Data Preparation Tools Market to Signify Strong Growth by 2023-2030
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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•
The market number available for – 2022-2030
•
Base year- 2022
•
Forecast period- 2024-2030
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
A full Report of Data Preparation Tools Market is
Available @ https://www.omrglobal.com/industry-reports/data-preparation-tools-market
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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