Overview
Data Wrangling market size is
forecast to reach $4.74 billion by 2025, after growing at a CAGR of 19.5% during
2020-2025. Data wrangling is primarily preferred to transform and map data into
a valuable analytical insight by using advanced analytics algorithms. This
process is popularly known as data
munging. This deals with the data visualization, and data aggregation. Rising
prevalence of analytics driving the usage of data wrangling tools across
multiple verticals, not only to filter out unwanted data but also to
standardize the data which would be efficiently used for AI and ML algorithms,
thereby aiding to provide the best insights. The increase in the acceptance of
IoT devices along with growing smart cities, worldwide impacts the global data
wrangling market revenue during the forecast period.
Report Coverage
The “Data Wrangling Market Report – Forecast (2020-2025)”, by IndustryARC,
covers an in-depth analysis of the following segments of the Data Wrangling Market.
Key Takeaways
- North America dominates the data wrangling market owing to an increasing number of agreement and partnership strategies by big data analytics solution providers along with the rising implementation of digital technologies to introduce advanced data model in this region.
- Data wrangling has become the choice of business analysts to reduce the time taken to collect, organize and wrangle the data and to increase the focus on analyzing the data in order to make effective decisions which will increase the market demand for data wrangling in the near future.
- The growing popularity of data wrangling tools across large enterprises to analyze ideal data among the datasets is likely to aid in the market growth of data wrangling.
Business Function - Segment Analysis
Finance business function segment
held the largest share in the data wrangling market as of 2018. This business
function needs analytics to determine risk factors, increase business
processes, invest judiciously, access profitability, identify target customers,
and predict future events. Thus, the data wrangling tool utilization propel the
power of analytics mainly in finance business function. Besides, the analytics software assists to
improve client relations, driving revenue, meeting regulatory obligations,
managing risks, streamlining back-office processes, and emerging high-quality
products & services. Therefore, the
extensive necessity and use of data wrangling in the finance business is burgeoning
the growth of the global data wrangling market.
Organization Size - Segment Analysis
North America dominated the data wrangling market with a
share of more than 35%, followed by Europe and APAC. This region is
elevating as the
largest contributor specifically, related to the adoption of data wrangling
tools and services. This is because of the presence and operations of some
major vendors of data analytics and data wrangling tools, namely IBM, Hitchi
Vantara, Trifacta, SAS, and Oracle in this region. Furthermore, the growing
number of agreement and partnership strategies are indicating the rise in the adoption
rate of digital technologies in this region.
Drivers – Data Wrangling Industry Outlook
· Growing demand for advanced analytical algorithm – “data wrangling” to pick up valid insights to further improve business entity at multiple industry verticals
Multifunctional data wrangling tool is an effective method to examine the user performance, for far-reaching analytical solutions, to identify the log pattern and also the root cause of equipment failure efficiently. Moreover, it offers a self-service data preparation model and supports the organizations to clean the data sets and avoid the need for a data scientist. Thus, this feature of data wrangling is attracting the executives in the organization to gather business insights by analyzing both structured and unstructured data without the intervention of IT teams.
· Rapid pace of data generation and technological advancements in machine learning and AI are boosting the data wrangling
Data wrangling implementation has resulted in improved work efficiency that plays a crucial role in widening the scope for business. In addition to this, increasing regulatory pressure along with the growth in edge computing are providing significant number of opportunities for analytics solution providers during the forecast period.
Challenges – Data Wrangling Industry
· Time-Intensive
nature of data wrangling is a challenge
The detailed structure nature of the process including
analysis base table, de-normalized transactions, time series and document
library, which is consuming overtime in producing analytical data sets. Added
workload, shifting priorities are some of the challenges that arise during the
implementation of data wrangling. Thus, all these factors together diminishing
the growth of the data wrangling market.
Market Landscape
Acquisitions, Product launches, and R&D activities
are key strategies adopted by players in the data wrangling market to stand
ahead of the curve in the data wrangling market share. In 2018, the market of data
wrangling has been consolidated by the top five players accounting for 32% of
the share. Alteryx, Dataiku, Hitachi Vantara, IBM, Informatica, Oracle, Paxata,
Trifacta, TIBCO Software, and Talend are the data wrangling top 10 companies.
Acquisitions/Product Launches
Ø In
January 2018, Datawatch Corporation signed an agreement of acquisition with Angoss
Software Corporation for an amount of $24.5 million. This acquisition will enhance
the capabilities of Datawatch’s Monarch data intelligence offering which
supports data scientists to perform predictive and prescriptive analytics for varied
enterprise applications.
