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 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
