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

  • ID: 4537738
  • Report
  • Region: Global
  • 152 Pages
  • Markets and Markets
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The data mining tools market is expected to grow at a CAGR of 11.9% during the forecast period.

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.

The managed services segment is expected to account for the largest market size during the forecast period.

Managed services are provided by third-party vendors and include the monitoring and maintenance of computers, networks, and software. Organizations prefer to take the help of specialized data mining tools and service providers to gain crucial information from their raw data (structured and unstructured). Managed service providers help organizations improve their productivity and ensure the smooth functioning of business processes with the effective utilization of resources. Moreover, these services help organizations formulate effective strategies to solve complex business problems.

The Small and Medium-sized Enterprises (SMEs) segment is expected to grow at a higher CAGR during the forecast period.

The Small and Medium-sized Enterprises (SMEs) segment is expected to grow at a higher CAGR during the forecast period. Cost-effectiveness is the important need of SMEs, as they always face constraints in marketing themselves and gaining visibility, due to their limited budgets. In this digital era, data mining tools can be extremely helpful for organizations in achieving their business objectives, generating revenues, and finding new business opportunities with important insights from data. Most SMEs prefer cloud-based solutions over on-premises solutions, and this adoption trend would accelerate in the near future, enabling the cloud deployment type to have a considerable market size during the forecast period. SMEs have a huge potential to flourish in the data mining tools market during the forecast period.

Asia Pacific (APAC) is expected to witness the highest growth rate during the forecast period.

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.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people.

The break-up of the profiles of the primary participants is given below:

  • By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
  • By Designation: C-level – 45%, D-level – 30%, and Others – 25%
  • By Region: North America – 35%, APAC– 30%, Europe – 20%, and RoW – 15%

Major vendors in the data mining tools market include IBM (US), Microsoft (US), SAS Institute (US), Oracle (US), Intel (US), SAP SE (Germany), RapidMiner (US), KNIME (Switzerland), Teradata (US), MathWorks (US), H2O.ai (US), Alteryx (US), FICO (US), Angoss (Canada), Salford Systems (US), BlueGranite (US), Megaputer (US), Biomax Informatics (Germany), Frontline Systems (US), Dataiku (France), Wolfram (US), Reltio (US), SenticNet (Singapore), Business Insight (Belgium), and SunTec India (Delhi).
 
Research Coverage

The data mining tools market is segmented by component, business function, industry vertical, deployment type, organization size, and region. The report would help market leaders/new entrants in this market in the following ways:

The report segments the data mining tools market comprehensively and provides the closest approximations of the revenue numbers for the overall market and its subsegments. The market numbers are further split across different industry verticals and regions. Moreover, the report splits the market into on-premises and cloud deployment types.

Reasons to Buy the Report

From an insight perspective, this research report focuses on various levels of analysis--market sizing of the global market and its subsegments and analysis of the top players and company profiles, which together comprise and discuss basic views on the competitive landscape; emerging and high-growth segments of the data mining tools market; and high-growth regions and their respective drivers, restraints, challenges, and opportunities.

The report would enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn, could help firms in garnering a greater market share.

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FEATURED COMPANIES

  • Alteryx
  • Business Insight
  • H2O.ai
  • MathWorks
  • Rapidminer
  • SenticNet
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Research Assumptions and Limitations
2.3.1 Assumptions
2.3.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Data Mining Tools Market
4.2 Market By Deployment Type
4.3 Market By Component
4.4 Market By Organization Size
4.5 Market Top 3 Industry Verticals and Regions

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Significant Increase in Data Volume
5.2.1.2 Increased Awareness Among Enterprises to Leverage the Available Data Assets
5.2.2 Restraints
5.2.2.1 Government Rules and Regulations
5.2.3 Opportunities
5.2.3.1 Increasing Need to Create Insights From Raw Data
5.2.3.2 Need for Embedded Intelligence to Gain Competitive Advantage
5.2.4 Challenges
5.2.4.1 Data Privacy, Security, and Reliability
5.2.4.2 Advent of Bi and Ai Raising Concerns for Data Mining Vendors

6 Data Mining Tools Market, By Component
6.1 Introduction
6.2 Tools
6.3 Services

7 Market By Service
7.1 Introduction
7.2 Managed Services
7.3 Consulting and Implementation
7.4 Others

8 Market By Business Function
8.1 Introduction
8.2 Marketing
8.3 Finance
8.4 Supply Chain and Logistics
8.5 Operations

9 Data Mining Tools Market, By Industry Vertical
9.1 Introduction
9.2 Retail
9.3 Banking, Financial Services, and Insurance
9.4 Healthcare and Life Sciences
9.5 Telecom and IT
9.6 Government and Defense
9.7 Energy and Utilities
9.8 Manufacturing
9.9 Others

