Data Wrangling Market Outlook and Strategic Insights by 2031

The global data wrangling market size is expected to grow from US$ 3.42 billion in 2023 to US$ 11.37 billion by 2031; it is anticipated to expand at a CAGR of 16.2% from 2024 to 2031. The growing technological advancements such as AI and machine learning technologies are likely to remain a key data wrangling market trends.

Data Wrangling Market Analysis

The rising amount and velocity of data across enterprises is propelling the data wrangling industry forward. Businesses require tools and technology to efficiently analyze and manage increasing amounts of data.

Data Wrangling Market Overview

Data wrangling is the process of preparing and arranging raw data in such a manner that it is simpler to analyze and extract useful insights. It entails cleaning and reformatting data, as well as supplementing it with new information, so that it may be used efficiently for decision-making. Data wrangling simplifies and saves time by translating complicated data sets into a consistent and repeatable format, allowing organizations to make better informed choices with more efficiency.

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Data Wrangling Market: Strategic Insights

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Data Wrangling Market Drivers and Opportunities

Increase in volume and velocity of data to Favor Market

The rising amount and velocity of data across enterprises is propelling the data wrangling industry forward. As organizations create and gather more data, there is a greater demand for tools and technology that can efficiently handle and manage it. The velocity of data relates to how rapidly data is created and moved. With the rise of the Internet of Things (IoT) and other connected devices, data is flowing into organizations at an unprecedented rate and must be processed in a timely manner. Organizations want tools and technology that can handle and analyze data in real time as it is created, allowing them to make more timely choices based on current facts.

Growth of Edge Computing Solutions

Edge computing is a distributed computing platform that connects corporate applications to data sources such as IoT devices or local edge servers. It entails processing data closer to where it was created rather than depending only on centralized data centers or the cloud. This technique has various advantages, including faster insights, faster response times, increased bandwidth availability, and lower latency. The rise of edge computing has aided the expansion of the data wrangling sector. Edge computing creates a lot of data that has to be handled and examined. This increases the demand for data wrangling tools, which are used to clean, manipulate, and prepare data for further analysis.

Data Wrangling Market Report Segmentation Analysis

Key segments that contributed to the derivation of the data wrangling market analysis are component, business function, organization size, and industry vertical.

• Based on component, the market is bifurcated into tools and services. The tools segment held a larger market share in 2023.
• In terms of business function, the market is divided into finance, marketing and sales, operations, human resources, and legal. The finance segment held a larger market share in 2023.
• Based on organization size, the market is bifurcated into SMEs and large enterprise. The large enterprise segment held a larger market share in 2023.
• Based on industry vertical, the market is bifurcated into BFSI, government, healthcare, it and telecom, manufacturing, retail, and others. The BFSI segment held a larger market share in 2023.

Data Wrangling Market Share Analysis by Geography

The geographic scope of the Data Wrangling market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. North America dominated the data wrangling market in 2023. The increasing digitization of businesses and organizations in North America is a significant driver for the data wrangling market. As companies generate and collect large volumes of data, the need for effective tools and software for data wrangling becomes crucial. Furthermore, the rising demand for big data analytics in North America is another factor driving the growth of the data wrangling market. Data wrangling plays a vital role in preparing and cleaning data for analysis, enabling organizations to derive valuable insights from their data.

Data Wrangling Market Regional Insights

The regional trends and factors influencing the Data Wrangling Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Data Wrangling Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Data Wrangling Market Report Scope

Data Wrangling Market Players Density: Understanding Its Impact on Business Dynamics

The Data Wrangling Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Data Wrangling Market are:

1. BRILLIO
2. ONEDOT AG
3. Paxata, Inc.
4. Trifacta
5. Alteryx
6. Altair Engineering, Inc.

Disclaimer: The companies listed above are not ranked in any particular order.

Data Wrangling Market News and Recent Developments

The data wrangling market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

• In April 2021, Trifacta introduced an enhanced tool that empowers customers to seamlessly utilize their data within Google BigQuery, while also introducing two new integrations aimed at enhancing data preparation processes.

(Source: Trifacta, Press Release, 2021)

Data Wrangling Market Report Coverage and Deliverables

The "Data Wrangling Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST/Porter's Five Forces and SWOT analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles