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

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

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.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
      • Table UNITED STATES DOLLAR EXCHANGE RATE, 2014-2017
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • RESEARCH ASSUMPTIONS AND LIMITATIONS
      • ASSUMPTIONS
      • LIMITATIONS
  • EXECUTIVE SUMMARY
    • Table DATA MINING TOOLS MARKET SIZE AND GROWTH RATE, 2016-2023 (USD MILLION, Y-O-Y %)
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE DATA MINING TOOLS MARKET
    • DATA MINING TOOLS MARKET, BY DEPLOYMENT TYPE
    • DATA MINING TOOLS MARKET, BY COMPONENT
    • DATA MINING TOOLS MARKET, BY ORGANIZATION SIZE
    • DATA MINING TOOLS MARKET: TOP 3 INDUSTRY VERTICALS AND REGIONS
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • DATA MINING TOOLS MARKET, BY COMPONENT
    • INTRODUCTION
      • Table DATA MINING TOOLS MARKET SIZE, BY COMPONENT, 2016-2023 (USD MILLION)
    • TOOLS
      • Table TOOLS: DATA MINING TOOLS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • SERVICES
      • Table SERVICES: DATA MINING TOOLS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • DATA MINING TOOLS MARKET, BY SERVICE
    • INTRODUCTION
      • Table DATA MINING TOOLS MARKET SIZE, BY SERVICE, 2016-2023 (USD MILLION)
    • MANAGED SERVICES
      • Table MANAGED SERVICES: DATA MINING TOOLS MARKET SIZE, BY REGION 2016-2023 (USD MILLION)
    • CONSULTING AND IMPLEMENTATION
      • Table CONSULTING AND IMPLEMENTATION: DATA MINING TOOLS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • OTHERS
      • Table OTHERS: DATA MINING TOOLS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • DATA MINING TOOLS MARKET, BY BUSINESS FUNCTION
    • INTRODUCTION
      • Table DATA MINING TOOLS MARKET, BY BUSINESS FUNCTION, 2016-2023 (USD MILLION)
    • MARKETING
      • Table MARKETING: DATA MINING TOOLS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • FINANCE
      • Table FINANCE: DATA MINING TOOLS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • SUPPLY CHAIN AND LOGISTICS
      • Table SUPPLY CHAIN AND LOGISTICS: DATA MINING TOOLS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • OPERATIONS
      • Table OPERATIONS: DATA MINING TOOLS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • DATA MINING TOOLS MARKET, BY INDUSTRY VERTICAL
    • INTRODUCTION
      • Table DATA MINING TOOLS MARKET SIZE, BY INDUSTRY VERTICAL, 2016-2023 (USD MILLION)
    • RETAIL
      • Table RETAIL: DATA MINING TOOLS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • BANKING, FINANCIAL SERVICES, AND INSURANCE
      • Table BANKING, FINANCIAL SERVICES, AND INSURANCE: DATA MINING TOOLS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • HEALTHCARE AND LIFE SCIENCES
      • Table HEALTHCARE AND LIFE SCIENCES: DATA MINING TOOLS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • TELECOM AND IT
      • Table TELECOM AND IT: DATA MINING TOOLS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • GOVERNMENT AND DEFENSE
      • Table GOVERNMENT AND DEFENSE: DATA MINING TOOLS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • ENERGY AND UTILITIES
      • Table ENERGY AND UTILITIES: DATA MINING TOOLS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • MANUFACTURING
      • Table MANUFACTURING: DATA MINING TOOLS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • OTHERS
      • Table OTHERS: DATA MINING TOOLS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • DATA MINING TOOLS MARKET, BY DEPLOYMENT TYPE
    • INTRODUCTION
      • Table DATA MINING TOOLS MARKET SIZE, BY DEPLOYMENT TYPE, 2016-2023 (USD MILLION)
    • ON-PREMISES
      • Table ON-PREMISES: DATA MINING TOOLS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • CLOUD
      • Table CLOUD: DATA MINING TOOLS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • DATA MINING TOOLS MARKET, BY ORGANIZATION SIZE
    • INTRODUCTION
      • Table DATA MINING TOOLS MARKET SIZE, BY ORGANIZATION SIZE, 2016-2023 (USD MILLION)
    • LARGE ENTERPRISES
      • Table LARGE ENTERPRISES: DATA MINING TOOLS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • SMALL AND MEDIUM-SIZED ENTERPRISES
      • Table SMALL AND MEDIUM-SIZED ENTERPRISES: DATA MINING TOOLS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • DATA MINING TOOLS MARKET, BY REGION
    • INTRODUCTION
      • Table DATA MINING TOOLS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
        • Table NORTH AMERICA: DATA MINING TOOLS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table NORTH AMERICA: DATA MINING TOOLS MARKET SIZE, BY COMPONENT, 2016-2023 (USD MILLION)
        • Table NORTH AMERICA: DATA MINING TOOLS MARKET SIZE, BY SERVICE, 2016-2023 (USD MILLION)
        • Table NORTH AMERICA: DATA MINING TOOLS MARKET SIZE, BY BUSINESS FUNCTION, 2016-2023 (USD MILLION)
        • Table NORTH AMERICA: DATA MINING TOOLS MARKET SIZE, BY INDUSTRY VERTICAL, 2016-2023 (USD MILLION)
        • Table NORTH AMERICA: DATA MINING TOOLS MARKET SIZE, BY DEPLOYMENT TYPE, 2016-2023 (USD MILLION)
        • Table NORTH AMERICA: DATA MINING TOOLS MARKET SIZE, BY ORGANIZATION SIZE, 2016- 2023 (USD MILLION)
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • REST OF EUROPE
        • Table EUROPE: DATA MINING TOOLS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table EUROPE: DATA MINING TOOLS MARKET SIZE, BY COMPONENT, 2016-2023 (USD MILLION)