10 Data Mining Tools Market, By Deployment Type
10.1 Introduction
10.2 On-Premises
10.3 Cloud

11 Market By Organization Size
11.1 Introduction
11.2 Large Enterprises
11.3 Small and Medium-Sized Enterprises

12 Data Mining Tools Market, By Region
12.1 Introduction
12.2 North America
12.2.1 United States
12.2.2 Canada
12.3 Europe
12.3.1 United Kingdom
12.3.2 Germany
12.3.3 France
12.3.4 Rest of Europe
12.4 Asia Pacific
12.4.1 Australia and New Zealand
12.4.2 Japan
12.4.3 China
12.4.4 Rest of Asia Pacific
12.5 Middle East and Africa
12.5.1 Kingdom of Saudi Arabia
12.5.2 United Arab Emirates
12.5.3 South Africa
12.5.4 Rest of Middle East and Africa
12.6 Latin America
12.6.1 Brazil
12.6.2 Mexico
12.6.3 Rest of Latin America

13 Competitive Landscape
13.1 Overview
13.2 Market Ranking
13.3 Competitive Scenario
13.3.1 New Product/Service Launches and Product Upgradations
13.3.2 Business Expansions
13.3.3 Acquisitions
13.3.4 Partnerships, Agreements, and Collaborations

14 Company Profiles
14.1 IBM
14.2 SAS Institute
14.3 Oracle
14.4 Microsoft
14.5 Teradata
14.6 MathWorks
14.7 H2O.ai
14.8 Intel
14.9 Alteryx
14.10 SAP
14.11 Rapidminer
14.12 Knime
14.13 FICO
14.14 Salford Systems
14.15 BlueGranite
14.16 Angoss Software
14.17 Megaputer Intelligence
14.18 Biomax Informatics
14.19 Frontline Systems
14.20 Suntec India
14.21 Dataiku
14.22 Wolfram Research
14.23 Reltio
14.24 SenticNet
14.25 Business Insight

15 Appendix
15.1 Key Industry Insights
15.2 Discussion Guide
15.3 Knowledge Store
15.4 Introducing RT: Real Time Market Intelligence
15.5 Available Customizations
15.6 Related Reports
15.7 Author Details

