Data Mining Tools Market Size & Share Analysis - Growth Trends And Forecast (2024 - 2031)
By Component;
Tools and ServicesBy Business Function;
Marketing, Finance, Supply Chain & Logistics and OperationsBy Enterprise Size;
Large Enterprises and SMEsBy Deployment;
On-Premises and CloudBy Vertical;
BFSI, Energy & Utilities, Healthcare, IT & Telecom, Retail, Government & Defense, Manufacturing and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Data Mining Tools Market Overview
Data Mining Tools Market (USD Million)
Data Mining Tools Market was valued at USD 1,140.74 million in the year 2024. The size of this market is expected to increase to USD 2,490.46 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 11.8%.
Data Mining Tools Market
*Market size in USD million
CAGR 11.8 %
| Study Period | 2026 - 2032 |
|---|---|
| Base Year | 2025 |
| CAGR (%) | 11.8 % |
| Market Size (2025) | USD 1,140.74 Million |
| Market Size (2032) | USD 2,490.46 Million |
| Market Concentration | Low |
| Report Pages | 387 |
Major Players
- Microsoft
- IBM
- Oracle
- SAS Institute
- Intel
- RapidMiner
- Teradata
- KNIME
- SAP SE
- Dataiku
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Data Mining Tools Market
Fragmented - Highly competitive market without dominant players
Data Mining Tools Market is witnessing significant growth as enterprises increasingly focus on transforming raw data into actionable insights. With businesses generating massive data streams, more than 55% of organizations are now leveraging advanced tools to strengthen decision-making and boost productivity.
Predictive Analytics
Predictive analytics has emerged as a major growth catalyst, enabling companies to forecast consumer preferences and market shifts effectively. Approximately 48% of businesses employ predictive models to refine their strategies, enhancing marketing, supply chain operations, and customer engagement.
Integration with Artificial Intelligence
The integration of artificial intelligence (AI) is further revolutionizing data mining by automating processes and delivering deeper insights. Over 50% of modern solutions now include AI-powered algorithms, allowing firms to uncover hidden trends and make smarter business decisions with greater speed and accuracy.
Cloud-Based Deployment
Cloud technology is also reshaping the market, with around 46% of enterprises adopting cloud-based platforms for data mining. These solutions offer scalability, cost efficiency, and real-time access, driving wider adoption across industries and enabling greater operational flexibility.
Expanding Business Applications
The business applications of data mining tools continue to expand, covering sectors such as healthcare, retail, finance, and manufacturing. Nearly 42% of initiatives focus on enhancing customer experiences through personalized insights, underlining the critical role of data mining in shaping innovation and long-term growth strategies.
Data Mining Tools Market Key Takeaways
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Explosive growth driven by data-rich-digitised environments with organisations generating ever larger volumes of structured and unstructured data, demand for tools that extract actionable patterns, trends and insights is scaling rapidly.
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Cloud and hybrid deployment models dominate adoption cloud-based and multi-cloud data-mining platforms are increasingly preferred for their scalability, flexibility and lower upfront capex compared to traditional on-premises solutions.
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Integration of AI/ML is transforming the tools landscape vendors are embedding machine-learning, deep-learning and automation capabilities into data-mining software to enable self-driving analytics, predictive modelling and faster insight generation.
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Wide industry application breadth underpins market resilience finance, healthcare, retail, telecommunications and manufacturing sectors all deploy data-mining tools for functions ranging from fraud detection and customer-segmentation to operational optimisation and supply-chain analytics.
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North America leads share while Asia-Pacific posts fastest growth advanced analytics adoption and large enterprise uptake give North America dominant market share, while rapid digital-infrastructure rollout and cloud adoption in Asia-Pacific offer the highest growth trajectory.
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Data-privacy, skills-gap and implementation complexity pose challenges organisations face obstacles such as regulatory-compliance (data sovereignty, GDPR), shortage of data-science talent, and complexity of integrating legacy systems with modern analytics platforms.
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Service-led business models and ecosystem partnerships are key differentiators vendors offering consulting, managed-services, rapid deployment, custom-algorithm development and lifecycle support are gaining competitive edge over those providing standalone tool licences.
Data Mining Tools Market Recent Developments
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In May 2023, WiMi Hologram Cloud Inc. launched a data interaction system that integrates neural network technology with data mining. Utilizing real-time interaction, the system provides reliable and secure information transmission.
