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Why Invest in Data Extraction Market Size Reach USD 4.90 Billion by 2027

06-05-2024 02:12 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Why Invest in Data Extraction Market Size Reach USD 4.90 Billion

According to the report published by Allied Market Research, Why Invest in Data Extraction Market Size Reach USD 4.90 Billion by 2027. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.

Rise in adoption of big data analytics software by multiple organizations, increase need for dedicated storage systems, and numerous benefits offered by data extraction solutions fuel the growth of the global data extraction market. Surge in application of artificial intelligence in data extraction and adoption of virtual data warehousing are expected to create multiple opportunities in the coming years.

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The global data extraction market was valued at USD 2.14 billion in 2019, and is projected to reach USD 4.90 billion by 2027, growing at a CAGR of 11.8% from 2020 to 2027.

The global data extraction market is segmented on the basis of component, data type, deployment model, enterprise size, industry vertical, and region. In terms of component, the market is fragmented into solution and service. The data type covered in the study includes unstructured and semi-structured & structured. By deployment model, it is segregated into on-premise and cloud. As per enterprise size, it is divided into large enterprise and small & medium enterprises. In terms of industry vertical, it is fragmented into BFSI, manufacturing, healthcare, government, energy & utilities, transportation, retail & e-commerce, IT & telecom, education and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Access the full summary at: https://www.alliedmarketresearch.com/data-extraction-market-A06797

Covid-19 Scenario-

• The outbreak of the pandemic led to growing inclination toward online education and work-from-home policy.

• Accordingly, there's been a steep rise in demand for data extraction tools, as cloud-based data extraction software is highly fabricated to manage and analyze critical information of educational as well as corporate organizations.

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Based on component, the solution segment contributed to more than two-thirds of the total market share in 2019 and is anticipated to rule the roost by 2027. The service segment, on the other hand, would manifest the fastest CAGR of 13.4% throughout the forecast period.

Based on deployment model, the on-premise segment accounted for more than half of the total market revenue in 2019 and is anticipated to rule the roost by 2027. At the same time, the cloud segment is expected to exhibit the fastest CAGR of 13.1% from 2020 to 2027.

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Based on geography, North America generated the highest share in 2019, garnering nearly half of the global market. Simultaneously, Asia-Pacific would portray the fastest CAGR of 14.7% by 2027. The other two regions covered in the study include LAMEA and Europe.

The key market players analyzed in the global data extraction market report include Altair Engineering Inc., IBM Corporation, Fair Isaac Corporation, Alteryx, Inc., Microsoft Corporation, Matillion Ltd., Oracle Corporation, SAS Institute, Inc., Teradata Corporation, and SAP SE. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry.

Buy Now & Get Exclusive Discount on this Report (308 Pages PDF with Insights, Charts, Tables, and Figures) at: https://www.alliedmarketresearch.com/data-extraction-market/purchase-options

Thanks for reading this article you can also get individual chapter-wise sections or region-wise report versions like North America Europe or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

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