List of Tables:
Table 1 United States Dollar Exchange Rate, 2014–2017
Table 2 Data Mining Tools Market Size and Growth Rate, 2016–2023 (USD Million, Y-O-Y %)
Table 3 Market Size, By Component, 2016–2023 (USD Million)
Table 4 Tools: Market Size By Region, 2016–2023 (USD Million)
Table 5 Services: Market Size By Region, 2016–2023 (USD Million)
Table 6 Data Mining Tools Market Size, By Service, 2016–2023 (USD Million)
Table 7 Managed Services: Market Size By Region 2016–2023 (USD Million)
Table 8 Consulting and Implementation: Market Size By Region, 2016–2023 (USD Million)
Table 9 Others: Market Size By Region, 2016–2023 (USD Million)
Table 10 Data Mining Tools Market, By Business Function, 2016–2023 (USD Million)
Table 11 Marketing: Market Size By Region, 2016–2023 (USD Million)
Table 12 Finance: Market Size By Region, 2016–2023 (USD Million)
Table 13 Supply Chain and Logistics: Market Size By Region, 2016–2023 (USD Million)
Table 14 Operations: Market Size By Region, 2016–2023 (USD Million)
Table 15 Data Mining Tools Market Size, By Industry Vertical, 2016–2023 (USD Million)
Table 16 Retail: Market Size By Region, 2016–2023 (USD Million)
Table 17 Banking, Financial Services, and Insurance: Market Size By Region, 2016–2023 (USD Million)
Table 18 Healthcare and Life Sciences: Market Size By Region, 2016–2023 (USD Million)
Table 19 Telecom and IT: Market Size By Region, 2016–2023 (USD Million)
Table 20 Government and Defense: Market Size By Region, 2016–2023 (USD Million)
Table 21 Energy and Utilities: Market Size By Region, 2016–2023 (USD Million)
Table 22 Manufacturing: Market Size By Region, 2016–2023 (USD Million)
Table 23 Others: Market Size By Region, 2016–2023 (USD Million)
Table 24 Data Mining Tools Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 25 On-Premises: Market Size By Region, 2016–2023 (USD Million)
Table 26 Cloud: Market Size By Region, 2016–2023 (USD Million)
Table 27 Data Mining Tools Market Size By Organization Size, 2016–2023 (USD Million)
Table 28 Large Enterprises: Market Size By Region, 2016–2023 (USD Million)
Table 29 Small and Medium-Sized Enterprises: Market Size By Region, 2016–2023 (USD Million)
Table 30 Data Mining Tools Market Size, By Region, 2016–2023 (USD Million)
Table 31 North America: Market Size By Country, 2016–2023 (USD Million)
Table 32 North America: Market Size By Component, 2016–2023 (USD Million)
Table 33 North America: Market Size By Service, 2016–2023 (USD Million)
Table 34 North America: Market Size By Business Function, 2016–2023 (USD Million)
Table 35 North America: Market Size By Industry Vertical, 2016–2023 (USD Million)
Table 36 North America: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 37 North America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 38 Europe: Data Mining Tools Market Size, By Country, 2016–2023 (USD Million)
Table 39 Europe: Market Size By Component, 2016–2023 (USD Million)
Table 40 Europe: Market Size By Service, 2016–2023 (USD Million)
Table 41 Europe: Market Size By Business Function, 2016–2023 (USD Million)
Table 42 Europe: Market Size By Industry Vertical, 2016–2023 (USD Million)
Table 43 Europe: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 44 Europe: Market Size By Organization Size, 2016–2023 (USD Million)
Table 45 Asia Pacific: Data Mining Tools Market Size, By Country, 2016–2023 (USD Million)
Table 46 Asia Pacific: Market Size By Component, 2016–2023 (USD Million)
Table 47 Asia Pacific: Market Size By Service, 2016–2023 (USD Million)
Table 48 Asia Pacific: Market Size By Business Function, 2016–2023 (USD Million)
Table 49 Asia Pacific: Market Size By Industry Vertical, 2016–2023 (USD Million)
Table 50 Asia Pacific: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 51 Asia Pacific: Market Size By Organization Size, 2016–2023 (USD Million)
Table 52 Middle East and Africa: Data Mining Tools Market Size, By Country, 2016–2023 (USD Million)
Table 53 Middle East and Africa: Market Size By Component, 2016–2023 (USD Million)
Table 54 Middle East and Africa: Market Size By Service, 2016–2023 (USD Million)
Table 55 Middle East and Africa: Market Size By Business Function, 2016–2023 (USD Million)
Table 56 Middle East and Africa: Market Size By Industry Vertical, 2016–2023 (USD Million)
Table 57 Middle East and Africa: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 58 Middle East and Africa: Market Size By Organization Size, 2016–2023 (USD Million)
Table 59 Latin America: Data Mining Tools Market Size, By Country, 2016–2023 (USD Million)
Table 60 Latin America: Market Size By Component, 2016–2023 (USD Million)
Table 61 Latin America: Market Size By Service, 2016–2023 (USD Million)
Table 62 Latin America: Market Size By Business Function, 2016–2023 (USD Million)
Table 63 Latin America: Market Size By Industry Vertical, 2016–2023 (USD Million)
Table 64 Latin America: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 65 Latin America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 66 Market Ranking for the Data Mining Tools Market, 2018
Table 67 New Product/Service Launches and Product Upgradations
Table 68 Business Expansions
Table 69 Acquisitions
Table 70 Partnerships, Agreements, and Collaborations

List of Figures:
Figure 1 Data Mining Tools Market Segmentation
Figure 2 Regional Scope
Figure 3 Data Mining Tools Market: Research Design
Figure 4 Breakdown of Primaries: By Company, Designation, and Region
Figure 5 Data Triangulation
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Data Mining Tools Market: Assumptions
Figure 9 Market Top 3 Segments in 2018
Figure 10 Market By Component
Figure 11 Market By Business Function
Figure 12 Market By Region
Figure 13 Increased Awareness Among Enterprises to Leverage the Available Data Assets is Likely to Drive the Market Growth During the Forecast Period
Figure 14 Cloud Deployment Type is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 15 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 16 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 17 Retail Industry Vertical and North American Region are Estimated to Dominate the Data Mining Tools Market in 2018
Figure 18 Data Mining Tools Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 20 Managed Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 21 Supply Chain and Logistics Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 22 Banking, Financial Services, and Insurance Industry Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 Cloud Deployment Type is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 24 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 25 North America is Expected to Hold the Largest Market Share During the Forecast Period
Figure 26 Asia Pacific is Expected to Register the Highest Growth Rate During the Forecast Period
Figure 27 North America: Market Snapshot
Figure 28 Asia Pacific: Market Snapshot
Figure 29 Key Developments of the Leading Players in the Data Mining Tools Market, 2015–2018
Figure 30 Market Evaluation Framework
Figure 31 IBM: Company Snapshot
Figure 32 IBM: SWOT Analysis
Figure 33 SAS Institute: Company Snapshot
Figure 34 SAS Institute: SWOT Analysis
Figure 35 Oracle: Company Snapshot
Figure 36 Oracle: SWOT Analysis
Figure 37 Microsoft: Company Snapshot
Figure 38 Microsoft: SWOT Analysis
Figure 39 Teradata: Company Snapshot
Figure 40 Teradata: SWOT Analysis
Figure 41 Intel: Company Snapshot
Figure 42 Alteryx: Company Snapshot
Figure 43 SAP: Company Snapshot
Figure 44 FICO: Company Snapshot

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  • 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
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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