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In March 2023, U.S. Data Mining Group, Inc., a bitcoin mining operator, announced a hosting contract to deploy 150,000 bitcoins in collaboration with major companies including TeslaWatt, Sphere 3D, and Marathon Digital. The company offers turnkey solutions for curtailment, accounting, and customer management.
Data Mining Tools Market Segment Analysis
In this report, the Data Mining Tools Market has been segmented by Component, Business Function, Enterprise Size, Deployment, Vertical and Geography. This segmentation framework reflects how providers differentiate offerings across software modules and value-added services, tailor functionality to specific business functions, align deployment models with organizational IT strategies, and drive adoption across key industry verticals. It highlights how data mining tools enable organizations to derive actionable insights, improve decision-making, and support operational efficiency in both enterprise and SMB environments.
Data Mining Tools Market, Segmentation by Component
The Component segmentation distinguishes between core tools and supporting services, enabling buyers to understand how base capabilities and expert support contribute to overall solution value. Tools encompass the primary software platforms used for pattern discovery, prediction, and analytics workflows, while services include implementation, customization, and ongoing support to maximize return on investment. Although specific percentage splits are not consistently disclosed, market narratives emphasize the growing importance of managed and professional services to augment tool capabilities and accelerate time-to-value.
Tools
Tools represent the core software platforms that perform data mining functions such as clustering, classification, association rule learning, and anomaly detection. These platforms integrate with data warehouses and big data environments to enable exploratory analysis and predictive modeling. Providers continuously enhance tools with automated workflows, visual analytics, and machine learning integration to address expanding enterprise requirements.
Services
Services support deployment, integration, customization, training, and technical support for data mining solutions. This segment is increasingly valued for enabling organizations to tailor tools to specific business challenges, ensure proper adoption, and sustain performance through managed offerings. While detailed percentage adoption data is limited, services are recognized as a strategic value driver in complex IT environments.
Data Mining Tools Market, Segmentation by Business Function
The Business Function segmentation identifies how data mining tools support specific organizational roles such as marketing, finance, supply chain & logistics, and operations. Each function leverages data mining for distinct outcomes, from customer segmentation and risk analysis to demand forecasting and process optimization. Although verified percentage usage data is limited in public sources, commentary highlights differentiated growth drivers shaped by functional priorities and outcome expectations.
Marketing
Marketing functions use data mining to enhance customer segmentation, campaign targeting, churn prediction, and lifetime value modeling. Tools equipped with advanced analytics and AI capabilities support richer insights, enabling personalized strategies that improve conversion rates and customer engagement.
Finance
Finance teams deploy data mining for fraud detection, credit risk scoring, anomaly detection, and financial performance analysis. Solutions emphasize compliance support, real-time monitoring, and integration with financial reporting systems to enable more robust decision-making and risk management.
Supply Chain & Logistics
Supply Chain & Logistics functions leverage data mining for demand forecasting, inventory optimization, and distribution network analysis. These tools support visibility into complex supply networks and help firms respond dynamically to disruptions while managing costs and service levels.
Operations
Operations use data mining to improve production planning, process efficiency, quality control, and resource allocation. By mining operational data, organizations can identify bottlenecks, optimize workflows, and enhance overall performance across business units.
Data Mining Tools Market, Segmentation by Enterprise Size
The Enterprise Size segmentation categorizes adoption by large enterprises and SMEs, reflecting different procurement behavior, budgetary priorities, and scalability requirements. Large enterprises typically adopt comprehensive platforms with broad integration capacity, while SMEs favor modular and cost-effective solutions that provide essential analytics capabilities with minimal overhead.
Large Enterprises
Large Enterprises often implement full-featured data mining suites integrated with enterprise data lakes, business intelligence platforms, and governance frameworks. Their focus is on enterprise-wide analytics, cross-functional insights, and support for strategic decision frameworks, often supported by centralized IT and analytics teams.
SMEs
SMEs adopt data mining tools that offer ease of use, flexible pricing, and rapid deployment. These organizations prioritize solutions that deliver quick insights into customer behavior, operational efficiency, and competitive positioning without the need for heavy customization or extensive IT infrastructure.
Data Mining Tools Market, Segmentation by Deployment
The Deployment segmentation reflects how tools are hosted, either on-premises or via cloud environments, each offering distinct advantages in terms of control, scalability, and cost structure. Organizations select deployment modes based on regulatory requirements, data sovereignty concerns, and digital transformation strategies. While specific percentage adoption figures vary by region and sector, cloud deployment is frequently highlighted for its agility, collaboration support, and lower upfront investment.
