According to the latest report by MarkNtel Advisors, titled “Global Data Quality Tools Market By Deployment (Cloud-based, On-Premise), By Component (Software, Services), By Size of the Organization (Small and Medium Enterprises, Large Enterprises), By End-User (BFSI, Government, Retail and E-commerce, Healthcare, IT & Telecom, Others) and others, The Global Data Quality Tools Market size was valued at USD 2.1 billion in 2022 and is projected to grow at a CAGR of around 18.5% during the forecast period, i.e., 2024-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Base Year: 2023
Forecast Period: 2024-30
Historical Data: 2019-22
CAGR (2024-2030): 18.5%
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Elevating Business Data Production Projecting the Need to Ensure Data Accuracy and Reliability - The ever-increasing volume of data generated across industries has made it extremely crucial to effectively manage the data as businesses rely heavily on data-driven insights for decision-making. The increasing dependence on data necessitates accuracy, consistency, and completeness, resulting in the growing adoption of innovative tools the tech giants offer to control and use data in order to gain actionable insights efficiently. Further, the increasing focus on customer-centric strategies and the significance of accurate customer data for personalized marketing and improved customer experiences have also aided in enhanching the Data Quality Market size in recent years.
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-By End-User
The Healthcare industry is antuicipated to hold the larget market share and is set to witness substantial growth in the forecast years with frequent collaboration and adoption of new tools among healthcare companies.
-By Deployment
-By Size of the Organization
-By Component
-By Region
The APAC region is anticipated to register the fastest growth by holding the potential share of the Data Quality Tools Market through 2030.
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