Press release
Data Mining Tools Market Poised for 12.9 % Growth, Set to Hit $2.13 Billion by 2029
Data Mining Tools Market
The burgeoning preference for cloud-based solutions is projected to fuel the expansion of the data mining tools market. The term 'cloud-based solutions' refers to services and applications that are offered and used via the internet and use remote servers to store, manage, and process data, providing users with flexibility and accessibility. Data mining tools aid in the increasing preference for cloud-based solutions by helping organizations glean meaningful patterns and insights from extensive datasets, streamline decision-making processes, and boost the proficiency of cloud-based applications. For example, the European Commission (EC), the Belgium-based executive body of the European Union (EU), stated in December 2023 that the uptake of cloud-based services in the European Union grew by 4.2 percentage points in 2023, with 45.2% of business entities procuring cloud computing services. This represents a significant uptick compared to 2021 figures. As a result, the growing acceptance of cloud-based solutions is propelling the development of the data mining tools market.
Get Your Data Mining Tools Market Report Here:
https://www.thebusinessresearchcompany.com/report/data-mining-tools-global-market-report
What Is the projected market size and growth rate for the data mining tools market?
There has been an accelerated expansion in the data mining tools market size over the recent past. The market is projected to soar from $1.16 billion in 2024 to $1.31 billion in 2025, boasting a compound annual growth rate (CAGR) of 13.3%. Such growth during the historic period can be ascribed to factors like amplified automation in production, rising labor costs, the increase in e-commerce, adaptable applications, and upgraded safety norms.
The market size of data mining tools is projected to witness fast-paced expansion in the upcoming years, reaching $2.13 billion by 2029, with a compound annual growth rate (CAGR) of 12.9%. The growth during the forecast period can be credited to the robust increase in cybersecurity measures in robotics, the swift growth of the manufacturing sector, the rising acceptance of industry 4.0, significant government backing, and government-led initiatives. The forecast period is set to see several predominant trends, including the usage of collaborative robotics (cobots), the introduction of innovative products, advancements in technology, implementation of AI and machine learning, and expansion into new sectors.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13636&type=smp
What new trends are reshaping the data mining tools market and its opportunities?
There is a growing trend among prominent firms in the data mining tools industry to concentrate on the creation of high-tech software like data mining software to gain a competitive advantage. Data mining software, a specialized tool that employs algorithms and methods to scrutinize large datasets, provides significant patterns, insights, and knowledge beneficial for enlightened decision-making. For instance, Nextpoint, an American software development firm, introduced a novel data mining software named Data Mining in January 2023. The software provides a 30-fold increase in processing speed for early case evaluation and intricate data analysis. Furthermore, this software allows for instantaneous analysis of large datasets, decreasing review costs and time tenfold.
What major market segments define the scope and growth of the data mining tools market?
The data mining tools market covered in this report is segmented -
1) By Component: Tools, Services
2) By Platform: On-Premise, On-Cloud
3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
4) By End-Use: Retail And E-commerce, Banking, Financial Services, And Insurance (BFSI), Government And Defense, Manufacturing, Energy And Utilities, Education, IT And Telecom, Healthcare, Other End Uses
Subsegments:
1) By Tools: Data Mining Software, Data Visualization Tools, Data Preparation Tools, Predictive Analytics Tools, Reporting Tools
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training Services
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13636
Which region dominates the data mining tools market?
North America was the largest region in the data mining tools market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data mining tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the data mining tools industry growth?
Major companies operating in the data mining tools market report are Microsoft Corporation, Dell Technologies Inc., Intel Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, Hewlett Packard Enterprise Development LP, Fortinet Inc., SAS Institute, Salford Systems, Teradata, Frontline Systems, Fair, Isaac and Company (FICO), MathWorks, Alteryx, SunTec India, Sisense, Dataiku, Reltio, Minitab LLC, CB Insights, KNIME, Biomax Informatics, BlueGranite Inc., Crunchbase Inc., RockDaisy, Megaputer Intelligence Inc., H2O.ai, Angoss Software Corporation, Splunk
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=13636&type=smp
What Is Covered In The Data Mining Tools Global Market Report?
• Market Size Forecast: Examine the data mining tools market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the data mining tools market for a structured understanding.
• Key Players Overview: Analyze major players in the data mining tools market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the data mining tools market.
• Segment Contributions: Evaluate how different segments drive overall growth in the data mining tools market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the data mining tools market.
• Industry Challenges: Identify potential risks and obstacles affecting the data mining tools market.
• Competitive Landscape: Review strategic developments in the data mining tools market, including expansions, agreements, and new product launches.
Learn More About The Business Research Company
The Business Research Company provides in-depth research and insights through a vast collection of 15,000+ reports spanning 27 industries and over 60 geographies. Backed by 1,500,000 datasets, extensive secondary research, and expert insights from industry leaders, we equip you with the knowledge needed to stay ahead in the market.
Our flagship offering, the Global Market Model, is a leading market intelligence platform that delivers comprehensive and up-to-date forecasts to support strategic decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Data Mining Tools Market Poised for 12.9 % Growth, Set to Hit $2.13 Billion by 2029 here
News-ID: 3907992 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Data
Data Catalog Market: Serving Data Consumers
Data Catalog Market size was valued at US$ 801.10 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 23.2% from 2023 to 2029, reaching nearly US$ 3451.16 Mn.
Data Catalog Market Report Scope and Research Methodology
The Data Catalog Market is poised to reach a valuation of US$ 3451.16 million by 2029. A data catalog serves as an organized inventory of an organization's data assets, leveraging…
Big Data Security: Increasing Data Volume and Data Velocity
Big data security is a term used to describe the security of data that is too large or complex to be managed using traditional security methods. Big data security is a growing concern for organizations as the amount of data generated continues to increase. There are a number of challenges associated with securing big data, including the need to store and process data in a secure manner, the need to…
HOW TO TRANSFORM BIG DATA TO SMART DATA USING DATA ENGINEERING?
We are at the cross-roads of a universe that is composed of actors, entities and use-cases; along with the associated data relationships across zillions of business scenarios. Organizations must derive the most out of data, and modern AI platforms can help businesses in this direction. These help ideally turn Big Data into plug-and-play pieces of information that are being widely known as Smart Data.
Specialized components backed up by AI and…
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption…
Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY…
Long Term Data Retention Solutions Market - The Increasing Demand For Big Data W …
Data retention is a technique to store the database of the organization for the future. An organization may retain data for several different reasons. One of the reasons is to act in accordance with state and federal regulations, i.e. information that may be considered old or irrelevant for internal use may need to be retained to comply with the laws of a particular jurisdiction or industry. Another reason is to…
