Data wrangling is receiving high momentum across the world. The roll-out of data wrangling tools to combat cyber threats is paving the path for market growth. Growing emphasis on data protection laws by government authorities in countries, such as the UK, the US, Germany, and Singapore, is propelling the adoption rate of data wrangling. Moreover, integrating sophisticated technologies, such as machine learning (ML) and artificial intelligence (AI), into data wrangling tools accelerates the entire business’s output and productivity. The companies incorporate AI and ML to automatically analyze sensitive data behavior while improving security measures to prevent a data breach and data loss. The managers can rapidly measure the outcomes and develop a quick feedback loop with near-real-time data collection. Benefit of integrating AI and ML will help in boosting the penetration of data wrangling across the world.
Paxata, Inc, Tibco Software Inc, Tmmdata, Trifacta, Altair – Prominent Market Participants in Data Wrangling Market
The global data wrangling market has been segmented into five major regions: North America, Europe, APAC, MEA, and SAM. North America holds the dominant share in the data wrangling market, whereas APAC is expected to be the fastest-growing region in the global market. In the North America region, development of advanced technologies for integrating AI and ML into business processes will assist in promoting the scope of data wrangling. Another factor stimulating the extent of data protection in the region is the establishment of Health Insurance Portability and Accountability Act (HIPAA) in the US. The requirement for data wrangling is increased by the mandatory environment to comply with these rules and protect massive data while classifying it into different tabs for a quick decision. This aspect would contribute towards the market growth.
The top five companies in the data wrangling market include Paxata, Inc, Tibco Software Inc, Tmmdata, Trifacta, and Altair. The above listing of key players is derived by considering multiple factors such as overall revenue, current data wrangling system portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. There are various other notable players in the global data wrangling market ecosystem such as Brillio, Oracle Corporation, SAS Institute Inc, and Ideata Analytics among others.
Most of the market initiatives were observed in North America and Europe region, which have a high potential for data wrangling market growth. Few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Region |
| 2020 | Altair, (Nasdaq: ALTR) acquired M-Base Engineering + Software GmbH. The acquisition of M-Base will allow Altair to offer the most comprehensive, high-fidelity plastics database available on the market, which will directly connect with Altair’s powerful solvers. | North America |
| 2019 | Trifacta, the global leader in data wrangling, declared that it has secured $100 million in financing. This round of funding welcomed new investors, including Telstra Ventures, Energy Impact Partners, NTT DOCOMO Ventures, BMW iVentures and ABN AMRO Digital Impact Fund. | North America |
| 2020 | Intelligent Energy, the UK data wrangling engineering company, is supplying MBR Global (MBRG), which will implement a micro-grid to supply power to two remote villages in Malaysia, with its zero emission data wrangling products for deployment. | Europe |
| 2019 | DataRobot, acquired Paxata, the pioneer of self-service data preparation and leading data fabric provider, to fulfill its mission to build the world’s first automated end-to-end enterprise AI platform. | North America |
