Global Data Preparation Market Market Size
The data preparation market was valued at US$ 6.5 billion in 2024 and is projected to grow at a compound annual growth rate of 17.4% to reach US$ 32.3 billion by 2034.
The data preparation market is the process of gathering, organizing, and combining data into a single file or data table, primarily for analysis purposes. This process can only be fully automated if it requires many diverse tasks. Numerous tasks involved in data preparation are laborious, tedious, and time-consuming. By improving the data quality, data preparation also enhances the quality of the data mining outputs. It can be used in various industries, including manufacturing, energy and utilities, banking, insurance, financial services, government, healthcare, retail, e-commerce, transportation, IT, and telecommunication.