Market Overview

Data Mining Tools - Worldwide Markets to 2023: A +$1 Billion Opportunity - ResearchAndMarkets.com

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The "Data
Mining Tools Market by Component (Tools and Services), Business Function
(Marketing, Finance, Supply Chain and Logistics, and Operations),
Industry Vertical, Deployment Type, Organization Size, and Region -
Global Forecast to 2023"
report has been added to ResearchAndMarkets.com's
offering.

The data mining tools market is expected to grow from USD 591.2 Million
in 2018 to USD 1,039.1 Million by 2023, at a Compound Annual Growth Rate
(CAGR) of 11.9% during the forecast period, owing to the significant
increase in data volume and increased awareness among enterprises to
leverage the benefits of available data assets.

The marketing segment is expected to have the largest market share
during the forecast period. The marketing business function enables
enterprises to understand the historical transaction patterns of
customers, thus helping them plan and manage new marketing campaigns.
Furthermore, data mining provides insights into customer-buying patterns
and helps organizations in managing the demand and supply match while
offering customized offerings to their clients.

Market Dynamics

Drivers

  • Significant Increase in Data Volume
  • Increased Awareness Among Enterprises to Leverage the Available Data
    Assets

Restraints

  • Government Rules and Regulations

Opportunities

  • Increasing Need to Create Insights from Raw Data
  • Need for Embedded Intelligence to Gain Competitive Advantage

Challenges

  • Data Privacy, Security, and Reliability
  • Advent of BI and AI Raising Concerns for Data Mining Vendors

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Data Mining Tools Market, By Component

7 Market By Service

8 Market By Business Function

9 Data Mining Tools Market, By Industry Vertical

10 Data Mining Tools Market, By Deployment Type

11 Market By Organization Size

12 Data Mining Tools Market, By Region

13 Competitive Landscape

14 Company Profiles

  • ISAS Institute
  • Oracle
  • Microsoft
  • Teradata
  • MathWorks
  • H2O.ai
  • Intel
  • Alteryx
  • SAP
  • Rapidminer
  • Knime
  • FICO
  • Salford Systems
  • BlueGranite
  • Angoss Software
  • Megaputer Intelligence
  • Biomax Informatics
  • Frontline Systems
  • Suntec India
  • Dataiku
  • Wolfram Research
  • Reltio
  • SenticNet
  • Business Insight

For more information about this report visit https://www.researchandmarkets.com/research/9kk5ch/data_mining_tools?w=4

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