A $1.2 Billion Global Opportunity for Data Mining Tools by 2026 - New Research from StrategyR

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Oct 07, 2021, 10:30 ET

SAN FRANCISCO, Oct. 7, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Data Mining Tools - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Global Opportunity for Data Mining Tools

FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 32272
Companies: 42 - Players covered include Alteryx, Inc.; Angoss Software Corporation; Biomax Informatics AG; BlueGranite, Inc.; Dataiku SAS; FICO (Fair Isaac Corporation); Frontline Systems Inc.; H2O.ai; IBM Corporation; Intel Corporation; KNIME AG; Megaputer Intelligence, Inc.; Microsoft Corporation; Oracle Corporation; Rapidminer, Inc.; Reltio; Salford Systems, Inc.; SAP SE; SAS Institute, Inc.; Senticnet; SunTec; Teradata Corporation; The MathWorks, Inc; Wolfram Research and Others.
Coverage: All major geographies and key segments
Segments: Business Function (Marketing, Finance, Supply Chain & Logistics, Operations); Component (Services, Tools)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Data Mining Tools Market to Reach $1.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Data Mining Tools estimated at US$634.7 Million in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2026, growing at a CAGR of 11.1% over the analysis period. Services, one of the segments analyzed in the report, is projected to record a 10.9% CAGR and reach US$871.5 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Tools segment is readjusted to a revised 11.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $211.9 Million in 2021, While China is Forecast to Reach $213.1 Million by 2026
The Data Mining Tools market in the U.S. is estimated at US$211.9 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$213.1 Million by the year 2026 trailing a CAGR of 10.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.7% and 9.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.1% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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