Data Pipeline Tools Market worth $17.6 billion by 2027: MarketsandMarkets
According to a new MarketsandMarkets report, the Data Pipeline Tools Market is expected to grow from $6.9 billion in 2022 to $17.6 billion by 2027 at a CAGR of 20.3%. If data experts share a common understanding of data processing activities, they can effectively prepare for new sources of information and channels while also reducing the time and cost of incorporating additional sources. Giving analytics teams complete access to data flows allows them to derive valuable insights while improving data quality.
Cloud segment to account for higher CAGR during the forecast period
The Data Pipeline Tools Market is divided into cloud and on-premises segments. The cloud deployment mode’s market size is expected to be larger, with a higher CAGR during the forecast period. Modern data pipelines can help the organization in various ways, including making insights and data more accessible, speeding decision-making, and allowing for flexibility and flexibility during peak demand periods. Modern, cloud-based data pipelines can benefit from rapid adaptability compared to traditional methods. It is a powerful engine that feeds data through various filters, apps, and APIs, ultimately delivering it to its destination in a helpful state. It can scale computation and storage capacity up and down on its own.
SMEs segment to account for higher CAGR during the forecast period
Large businesses and SMEs comprise two market segments for data pipeline tools. The SMEs are predicted to have the highest CAGR during the projection period. Building data pipelines is crucial for SMEs. To develop datasets, businesses must be able to collect data from millions of people and analyze the results in almost real time. To obtain real-time data insights, data pipeline systems handle the data and automate essential business operations. Data pipeline tools can be beneficial for SMEs to elevate their customer data to obtain sophisticated reporting and metrics, lower costs with streamlined processes, higher operational efficiency, precise forecasting of sales patterns, and improved data security.
APAC to hold higher CAGR during the forecast period
Over the next five years, the Asia Pacific region is expected to witness the fastest growth in the data pipeline market. This is because of the tremendous growth in data across all businesses in this area. Whether the company is a manufacturer or media and entertainment, a massive flood of data has shown the necessity for an effective data pipeline technology. Businesses were used to keeping data in silos at first. Due to these silos, making management decisions and building plans was complex. As a result, it is anticipated that this area will embrace data pipeline technologies and solutions rapidly.
Major vendors in the global Data Pipeline Tools Market
Google (US), IBM (US), AWS (US), Oracle (US), Microsoft (US), SAP SE (Germany), Actian (US), Software AG (Germany), Denodo Technologies (US), Snowflake (US), Adeptia (US), SnapLogic (US), K2View (US), Precisely (US), Tibco (US), TapClicks (US), Talend (US), Rivery.io (US), Alteryx (US), Informatica (US), Qlik (US), Hitachi Vantara (US), Hevodata (US), Gathr (US), Confluent (US), Estuary Flow (US), Blendo (US), Integrate.io (US), and Fivetran (US).
