DUBLIN--(BUSINESS WIRE)--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 size 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.
The growing need among organizations across industry verticals to gain valuable insights into the data generated from different business processes, technological advancements, and the use of cloud-based solutions are expected to drive the growth of the data mining tools market. Changing government rules and regulation policies are the major factors expected to restrict the growth of the data mining tools market.
North America is estimated to account for the largest market share in 2018, while APAC is expected to grow at the highest CAGR during the forecast period. APAC is expected to be a money-spinning market for data mining tool and service providers during the forecast period, considering the untapped opportunities and increasing commercial investment in different industry verticals in the region. Multinational companies are expected to emphasize on exploring the APAC market by partnering with local companies, channel partners, and technology partners.
Moreover, the increasing adoption of cloud and mobile technologies by large diversified population, startup entrepreneurs, and booming eCommerce retailers have led to the rapid implementation of data mining tools and services in the APAC countries, such as Japan, India, China, and Australia.
Key Topics Covered:
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
- Salford Systems
- Angoss Software
- Megaputer Intelligence
- Biomax Informatics
- Frontline Systems
- Suntec India
- Wolfram Research
- Business Insight
For more information about this report visit https://www.researchandmarkets.com/research/n8vg2q/data_mining_tools?w=4