Ø In
July 2018, Trifacta announced that the increasing usage of wrangler products is
visible at financial services organizations to address compliance initiatives
which include CCAR, AML, and BCBS 239. This also indicates the growth of the
company especially, in the financial services industry by optimizing analytics
and operational use cases.
LIST OF TABLES
1.Global Data Wrangling Market By Business Function Market 2019-2024 ($M)1.1 Finance Market 2019-2024 ($M) - Global Industry Research
1.2 Marketing & Sales Market 2019-2024 ($M) - Global Industry Research
1.3 Operations Market 2019-2024 ($M) - Global Industry Research
1.4 Human Resources Market 2019-2024 ($M) - Global Industry Research
1.5 Legal Market 2019-2024 ($M) - Global Industry Research
2.Global Data Wrangling Market By Component Market 2019-2024 ($M)
2.1 Tools Market 2019-2024 ($M) - Global Industry Research
2.2 Services Market 2019-2024 ($M) - Global Industry Research
2.2.1 Managed Services Market 2019-2024 ($M)
2.2.2 Professional Services Market 2019-2024 ($M)
3.Global Data Wrangling Market By Deployment Model Market 2019-2024 ($M)
3.1 On-Premises Market 2019-2024 ($M) - Global Industry Research
3.2 Cloud Market 2019-2024 ($M) - Global Industry Research
4.Global Data Wrangling Market By Organization Size Market 2019-2024 ($M)
4.1 Large Enterprises Market 2019-2024 ($M) - Global Industry Research
4.2 Small & Medium-Sized Enterprises Market 2019-2024 ($M) - Global Industry Research
5.Global Data Wrangling Market By Industry Vertical Market 2019-2024 ($M)
5.1 Government & Public Sector Market 2019-2024 ($M) - Global Industry Research
5.2 Healthcare & Life Sciences Market 2019-2024 ($M) - Global Industry Research
5.3 Retail & Ecommerce Market 2019-2024 ($M) - Global Industry Research
5.4 Travel & Hospitality Market 2019-2024 ($M) - Global Industry Research
5.5 Automotive & Transportation Market 2019-2024 ($M) - Global Industry Research
5.6 Energy & Utilities Market 2019-2024 ($M) - Global Industry Research
5.7 Telecommunication & IT Market 2019-2024 ($M) - Global Industry Research
5.8 Manufacturing Market 2019-2024 ($M) - Global Industry Research
6.Global Data Wrangling Market By Business Function Market 2019-2024 (Volume/Units)
6.1 Finance Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Marketing & Sales Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 Operations Market 2019-2024 (Volume/Units) - Global Industry Research
6.4 Human Resources Market 2019-2024 (Volume/Units) - Global Industry Research
6.5 Legal Market 2019-2024 (Volume/Units) - Global Industry Research
7.Global Data Wrangling Market By Component Market 2019-2024 (Volume/Units)
7.1 Tools Market 2019-2024 (Volume/Units) - Global Industry Research
7.2 Services Market 2019-2024 (Volume/Units) - Global Industry Research
7.2.1 Managed Services Market 2019-2024 (Volume/Units)
7.2.2 Professional Services Market 2019-2024 (Volume/Units)
8.Global Data Wrangling Market By Deployment Model Market 2019-2024 (Volume/Units)
8.1 On-Premises Market 2019-2024 (Volume/Units) - Global Industry Research
8.2 Cloud Market 2019-2024 (Volume/Units) - Global Industry Research
9.Global Data Wrangling Market By Organization Size Market 2019-2024 (Volume/Units)
9.1 Large Enterprises Market 2019-2024 (Volume/Units) - Global Industry Research
9.2 Small & Medium-Sized Enterprises Market 2019-2024 (Volume/Units) - Global Industry Research
10.Global Data Wrangling Market By Industry Vertical Market 2019-2024 (Volume/Units)
10.1 Government & Public Sector Market 2019-2024 (Volume/Units) - Global Industry Research
10.2 Healthcare & Life Sciences Market 2019-2024 (Volume/Units) - Global Industry Research
10.3 Retail & Ecommerce Market 2019-2024 (Volume/Units) - Global Industry Research
10.4 Travel & Hospitality Market 2019-2024 (Volume/Units) - Global Industry Research
10.5 Automotive & Transportation Market 2019-2024 (Volume/Units) - Global Industry Research
10.6 Energy & Utilities Market 2019-2024 (Volume/Units) - Global Industry Research
