Data Wrangling Market Size to Reach US$ 6.5 Billion by 2028 | Industry CAGR of 16.6%
The global data wrangling market size reach US$ 6.5 Billion by 2028, exhibiting a growth rate (CAGR) of 16.6% during 2023-2028.
NY 11249, BROOKLYN, UNITED STATES, July 12, 2023/EINPresswire.com/ — IMARC Group, a leading market research company, has recently releases report titled, “Data Wrangling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“ The study provides a detailed analysis of the industry, including the global data wrangling market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the data wrangling market?
The global data wrangling market size reached US$ 2.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.5 Billion by 2028, exhibiting a growth rate (CAGR) of 16.6% during 2023-2028.
What is data wrangling?
Data wrangling involves transforming and organizing unstructured data into a meaningful format that can be used for analytics. It includes the cleaning, restructuring, and enriching of raw data using advanced algorithms for efficient data visualization and aggregation. The processed data is further employed for modern applications, including machine learning (ML), artificial intelligence (AI), and data analytics. Data wrangling solutions can be deployed on-premises or on the cloud and can also be leveraged to optimize various business functions across industries, such as finance, marketing, sales, operations, and human resources (HR). As a result, data wrangling finds extensive applications in different sectors, including BFSI, healthcare, retail, media, manufacturing, and information and technology (IT) across the globe.
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What are the growth prospects and trends in the data wrangling industry?
The global data wrangling market is primarily driven by the increasing demand for effective tools and software for data processing and cleaning. Moreover, the escalating need for data-wrangling solutions due to rising concerns regarding data veracity among consumers is positively influencing market growth. Additionally, the surging use of data wrangling by businesses to filter low-quality data, visualize distributions and inconsistencies, and enhance organizational processes has catalyzed market growth. Furthermore, numerous technological advancements, such as the widespread deployment of big data and edge computing solutions, are contributing to the market growth. Other factors, including ongoing research and development (R&D) activities, increasing investments in the upgradation of IT infrastructure, and rapid digitization, are also anticipated to propel the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component:
Solution
Service
Breakup by Deployment Mode:
On-premises
Cloud-based
Breakup by Organization Size:
Large Enterprises
Small and Medium Enterprises
Breakup by Business Function:
Finance
Marketing and Sales
Operations
Human Resources
Breakup by Industry Vertical:
BFSI
Government and Public Sector
Healthcare and Life Science
Retail and E-commerce
Media and Entertainment
IT and Telecom
Manufacturing
Others
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
ALTERYX INC.
Altair Engineering Inc.
Hitachi Vantara Corporation
Impetus Technologies Inc.
International Business Machines Corporation
Oracle Corporation
SAS Institute Inc.
Teradata Corporation
TIBCO Software Inc
Trifacta Software Inc.
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