Core Insights - The Data Preparation Tools Market is experiencing robust growth driven by AI-driven automation and cloud technology adoption [1][10] - The market is projected to register a CAGR of 17.3% from 2025 to 2031 [3] Market Drivers - AI-powered automation is significantly reducing manual data wrangling, enhancing efficiency and accuracy [3] - Cloud-native deployment models are empowering companies to deploy scalable AI agents for real-time data preparation and analytics [4] - Semantic data governance platforms are facilitating consistent analytics and compliance across hybrid environments [5] Recent Developments - Altair Engineering was recognized in the Gartner Magic Quadrant for Data Science Platforms after launching Hyper Works 2025 [6] - Informatica enhanced its Intelligent Data Management Cloud with CLAIRE Copilot, streamlining AI workload preparation [6] - Notable product launches include Alteryx One, Strategy's Auto 2.0, and Qlik's no-code data prep interface [7] Market Share and Competitive Landscape - The market share is concentrated among key players such as Altair Engineering, Alteryx, Informatica, IBM, Microsoft, MicroStrategy, QlikTech, SAP SE, and SAS Institute [8] - Strategic partnerships and regional expansions are crucial for responding to the increasing demand for scalable and secure data preparation platforms [9] Outlook and Forecast - Continued growth in the Data Preparation Tools Market is expected, particularly in industries like BFSI, healthcare, retail, and IT [10][11] - Companies with strong market share are likely to lead innovation and benefit from digital transformation initiatives [11]