        • Table EUROPE: DATA MINING TOOLS MARKET SIZE, BY SERVICE, 2016-2023 (USD MILLION)
        • Table EUROPE: DATA MINING TOOLS MARKET SIZE, BY BUSINESS FUNCTION, 2016-2023 (USD MILLION)
        • Table EUROPE: DATA MINING TOOLS MARKET SIZE, BY INDUSTRY VERTICAL, 2016-2023 (USD MILLION)
        • Table EUROPE: DATA MINING TOOLS MARKET SIZE, BY DEPLOYMENT TYPE, 2016-2023 (USD MILLION)
        • Table EUROPE: DATA MINING TOOLS MARKET SIZE, BY ORGANIZATION SIZE, 2016-2023 (USD MILLION)
    • ASIA PACIFIC
      • AUSTRALIA AND NEW ZEALAND
      • JAPAN
      • CHINA
      • REST OF ASIA PACIFIC
        • Table ASIA PACIFIC: DATA MINING TOOLS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table ASIA PACIFIC: DATA MINING TOOLS MARKET SIZE, BY COMPONENT, 2016-2023 (USD MILLION)
        • Table ASIA PACIFIC: DATA MINING TOOLS MARKET SIZE, BY SERVICE, 2016-2023 (USD MILLION)
        • Table ASIA PACIFIC: DATA MINING TOOLS MARKET SIZE, BY BUSINESS FUNCTION, 2016-2023 (USD MILLION)
        • Table ASIA PACIFIC: DATA MINING TOOLS MARKET SIZE, BY INDUSTRY VERTICAL, 2016-2023 (USD MILLION)
        • Table ASIA PACIFIC: DATA MINING TOOLS MARKET SIZE, BY DEPLOYMENT TYPE, 2016-2023 (USD MILLION)
        • Table ASIA PACIFIC: DATA MINING TOOLS MARKET SIZE, BY ORGANIZATION SIZE, 2016-2023 (USD MILLION)
    • MIDDLE EAST AND AFRICA
      • KINGDOM OF SAUDI ARABIA
      • UNITED ARAB EMIRATES
      • SOUTH AFRICA
      • REST OF MIDDLE EAST AND AFRICA
        • Table MIDDLE EAST AND AFRICA: DATA MINING TOOLS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: DATA MINING TOOLS MARKET SIZE, BY COMPONENT, 2016-2023 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: DATA MINING TOOLS MARKET SIZE, BY SERVICE, 2016-2023 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: DATA MINING TOOLS MARKET SIZE, BY BUSINESS FUNCTION, 2016-2023 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: DATA MINING TOOLS MARKET SIZE, BY INDUSTRY VERTICAL, 2016-2023 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: DATA MINING TOOLS MARKET SIZE, BY DEPLOYMENT TYPE, 2016-2023 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: DATA MINING TOOLS MARKET SIZE, BY ORGANIZATION SIZE, 2016-2023 (USD MILLION)
    • LATIN AMERICA
      • BRAZIL
      • MEXICO
      • REST OF LATIN AMERICA
        • Table LATIN AMERICA: DATA MINING TOOLS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table LATIN AMERICA: DATA MINING TOOLS MARKET SIZE, BY COMPONENT, 2016-2023 (USD MILLION)
        • Table LATIN AMERICA: DATA MINING TOOLS MARKET SIZE, BY SERVICE, 2016-2023 (USD MILLION)
        • Table LATIN AMERICA: DATA MINING TOOLS MARKET SIZE, BY BUSINESS FUNCTION, 2016-2023 (USD MILLION)
        • Table LATIN AMERICA: DATA MINING TOOLS MARKET SIZE, BY INDUSTRY VERTICAL, 2016-2023 (USD MILLION)
        • Table LATIN AMERICA: DATA MINING TOOLS MARKET SIZE, BY DEPLOYMENT TYPE, 2016-2023 (USD MILLION)
        • Table LATIN AMERICA: DATA MINING TOOLS MARKET SIZE, BY ORGANIZATION SIZE, 2016-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING
      • Table MARKET RANKING FOR THE DATA MINING TOOLS MARKET, 2018
    • COMPETITIVE SCENARIO
      • NEW PRODUCT/SERVICE LAUNCHES AND PRODUCT UPGRADATIONS
        • Table NEW PRODUCT/SERVICE LAUNCHES AND PRODUCT UPGRADATIONS
      • BUSINESS EXPANSIONS
        • Table BUSINESS EXPANSIONS
      • ACQUISITIONS
        • Table ACQUISITIONS
      • PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
        • Table PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
  • COMPANY PROFILES
    • IBM
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SAS INSTITUTE
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • ORACLE
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • MICROSOFT
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • TERADATA
      • BUSINESS OVERVIEW
      • PRODUCTS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • MATHWORKS
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • H2O.AI
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • INTEL
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ALTERYX
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SAP
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • RAPIDMINER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • KNIME
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • FICO
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SALFORD SYSTEMS
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BLUEGRANITE
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ANGOSS SOFTWARE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • PARTNER NETWORK
      • MNM VIEW
    • MEGAPUTER INTELLIGENCE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • PARTNER NETWORK
      • MNM VIEW
    • BIOMAX INFORMATICS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • FRONTLINE SYSTEMS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SUNTEC INDIA
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • MNM VIEW
    • DATAIKU
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • PARTNER NETWORK
      • MNM VIEW
    • WOLFRAM RESEARCH
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • RELTIO
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • SENTICNET
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • BUSINESS INSIGHT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
  • APPENDIX
    • KEY INDUSTRY INSIGHTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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