On-Premises
On-Premises deployment provides organizations with direct control over infrastructure, data governance, and performance tuning. This model appeals to environments with strict regulatory constraints or where integration with legacy systems is paramount, particularly within highly regulated sectors.
Cloud
Cloud deployment enables rapid scalability, lower initial costs, and seamless access from distributed teams. Cloud offerings also integrate advanced analytics and AI capabilities delivered as a service, supporting remote collaboration, continuous updates, and flexible consumption models that appeal to digitally mature organizations.
Data Mining Tools Market, Segmentation by Vertical
The Vertical segmentation captures how key industry sectors adopt data mining tools to address domain-specific analytics challenges. These verticals include BFSI, energy & utilities, healthcare, IT & telecom, retail, government & defense, manufacturing and others. Each vertical leverages data mining to enhance domain intelligence, operational efficiency, and compliance outcomes, with strategic priorities shaped by sector dynamics.
BFSI
BFSI leverages data mining for credit risk analytics, fraud detection, customer lifetime value modeling, and compliance analytics. The focus on risk mitigation and customer insights drives adoption of advanced analytics frameworks within this sector.
Energy & Utilities
Energy & Utilities use data mining tools to optimize grid performance, forecast demand, and support maintenance analytics. These tools integrate data from distributed sensors, smart meters, and operational systems to enhance reliability and reduce operational costs.
Healthcare
Healthcare organizations deploy data mining for patient analytics, predictive diagnostics, operational optimization, and cost containment. Strong emphasis on data privacy, regulatory compliance, and clinical insights shapes the application landscape.
IT & Telecom
IT & Telecom leverage data mining for network performance optimization, churn prediction, and customer experience analytics. High volumes of operational and customer data make this sector a significant adopter of scalable analytics tools.
Retail
Retail uses data mining for demand forecasting, personalization, inventory optimization, and price strategy analytics. Retailers emphasize customer segmentation and real-time insights to improve competitiveness and agility.
Government & Defense
Government & Defense utilize data mining for public safety analytics, resource allocation, and threat detection. Compliance mandates and mission-critical decision-making requirements shape deployment and solution customization.
Manufacturing
Manufacturing sectors adopt data mining for predictive maintenance, quality control, and production optimization. Integration with IoT sensors and real-time monitoring frameworks enhances operational intelligence.
Others
Others includes industries such as education, transportation, and professional services that apply data mining to varied analytic challenges, from operational performance to customer insights. Growth in this category is driven by broader analytics adoption across non-traditional sectors.
Data Mining Tools Market, Segmentation by Geography
The Geography segmentation evaluates market performance and adoption trends across North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Regional dynamics are shaped by digital transformation intensity, enterprise analytics maturity, IT infrastructure investment, and regulatory environments. Though precise percentage splits are not consistently available, qualitative trends highlight differentiated growth priorities and strategic focus areas across regions.
Regions and Countries Analyzed in this Report
North America
In North America, the data mining tools market is propelled by high analytics adoption, extensive enterprise IT investment, and strong demand across sectors such as BFSI, retail, and healthcare. Growth strategies emphasize integrated platforms, advanced service offerings, and partnerships with cloud providers to support scalable analytics initiatives.
Europe
Across Europe, the market benefits from mature analytics ecosystems, robust regulatory frameworks, and heavy investment in industry digitization. Adoption is particularly strong in sectors such as manufacturing, energy & utilities, and government & defense, with regional strategies focused on data governance and cross-border collaboration.
Asia Pacific
In Asia Pacific, rapid digital transformation, expanding IT infrastructure, and rising cloud adoption drive demand for data mining tools. Market uptake is supported by strong interest in customer analytics, smart manufacturing, and telecom insights, with tailored pricing and local partnerships enhancing accessibility.
Middle East & Africa
In Middle East & Africa, growth is linked to expanding enterprise digitization, government analytics initiatives, and investment in analytics talent. Adoption focuses on sectors such as energy, public services, and transportation, with regional strategies emphasizing capacity building and ecosystem partnerships.
Latin America
In Latin America, demand for data mining tools is shaped by increasing analytics maturity, rising IT budgets, and adoption across sectors including retail and financial services. Regional strategies prioritize cost-effective solutions, technical support expansion, and integration with broader analytics stacks to foster long-term adoption.