10.7 Telecommunication & IT Market 2019-2024 (Volume/Units) - Global Industry Research
10.8 Manufacturing Market 2019-2024 (Volume/Units) - Global Industry Research
11.North America Data Wrangling Market By Business Function Market 2019-2024 ($M)
11.1 Finance Market 2019-2024 ($M) - Regional Industry Research
11.2 Marketing & Sales Market 2019-2024 ($M) - Regional Industry Research
11.3 Operations Market 2019-2024 ($M) - Regional Industry Research
11.4 Human Resources Market 2019-2024 ($M) - Regional Industry Research
11.5 Legal Market 2019-2024 ($M) - Regional Industry Research
12.North America Data Wrangling Market By Component Market 2019-2024 ($M)
12.1 Tools Market 2019-2024 ($M) - Regional Industry Research
12.2 Services Market 2019-2024 ($M) - Regional Industry Research
12.2.1 Managed Services Market 2019-2024 ($M)
12.2.2 Professional Services Market 2019-2024 ($M)
13.North America Data Wrangling Market By Deployment Model Market 2019-2024 ($M)
13.1 On-Premises Market 2019-2024 ($M) - Regional Industry Research
13.2 Cloud Market 2019-2024 ($M) - Regional Industry Research
14.North America Data Wrangling Market By Organization Size Market 2019-2024 ($M)
14.1 Large Enterprises Market 2019-2024 ($M) - Regional Industry Research
14.2 Small & Medium-Sized Enterprises Market 2019-2024 ($M) - Regional Industry Research
15.North America Data Wrangling Market By Industry Vertical Market 2019-2024 ($M)
15.1 Government & Public Sector Market 2019-2024 ($M) - Regional Industry Research
15.2 Healthcare & Life Sciences Market 2019-2024 ($M) - Regional Industry Research
15.3 Retail & Ecommerce Market 2019-2024 ($M) - Regional Industry Research
15.4 Travel & Hospitality Market 2019-2024 ($M) - Regional Industry Research
15.5 Automotive & Transportation Market 2019-2024 ($M) - Regional Industry Research
15.6 Energy & Utilities Market 2019-2024 ($M) - Regional Industry Research
15.7 Telecommunication & IT Market 2019-2024 ($M) - Regional Industry Research
15.8 Manufacturing Market 2019-2024 ($M) - Regional Industry Research
16.South America Data Wrangling Market By Business Function Market 2019-2024 ($M)
16.1 Finance Market 2019-2024 ($M) - Regional Industry Research
16.2 Marketing & Sales Market 2019-2024 ($M) - Regional Industry Research
16.3 Operations Market 2019-2024 ($M) - Regional Industry Research
16.4 Human Resources Market 2019-2024 ($M) - Regional Industry Research
16.5 Legal Market 2019-2024 ($M) - Regional Industry Research
17.South America Data Wrangling Market By Component Market 2019-2024 ($M)
17.1 Tools Market 2019-2024 ($M) - Regional Industry Research
17.2 Services Market 2019-2024 ($M) - Regional Industry Research
17.2.1 Managed Services Market 2019-2024 ($M)
17.2.2 Professional Services Market 2019-2024 ($M)
18.South America Data Wrangling Market By Deployment Model Market 2019-2024 ($M)
18.1 On-Premises Market 2019-2024 ($M) - Regional Industry Research
18.2 Cloud Market 2019-2024 ($M) - Regional Industry Research
19.South America Data Wrangling Market By Organization Size Market 2019-2024 ($M)
19.1 Large Enterprises Market 2019-2024 ($M) - Regional Industry Research
19.2 Small & Medium-Sized Enterprises Market 2019-2024 ($M) - Regional Industry Research
20.South America Data Wrangling Market By Industry Vertical Market 2019-2024 ($M)
20.1 Government & Public Sector Market 2019-2024 ($M) - Regional Industry Research
20.2 Healthcare & Life Sciences Market 2019-2024 ($M) - Regional Industry Research
20.3 Retail & Ecommerce Market 2019-2024 ($M) - Regional Industry Research
20.4 Travel & Hospitality Market 2019-2024 ($M) - Regional Industry Research
20.5 Automotive & Transportation Market 2019-2024 ($M) - Regional Industry Research
20.6 Energy & Utilities Market 2019-2024 ($M) - Regional Industry Research
20.7 Telecommunication & IT Market 2019-2024 ($M) - Regional Industry Research
20.8 Manufacturing Market 2019-2024 ($M) - Regional Industry Research
21.Europe Data Wrangling Market By Business Function Market 2019-2024 ($M)
21.1 Finance Market 2019-2024 ($M) - Regional Industry Research
