Kenneth Research, in its repository of market research reports, has recently added a report on Data Mining Software Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Data Mining Software Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Data Mining Software Market products.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Data Mining Software is a tool designed to collect or extract data from different Internet sources which is then organized and stored for future use. This extracted data holds importance as it is gathered into databases and aggressively used in formulating marketing policies and developing new products and services. In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Strong demand for advanced business intelligence tools, the move towards artificial intelligence and machine learning, technological developments, rising need amid companies to gain valuable intelligences into the data generated from different business processes, the increasing use of cloud-based solutions are expected to drive the growth of the data mining software market. Moreover, the growth of smartphone and tablet market has directly resulted in a massive increase in the amount of data generated which is why the demand for data mining software is increasing rapidly. However, the changing government policies, rules and regulations, less investments in R&D and under developed technological base are the major factors that are expected to restrict the growth of the market.
Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Data Mining Software Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Data Mining Software Market Competitive Landscape
The “Global Data Mining Software Market” study report will provide a valuable insight with an emphasis on global market including some of the major players as follows:
*IBM
*RapidMiner
*GMDH
*Apteco
*University of Ljubljana
*Salford Systems
*SAS Institute
*Oracle
*Salford Systems
*Lexalytics
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Data Mining Software Market, By Component
*Services
*Tools
Global Data Mining Software Market, By Organization Type
*Large Enterprise
*Medium Enterprise
*Small Enterprise
Global Data Mining Software Market, By Deployment Type
*Cloud-based
*On-premise
Global Data Mining Software Market, Geographic Scope
*North America
o U.S.
o Canada
o Mexico
*Europe
o Germany
o UK
o France
o Rest of Europe
*Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
*Latin America
o Brazil
*Rest of the World
Reasons to Purchase this Report
*Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
*Provision of market value (USD Billion) data for each segment and sub-segment
*Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
*Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
*Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
*Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
*The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
*Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
*Provides insight into the market through Value Chain
*Market dynamics scenario, along with growth opportunities of the market in the years to come
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