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Data Bridge Market Research has unveiled a new report called “Data Mining Tools Market“ which provides an in-depth exploration of growth strategies, drivers, opportunities, key segments, Porter’s Five Forces analysis, and the competitive landscape. The Data Mining Tools marketing report offers an in-depth investigation of the market driving factors, opportunities, restraints, and challenges for obtaining crucial insight of the market. Such a brilliant report has been prepared by a team of enthusiastic analysts, skilled researchers, and experienced forecasters who work meticulously for the same. The wide-ranging market research report presents intelligent solutions to versatile business challenges and instigates an effortless decision-making process.
Data Bridge Market Research analyses that the data mining tools market is expected to reach USD 2045.79 million by 2030, which is USD 832.19 million in 2022, at a CAGR of 11.90% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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The growth in data generation, data mining and data storage across different organizations, such as banking, process manufacturing, marketing and ongoing digital transformation, will enhance the market growth during the forecast period. Data mining aids marketing companies to create prototypes based on past data to calculate appropriate results showcasing new marketing operations such as direct mail, online marketing operations, and others and ensuring marketers to have a precise method to provide personalized products to targeted customers.
Some Of The Major Players Operating In The Data Mining Tools Market Are:
- IBM (U.S.)
- KNIME (Switzerland)
- Minitab, LLC (U.S.)
- VMware, Inc. (U.S.)
- Fortinet Inc. (U.S.)
- Frontline Systems, Inc. (U.S.)
- Hewlett Packard Enterprise Development LP (U.S.)
- SAS Institute Inc. (U.S.)
- Oracle (U.S.)
- Microsoft (U.S.)
- Teradata (U.S.)
- The MathWorks, Inc. (U.S.)
- ai (U.S.)
- Intel Corporation (U.S.)
- ALTERYX, INC. (U.S.)
- SAP SE (U.S.)
- RapidMiner (U.S.)
- FICO (U.S.)
- Salford Systems (U.S.)
- BlueGranite, Inc. (U.S.)
Key Opportunities
- Several benefits associated with data mining tools
Data mining tools bring many profits to retail companies, through data analysis. These devices have a proper production and sales process that highlighting on repeated purchasing products instantaneously by consumers. Furthermore, it also increases retail corporations to provide discounts for products that will attract more and more consumers. Also, a rise in demand for artificial intelligence technologies and machine learning creates numerous opportunities for the growth of the marketcreates numerous opportunities for the market. Moreover, the surge in the need for embedded intelligence and the increasing requirement for generating insights from raw data to gain a competitive benefit are also anticipated to make major advantages in the market.
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Market Segmentation of Data Mining Tools Market:
Component
- Tools
- Services
Service Managed Service
- Consulting and Implementation
- Others
Support and Maintenance
Training and services
Business Function
- Marketing
- Finance
- Supply Chain and Logistics and Operations
Industry Vertical
- Retail
- Banking
- Financial Services, and Insurance
- Healthcare and Life Sciences
- Telecom and IT
- Government and Defense
- Energy and Utilities
- Manufacturing
- Others
Deployment Type
- On-Premises
- Cloud
Organization Size
- Large Enterprises
- Small and Medium-Sized Enterprises
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