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Data Quality Management Market Segmented By components that is DQM Tools, DQM Services used in Data Profiling, Data Cleansing and Enrichment, Data Migration, Data Monitoring.
In the past years, data quality management has become a key concern for big companies in various activities such as data integration, customer relationship management, and regulatory requirements etc. Many organizations are extracting data from various sources and using it for multiple purposes. Data quality management is difficult as well as crucially important.
Ensuring the quality of data has become very difficult when it integrates data from multiple sources. Data quality management tools are linked to data cleansing tools such as data cleansing, data profiling, data monitoring etc. that helps in eliminating inconsistent data. Many organizations have started using this automated data cleansing and profiling tools that help in eliminating unusable data that is created from human data entry error.
Data quality plays an important role in data analysis as well as in taking decisions whether the data is correct or not. Standardized data quality processes help in accessing and extracting the information easier. Widespread data management capabilities combined with enterprise data quality management tools help organizations to meet organizational goals.
Real-time data standardization helps in increasing adoption of data analytics. This factor resulted in the huge growth of data quality management market.
Complexity in the integration of data from multiple sources is expected to hamper the growth of data quality management market.
Automated data cleansing and profiling tools are the latest tools used in data management which is expected to create opportunities for data quality management market.
Data Quality Management market can be segmented into components, applications, deployment type and industry.
|by deployment type||
Few prominent players in Data Quality Management market include Information Builders, Talend, Microsoft Corporation, Syncsort, IBM Corporation, Pitney Bowes Inc., Informatica, Oracle Corporation, SAP SE, SAS Institute Inc. and Experian PLC.
Presently, North America is expected to dominate the Data Quality Management market owing to technological advancements in data quality management in this region. Data Quality Management market in Europe and Asia Pacific is expected to witness a significant demand over the future owing to increasing demand of management tools by the various organization in order to eliminate inconsistent and unusable data. Latin America and MEA are expected to contribute to significant growth in the coming years.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.