Mining Tools Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Data Mining Tools Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces Drivers, Restraints, and Opportunities affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing Volume of Data
- Adoption of Artificial Intelligence
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Demand for Predictive Analytics-The demand for predictive analytics is a significant driver propelling the growth of the data mining tools market. Predictive analytics involves the use of historical data, statistical algorithms, and machine learning techniques to forecast future outcomes and trends. In today's data-rich environment, organizations across industries are increasingly recognizing the value of predictive analytics in gaining actionable insights and making informed decisions. By leveraging data mining tools equipped with predictive analytics capabilities, businesses can anticipate customer behavior, market trends, and operational risks, enabling them to stay ahead of the competition and drive business growth.
Predictive analytics is playing a crucial role in enhancing operational efficiency and optimizing resource allocation. By analyzing historical data patterns and identifying underlying correlations, organizations can optimize various aspects of their operations, including inventory management, supply chain logistics, and workforce planning. Predictive analytics enables businesses to forecast demand more accurately, minimize waste, and streamline processes, leading to cost savings and improved productivity. Additionally, predictive maintenance applications powered by data mining tools help organizations anticipate equipment failures and maintenance needs, reducing downtime and enhancing asset reliability.
The demand for predictive analytics is driven by the need for personalized and targeted marketing strategies. In today's competitive marketplace, businesses are seeking ways to engage customers more effectively and deliver personalized experiences. Predictive analytics enables organizations to analyze customer data, segment audiences, and predict individual preferences and behaviors. By tailoring marketing messages, promotions, and product recommendations to specific customer segments, businesses can enhance customer satisfaction, drive sales, and foster brand loyalty. As a result, the integration of predictive analytics capabilities into data mining tools is expected to continue driving growth in the global market, particularly in industries such as retail, e-commerce, and digital marketing.
Restraints
- Data Privacy Concerns
- Complexity of Implementation
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Integration Challenges-Integration challenges present a significant hurdle in the data mining tools market. One of the primary obstacles is the heterogeneous nature of data sources prevalent in many organizations. Data mining tools often need to aggregate and analyze data from various sources, such as databases, spreadsheets, and cloud platforms. However, these disparate data sources may have different formats, structures, and quality standards, making data integration a complex and time-consuming process. Addressing these integration challenges requires robust data integration solutions and platforms capable of harmonizing data from diverse sources seamlessly.
The integration of data mining tools with existing IT infrastructure poses additional challenges for organizations. Many enterprises have invested in legacy systems and applications that may not be compatible with modern data mining tools. Integrating these tools with legacy systems requires careful planning, customization, and sometimes redevelopment to ensure compatibility and interoperability. Moreover, organizations may face resistance from stakeholders accustomed to traditional processes, necessitating change management strategies to facilitate the adoption of data mining tools seamlessly.
The dynamic and evolving nature of data ecosystems exacerbates integration challenges in the data mining tools market. As organizations accumulate more data and adopt new technologies, the complexity of data environments increases. This complexity introduces interoperability issues, versioning conflicts, and data governance challenges that hinder the seamless integration of data mining tools. Addressing these integration challenges requires continuous monitoring, adaptation, and collaboration between data scientists, IT professionals, and business stakeholders to ensure that data mining tools effectively leverage the full potential of organizational data assets.
Opportunities
- Cloud-based Solutions
- Growth in Big Data Analytics
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Emerging Applications in Various Industries-Emerging applications of data mining tools are transforming various industries, driving growth and innovation. In healthcare, data mining tools are revolutionizing patient care, disease management, and drug discovery. These tools analyze vast amounts of patient data, including electronic health records, medical imaging, and genetic information, to identify patterns and insights that can improve diagnoses, treatment outcomes, and personalized medicine. Moreover, data mining enables healthcare providers to optimize operational efficiency, resource allocation, and preventive care initiatives, leading to better patient outcomes and cost savings.
In finance and banking, data mining tools are instrumental in fraud detection, risk management, and customer relationship management. By analyzing transactional data, customer behavior, and market trends, these tools help financial institutions identify suspicious activities, mitigate risks, and enhance regulatory compliance. Moreover, data mining facilitates personalized banking services, credit scoring, and cross-selling opportunities, enabling banks to improve customer satisfaction, loyalty, and profitability. Additionally, data mining tools empower financial analysts and traders with predictive insights, enabling them to make informed investment decisions and capitalize on market opportunities in real-time.
