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(Wireless-NewsWire.Com, September 28, 2018 ) The Global Data Quality Tools Market was valued at USD 526.21 million in 2016 and is projected to reach USD 2314.5 million by 2025, growing at a CAGR of 17.89% from 2017 to 2025.
Data quality is the examination of a specific set of data and the subsequent determination of whether that data is adequate enough for it to be able to serve its intended objective. Data quality examinations can be carried out in several situations and it assesses several factors in the data in order to determine factors such as reliability, relevance, accuracy as well as the completeness of the data. With the ever-increasing incorporation of data systems, an organization’s operation is becoming increasingly linked with the quality of their data. This results in the necessity for data quality tools in order to assess the data.
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The data quality tools enable businesses in data monitoring, data enrichment, data profiling and more. There are several factors that are aiding the growth of the market for data quality tools such as the increase in the effectiveness of processes, the enhancement in company data quality and management as well as the increase in time efficiency. Factors such as the difficulty of initial implementation of the service and are restraining the market’s growth.
The “Global Data Quality Tools Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Oracle Corporation, SAP SE, IBM Corporation, Microsoft Corporation, Informatica, Trianz, Pitney Bowes Inc., Tamr, Talend, Information Builders, Syncsort, Experian PLC and SAS Institute Inc. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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