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Data Wrangling Market to Expand by USD 1.49 Billion from 2024-2028, Benefits of Data Wrangling Solutions Drive Revenue, Report on AI-Redefined Market Landscape – Technavio

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NEW YORK, Nov. 7, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global data wrangling market  size is estimated to grow by USD 1.49 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  14.8%  during the forecast period. Numerous benefits provided by data wrangling solutions is driving market growth, with a trend towards rising need of technology in healthcare sector. However, lack of awareness of data wrangling tools among smes  poses a challenge.Key market players include Altair Engineering Inc., Alteryx Inc., Dataiku Inc., DataRobot Inc., Dell Technologies Inc., eXalt Solutions Inc., Hitachi Ltd., Ideata Analytics, Impetus Technologies Inc., Innovative Routines International (IRI) Inc., International Business Machines Corp., Medallia Inc., Microsoft Corp., Oracle Corp., Rapid Insight Inc., SAS Institute Inc., Teradata Corp., TIBCO Software Inc., Wipro Ltd., and Zoho Corp. Pvt. Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Sector (BFSI, Government and public sector, Healthcare, and Others) and Geography (North America, Europe, APAC, Middle East and Africa, and South America)

Region Covered

North America, Europe, APAC, Middle East and Africa, and South America

Key companies profiled

Altair Engineering Inc., Alteryx Inc., Dataiku Inc., DataRobot Inc., Dell Technologies Inc., eXalt Solutions Inc., Hitachi Ltd., Ideata Analytics, Impetus Technologies Inc., Innovative Routines International (IRI) Inc., International Business Machines Corp., Medallia Inc., Microsoft Corp., Oracle Corp., Rapid Insight Inc., SAS Institute Inc., Teradata Corp., TIBCO Software Inc., Wipro Ltd., and Zoho Corp. Pvt. Ltd.

Key Market Trends Fueling Growth

The healthcare sector encounters numerous challenges, such as managing disease outbreaks and enhancing operational efficiency. With an influx of daily data, including patient details, medical history, treatment records, and payment information, healthcare organizations require solutions to prepare, clean, and format this data for insightful analysis. Data wrangling plays a vital role in this process by transforming raw data into structured formats. During the COVID-19 pandemic, data wrangling tools became essential for cleaning and organizing patient data, enabling quick decision-making. As healthcare adopts advanced technologies like AI and machine learning, the demand for data wrangling solutions increases, as these technologies rely on clean, structured data for accurate predictions and insights. The growing focus on personalized medicine and patient-centric care necessitates integrating diverse data sources, further emphasizing the importance of data wrangling for managing complexity and improving decision-making, patient outcomes, and healthcare system efficiency. As healthcare data volume expands, data wrangling’s role in driving innovation and quality care will continue to grow, positively impacting the market’s growth during the forecast period. 

In today’s digital world, businesses are generating and collecting massive amounts of data. This data needs to be processed and transformed into valuable insights to drive business growth. Trends like digital transformation, big data analytics, and e-commerce are leading the charge in data usage. Data integration, structuring, and transformation are key areas of focus for professional services and consulting firms. Data security is paramount, with encryption, access controls, and data protection laws ensuring data privacy. Technology hubs are emerging as centers for innovation in data munging, information mapping, and enterprise mobility. Industries like healthcare, telecommunications, financial services, and insurance are leveraging cloud solutions for data analysis. Data quality, edge computing, and financial services are also seeing significant investment. Anomalies in data require attention, with cloud-based analytics and data lineage tools helping to identify and address them. Metadata management, data cataloging, and data cleaning are essential for data unification and self-service data preparation. Big data, digitalization, finance, IoT devices, smart cities, and life sciences are all driving the need for data analysis tools. Data loss prevention is a critical concern, with firms investing in solutions to mitigate risk. Overall, the data wrangling market is thriving, with innovation and growth expected to continue. 

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Market Challenges

•         Data wrangling refers to the process of extracting valuable insights from raw data using advanced technologies like machine learning and big data analytics. Small and medium-sized enterprises (SMEs) primarily use conventional Extract, Transform, Load (ETL) tools due to their user-friendly interface and affordability. However, these tools lack the necessary functionality for SMEs to fully adopt data wrangling technology, limiting its growth potential. Moreover, in developing countries such as China and India, where there is a high concentration of businesses, the lack of awareness about data wrangling techniques among SMEs will hinder market expansion during the forecast period.

•         In today’s business world, managing data effectively is crucial for success. However, data wrangling presents several challenges for organizations. These include information mapping to connect data from various sources, enterprise mobility to access data on-the-go, ensuring data quality, and implementing edge computing for real-time analysis. Industries like financial services, insurance, and life sciences face unique data challenges. Cloud solutions offer scalability and flexibility, but data loss and security are major concerns. Data analytics tools help make sense of big data, but data lineage, metadata management, and data cataloging are essential for maintaining data accuracy. Self-service data preparation is important for enabling business users, while AI and machine learning require data cleaning and unification. Data management, data preparation, and real-time analysis are key for IT and telecom, while data governance is crucial for large enterprises and SMEs alike. IoT devices and smart cities generate vast amounts of data, requiring multi-cloud strategies and hybrid cloud solutions. Data analytics is the end goal, but data loss, data security, and data privacy are ongoing challenges that must be addressed.