Data mining tools are driving innovation in retail, marketing, and e-commerce, revolutionizing customer engagement, demand forecasting, and supply chain management. By analyzing customer data, purchase history, and online behavior, retailers can personalize marketing campaigns, optimize pricing strategies, and enhance product recommendations. Data mining also enables retailers to identify emerging trends, manage inventory levels, and minimize stockouts, improving operational efficiency and customer satisfaction. Additionally, data mining tools empower e-commerce platforms with advanced recommendation engines, dynamic pricing algorithms, and fraud detection mechanisms, enabling them to gain a competitive edge in the rapidly evolving digital marketplace.
Data Mining Tools Market Competitive Landscape Analysis
Data Mining Tools Market is witnessing significant competition as vendors emphasize strategies that blend advanced analytics with scalable architectures. Around 45% of leading providers are enhancing their portfolios through collaboration and partnerships, while merger activities drive consolidation. This competitive environment strengthens market positioning, ensuring sustainable growth supported by evolving customer demand for intelligent insights.
Market Structure and Concentration
The market shows moderate concentration, with nearly 40% share controlled by top enterprises. Mid-sized firms continue to expand by leveraging technological advancements and customized strategies. Competitive pressure is maintained as niche players introduce domain-specific innovation, ensuring no single participant dominates entirely. This structure enables balanced competition while fostering rapid expansion.
Brand and Channel Strategies
Vendors prioritize diversified strategies, with nearly 55% focusing on strengthening digital channels to enhance customer reach. Partnerships with cloud providers and academic institutions play a crucial role in brand visibility. Aggressive positioning through training and certification programs highlights their growth-centric approach, while regional distributors extend expansion into untapped markets.
Innovation Drivers and Technological Advancements
Close to 60% of companies invest heavily in R&D to accelerate innovation, leveraging AI and machine learning to refine predictive models. These technological advancements enable deeper integration with enterprise systems, supporting competitive strategies. By fostering continuous upgrades and intelligent automation, the market sustains momentum for growth and ensures broader application expansion.
Regional Momentum and Expansion
Regional adoption remains strong, with 50% of demand concentrated in North America and Europe, while Asia-Pacific demonstrates 30% rapid growth. Localized strategies and partnerships support strong positioning in emerging economies. This balanced distribution enhances overall expansion, while regional initiatives create favorable environments for long-term innovation and development.
Future Outlook
The market is projected to sustain over 65% competitive activity driven by collaboration, merger integration, and disruptive technological advancements. Strategic partnerships and platform-based delivery models will reinforce growth across industries. With expanding data volumes and stronger enterprise reliance, the future outlook highlights a trajectory of continuous expansion and resilience.
Key players in Data Mining Tools Market include:
- IBM
- Microsoft
- SAS Institute
- Oracle
- SAP
- Alteryx
- KNIME
- RapidMiner
- TIBCO
- Teradata
- Intel
- The MathWorks
- Qlik
- Snowflake
- Dataiku
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Component
- Market Snapshot, By Business Function
- Market Snapshot, By Enterprise Size
- Market Snapshot, By Deployment
- Market Snapshot, By Vertical
- Market Snapshot, By Region
- Data Mining Tools Market Forces
- Drivers, Restraints and Opportunities
- Drivers
- Increasing Volume of Data
- Adoption of Artificial Intelligence
- Demand for Predictive Analytics
- Restraints
- Data Privacy Concerns
- Complexity of Implementation
- Integration Challenges
- Opportunities
- Cloud-based Solutions
- Growth in Big Data Analytics
- Emerging Applications in Various Industries
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Data Mining Tools Market, By Component, 2021 - 2031 (USD Million)
- Tools
- Services
- Data Mining Tools Market, By Business Function, 2021 - 2031 (USD Million)
- Marketing
- Finance
- Supply Chain & Logistics
- Operations
- Data Mining Tools Market, By Enterprise Size, 2021 - 2031 (USD Million)
- Large Enterprises
- SMEs
- Data Mining Tools Market, By Deployment, 2021 - 2031 (USD Million)
- On-Premises
- Cloud
- Data Mining Tools Market, By Vertical, 2021 - 2031 (USD Million)
- BFSI
- Energy & Utilities
- Healthcare
- IT & Telecom
- Retail
- Government & Defense
- Manufacturing
- Others
- Data Mining Tools Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Data Mining Tools Market, By Component, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- IBM
- Microsoft
- SAS Institute
- Oracle
- SAP
- Alteryx
- KNIME
- RapidMiner
- TIBCO
- Teradata
- Intel
- The MathWorks
- Qlik
- Snowflake
- Dataiku
- Company Profiles
- Analyst Views
- Future Outlook of the Market

