Vertical, 2015–2022 (USD Million)
Table 70 Latin America: Market Size, By Component, 2015–2022 (USD Million)
Table 71 Latin America: Market Size, By Service, 2015–2022 (USD Million)
Table 72 Latin America: Market Size, By Data Type, 2015–2022 (USD Million)
Table 73 Latin America: Market Size, By Business Function, 2015–2022 (USD Million)
Table 74 Latin America: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 75 Latin America: Market Size, By Organization Size , 2015–2022 (USD Million)
Table 76 Market Ranking for the Data Quality Tools Market, 2017


List of Figures (39 Figures)

Figure 1 Data Quality Tools Market: Market Segmentation
Figure 2 Regional Scope
Figure 3 Data Quality Tools Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 5 Data Triangulation
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Data Quality Tools Market: Assumptions
Figure 9 Market: Evolution
Figure 10 Market is Expected to Witness A Significant Growth During the Forecast Period
Figure 11 Market Snapshot, By Data Type (2017–2022)
Figure 12 Market Snapshot, By Business Function (2017–2022)
Figure 13 Market Snapshot, By Component (2017 vs 2022)
Figure 14 Market Snapshot, By Deployment Model (2017–2022)
Figure 15 Market Snapshot, By Organization Size (2017–2022)
Figure 16 Market Snapshot, By Vertical (2017 vs 2022)
Figure 17 Increasing Volume of Business Data is Expected to Drive the Market During the Forecast Period
Figure 18 North America is Expected to Dominate the Global Market in 2017
Figure 19 Banking, Financial Services, and Insurance, and North America are Expected to Have the Largest Market Share in 2017
Figure 20 Asia Pacific is Expected to Enter the Exponential Growth Phase During the Forecast Period
Figure 21 Data Quality Tools Market: Drivers, Restraints, Opportunities, and Challenges
Figure 22 Compliance Data Type is Expected to Have the Largest Market Size During the Forecast Period
Figure 23 Finance Business Function is Expected to Have the Largest Market Size in 2017
Figure 24 Software Component is Estimated to Have the Larger Market Size in 2017
Figure 25 On-Premises Deployment Model is Expected to Have the Larger Market Size During the Forecast Period
Figure 26 Large Enterprises Segment is Expected to Have the Larger Market Size During the Forecast Period
Figure 27 Banking, Financial Services, and Insurance Vertical is Expected to Have the Largest Market Size During the Forecast Period
Figure 28 North America is Expected to Have the Largest Market Size in the Market During the Forecast Period
Figure 29 North America: Market Snapshot
Figure 30 Asia Pacific: Market Snapshot
Figure 31 Data Quality Tools Market (Global), Competitive Leadership Mapping, 2017
Figure 32 International Business Machines Corporation: Company Snapshot
Figure 33 Oracle Corporation: Company Snapshot
Figure 34 SAP SE: Company Snapshot
Figure 35 SAS Institute Inc.: Company Snapshot
Figure 36 Talend: Company Snapshot
Figure 37 Experian PLC: Company Snapshot
Figure 38 Microsoft Corporation: Company Snapshot
Figure 39 Pitney Bowes Inc.: Company Snapshot

The data quality tools market is expected to grow from USD 610.2 Million in 2017 to USD 1,376.7 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 17.7%. The increasing volume of business data and the need for improving the bottom-line performance through better customer engagement are some of the key drivers of this market.

The report provides detailed insights into the global market, which is segmented on the basis of data types, business functions, components, deployment models, organization sizes, verticals, and regions. In the data quality tools market by data type, the compliance data in the data type segment is expected to hold the largest market share during the forecast period. The increasing regulatory pressures in all the verticals, especially the data-centric verticals, such as Banking, Financial Services, and Insurance (BFSI), healthcare, and IT and telecommunications has all leveraged the significant growth of data.

The on-premises deployment model has a high adoption rate as compared to the on-demand deployment model. The on-premises deployment model provides confidentiality and privacy parameters to the organizational data; hence, most of the organizations are adopting the on-premises deployment model.

The BFSI vertical is expected to have the largest market size during the forecast period. The sheer generation of data around this vertical, supplemented with global regulations, such as Basel III, Dodd Frank, Markets in Financial Instruments Directive (MiFID) EU Solvency II, and Volker rule in the regions of Europe and North America have all contributed to the significant adoption of data quality tools and services. Moreover, data quality tools also play a crucial role in the BFSI vertical, where functions, such as data profiling, data cleansing, and data de- duplication are comprehensively used to gain a wider control of the business and achieve a competitive advantage in the market.

Data Quality Tools Market

The report covers all the major aspects of the data quality tools market and provides an in-depth analysis across the regions of North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The market in North America is expected to hold the largest market share, whereas the APAC region is projected to provide significant opportunities in this market and expected to grow at the highest CAGR during the forecast period.

Data quality tools are gaining a wide momentum in enterprises as organizations have finally waken up to extract meaningful insights from a pool of data generated within their multiple systems. The exponential growth of big data with the proliferation of Internet of Things (IoT) devices is expected to have significantly fueled the need of efficient data quality tools that would be instrumental in funneling down the data needed to analyze and take decisions. The data quality tools market encompasses many players, such as Microsoft Corporation, SAP SE, and SAS Institute, Inc., who have adopted numerous growth strategies, such as mergers and acquisitions, new product launches, and business expansions to enhance their market share. The companies are increasingly deploying both organic as well as inorganic strategies to drive their growth in the burgeoning market. The North American region is touted as the largest adopter of data quality tools and services owing to the massive research happening in and around numerous verticals. Numerous case studies in telecommunication, healthcare, retail, and manufacturing are a testament to the fact that data quality tools would be adopted substantially in the region. Moreover, North America’s overall Gross Domestic Product (GDP) continues to grow with a strong hold in the telecom, healthcare, and manufacturing sectors. The implementation of quality tools and services is expected to reach new trajectories.

The lack of awareness is a major restraining factor for the growth of the data quality tools market. Complex data structures and data timeliness are the challenges in adopting data quality tools and services.

Most of the vendors have adopted acquisitions, agreements, collaborations and partnerships, new product launches, product upgradations, and expansions as their key strategies to expand their client base and enhance the customer experience. For instance, in May 2017, Informatica updated Informatica Intelligent Cloud Services, the advanced Integration Platform as a Service (IPaaS), which would be available for end-to-end enterprise cloud data management. The update comes with next-generation user experience, based on a modern Application Program Interface (API)-based micro services architecture. The strategy of new product launch has also been adopted by the top players to enhance their presence and dominance in this market. For example, in March 2017, Trillium Software, a Syncsort company, launched Trillium Precise, a data as a service solution that offers a single view of customers, enabling accurate, verified, and complete data in real time.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit http://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports



Access reports on all high
growth Analytics Markets on KnowledgeStore
Request Demo