21.2 Marketing & Sales Market 2019-2024 ($M) - Regional Industry Research
21.3 Operations Market 2019-2024 ($M) - Regional Industry Research
21.4 Human Resources Market 2019-2024 ($M) - Regional Industry Research
21.5 Legal Market 2019-2024 ($M) - Regional Industry Research
22.Europe Data Wrangling Market By Component Market 2019-2024 ($M)
22.1 Tools Market 2019-2024 ($M) - Regional Industry Research
22.2 Services Market 2019-2024 ($M) - Regional Industry Research
22.2.1 Managed Services Market 2019-2024 ($M)
22.2.2 Professional Services Market 2019-2024 ($M)
23.Europe Data Wrangling Market By Deployment Model Market 2019-2024 ($M)
23.1 On-Premises Market 2019-2024 ($M) - Regional Industry Research
23.2 Cloud Market 2019-2024 ($M) - Regional Industry Research
24.Europe Data Wrangling Market By Organization Size Market 2019-2024 ($M)
24.1 Large Enterprises Market 2019-2024 ($M) - Regional Industry Research
24.2 Small & Medium-Sized Enterprises Market 2019-2024 ($M) - Regional Industry Research
25.Europe Data Wrangling Market By Industry Vertical Market 2019-2024 ($M)
25.1 Government & Public Sector Market 2019-2024 ($M) - Regional Industry Research
25.2 Healthcare & Life Sciences Market 2019-2024 ($M) - Regional Industry Research
25.3 Retail & Ecommerce Market 2019-2024 ($M) - Regional Industry Research
25.4 Travel & Hospitality Market 2019-2024 ($M) - Regional Industry Research
25.5 Automotive & Transportation Market 2019-2024 ($M) - Regional Industry Research
25.6 Energy & Utilities Market 2019-2024 ($M) - Regional Industry Research
25.7 Telecommunication & IT Market 2019-2024 ($M) - Regional Industry Research
25.8 Manufacturing Market 2019-2024 ($M) - Regional Industry Research
26.APAC Data Wrangling Market By Business Function Market 2019-2024 ($M)
26.1 Finance Market 2019-2024 ($M) - Regional Industry Research
26.2 Marketing & Sales Market 2019-2024 ($M) - Regional Industry Research
26.3 Operations Market 2019-2024 ($M) - Regional Industry Research
26.4 Human Resources Market 2019-2024 ($M) - Regional Industry Research
26.5 Legal Market 2019-2024 ($M) - Regional Industry Research
27.APAC Data Wrangling Market By Component Market 2019-2024 ($M)
27.1 Tools Market 2019-2024 ($M) - Regional Industry Research
27.2 Services Market 2019-2024 ($M) - Regional Industry Research
27.2.1 Managed Services Market 2019-2024 ($M)
27.2.2 Professional Services Market 2019-2024 ($M)
28.APAC Data Wrangling Market By Deployment Model Market 2019-2024 ($M)
28.1 On-Premises Market 2019-2024 ($M) - Regional Industry Research
28.2 Cloud Market 2019-2024 ($M) - Regional Industry Research
29.APAC Data Wrangling Market By Organization Size Market 2019-2024 ($M)
29.1 Large Enterprises Market 2019-2024 ($M) - Regional Industry Research
29.2 Small & Medium-Sized Enterprises Market 2019-2024 ($M) - Regional Industry Research
30.APAC Data Wrangling Market By Industry Vertical Market 2019-2024 ($M)
30.1 Government & Public Sector Market 2019-2024 ($M) - Regional Industry Research
30.2 Healthcare & Life Sciences Market 2019-2024 ($M) - Regional Industry Research
30.3 Retail & Ecommerce Market 2019-2024 ($M) - Regional Industry Research
30.4 Travel & Hospitality Market 2019-2024 ($M) - Regional Industry Research
30.5 Automotive & Transportation Market 2019-2024 ($M) - Regional Industry Research
30.6 Energy & Utilities Market 2019-2024 ($M) - Regional Industry Research
30.7 Telecommunication & IT Market 2019-2024 ($M) - Regional Industry Research
30.8 Manufacturing Market 2019-2024 ($M) - Regional Industry Research
31.MENA Data Wrangling Market By Business Function Market 2019-2024 ($M)
31.1 Finance Market 2019-2024 ($M) - Regional Industry Research
31.2 Marketing & Sales Market 2019-2024 ($M) - Regional Industry Research
31.3 Operations Market 2019-2024 ($M) - Regional Industry Research
31.4 Human Resources Market 2019-2024 ($M) - Regional Industry Research
31.5 Legal Market 2019-2024 ($M) - Regional Industry Research
32.MENA Data Wrangling Market By Component Market 2019-2024 ($M)
32.1 Tools Market 2019-2024 ($M) - Regional Industry Research
