Data Extraction Software Market Set to Reach $3.64 Billion by 2029 with 15.9% Yearly Growth

What industry-specific factors are fueling the growth of the data extraction software market?
The escalation in unstructured data, which refers to information lacking a predefined organizational structure or model, is anticipated to drive the growth of the data extraction software market. Analyzing this type of data necessitates expertise and specific tools, catalysts for the adoption of data extraction software used to automate processes, and provide valuable insights. It does so by converting unstructured data into a structured format that can be utilized by business intelligence (BI) and analytics applications. A survey conducted in August 2022 by Komprise, a U.S. firm that specializes in unstructured data management surveys, found that 87% of IT leaders viewed the management of unstructured data growth as a primary concern in 2022, a significant leap from 70% in 2021. Additionally, about 65% of companies intend to, or are currently feeding their big data analytics platforms with unstructured data. As such, the surge in unstructured data is fueling market demand for data extraction software. Data Extraction Software Market Driver: Escalating Digitization Fuels Demand For Data Extraction Software

Get Your Data Extraction Software Market Report Here:
https://www.thebusinessresearchcompany.com/report/data-extraction-software-global-market-report

What Is the projected market size and growth rate for the data extraction software market?
The market for data extraction software has seen quick expansion in the past few years. The projections indicate an increase from $1.76 billion in 2024 to $2.01 billion in 2025, representing a Compound Annual Growth Rate (CAGR) of 14.5%. The surge during the historical period is largely due to factors such as military modernization initiatives, rising threats and confrontations, demands for interoperability, unique operations and urban combat, and an emphasis on network-centric warfare.

The market size for data extraction software is anticipated to experience a swift expansion in the coming years, and is predicted to reach a value of $3.64 billion by 2029, progressing at a compound annual growth rate (CAGR) of 15.9%. This surge in growth during the forecast period can be linked to the incorporation of artificial intelligence, the utilization of software-defined radios, the integration of unmanned systems, improved range and connectivity, and the operation within multiple domains. Noteworthy trends expected during the forecast period consist of concerns related to cybersecurity, advancements within the technology sector, modern encryption and cybersecurity, miniaturization, lightweight designs, and technologies efficient in spectrum use.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13415&type=smp

What new trends are reshaping the data extraction software market and its opportunities?
In the data extraction software market, leading corporations are putting their focus on cutting-edge technological solutions like cloud-based AI technologies to offer personalized services to their customers. The use of AI tools and applications that are hosted and delivered through the infrastructure of cloud computing is referred to as cloud-based AI technology. For example, in February 2023, Kofax, a software company based in the US, unveiled TotalAgility 7.11, an Intelligent Automation Platform featuring low-code. With several enhancements including improved Intelligent Document Processing (IDP), new low-code design elements, and advanced DevSecOps capabilities, this new version is designed to assist enterprises in effectively managing critical unstructured data out-of-the-box. It also seeks to make automation easy for developers and business users while ensuring secure scalability of automation in cloud environments.

What major market segments define the scope and growth of the data extraction software market?
The data extraction software market covered in this report is segmented -

1) By Component: Tools, Services
2) By Deployment: Cloud, On-Premises
3) By Organization Type: Large Enterprises, Small And Medium Enterprises (SMEs)
4) By Vertical: Banking, Financial Services, and Insurance (BFSI), Retail, IT And Telecommunication, Medical And Healthcare, Manufacturing, Government And Public Sector, Other Verticals

Subsegments:
1) By Tools: Web-Based Extraction Tools, Cloud-Based Extraction Tools, On-Premise Extraction Tools
2) By Services: Consulting Services, Integration And Deployment Services, Support And Maintenance Services

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13415

Which region dominates the data extraction software market?
North America was the largest region in the data extraction software market in 2024. The regions covered in the data extraction software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the data extraction software industry growth?
Major companies operating in the data extraction software market report are International Business Machines Corporation, UiPath Inc., Hyland Software Inc., Talend Inc., Nintex USA Inc., Fivetran Inc., Hevo Data Inc., Astera Software Corporation, Skyvia Inc., Oxylabs, Nano Net Technologies Inc., AIMLEAP Inc., Ocrolus Inc., Square 9 Softworks, Lexion, Alkymi Inc., Adverity, Bright Data Ltd., Grepsr, AmazingHiring Inc., cra*per, cra*per, cra*ping Fish, Crawlbase, Extract Systems, Simpleindex

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=13415&type=smp

What Is Covered In The Data Extraction Software Global Market Report?

• Market Size Forecast: Examine the data extraction software market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the data extraction software market for a structured understanding.
• Key Players Overview: Analyze major players in the data extraction software market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the data extraction software market.
• Segment Contributions: Evaluate how different segments drive overall growth in the data extraction software market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the data extraction software market.
• Industry Challenges: Identify potential risks and obstacles affecting the data extraction software market.
• Competitive Landscape: Review strategic developments in the data extraction software market, including expansions, agreements, and new product launches.

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.