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Segment Overview 

This data wrangling market report extensively covers market segmentation by

Sector 1.1 BFSI1.2 Government and public sector1.3 Healthcare1.4 OthersGeography 2.1 North America2.2 Europe2.3 APAC2.4 Middle East and Africa2.5 South America

1.1 BFSI-  The BFSI sector’s reliance on data wrangling has grown significantly due to the digitization of services and the resulting generation of large volumes of data. Data wranglers optimize operational processes and provide insights to agents for effective online customer interaction. They reduce data preparation time by more than 15 times, enabling a 360-degree client view. With massive data generation, proper management is crucial to prevent unwanted events like data breaches. The Royal Bank of Scotland, serving over 30 million customers globally, uses data wranglers to extract insights from unstructured data, particularly web chats. These factors are driving the demand for data wrangling solutions in the BFSI sector, ensuring secure and efficient data management.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Data Wrangling Market is experiencing significant growth due to the increasing volume, variety, and velocity of data being generated across industries. Data loss and theft continue to be major concerns, driving the need for data management and security solutions. Artificial intelligence and machine learning are revolutionizing data analysis by automating data preparation and enabling real-time analysis. Cloud-based solutions and multi-cloud strategies are becoming increasingly popular for data management, offering flexibility and scalability. Data munging, information mapping, and data cleaning are essential data preparation tasks for ensuring data quality. Finance, insurance, and IoT devices are generating massive amounts of data, making data unification and self-service data preparation crucial. Big data and real-time analysis are transforming industries like finance and smart cities, requiring edge computing to process data at the source. Data analytics is at the heart of these trends, enabling businesses to gain valuable insights and make informed decisions.

Market Research Overview

The Data Wrangling Market is experiencing significant growth due to the increasing demand for Artificial Intelligence (AI) and Machine Learning (ML) applications in Data Analytics. Businesses are focusing on Data Management and Preparation to derive valuable insights from their data. Real-time analysis is becoming essential for Large Enterprises and SMEs in IT and Telecom, Finance, Healthcare, Telecommunications, E-commerce, and other sectors. On-premises and Cloud-based solutions are popular for Data Management, with Multi-cloud strategies and Hybrid cloud gaining traction. Data Security and Governance are top priorities, with Digital Transformation driving the adoption of Big Data Analytics, Data Integration, and Data Transformation. Data Structuring, Professional Services, and Consulting are crucial for Data Encryption, Access Controls, and Data Protection Laws. Technology hubs are investing in Data Analytics Tools and Edge Computing to support Digitalization and IoT devices. Data Quality, Anomalies, and Cloud-based Analytics are key areas of focus, along with Data Lineage, Metadata Management, Data Cataloging, Data Cleaning, and Data Unification. Self-service Data Preparation and Big Data are transforming industries such as Life Sciences, Finance, and Insurance. Data Loss prevention is a growing concern, with a need for advanced Data Analytics and AI-driven solutions. The market is expected to continue growing, driven by the increasing importance of Data in the Digital Age.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

SectorBFSIGovernment And Public SectorHealthcareOthersGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Max Stock Limited Announces Change in Shares Held by an Interested Party

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CAESAREA, Israel, Nov. 24, 2024 /PRNewswire/ — Max Stock Limited (TASE: MAXO(; )the “Company”, “Max Stock“) today announced that on November 20th, 2024, Phoenix Financial Ltd. and Phoenix Investment House Ltd. (“Phoenix reporting group”), including their respective nostro account, provident funds and provident fund management companies, as well as mutual fund management companies and market maker sub entities, informed the Company that they had sold shares of the Company thereby lowering their joint holdings to 4.8% of the Company’s issued capital (4.15% and 0.65% respectively). As a result, Phoenix reporting group will no longer be an interested party in the Company.

This is an English translation of segments of a Hebrew immediate report that was published on November 24, 2024 (Ref. No: 2024-01-618032) (hereinafter: the “Hebrew Version”). This English version is only for convenience purposes. This is not an official translation and has no binding force. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

About Max Stock

Max Stock is Israel’s leading extreme value retailer, currently present in 64 locations throughout Israel and 2 locations in Portugal. We offer a broad assortment of quality products for customers’ everyday needs at affordable prices, helping customers “Dream Big, Pay Small”. For more information, please visit https://ir.maxstock.co.il                 

Company Contacts:

Talia Sessler,
Chief Corporate Development and IR Officer
talia@maxstock.co.il

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SOURCE Max Stock Limited

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Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

 

SOURCE Wahed

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Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

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