TechNavio recognizes the following companies as the key players in the Global Data Quality Tools Market: SAP AG, Experian QAS, Pitney Bowes Inc., and Informatica Corp.
Commenting on the report, an analyst from TechNavio’s team said: “The emergence of SaaS-based data quality solutions has enabled organizations to increase their efficiency and reduce the cost of deploying valuable IT infrastructure. However, numerous organizations are still analyzing the feasibility and relevance of such cloud computing solutions in their IT operations. The SaaS-based model is a pay-per-use model which provides cost-effective accessibility to the end-users; it is a paradigm where quality tools can be accessed at any time and in any place by multiple users. Although some enterprises have a good understanding of the benefits offered by SaaS-based data quality solutions, there are a number of concerns and risks, particularly about data sharing and security, and these concerns are affecting the steady adoption of such solutions. However, the Global Data Quality Tools market is witnessing a trend where several vendors in the market are beginning to offer solutions through the SaaS-based model to expand their services and enter new markets.”
According to the report, one of the major drivers is the need to enhance productivity. There has been an increase in the volume and variety of data generated inside organizations and the speed at which they are generated. As data quality tools help organizations improve the quality of enterprise-wide data, they help improve overall business productivity. Demand for such tools has increased.
Further, the report states that one of the main challenges hindering the growth of the market is the high implementation and product costs incurred by enterprises. The implementation of the data quality solution can be expensive and, after implementation, the data quality tools require upgrading. The upgrade costs increase the total operational cost for a company.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-data-quality-tools-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report -Global Data Quality Tools Market 2012-2016
