One particularly time-consuming and manual integration process step that could benefit from automation is data preparation.
Modern business moves at a fast pace. As such, individuals and business units are often frustrated when it takes weeks, months, or even longer for their ideas to be made a reality. They must lead their projects and the integration required to pull everything together.
The use of technologies like low code development and reusable, composable components helps. But the manual steps and reliance on individually skilled users working sequentially on each step of an integration mean the process is rigid and resistant to improvement.
One particularly time-consuming and manual integration process step that could benefit from automation is data prep. Not surprisingly, there is lots of interest in this market. In fact, the global data preparation tool market will reach a projected $8.6 billion by 2027, according to a study by Marqual IT Solutions Pvt. Ltd (KBV Research). The study points to the emergence of big data as a significant driver of the market, thanks to the need for specialized tools.
See also: Data Integration Is a Necessity for Public Sector Projects
Market growth factors
Disruption from the pandemic has contributed to tool adoption, especially during the scramble to find a vaccine. Medical data creates a significant source of work for teams cleaning and ingesting data from multiple sources. Data preparation tools ensure smooth workflow and plenty of power and storage to ensure that medical organizations can derive value from their data.
Other significant market drivers include an increasing significance of data management as well as scalability. When organizations can effectively manage their data, they can derive value while streamlining operations. Flexible data preparation tools offer greater agility and allow companies to adjust their data tools as their needs change.
See Also: Center for Automated Integration
Obstacles to the market that impact integration
Potential vendors will be paying attention to current challenges in implementation.
- High costs: Deployment cost is still a significant barrier for many small to medium enterprises, and this reduces the overall market potential for vendors.
- Function outlook: Depending on how organizations plan to use their data preparation tools, adoption could be faster or slower. Data cataloging has a more promising outlook than data security because companies may demand greater capability than is available on the market.
- Type of deployment: How and where users plan to deploy these tools could also provide a restraining factor. Self-service cloud adoption is gaining traction.
The data preparation market will continue to expand
The report outlines key players and deals in the market in addition to its overall forecast. Companies grappling with big data will look to new solutions to manage and deploy data products while remaining secure. And although the APAC region seems to make up the largest segment of demand, the market will grow worldwide.