Global Data Mining Tools Market accounted for USD 521.2 million in 2017 and is projected to grow at a CAGR of 12.3% the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Data mining tools market report presents the best market and business solutions to ICT industry in this rapidly revolutionizing market place to thrive in the market. This market research report is a careful investigation of current scenario of the market and future estimations which spans several market dynamics. Market definition gives the scope of particular product with respect to the driving factors and restraints in the market. Competitor strategies such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions can be utilized well by the ICT industry to take better steps for selling goods and services.
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The renowned players in data mining tools market are IBM, Microsoft, SAS Institute, Oracle, Intel Corporation, SAP SE, RapidMiner, KNIME, Teradata, MathWorks, H2O.ai, Alteryx, FICO, Angoss, Salford Systems, BlueGranite, Megaputer, Biomax Informatics, Frontline Systems, Dataiku (, Wolfram, Reltio, SenticNet, Business Insight among others.
Market Drivers and Restraints:
Increasing adoption of cloud and mobile technologies by large diversified population.
Growing usage of cloud-based solutions.
Significant increase in data volume.
Increased awareness among enterprises to leverage the available data assets.
Government rules and regulations.
Competitive Analysis: Global Data Mining Tools Market
The global data mining tools market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of data mining tools market for global, Europe, North America, Asia Pacific and South America.
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Market Segmentation: Global Data Mining Tools Market
(solutions and others),
(managed services and others),
By business function
(marketing, finance and others),
By deployment type
(cloud and on-premises),
By organization size
(large enterprises and SMES),
By Industry Vertical
(BFSI and others)
By Geographical Segments
(North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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