32.2 Services Market 2019-2024 ($M) - Regional Industry Research
32.2.1 Managed Services Market 2019-2024 ($M)
32.2.2 Professional Services Market 2019-2024 ($M)
33.MENA Data Wrangling Market By Deployment Model Market 2019-2024 ($M)
33.1 On-Premises Market 2019-2024 ($M) - Regional Industry Research
33.2 Cloud Market 2019-2024 ($M) - Regional Industry Research
34.MENA Data Wrangling Market By Organization Size Market 2019-2024 ($M)
34.1 Large Enterprises Market 2019-2024 ($M) - Regional Industry Research
34.2 Small & Medium-Sized Enterprises Market 2019-2024 ($M) - Regional Industry Research
35.MENA Data Wrangling Market By Industry Vertical Market 2019-2024 ($M)
35.1 Government & Public Sector Market 2019-2024 ($M) - Regional Industry Research
35.2 Healthcare & Life Sciences Market 2019-2024 ($M) - Regional Industry Research
35.3 Retail & Ecommerce Market 2019-2024 ($M) - Regional Industry Research
35.4 Travel & Hospitality Market 2019-2024 ($M) - Regional Industry Research
35.5 Automotive & Transportation Market 2019-2024 ($M) - Regional Industry Research
35.6 Energy & Utilities Market 2019-2024 ($M) - Regional Industry Research
35.7 Telecommunication & IT Market 2019-2024 ($M) - Regional Industry Research
35.8 Manufacturing Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Data Wrangling Market Revenue, 2019-2024 ($M)2.Canada Data Wrangling Market Revenue, 2019-2024 ($M)
3.Mexico Data Wrangling Market Revenue, 2019-2024 ($M)
4.Brazil Data Wrangling Market Revenue, 2019-2024 ($M)
5.Argentina Data Wrangling Market Revenue, 2019-2024 ($M)
6.Peru Data Wrangling Market Revenue, 2019-2024 ($M)
7.Colombia Data Wrangling Market Revenue, 2019-2024 ($M)
8.Chile Data Wrangling Market Revenue, 2019-2024 ($M)
9.Rest of South America Data Wrangling Market Revenue, 2019-2024 ($M)
10.UK Data Wrangling Market Revenue, 2019-2024 ($M)
11.Germany Data Wrangling Market Revenue, 2019-2024 ($M)
12.France Data Wrangling Market Revenue, 2019-2024 ($M)
13.Italy Data Wrangling Market Revenue, 2019-2024 ($M)
14.Spain Data Wrangling Market Revenue, 2019-2024 ($M)
15.Rest of Europe Data Wrangling Market Revenue, 2019-2024 ($M)
16.China Data Wrangling Market Revenue, 2019-2024 ($M)
17.India Data Wrangling Market Revenue, 2019-2024 ($M)
18.Japan Data Wrangling Market Revenue, 2019-2024 ($M)
19.South Korea Data Wrangling Market Revenue, 2019-2024 ($M)
20.South Africa Data Wrangling Market Revenue, 2019-2024 ($M)
21.North America Data Wrangling By Application
22.South America Data Wrangling By Application
23.Europe Data Wrangling By Application
24.APAC Data Wrangling By Application
25.MENA Data Wrangling By Application
26.IBM, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Oracle, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.SAS Institute, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Trifacta, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Datawatch, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Talend, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Alteryx, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Dataiku, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.TIBCO Software, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Paxata, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Informatica, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Hitachi Vantara, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Teradata, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Brillio, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Onedot, Sales /Revenue, 2015-2018 ($Mn/$Bn)
41.TMMData, Sales /Revenue, 2015-2018 ($Mn/$Bn)
42.Datameer, Sales /Revenue, 2015-2018 ($Mn/$Bn)
43.Cooladata, Sales /Revenue, 2015-2018 ($Mn/$Bn)
44.Unifi Software, Sales /Revenue, 2015-2018 ($Mn/$Bn)
45.Rapid Insight, Sales /Revenue, 2015-2018 ($Mn/$Bn)
46.Infogix, Sales /Revenue, 2015-2018 ($Mn/$Bn)
47.Zaloni, Sales /Revenue, 2015-2018 ($Mn/$Bn)
48.Impetus, Sales /Revenue, 2015-2018 ($Mn/$Bn)
49.Ideata Analytics, Sales /Revenue, 2015-2018 ($Mn/$Bn)